FxTrader61
Private
- Messages
- 30
Hey Guys,
I am here to introduce a big SCAM broker : FigFx.com,
they found a new way in forex market to legally SCAM their clients,
I Congratulate them, they are intelligent in this way
What am I speaking about? It is called Paragraph #27,
The story is : the FigFx.com has a paragraph in their Terms and Conditions that says :
"FIG Solutions must receive an original signed copy of the entire Customer Account Application and Customer within seven (7) days of completion of the online Customer Account Application. If FIG Solutions does not receive the Customer Account Application and Customer Agreement with original signatures, FIG Solutions reserves the right to liquidate any Open Positions in the Account and to close the Account. In such cases, the client will be eligible for a full refund of his invested capital within 14 business days as of the date of account closure."
and it is just here and you can not find any notification about this anywhere else in
their account information email or in verification section of their member area, now you
can easily guess what will happen: most of clients never read the TOS ( because they
knew brokers TOS is usually the same otherwise they inform us about that) so they do not
send this documents to the broker so figfx may close their account legally,
But if you are a looser trader don't be worry this paragraph is not for you, you can
continue your loosing and FigFx helps you in this way by adding you %100 bonus and
there is no matter if you never send this documents.
but if you are a winner trader unfortunately I must say this is for you and you never
can see your profits in your hand, FigFx will remove them easily.
Don't you congratulate FigFx for their intelligence in SCAMMING ?
The questions are :
1- If FigFx is not SCAM and really there is a need for this signed agreement, why they
do not notify for this anywhere else?
2- If there is a need for this, why in the verification section of their website they don't
ask client to send this too?
3- why if a client is looser there is never any need for this and he can continue as long as he wish?
4- why after 7 days they close client account? they can disable his account and
ask him for this document!?!!
Dear traders, if you are a winner trader or willing to be, stay away from this broker
because a broker with such a rule always is ready to do something with your profit.
I have currently a $2500 account with FigFx and they closed my account,
no matter they will pay me or not this paragraph is a way for Scamming traders
and they should change their way, I don't like other traders face this issue like me.
Regards,
I am here to introduce a big SCAM broker : FigFx.com,
they found a new way in forex market to legally SCAM their clients,
I Congratulate them, they are intelligent in this way
What am I speaking about? It is called Paragraph #27,
The story is : the FigFx.com has a paragraph in their Terms and Conditions that says :
"FIG Solutions must receive an original signed copy of the entire Customer Account Application and Customer within seven (7) days of completion of the online Customer Account Application. If FIG Solutions does not receive the Customer Account Application and Customer Agreement with original signatures, FIG Solutions reserves the right to liquidate any Open Positions in the Account and to close the Account. In such cases, the client will be eligible for a full refund of his invested capital within 14 business days as of the date of account closure."
and it is just here and you can not find any notification about this anywhere else in
their account information email or in verification section of their member area, now you
can easily guess what will happen: most of clients never read the TOS ( because they
knew brokers TOS is usually the same otherwise they inform us about that) so they do not
send this documents to the broker so figfx may close their account legally,
But if you are a looser trader don't be worry this paragraph is not for you, you can
continue your loosing and FigFx helps you in this way by adding you %100 bonus and
there is no matter if you never send this documents.
but if you are a winner trader unfortunately I must say this is for you and you never
can see your profits in your hand, FigFx will remove them easily.
Don't you congratulate FigFx for their intelligence in SCAMMING ?
The questions are :
1- If FigFx is not SCAM and really there is a need for this signed agreement, why they
do not notify for this anywhere else?
2- If there is a need for this, why in the verification section of their website they don't
ask client to send this too?
3- why if a client is looser there is never any need for this and he can continue as long as he wish?
4- why after 7 days they close client account? they can disable his account and
ask him for this document!?!!
Dear traders, if you are a winner trader or willing to be, stay away from this broker
because a broker with such a rule always is ready to do something with your profit.
I have currently a $2500 account with FigFx and they closed my account,
no matter they will pay me or not this paragraph is a way for Scamming traders
and they should change their way, I don't like other traders face this issue like me.
Regards,