Has anyone heard of privilegetrading.com

[Thandi Martin]

Pharaoh would you please check this broker.I have a very serious issue with them.I am stuck with the trade over which I do not have control.The so called account manager opened it on the 28th of January If I ask him to close the trade cause I need to withdraw he says it is impossible to close it because the market does not allow.His actual words are:"The market volatility does not allow him to close the trade". I am confused whether the broker itself is dodgy or the person who is dealing with my account.Communication with them is only telephonically which is next to zero cause I managed to get hold of the guy maybe 4 times since he opened the trade.I phone everyday sometimes 5 times a day with no avail.Please Pharaoh help me.My husband is so depressed he even think of going to London personally to face these people.

 

[Pharaoh]

I haven't had the privilege of being introduced to them.

I don't see any regulatory info on the broker's website. This story of being unable to close a trade strikes me as an incredibly lame excuse. Chances are that the London address is nothing more than a virtual office. Still, a report to ActionFraud and the UK FCA can't hurt.

How and when did you deposit?

 

[Thandi Martin]

I first deposited in April 2015 using my debit card.Every deposit I made was through debit card.

 

[Thandi Martin]

Thank you very much Pharoah for the info.I am filing a complaint right now to FCA and Action Fraud.

 

[Pharaoh]

It may be too late, but go ahead and get in touch with the fraud department at your card's issuing bank. Deadlines vary depending on what country you are in.

 

[alexx71]

When I read this story and many other I ask myself if there's a lot of people that work very hard to surf the web to find the most strange and unregulated brokers in the planet.....

 

[Pharaoh]

When I read this story and many other I ask myself if there's a lot of people that work very hard to surf the web to find the most strange and unregulated brokers in the planet.....

I know we're not supposed to blame the victims, but this is a very good point.