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Fapturbo and Pipturbo - Haven't heard much

Discussion in 'General Forex Talk' started by Barrel Head, Apr 22, 2010.

  1. Barrel Head

    Barrel Head Private

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    Don't hear anything about these two big hype losers. Anybody been hearing anything about them? It's my understanding that pipturbo is out of business and fapturbo is almost. ???
     
  2. Player

    Player Private

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    FAP Problems

    Re. Barrel Head's post: Yes, it seems 'Big Hype' is normally followed by 'Loser' a couple of months down the line. However, I've had steady-but-conservative success with FAP T since late last year (I stuck with V49 as didn't want to put the mockers on it!) just using the scalping on EUROGBP only. I found the other pairs too volatile in their FAP success rates for me....until last Monday.

    This week has been disastrous; partly because of certain brokers suddenly losing connection immediately FAP wished to trade, but mainly the general 'pattern' of candles in the recommended FAP scalping time frame (8-11pm + GMT offset applied of course) not apparently suiting FAP at all. Has anyone else had a particularly bad week with this?

    Is Delphi a April 2010 manual updated variation of FAP T???
     
  3. Barrel Head

    Barrel Head Private

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    Fapturbo and Pip Turbo

    Thanks, Player. That is my read on all of the robots and why I received refund from each within the required time frame. Pip Turbo refused to issue credit so I put it into dispute with my credit card company and they were forced to comply. Recently I have done business with eztrader.com at the suggestion of Steve Hoven in Michigan. I made some money but when I requested withdrawal on March 7, 2010 they have not processed it. Reasons given were Passover, errors of their part, etc., etc. Still do not have my withdrawal and they have drained my account balance down to zero. Not sure what to do about it until I become a Private on Peace Army. Any suggestions?
     
  4. Player

    Player Private

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    EZTrader problems

    Barrel Head: Sorry to hear of your EZ Trader withdrawal probs. Hopefully a more experienced FPA member than I who has encountered this situation - perhaps even with this broker - can give you some first hand advice. Fortunately I've not had that prob so far. There are two things I always ensure are in place before trading live though:

    1. That the broker is registered with the relevant financial service authority. As this gives you someone to complain to if they drag their heels. I understand the threat of this sometimes gets wheels turning.

    2. An email from the broker confirming that the docs/ID/reg forms etc are all complete for the withdrawal process BEFORE depositing money. This is to prevent the 'additional info for the withrawal process' type of delays being implemented. Sometimes this extra info requirement 'possibility' is mentioned in the Terms & Conditions small print, so if you complain they'd just say that you ticked the box agreeing to it!

    I realise the above doesn't help you at this stage so I can only wish you luck.

    You say they've "drained your account" down in the meantime. How is that?
     
  5. Barrel Head

    Barrel Head Private

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    Drained the account on eztrader

    Player: The account manager put my account to zero because he said he was processing the withdrawal and couldn't process it without taking the withdrawal amount out of the account (which was the entire balance). Makes sense to me. But that was on March 7th and I still don't have a credit issued to my Visa card. I did get a check for the amount over and above my initial deposit to fund the account. I hadn't planned on closing the account I just needed money to pay my taxes. But here I am still owed my initial deposit of $1,000. I asked him why he couldn't just send it all in one check and he said because of money laundering. Laundering one thousand dollars? I have copy and pasted emails I've received from the complaint department at my Visa company and sent them to the account manager but he seems not interested at this point. I was referred to eztrader by Steve Hoven who is a reputable forex trader, I believe. I've tried to apply some pressure onto Steve to help out but he hasn't gotten anywhere. Steve Hoven identifies himself as an eztrader "larger affiliate." I suppose that means he gets a commission on the action from clients he refers. I don't have a problem with that.
     
  6. Boko Maru

    Boko Maru Sergeant

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    Never heard of these guys, so checked their website. Apparently they are in the US and are a broker for equities/options? If that's the case, they are surely under the jurisdiction of the CFTC.

    Get tough with these bastards. Tell them they have until whatever date to get your money into your hands. If they fail to do so, you'll be filing a complaint with the CFTC. Then if they fail, DO IT!!

    I'd call the CFTC, and also the New York (where I think they're based) state consumer protection office of the Attorney General. Ask them to either investigate, or have someone from their office call the broker or send them a letter. A nasty letter from the CFTC will probably have the magical effect of getting your money back fast, especially in this Madoff, Goldman Sachs getting sued, etc. era we're in.

    Bottom line, stop playing nice; that will get you nowhere with these bastards. Threaten to put the screws to them, then follow up with ACTION if you don't get your money...whatever you do, don't just take this lying down without putting up a fight.

    Also, "Steve Hoven" (whoever that is) absolutely bears responsibility here. If he's a referring agent, he's probably also regulated. Threaten his ass as well!! Let him know this is unacceptable, and you expect him to take some action or you'll register your complaint against him with the CFTC (or wherever he's regulated). All of this may take some time and research on your part, but I'd say it's worth it.

    Best wishes, and let us know how it goes if you can...
     
  7. Boko Maru

    Boko Maru Sergeant

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    Hey just an update...for some reason this piqued my interest :), so I actually just had a live chat with them for fun. They are in Cyprus, not the good 'ol USA unfortunately. So, that makes it more difficult to do anything most likely.

    Best bet is probably the FPA scam process...just make a few more posts, and you'll get to Private and be all set. I imagine they can help you, as they have many others...best wishes again.
     
  8. Barrel Head

    Barrel Head Private

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    Boko Maru

    I really appreciate your effort. I chatted with them again today and they say their refund journal shows that they were charged for it when my credit card company says no refund was issued. So it just keeps going back and forth with no one looking out for me, the customer. It seems to me that my best bet is with FPA. I have threatened Steve Hoven of fomcsystem.com and all of the above say they just can't believe this because it has never happened before. In the meantime, I wait. Supposed to get a call tomorrow from Eztrader.
     
  9. Boko Maru

    Boko Maru Sergeant

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    Sorry for your troubles there; I think FPA can probably help. I see you just got upgraded to "Private" also :), so at least you can proceed with that now.

    I guess you could also look at asking the Cyprus regulatory body for help, but no idea if that would go anywhere. The guy I chatted with made the point to me that they are all Americans there, but they operate in Cyprus so they don't have to ask for people's social security numbers. Not sure what the heck that meant.

    Well good on you for taking action either way, and do let us know how it turns out!
     
  10. Pharaoh

    Pharaoh Colonel

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    Ask them for the transaction number or some other proof. Also, start a chargeback against them if they can't provide this info immediately.
     

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