GUILTY Case# 2013-126 | Vincenzo De Camillis vs www.4XP.com

Based on the available evidence, do you believe that 4XP.com is guilty?

  • Guilty

    Votes: 87 100.0%
  • Not Guilty

    Votes: 0 0.0%

  • Total voters
    87
  • Poll closed .

Bob4rex

Private
Messages
23
I don't think they have a financial crisis......their intention is to SCAM, I think that's pretty obvious. Again I say lets put them out of business for good.
 

Dermolikesprofit

Sergeant
Messages
158
4XP had a brief stint several years ago as a UK FSA regulated firm, before deciding to discontinue its licensing there (the firm is included in the FSA’s list of brokers receiving warnings from foreign regulators). They have been scamming people for way too long now, time to put them out of business. SCAM.
 

Obwan

Recruit
Messages
2
I had a similar experience after submitting a withdrawal request. I was issued by 4xp the following statement on 21 Oct 2013:
Dear valuable client,
Forex Place Limited (the "Company"), hereby notify you as follows:
The Company has received an immediate and surprising cease order, issued by the British Virgins Islands FSC, ordering the Company to cease its trading services operation. The Company has applied to the FSC against the order, and is considering other legal venues to renew its operations.
Due to the above order, banks and other financial institutes have frozen the Company's accounts. Furthermore, the Company's funds with liberty Reserve have being frozen as well, due to the procedures filed against Liberty Reserve and its officers.
As mentioned above, The Company is making efforts and taking actions as necessary in order to have the FSC order cancelled, and negotiates with its banks to have its Accounts reopened. According to professional legal advice provided to the Company, such actions shall take a few months at least. In the meantime, the Company must honor the order.
Due to the above, the Company is currently unable to process deposit and withdrawal requests, until further notice. The Company hopes such notice shall not take long.
As you well know, the Company has always been proud of its honesty and integrity. The Company trust that you understand that the events are beyond our control and cooperate with the Company's efforts, and we regret any inconvenience caused.
 

Master Yoda

Captain
Messages
2,929
I had a similar experience after submitting a withdrawal request. I was issued by 4xp the following statement on 21 Oct 2013:
Dear valuable client,
Forex Place Limited (the "Company"), hereby notify you as follows:
The Company has received an immediate and surprising cease order, issued by the British Virgins Islands FSC, ordering the Company to cease its trading services operation. The Company has applied to the FSC against the order, and is considering other legal venues to renew its operations.
Due to the above order, banks and other financial institutes have frozen the Company's accounts. Furthermore, the Company's funds with liberty Reserve have being frozen as well, due to the procedures filed against Liberty Reserve and its officers.
As mentioned above, The Company is making efforts and taking actions as necessary in order to have the FSC order cancelled, and negotiates with its banks to have its Accounts reopened. According to professional legal advice provided to the Company, such actions shall take a few months at least. In the meantime, the Company must honor the order.
Due to the above, the Company is currently unable to process deposit and withdrawal requests, until further notice. The Company hopes such notice shall not take long.
As you well know, the Company has always been proud of its honesty and integrity. The Company trust that you understand that the events are beyond our control and cooperate with the Company's efforts, and we regret any inconvenience caused.

That's a lie!

This issue is since June. It should not effect clients money which is not held in BVI banks.
 
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