Original FPA Traders Court Submission:
I am submitting the case against: NEWTRADEFX.COM
My Case is: My name is Samuel soon.
I was defrauded with lies that they are FCA regulated into depositing 3 times to a total of USD$6500.00 from early February 2015 to mid 2015 with empty promises from Alison Lloyd that if l open account with them, they would provide free legal service to recover my fund from Prime FMS within weeks and would refund my deposits even there is a loss if unsuccessful. Waited for one year and when l request to close my account and refund my deposit Alison started to twist and turn to give excuses. Subsequently they manipulated my account to wipe out my equity and hours later re-instated with considerable losses on November 24th 2015. Initially she denied manipulation. When l could not log on to my account somewhere in mid December, l email her the screenshots that they manipulated on December 28th, she later replied will refund my deposit with condition not to expose and say negative things about newtradefx in Forex peace army forum which l agreed.
Waited for weeks and multiple emails with no reply, l gave dateline or else will report to police, FCA,CYSEC, FPA, FOREX Factory and go viral on website. She threaten to take legal action against me for extortion and blackmailing them.
Since l could no longer log on to my account to trade. l submitted withdrawal and they refuse my withdrawal and refund.
This BROKER is definitely a FRAUD and SCAM with the following violations:
1) Misrepresented that they are FCA registered and covered by Capital Market Services UK ltd which is a lie.(there are document proof of their claim)
2) Refused withdrawal, closure of account and honouring refund as promised.(with document proof)
3) Manipulation of account. (with screen shot document proof)
l had attached a PDF files to explain in more details in the Scam Alerts Folder posting
Please help.
My trading account no: 1553
New thread in the Scam Alerts Folder:
Review is submitted by Samuel soon on 02/19/16
The company was first contacted about the issue on 10/16/15 the last contact was on 01/26/16
Details: Alison Lloyd agreed to refund my deposits in 2016-01-07 after l gave proof in December 2015 that they manipulated my account on 24 November 2015 but they kept delaying the refund until l gave a dateline and she said in her mail on 2016-01-18 that she is not allowed by legal department to contact me anymore pending legal action against me for extortion and blackmailing. AND on 2016-01-22 Larry Kaning from legal department called me and wanted proof document that Alison Lloyd had promised to refund my full USD$6500.00 deposits. After given proof documents, no reply from them anymore.
Company representatives' emails: Alison Lloyd <Alison.llyod@newtradefx.com>
Larry Kaning <larry.kaning@newtradefx.com>
Dean Price <dean.price@newtradefx.com>
I am submitting the case against: NEWTRADEFX.COM
My Case is: My name is Samuel soon.
I was defrauded with lies that they are FCA regulated into depositing 3 times to a total of USD$6500.00 from early February 2015 to mid 2015 with empty promises from Alison Lloyd that if l open account with them, they would provide free legal service to recover my fund from Prime FMS within weeks and would refund my deposits even there is a loss if unsuccessful. Waited for one year and when l request to close my account and refund my deposit Alison started to twist and turn to give excuses. Subsequently they manipulated my account to wipe out my equity and hours later re-instated with considerable losses on November 24th 2015. Initially she denied manipulation. When l could not log on to my account somewhere in mid December, l email her the screenshots that they manipulated on December 28th, she later replied will refund my deposit with condition not to expose and say negative things about newtradefx in Forex peace army forum which l agreed.
Waited for weeks and multiple emails with no reply, l gave dateline or else will report to police, FCA,CYSEC, FPA, FOREX Factory and go viral on website. She threaten to take legal action against me for extortion and blackmailing them.
Since l could no longer log on to my account to trade. l submitted withdrawal and they refuse my withdrawal and refund.
This BROKER is definitely a FRAUD and SCAM with the following violations:
1) Misrepresented that they are FCA registered and covered by Capital Market Services UK ltd which is a lie.(there are document proof of their claim)
2) Refused withdrawal, closure of account and honouring refund as promised.(with document proof)
3) Manipulation of account. (with screen shot document proof)
l had attached a PDF files to explain in more details in the Scam Alerts Folder posting
Please help.
My trading account no: 1553
New thread in the Scam Alerts Folder:
Review is submitted by Samuel soon on 02/19/16
The company was first contacted about the issue on 10/16/15 the last contact was on 01/26/16
Details: Alison Lloyd agreed to refund my deposits in 2016-01-07 after l gave proof in December 2015 that they manipulated my account on 24 November 2015 but they kept delaying the refund until l gave a dateline and she said in her mail on 2016-01-18 that she is not allowed by legal department to contact me anymore pending legal action against me for extortion and blackmailing. AND on 2016-01-22 Larry Kaning from legal department called me and wanted proof document that Alison Lloyd had promised to refund my full USD$6500.00 deposits. After given proof documents, no reply from them anymore.
Company representatives' emails: Alison Lloyd <Alison.llyod@newtradefx.com>
Larry Kaning <larry.kaning@newtradefx.com>
Dean Price <dean.price@newtradefx.com>