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forexmanaged.co.uk and Greystone Forex

Discussion in 'Scam Alerts' started by Darren52, Aug 12, 2013.

  1. Darren52

    Darren52 Recruit

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    This website is apparently an affiliate for Greystone Forex official name Greystone Capital Ltd. I recently opened a managed account with them based on the information on the very well presented website. By the end of the month (July 2013) they had lost 95% of my investment before I pulled the plug on them to save the last few dollars. However on the website they have posted that the July loss was only 7.1%!
     
    #1 Darren52, Aug 12, 2013
    Last edited: Aug 14, 2013
  2. Pharaoh

    Pharaoh Colonel

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    Was there an LPOA? If so, what trader/company was on it?
     
  3. Darren52

    Darren52 Recruit

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    The LPOA was via SynergyFX and Greystone Forex was the name on the form, apparently forexmanaged.co.uk is an affiliate but with no addresses or full names of personnel for either company its hard to say exactly what the setup is. Going with these guys was not one of my better decisions.
     
  4. Pharaoh

    Pharaoh Colonel

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    SynergyFx is just the broker. Do report the issue to them. Many brokers will block the worst account managers since those people can damage the broker's reputation.

    Can you post a copy of the LPOA? Edit it forst to cover your name, account number, and signature.
     
  5. Darren52

    Darren52 Recruit

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    I have reported to SynergyFX , they have recommended other managers but have not said they will block these guys. Just looking ot the LPOA the actual company name is Greystone Capital Ltd.
     
  6. Pharaoh

    Pharaoh Colonel

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    It's disappointing that Synergy won't ban account managers who blow out client accounts.

    If Greystone is the one on the LPOA, that makes then responsible for the trading.
     

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