GUILTY Case# 2018-098 | Baron vs ftocapital.com

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

  • Guilty

    Votes: 57 100.0%
  • Not guilty

    Votes: 0 0.0%

  • Total voters
    57
  • Poll closed .

richard56

Recruit
Messages
23
The location Marshall Islands have no reputation as financial safe country with proper financial authorities!
Look at the location BEFORE opening any bank or broker accounts.
Basically only countries like USA, Canada, Switzerland, Germany, UK and Australia have solid financial authorities.
Even here there is no guarantee to get your money back but the probability is higher.
Personally I do not consider other countries anyway in financial terms. You can spent your holidays on the Marshall Islands but never ever financial businesses. 1000 % guilty
 

syntaxfx

Recruit
Messages
9
Just noting that the T&C's document on the broker's website specifies that the laws of Belize apply to everything (section 5 MISCELLANEOUS). That's the Belize next door to Honduras and Guatemala.
If you want to take them to court, the T&C's say it has to be in a Belize court.
Also, they say they can change the rules at any time, without notice. With a condition like that, you'd need to check the T&C's page prior to commencing every trading session.

Sorry, your odds of recovery are looking, well.... not great.
 

Tryingtrader

Sergeant
Messages
182
I am very sorry to hear of your loss, these bandits are as GUILTY as hell. Sad to say, but you have joined the 10's of thousands of other victims of this internet theft. These so called brokers are in reality just common crooks and con men who prey on the ignorance (and hope) of the common man trying to improve their situation and they care nothing of your financial circumstances. Unfortunately the lies they tell are such that you want to believe them, and ignore the possibility that what they say just can't be true. They are not real brokers nor do they deal in the FX market. Your money, like all the other victims, goes straight into their bank account never to be seen by you again. There are hundreds of these crooked websites out there, in all languages and countries.
The old saying of "If it sounds too good to be true then it is a scam" has been ignored by many thousands of other victims who wanted to believe this would make them money. The lesson to be learned here is never invest in something you don't understand and always, but always, make sure a company is regulated by a significant regulator.
Any promise of the return of some of your funds (3500 USD) by them will never happen. So many others have been promised the same and it was always 'lost' in the transferal system and will be your responsibility to find it! These people are just plain crooks, if they operated out of a High Street shop they would have been arrested and imprisoned long ago, it is the Internet they hide behind and the gullibility of people that let them do it. Your only hope of getting anything back is to claim a charge back on your Credit/Debit cards stating that "the service you had agreed to and expected has not been received". Contact your card providers again and make a fresh chargeback claim, I am sorry to say this is your only hope of getting anything back. Do NOT use the services of 'Recovery Agents' as they are from the same scam and will charge for their service but will never deliver! Good Luck.
 

oscarra

2nd Lieutenant
Messages
1,237
Guilty !
 

Baron

Recruit
Messages
17
Hey everybody.
So is 'the services not provided' the right mastercard reasoning or something else could still work?
 
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