Original FPA Traders Court Submission:
I am submitting the case against: AXNFX.COM
My Case is: MY NAME IS KIRAN KUMAR AND MY AXNFX.COM ACCOUNT ID : 2096574736
Employee of AXNFX.COM Mr. Aryan called us through a common friend (Sridhar) and solicited that if we open the account with them there will be good profits and told that that they have professional research team. Withdrawal process also very easy. He called 2 or 3 times and solicited us to open the account. We said we need some time...
Again one day he called and explained that “ Today is Super Friday/Black Friday if you open account with $1000 you will get $1000 as bonus in your account, and one more additional offer is available is that first 5 trades all profits are yours losses bared by company – This offer is valid only for today..
We asked what is this bonus? – he said bonus is Additional money into your account by our company to provide good exposure to trade and the bonus amount also yours once you completed 30 trades of 0.30 quantity.
My Self and my Friend Mr. Mani both are transferred Indian Rupees of Rs. 66,500.00 which is equal to $1000 to their Pay U money account.
Very Soon started trading and he showed some profit of $120 initially, I simply followed their instructions, with in a span of 1Month I have of Loss of $600. So many times they called me and suggested to upgrade to premium account by depositing some more money, I Said I need some time...
I really scared to trade and enquired my friend Mr. Mani he said all his money has lost because of their wrong guidance, then I called to our common friend Sridhar he said he lost almost $10000 and his account was completely wiped out because of their guidance... and he suggested me to trade your own don’t follow their guidance..
Afterwards I traded with my own strategy which worked for me I recovered my losses and earned a profit of $2221. Now my account balance is $ 4221 (investment $1000, Profit $2221, bonus $1000).
Due to some personal urgency I made a withdrawal request of $400, from then they are not responding, later they replied I have to complete 1000 trades with 0.30 quantity then only they can process withdrawal request It is their company policy.. I said no one explained or told about this at the time of account opening and while trading.
I asked them if you have any evidence show me I will obey it, they showed nothing. After 2 days
One of his directors Mr. George/james called me and said after completing 1000 trades 0.30 QTY only we will process your withdrawal request... and that is final.
If I do 1000 trades 0.30 qty their brokerage itself coming around $5000 where my investment and profit is $3221... (god knows profit or loss)
I said I don’t fulfil, I want my money back they said you will never get single penny from us...
Then I posted my review in FPA and shared the thread to them, finally they replied that I have only 2 options
1) Complete the 1000 trades 0.30 qty.
2) As a full and final settlement they will return my $1000 investment...
I replied them 2 options are not acceptable to me, return my investment and profit and close my account with you, they replied that I am not going to get single penny and they are not going to reply to our mails...
Being I am unable to get the positive reply I hereby filing a case against them in FPA and
I have proper evidence to prove my statements are true and correct, asking you to do the needful
New thread in the Scam Alerts Folder:
Review is submitted by SUREKAP SOLUTIONS/KIRAN KUMAR V on 05/03/18
The company was first contacted about the issue on 03/25/18 the last contact was on 05/21/18
Details: Reply1: They replied I have to complete 1000 trades with 0.30 quantity then only they can process withdrawal
request
Reply2: One of his directors Mr. George called me and said after completing 1000 trades 0.30 QTY only we will process your withdrawal request... and that is final.
Reply3: finally they replied that I have only 2 options
1) Complete the 1000 trades 0.30 qty.
2) As a full and final settlement they will return my $1000 investment...
Reply4: I replied them 2 options are not acceptable to me, return my investment and profit and close my account with you, they replied that I am not going to get single penny and they are not going to reply to our mails...
Company representatives' emails: George Menon <george.m@axnfx.com>
James Farank <james.f@axnfx.com>
Aryan Kann <aryan.k@axnfx.com>
Rakesh <rakesh.y@axnfx.com>
Axnfx Support <support@axnfx.com>
Compliance <compliance@axnfx.com>
FINANCE <Finance@axnfx.com>
CS <CS@axnfx.com>
INFO <Info@axnfx.com>
I am submitting the case against: AXNFX.COM
My Case is: MY NAME IS KIRAN KUMAR AND MY AXNFX.COM ACCOUNT ID : 2096574736
Employee of AXNFX.COM Mr. Aryan called us through a common friend (Sridhar) and solicited that if we open the account with them there will be good profits and told that that they have professional research team. Withdrawal process also very easy. He called 2 or 3 times and solicited us to open the account. We said we need some time...
Again one day he called and explained that “ Today is Super Friday/Black Friday if you open account with $1000 you will get $1000 as bonus in your account, and one more additional offer is available is that first 5 trades all profits are yours losses bared by company – This offer is valid only for today..
We asked what is this bonus? – he said bonus is Additional money into your account by our company to provide good exposure to trade and the bonus amount also yours once you completed 30 trades of 0.30 quantity.
My Self and my Friend Mr. Mani both are transferred Indian Rupees of Rs. 66,500.00 which is equal to $1000 to their Pay U money account.
Very Soon started trading and he showed some profit of $120 initially, I simply followed their instructions, with in a span of 1Month I have of Loss of $600. So many times they called me and suggested to upgrade to premium account by depositing some more money, I Said I need some time...
I really scared to trade and enquired my friend Mr. Mani he said all his money has lost because of their wrong guidance, then I called to our common friend Sridhar he said he lost almost $10000 and his account was completely wiped out because of their guidance... and he suggested me to trade your own don’t follow their guidance..
Afterwards I traded with my own strategy which worked for me I recovered my losses and earned a profit of $2221. Now my account balance is $ 4221 (investment $1000, Profit $2221, bonus $1000).
Due to some personal urgency I made a withdrawal request of $400, from then they are not responding, later they replied I have to complete 1000 trades with 0.30 quantity then only they can process withdrawal request It is their company policy.. I said no one explained or told about this at the time of account opening and while trading.
I asked them if you have any evidence show me I will obey it, they showed nothing. After 2 days
One of his directors Mr. George/james called me and said after completing 1000 trades 0.30 QTY only we will process your withdrawal request... and that is final.
If I do 1000 trades 0.30 qty their brokerage itself coming around $5000 where my investment and profit is $3221... (god knows profit or loss)
I said I don’t fulfil, I want my money back they said you will never get single penny from us...
Then I posted my review in FPA and shared the thread to them, finally they replied that I have only 2 options
1) Complete the 1000 trades 0.30 qty.
2) As a full and final settlement they will return my $1000 investment...
I replied them 2 options are not acceptable to me, return my investment and profit and close my account with you, they replied that I am not going to get single penny and they are not going to reply to our mails...
Being I am unable to get the positive reply I hereby filing a case against them in FPA and
I have proper evidence to prove my statements are true and correct, asking you to do the needful
New thread in the Scam Alerts Folder:
Review is submitted by SUREKAP SOLUTIONS/KIRAN KUMAR V on 05/03/18
The company was first contacted about the issue on 03/25/18 the last contact was on 05/21/18
Details: Reply1: They replied I have to complete 1000 trades with 0.30 quantity then only they can process withdrawal
request
Reply2: One of his directors Mr. George called me and said after completing 1000 trades 0.30 QTY only we will process your withdrawal request... and that is final.
Reply3: finally they replied that I have only 2 options
1) Complete the 1000 trades 0.30 qty.
2) As a full and final settlement they will return my $1000 investment...
Reply4: I replied them 2 options are not acceptable to me, return my investment and profit and close my account with you, they replied that I am not going to get single penny and they are not going to reply to our mails...
Company representatives' emails: George Menon <george.m@axnfx.com>
James Farank <james.f@axnfx.com>
Aryan Kann <aryan.k@axnfx.com>
Rakesh <rakesh.y@axnfx.com>
Axnfx Support <support@axnfx.com>
Compliance <compliance@axnfx.com>
FINANCE <Finance@axnfx.com>
CS <CS@axnfx.com>
INFO <Info@axnfx.com>
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