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GUILTY Case# 2012-040 | autt86 vs www.ecnprofx.com

Discussion in 'Guilty Verdicts' started by autt86, Apr 27, 2012.

?

Based on the available evidence, do you believe that ECNProFx.com is guilty?

Poll closed May 20, 2012.
  1. Guilty

    68 vote(s)
    100.0%
  2. Not Guilty

    0 vote(s)
    0.0%
  1. autt86

    autt86 Private

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    Original FPA Traders Court Submission by autt86:

    I am submitting the case against: www.ecnprofx.com

    My Case is: I had 2 accounts with ECNPROFX –

    502383 Classic account – total in account over $100k

    503022 ECN account. – total in account - $43 211.87

    To this day I still not received my withdrawal and my initial deposit from ECNPROFX
    I received an email from ECNPROFX on 15/01/2012 to inform me that both accounts were shut down due to Toxic trading.
    “Sorry to inform your, our bank detect your account as a toxic, because of trades you did.
    Because of that we have to disabled your account temporarily until we get approval from the bank.
    Our funding manager try his best to solve about this issue with bank officer.

    Once again sorry for the inconvenience.”

    I explained to ECNPROFX I am using a high speed scalper EA that is privately developed by professionals – Million Dollar Pips EA. According to ECNPROFx terms of service they allowed scalping EA s, there is No resrictions.

    A Mr SP Chanthru had emailed me back and explained.

    We have got a freeze condition on your account as it is a TOXIC Account . We have the request to the bank and we will only get the approval by this Friday. Upon approval we will have to change your group to Toxic trade group and then you will be able to start trading as per normal. Remember we are not Market Maker therefore we must follow the protocol by our Liquidity Provider to ensure all clients trades and fund are safe.

    Most likely you will able to start back trading on Wednesday.

    Should you have any queries relate to this matter do not feel hesitate to contact me directly.

    Regards

    SP Chanthru

    My account was back up and running on 29/01/2012 and I had continued trading as normal, Mr Sp Chanthru wanted to know my trading style therefore discuss a mutual benefit for me to continue trading.

    “How are you doing I hope you are fine . I need to discuss with your good self about your trading style for a mutual benefit. Please do let me know your best time to chat with via SKYPE”

    He had given me two options – 1st Option was to withdrawal my funds and ECNPROFX will pay in full and stop trading with them. 2nd option was to continue trading but not surpass 30% a day. The information he was telling was breaking the regulated law, I have a conversation script that shows Mr Sp Chathnru instructing me what to do word by word onto how he can help me as an insider at ECNPROFX.

    I had agree to continue trading by not surpass the 30% a day, but on the 1/3/2012 both account once again was closed but this time with no explanation.

    Mr Sp Chathnru does not reply to my messages and the website seems to be shutdown.

    I ask for help of traders community how to solve this issue.

    New thread in the Scam Alerts Folder:
    www.forexpeacearmy.com/forex-forum/scam-alerts-folder/19833-ecnprofx-website-shut-down-no-answer.html

    Review is submitted by autt86 on 04/26/12

    The company was first contacted about the issue on 01/16/12, the last contact was on 04/17/12

    Details: ECNPROFX Tue, 17/4/2012 07:25:44 pm
    Hello
    MR Chanthru is not around however i knew abt this case and in the system your Initial Deposit has ben Approved but as a retail client you have all the right to perform any legall related matter how may ia ssits you with this just pass your msg ?
    andrew Tue, 17/4/2012 07:28:40 pm
    how can you help
    ?
    ECNPROFX Tue, 17/4/2012 07:29:23 pm
    Mr Chanthru is the authorised person for your case
    andrew Tue, 17/4/2012 07:29:48 pm
    i know he is.. thats the problem.. he doesnt reply back to my messages.. what does that say?
    ECNPROFX Tue, 17/4/2012 07:29:49 pm
    However he personally has put a pending to this matter after approval by the complinace
    only your initial deposit plus some trading profit
    andrew Tue, 17/4/2012 07:30:21 pm
    i have emailed him , whatsapp him
    ECNPROFX Tue, 17/4/2012 07:30:27 pm
    should be released to you
    andrew Tue, 17/4/2012 07:30:35 pm
    some trading profits?
    how much
    ECNPROFX Tue, 17/4/2012 07:30:38 pm
    but the management has stopped your profit
    andrew Tue, 17/4/2012 07:30:38 pm
    ?
    what he has done is breaking the law..
    ECNPROFX Tue, 17/4/2012 07:31:04 pm
    therfore Mr Chantrhu has appeal for the decission
    who break the law?
    andrew Tue, 17/4/2012 07:31:24 pm
    i am sure the financial crimes police would like to hear about this
    ECNPROFX Tue, 17/4/2012 07:31:59 pm
    oh great as i say as a retail clinet you are always welcome to perform that
    but what i can see in the system is all remark from MR Chanthru is favarouble for you !
    hmmm
    andrew Tue, 17/4/2012 07:32:53 pm
    so how come he does not reply?
    to my messages..
    ECNPROFX Tue, 17/4/2012 07:33:11 pm
    he wont be working till next Monday
    andrew Tue, 17/4/2012 07:33:16 pm
    3 weeks he hasnt reply to my messages...
    ECNPROFX Tue, 17/4/2012 07:33:56 pm
    He is hospitalised for some reason
    which i am not sure as well
    andrew Tue, 17/4/2012 07:34:17 pm
    ok that fine..thanks for the information
    when you said initial deposit plus some trading profit
    how mucg trading profit
    because i made alot
    in my trades
    ECNPROFX Tue, 17/4/2012 07:35:39 pm
    i ont have the access but i have the remarks for withdrawal thats all
    andrew Tue, 17/4/2012 07:36:22 pm
    ok, thats no problem.. can you pass the message to him or his department.
    ECNPROFX Tue, 17/4/2012 07:36:28 pm
    sure will do now
    andrew Tue, 17/4/2012 07:36:44 pm
    i give him 1 week to sort everything
    he had ask for my liberty reserves account
    ECNPROFX Tue, 17/4/2012 07:37:17 pm
    as i say u hav all the right to do any compliant agiants us
    andrew Tue, 17/4/2012 07:37:46 pm
    thanks for the tip.
    ECNPROFX Tue, 17/4/2012 07:37:51 pm
    :)
    is there anything i can help you with
    andrew Tue, 17/4/2012 07:38:28 pm
    no. thanks..

    Company representatives' emails:
    Chanthru <sp_chanthru@ecnprofx.com>

     
  2. Pharaoh

    Pharaoh Colonel

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    The website is down. Yo AsstMod! Can you try to contact the broker?
     
  3. Romeo

    Romeo Sergeant

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    Being realistic, I don't think they are reachable!
     
  4. autt86

    autt86 Private

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    thank you for your help,

    ECNPROFX website seems to be shut down but they seem to be still in operation, the ECNPROFX twitter page seems to be still updating and also the facebook page : Twitter

    i also have his mobile number

    +61402757945
    +60102171368
    +60108255890
    +8613113962987
     
  5. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    I've just emailed ecnprofx to see if I can get a response from them.
     
  6. autt86

    autt86 Private

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  7. Pharaoh

    Pharaoh Colonel

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    Looks like it's back down again.
     
  8. autt86

    autt86 Private

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    no the website works, i can even log in to my logging page on the site.
     
  9. Pharaoh

    Pharaoh Colonel

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    I see the problem - With www. in front, the site isn't working. Without www., the site works.
     
  10. Romeo

    Romeo Sergeant

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    Do they have any explanation, why they are online only Mondays and Thursdays?:D
     

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