After i became a victim, i can now see the way this scammer broker Andrew Grace at GTPcapital do their modus operandi. After going through Tesler advert registration and then Tesler introducing me to GTPcapital as my broker.
1st step: £250 initial deposit - broker will show off how profits is gaining because of his calculating skills, showing off his a reliable broker.
2nd step: £500 additional (May 10, 2017) - then broker will entice you with more funds by promising that he will put his own money but actually that was the bonus. Broker will then say, he will use his own money (the bonus) to prove to you that he can really get you profit by first using his own £500 (which is the bonus) in the trading, and if he can't keep his promise of gaining profits, broker will assure you, that you can withdraw all your £750 both the initial deposit and second deposit.
3rd step: £1000 additional (May 15, 2017) - then broker will entice you with more funds by showing off that your £750 is gaining in the platform, this stage he will build your trust by showing off that withdrawal is easy and quick process, only 2-3 days. After withdraw on my £1000 back to my bank card. Broker will then move on to the next stage.
4th step: £2000 additional (May 18, 2017) - broker will again entice you with more funds by promising this time he will also return the £2000 the same process withdrawal on what he did on the £1000 withdrawal. As usual the broker will continue to show off profits are gaining and only few losses. As you can see in my trading history screenshot in just one month May 8 to June 7, 2017, i have 40-trades and only 5-losses.
5th step £10,000 additional (May 23, 2017) - broker knows i expected the withdrawal of the £2000 as he promised the same process on the £1000, for the only reason i made those deposits is for gaining and piling up profits as we both agreed, so i can avoid using bank cards as possible in the future.
But before i get the chance of withdrawing the £2000 as promised, here's how the big scamming takes place, the Broker will start talking about
insured trading,
broker will then explain he can put my funds in an insured millionaire group of traders where funds are safe because it is insured and whether trading gained profits or loss, broker promises that funds will be recovered for withdrawal after trading. Brokers calls me daily for trading over the phone, but i am still glad i managed to screenshot all these discussions in Skype for these scammers are more trained in phone than putting their promises in writing. On this stage broker will also promise to return my money in specific dates as you can see in my screenshots below.
May 25, 2017 broker promise to return my funds (£12,750) on June 6, 2017 confirming
answering "Ok"
6th step: £10,000 additional (June 6, 2017) - after all the successful gaining profits in previous trading, this time now all my deposits is sitting at £12,750 the trading was unsuccessful on this stage. I was about to withdraw after trading loss, because as broker promised last May 22, 2017 withdrawal will still take place in case loss. Broker also answered last May 25, 2017 confirming "Ok" withdrawal will take place on June 6, 2017 after trading ended whatever the outcome. But when i was about to withdraw £13,000 , broker started talking about a
24-hour insured trading that i only needed to wait 1-day on this trading which he targeted profits amounting to to £67,000-£68,000 if we win. And broker said we have to take this opportunity because this only happens twice a year. But this time it required £38,000 to join on this
24-hour insured trading. I only have £23,551 in my account with all the profits and
i can only add £10,000 this time for all my cards were already max-out. So now my platform is sitting £33,551 then broker offered a bonus £4,449 to make it to £38,000 (evidence on the platform as broker put those bonuses). Broker promised that if this trading ends, i only need to wait 1-day and withdrawal will take place to pay off all my credit cards as promised since May 22, 25 and June 6, 2017.
June 7, 2017 - Trading ended with profits and now my platform is sitting £67,640. When i was about to withdraw, broker said i can not withdraw, because the account got locked because he
uses my funds by continuing trading without my permission and now account balance haywire up to £125,070.53.
June 7, 2017 Broker also put Margin loan without my permission and i was told by the broker he can only liquid my account and process my withdrawal if i pay the margin loan he put which was £15,430. I told the broker i have no more money to pay this margin loan and it's not my fault you did this to my account. Broker was trying to convince me that because we discussed piling up profits last May 23, 2017, he said he took the opportunity to bring my account up to £125,070.53, but
getting the account locked is not part of the plan. I did not know during that time, broker was still scamming me with more money.
Broker wanted me to pay this margin loan through wire transfer, Andrew message me in Skype and emailed me the wire transfer bank address. Broker said even just covering margin loan for £12,000 out of the £15,430, but i kept insisting my cards are all max-out as he promised withdrawal today June 7, 2017 and did not tell me about this plan he is putting margin loan on my platform the same day my trading ended and using my funds without my permission too.
I said to the broker Andrew Grace, i don't know how to do that wire transfer, so broker decided to make a separate euro account for me converting the margin loan £15,430 to 16,000 euros which was paid on June 7 to 9, 2017.
June 7 to 9, 2017 - i struggle to find payment for this margin loan but i needed to pay all my debts, i was force to loan in my bank and get this margin loan paid. But during this time i did not know that
even if margin loan got paid, this broker has no plan of releasing my withdrawal. So my withdrawal was just sitting "waiting" on June 8 and 12, 2017. Until i decided to
report GTPcapital to UK Police fraud on June 12, 2017 for GTPcapital was no longer responding either i call the broker or even their support office. Tried to email them, messaging them in the platform chat-box, still no response at all.
(to follow, next platform screenshots i will show how broker change story and gave me another excuse why my withdrawal was still not being process after they took my payment for the margin loan £15,430 converted to 16,000)
After fully paying the margin loan on June 9, 2017, i waited for the broker from June 9 to 20, 2017 (11-days wait) to process my withdrawal but on June 21, 2017 here's another excuse i will hear from the broker, during this time i did not know broker has actually have more plans to get more money from me instead of processing the several false promises of my withdrawal ---> to follow..