GUILTY Case# 2017-121 | mgmforex vs capxm.com

Based on the available evidence, do you believe that Capxm.com is guilty?

  • Guilty

    Votes: 55 100.0%
  • Not guilty

    Votes: 0 0.0%

  • Total voters
    55
  • Poll closed .

mgmforex

Private, 1st Class
Messages
32
Original FPA Traders Court Submission:

I am submitting the case against: www.capxm.com

My Case is: you can see more evidence with screenshots view this link :
http://www.forexpeacearmy.com/community/threads/capxm-scammed-me.50889/
Also please find the PDF attached
......................................................................................................................................


I am an institutional client and I am clearing my trades with CAPXM. I deposited big amounts of money several times since Jan. 2016. Recently, I faced many issues with their execution. The first issue is the negative balance. They're supposed to stop my losses at margin call levels, but they always leave it until it goes into negative territory... It happened several times with me and my clients as well. So, I ended up paying compensations to my own clients as a result of CAPXM's malpractices. The picture below is one of many examples since I started working with them.



The latest issue is withdrawing money. My master account equity was 34,161 USD on 6/June/2017. I requested to withdraw all of my balance. Attached below a screenshot of my account showing my equity details. After 24 hours, I found out that my account was liquidated and they sent me an email confirming that I will receive my deposit (11,800 USD) via Neteller (same deposit method) and the rest (22,361 USD as profits) will be sent via EHK (payment solution). Attached 3 screenshots showing sequence of events with CAPXM






After I found out that my account was liquidated, I asked about my withdrawal and they said the money was sent to an employee working at Shift Forex (Shift Forex is a consultancy company and they're my service provider, they're handling my MT4 bridge with CAPXM). Attached a screenshot from my Skype conversation with Brian Philips (CAPXM Owner), It confirms that he didn't send my money, He mentions that the money is already with Shift Forex employee. I believe it's illegal to send the money thru a 3rd party. I am working with CAPXM and I should get my money from CAPXM, not Shift Forex employee.



They told me that the money was sent to my IB (Shift Forex employee). I didn't sign any IB agreement with Shift Forex or CAPXM. It's well-known that the IB can't withdraw the client's money, they're obviously lying and evading my withdrawal request by throwing it on a 3rd party (Shift Forex employee). Attached a screenshot confirming my story.







I didn't receive any money from CAPXM in my Neteller account. Attached a screenshot from my Neteller to confirm what I am saying.
I have showed FPA community the true color of CAPXM and Shift Forex. They're thieves, they think they can steal my hard-earned money and my client's money. but I will never give up till I get my money back. My reputation and company's reputation have been negatively impacted as a result of CAPXM and Shift Forex reckless actions. I am ready to answer any questions about my case to FPA reps. I have contacts to those thieves (emails, Skype and website)

CAPXM website: capxm.com

Brian Philips: CAPXM Owner
email : brian@capxm.com
Skype: brianphillips.argosy
....................................................................
Shift Forex website: shiftforex.com

Ian McAfee: Shift Forex CEO
Email: ian@shiftforex.com
Skype:shiftian

New thread in the Scam Alerts Folder:

Review is submitted by Mgmforex on 09/26/17

The company was first contacted about the issue on 06/19/17 the last contact was on 07/13/17

Details: They said that they will take a legal action against me and threatened me and then they never replied again.

Company representatives' emails: Brian Philips <brian@capxm.com>
carlos <carlos@capxm.com>
patrick <patrick@capxm.com>

 

Attachments

AsstModerator

FPA Forums and Reviews Admin
Messages
5,578
I'm going to be traveling for the next few days. I see you already invited them to your thread. I'll send the formal FPA invitation as soon as I have a chance.
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,578
I've just emailed the formal FPA invitation. Please post an update on Thursday to let me know if you've heard anything new or not.
 

mgmforex

Private, 1st Class
Messages
32
sorry i was waitting for any update in the scam alerts section
and now i found your reply here


any way i didnt get any update and no any comment fro them
so what will we do next. ?
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,578
They've emailed me and are asking for details of accessing this thread. I'm expecting to hear back from them in a day or two.
 

mgmforex

Private, 1st Class
Messages
32
i hope so .thanks for your interst and iam ready to pay 10% for FBA when i get my money back to help improve the service

thanks alot
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,578
Donations are never expected, but aren't turned down.

Would you mind if I email them and CC you?
 

mgmforex

Private, 1st Class
Messages
32
Hello , It has been over a week since we sent an email to capxm and shiftforex and nobody has come back with any kind of reply or resolution. What is the next step ? and what can we do now ? Regards, MGMFOREX
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,578
My apologies. This one was buried under a bunch of cases. I've already started the vote on this week's case. I'll move this to Open Cases tomorrow. There won't be any more votes this year because of the holidays, but this one will be in the first batch voted on in January.
 
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