GUILTY Case# 2015-158 | Benny Tay vs coliseumfx.com

Based on the available evidence, do you believe that ColiseumFx is guilty?

  • Guilty

    Votes: 62 100.0%
  • Not Guilty

    Votes: 0 0.0%

  • Total voters
    62
  • Poll closed .

Benny Tay

Recruit
Messages
10
Original FPA Traders Court Submission:

I am submitting the case against: www.coliseumfx.com/

My Case is: I'm just being scammed by Coliseumfx. This guy blown out 96% of my USD 10k plus investment account with him under his so-called 'Manage Account' by asking me to send him my MT4 account password & user ID and he will get my account set up.

On 24 August 2015, Coliseumfx has sent me an email to inform me that he needs me to get the password from my broker, he didn't mean to change my password and now he can't close my account down. (he has forgotten the password that he has changed previously) and this was the 2nd times he ask me to reset the password. I did what he has instructed and gave him the new reset password by my broker and Colisuemfx did acknowledge when he received my new password.

Funny thing is, when my account was blown out due to his negligence, he said that he can't help me out on this because the issues on my account was not caused by him, but he is the one who managing my account all this while. And he is the one and only one who can open & close all trades so freely for all this while for my account, if he didn't access my account, who is the fellow that login to my MT4 account & opened 6 trades that all making losses on 24 Aug 2015? I have all the proof with me, how can he deny? If every clients of him including himself are making loss trades on 24 Aug 2015, i won't be blaming anyone but the truth is, he claimed he is making 12% profit on his newsletter sent to all of his clients on 24 Aug 2015 while my account was wipe off just in a few minutes with all the 6 trades he has created for me. This obviously has got to do with him and the loss trades created are all caused by his negligence .

When I confronted him in my email, Coliseumfx did not reply to my email despite i'm panicky sending him multiple emails, probably because he knew that it was his fault that he forgot to reset my password on his VPS. And I strongly believed that this is the reason why he did not want to reply to my email to solve the problem.

New thread in the Scam Alerts Folder:

Review is submitted by Benny Tay on 08/25/15

The company was first contacted about the issue on 08/24/15 the last contact was on 08/31/15

Details: Hi Benny,

The issue on your account was not caused by me and I can't do anything to help you.

Sorry.

Company representatives' emails: Coliseumfx <coliseumfx@gmail.com>

 

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Pharaoh

Colonel
Messages
20,046
First and foremost, contact Global Prime compliance. Let them know which trades were placed by an improper "account manager" so that they can get the IPs and hopefully block this company.
 

Benny Tay

Recruit
Messages
10
I've send Global Prime an email to check the IP address, but what is purpose to block his IP address?
 

Benny Tay

Recruit
Messages
10
This is the same IP that was trading on my account the week previous to these trades ie below trade was on 17/08/2015


2015.08.17 09:03:44.660173.228.129.138 '929182': market sell 0.25 GBPCAD sl: 0.00000 tp: 0.00000 (2.05481 / 2.05504)

2015.08.17 09:03:44.660 '10': request from '929182' (sell 0.25 GBPCAD at 2.05481 sl: 0.00000 tp: 0.00000)

2015.08.17 09:03:44.960 '10': confirm '929182' sell 0.25 GBPCAD at 2.05481 sl: 0.00000 tp: 0.00000 (2.05481 / 2.05505)
 

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Pharaoh

Colonel
Messages
20,046
You need to let Global Prime know that these trades are being done by someone who is violating their rules. He may be trading the accounts of dozens of other people.
 

Benny Tay

Recruit
Messages
10
Hi Pharaoh, i've already informed them, hope I can save others traders, thanks for your advices.
 
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