GUILTY Case# 2017-004 | 4evermaat vs

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

  • Guilty

    Votes: 81 98.8%
  • Not Guilty

    Votes: 1 1.2%

  • Total voters
  • Poll closed .


2nd Lieutenant
Original FPA Traders Court Submission:

I am submitting the case against:

My Case is: Almost all the evidence is already in the scam alerts thread. But to summarize:

1) chart prices different than market watch/terminal prices, mainly to cheat clients. The chart price is always 1.3 pips better spread than what the trader will be executed at (0.6 bid, 0.7 ask). This creates instant slippage conditions where the client think the price is favorable, but when they go to trade from the chart or order dialog, they will be presented with a worse price. This is ON TOP of their already wide spreads.

2) withdrawals take longer than both industry avg and their own stated times. And I must contact them several times to 'make sure' they don't forget. It should not take longer than 1 business day for them to process the withdrawal (actually send it) from their end. Instead they wait and hope the client just forgets or will find some reason to claim that a compliance check is needed. Of course they cannot elaborate on what exactly the compliance check consists of.

3) their administrative staff almost exclusively operates out of Chicago, yet they claim Australian regulation. Nothing technically illegal about this....but they do not put forth the extra effort needed to meet Au business hour deadlines. Their problem, not mine or their clients.

4) Do not respond to client complaints with actual evidence. They can take the time to threaten or act childish, but

5) have yet to send a copy of the audited financial report. Their PDS (section 2, page 12 of 68), stated "...To allow you to assess the credit risk of the product, please request in writing a free copy of our audited accounts"
Sounds progressive, correct? Well until you wait several months and see compliance dept has no intention to actually send you anything. What has compliance and inDirectFx staff been busy doing?

New thread in the Scam Alerts Folder:

Review is submitted by 4evermaat on 12/20/16

The company was first contacted about the issue on 05/01/16 the last contact was on 01/01/17

Details: As far as I can tell, DirectFx staff are well aware of the situation, and choose to do nothing about it. I will attach the CEO's [Joe O'Mara] threatening response several months ago, and also the most recent communication a few days ago. If you think the email was rude, you should have been on the phone call (around July 22nd or so 2016, shortly after the email). The CEO I was basically told to go fak myself and that I wasn't wanted as a customer. I told him to just reply to each complaint via email and that he was not allowed to call any member of my household if he cannot do so with some manners. Note that I did not request a callback initially, the CEO called me without appointment. I figured if the CEO was acting like that, it would explain the non-sense answers or no answers at all that I was receiving from the lower level staff.

Jon Martin is a new contact that I have not heard from. Tim Brankin is also a new contact, but was referred to me from another industry contact that has made an attempt to reach out. But he does not have any new information to report, so it is still a dead end.

So what has DirectFx been doing all this time since they were first contacted about these issues?
[multiple choice:]
a) Attempting to disclose who their prime broker or prime of prime is.
b) Make mt4 chart prices in line with market watch prices, to minimize unfair pricing and confusion
c) List who their compliance officers are and how they handle complaints
d) Updating their Product Disclosure Statement (PDS) to remove the specific line that allows [prospective] clients a free copy of their audited financials.

Those who guessed "d)" have been paying attention to the pattern of deception. Quite a brazen bunch.

Company representatives' emails: DirectFx Support <>
DirectFx Compliance <>
Joe O'Mara CEO <>
Jon Martin <>
Tim Brankin <>



  • DirectFx SCAM 12 June 2016 free audited statements original request.png
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  • DirectFx SCAM 14 June 2016 free audited statements original request dfx response.png
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  • DirectFx bull**** email 21 July 2016 ceo finale -makes vulgar contact regarding complaints.png
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  • DirectFx bull**** final email that FPA scam alert has been issued 01-04 Jan 2017.png
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  • DirectFx SCAM Sept 2016 PDS update removal of free audited statements.png
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  • DirectFX Product Disclosure Statement.pdf
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As long as you keep it in dropbox, there's no need to do a direct upload.

I haven't looked at everything yet, but the differences between charts and the market watch window in your Scam Alerts thread are extremely strange.

You invited them to Scam Alerts already, right?
As long as you keep it in dropbox, there's no need to do a direct upload.

I haven't looked at everything yet, but the differences between charts and the market watch window in your Scam Alerts thread are extremely strange.

You invited them to Scam Alerts already, right?

yes, and in that invite letter, i copied to FPA forum@forexpeacearmy and testing also. i uploaded a screenshot in the first post. but here it is again I dont know how to embed court files as thumbnails :(

only the chart thing was suspicious? I do understand that you deal with clients who dont get their withdrawals at all, so it might appear to be relatively minor. But not processing the withdrawal in a day signals larger mismanagement of fundso_O

And of course they decided not to send the audited annual statements, which furthered my suspicions:rolleyes: And then they REMOVED the line about free audited statements from their PDS:eek:
Yo AsstMod! Looks like everything is in order for a formal FPA invitation to me. I know you're buried under other things, but I think this case needs one soon.
Have you heard anything back from DirectFx yet?

Not since the court case was initially accepted. The last email to support/compliance/joe o'mara was the invite to the FPA scams thread. The last reply was on 02 Jan as Joe invited a new person John Martin to do something. But nothing ever came of that. Nothing ever came of any of the previous emails.

A fx news blog reached out to a new dFx contact, Tim Brankin or something like that. But Tim didn't have anything new to report either :rolleyes: Here is the screenshot again from earlier:

Looks like this one's going to Open Cases as soon as AsstMod has another free moment.