mbreitfelder
1st Lieutenant
- Messages
- 623
Original FPA Traders Court Submission:
I am submitting the case against: www.porterfinance.com
My Case is: I have an issue, I have a brokerage account with Porter Finance and I was trading 4/30/16 the USD/JPY OTC and my trading winnings were $2.8 million USD. They took that money back due to a "system failure". Their vendor for their trading web site is XXXXX and they would not let any kind of "system failure" occur. I do believe that Porter Finance is lying to me in order not to pay out my winnings. There are several other traders in the USA who have had the same thing happen to them for their trades on that same day for OTC trades. One issue is that they didn't cancel all of the OTC trades for that day, they missed some on my account. I am very upset and Porter Finance has locked my account and won't let me trade. I can't get to anyone above their customer service people. I need to have my $2.8 million USD put back into my account to keep trading. I want to do good with this money and what Porter Finance has done me, as well as others here in the USA, I think, is wrong.
Also there is a string of companies and locations where things are. Porter Finance is in London and is owned by Oracle Stone LTD out of Mexico with one employee, a broker by the name of Eduardo Rodgriguez Cedillo, the trading platform is provided by Panda in the UK, the web site is built by Skyrunway.com out of Roseau, Dominica with their five servers being in Luxembourg. I have filed a complaint with the Fraud Action Department with the UK Police and have contacted Luxembourg, but I have to wait 30 days before they will act on anything.
New thread in the Scam Alerts Folder:
Review is submitted by mbreitfelder gnrlgus@gmail.com on 05/02/16
The company was first contacted about the issue on 04/30/16 the last contact was on 05/08/16
Details: This is one of about 100 contacts to and from Porter Finance, all saying the same thing...
Dear Mike,
Thank you for contacting the Porter Finance Customer Support Team.
OTC trading is trading according to other trades that are placed on the platform, not according to the market- as OTC trading is only available when the markets are closed.
We apologize for the misunderstanding the technical issue may have caused. Please note that all the OTC trades from last weekend were canceled, and the balance was brought back to the correct amount from before the weekend, for the trades placed during market hours.
Please feel free to contact us if you have any further questions.
Kind regards,
Diana Stevens
Porter Finance Customer Support
Company representatives' emails: Accounting<accounting@porterfinance.com>
I am submitting the case against: www.porterfinance.com
My Case is: I have an issue, I have a brokerage account with Porter Finance and I was trading 4/30/16 the USD/JPY OTC and my trading winnings were $2.8 million USD. They took that money back due to a "system failure". Their vendor for their trading web site is XXXXX and they would not let any kind of "system failure" occur. I do believe that Porter Finance is lying to me in order not to pay out my winnings. There are several other traders in the USA who have had the same thing happen to them for their trades on that same day for OTC trades. One issue is that they didn't cancel all of the OTC trades for that day, they missed some on my account. I am very upset and Porter Finance has locked my account and won't let me trade. I can't get to anyone above their customer service people. I need to have my $2.8 million USD put back into my account to keep trading. I want to do good with this money and what Porter Finance has done me, as well as others here in the USA, I think, is wrong.
Also there is a string of companies and locations where things are. Porter Finance is in London and is owned by Oracle Stone LTD out of Mexico with one employee, a broker by the name of Eduardo Rodgriguez Cedillo, the trading platform is provided by Panda in the UK, the web site is built by Skyrunway.com out of Roseau, Dominica with their five servers being in Luxembourg. I have filed a complaint with the Fraud Action Department with the UK Police and have contacted Luxembourg, but I have to wait 30 days before they will act on anything.
New thread in the Scam Alerts Folder:
Review is submitted by mbreitfelder gnrlgus@gmail.com on 05/02/16
The company was first contacted about the issue on 04/30/16 the last contact was on 05/08/16
Details: This is one of about 100 contacts to and from Porter Finance, all saying the same thing...
Dear Mike,
Thank you for contacting the Porter Finance Customer Support Team.
OTC trading is trading according to other trades that are placed on the platform, not according to the market- as OTC trading is only available when the markets are closed.
We apologize for the misunderstanding the technical issue may have caused. Please note that all the OTC trades from last weekend were canceled, and the balance was brought back to the correct amount from before the weekend, for the trades placed during market hours.
Please feel free to contact us if you have any further questions.
Kind regards,
Diana Stevens
Porter Finance Customer Support
Company representatives' emails: Accounting<accounting@porterfinance.com>