Original FPA Traders Court Submission:
I am submitting the case against: www.fxsystems.com
My Case is: I opened an account with 1lotstp.com which is part of FX Systems. (1 of the 5 companies held). I opened numerous trades, some low risk and some high risk, and after I decided to make a withdrawal request I received an email from them that my account is suspended for 3 months, and is taken to legal and its under investigation. I tried to contact them without any reply, I opened a ticket and was waiting for numerous days. After I contacted their online support, they answered me that either I accept to lose all my profits and get a refund of my initial deposit, or my account will remain frozen until they investigate my trades (3 months) and lose my initial deposit. I replied to them how is my account alerted for arbitrage, if I made a withdrawal request of only 60% of my total equity, keeping 40% inside to keep on trading, where the bonus is lost with any withdrawal requests been made? Why is my account frozen for 3 months? What are they investigating? If they do not want high risk trades then remove the high leverage that you provide. Is high risk trading. They would not reply from then on my emails nor my ticket. I decided to make a complaint to their regulators which state that they are under, Nevis, and Nevis replied to me that this company is not regulated under Nevis! So, basically they are not regulated at all and state false facts in their websites.
New thread in the Scam Alerts Folder:
Review is submitted by Charis Theocharous on 11/19/13
The company was first contacted about the issue on 10/28/13 the last contact was on 11/25/13
Details: My account is suspended for 3 months as it is under investigation for arbitrage. They can refund me my initial deposit and close my account. Or, if I continue to want my profits, they will investigate and respond to me in 3 months, and I could lose my initial deposit.
Company representatives' emails: Roxanne <forex.csuppt@gmail.com>
I am submitting the case against: www.fxsystems.com
My Case is: I opened an account with 1lotstp.com which is part of FX Systems. (1 of the 5 companies held). I opened numerous trades, some low risk and some high risk, and after I decided to make a withdrawal request I received an email from them that my account is suspended for 3 months, and is taken to legal and its under investigation. I tried to contact them without any reply, I opened a ticket and was waiting for numerous days. After I contacted their online support, they answered me that either I accept to lose all my profits and get a refund of my initial deposit, or my account will remain frozen until they investigate my trades (3 months) and lose my initial deposit. I replied to them how is my account alerted for arbitrage, if I made a withdrawal request of only 60% of my total equity, keeping 40% inside to keep on trading, where the bonus is lost with any withdrawal requests been made? Why is my account frozen for 3 months? What are they investigating? If they do not want high risk trades then remove the high leverage that you provide. Is high risk trading. They would not reply from then on my emails nor my ticket. I decided to make a complaint to their regulators which state that they are under, Nevis, and Nevis replied to me that this company is not regulated under Nevis! So, basically they are not regulated at all and state false facts in their websites.
New thread in the Scam Alerts Folder:
Review is submitted by Charis Theocharous on 11/19/13
The company was first contacted about the issue on 10/28/13 the last contact was on 11/25/13
Details: My account is suspended for 3 months as it is under investigation for arbitrage. They can refund me my initial deposit and close my account. Or, if I continue to want my profits, they will investigate and respond to me in 3 months, and I could lose my initial deposit.
Company representatives' emails: Roxanne <forex.csuppt@gmail.com>