ruseneca
Master Sergeant
- Messages
- 348
Have a read of it, I will paste paragraph 5 of chapter 11 of their terms and conditions here:
"Withdrawals of profits will only be processed when 20 trades or volume in the amount of the 10 times the deposit amount (trades volume must then be greater than the deposit value), the greater in sum of volume of the two, are performed. Failure to execute this amount of trading will render the account as fraud, an attempt at fraud, or otherwise nullifies gains."
Another restriction - you're only allowed to withdraw from your account once per month. There's a $10 + 12% to withdraw from accounts deemed inactive for a month plus $10 + 12% + $25 for accounts deemed inactive for 3 months. Of course this all contradicts paragraph 5 (pasted above in red) which says your profits are forfeited after 3 months and you're deemed to be a money launderer. Will they still give you back your initial deposit minus $25 + $10 + $12 + 1.2% etc? Basically once you've deposited your money it's their money and you'll have to grovel in order to get any back and if you're lucky you'll get something back minus all the above charges. Seriously, would any money launderers be stupid enough to deposit money with these scammers? I doubt it.
Why someone don't ask them whether they operate as illegal casino operator 'cause "you must place 20 trades in X volume" is a casino term which is used to reduce casino's operational risks. Perhaps they like to call everyone "scammer", "cheater" and "money launderer" and sue every client ( or at least they claim to do that, in fact they don't! ).
I am really wondering what a trader would risk $200 by depositing with them.