ALERT ALERT I2 Investments , iiinvestments , ii investments has stopped trading - massive loss of EUR 11,156.60 due to BTCUSD trade on 31-Aug-2017
Be alert that I2 investments have send emails to inform of massive loss incurred trading BTCUSD on 31-Au-17. My investment balance/equity was wiped out (94.3%) and today 1-Sep-17 balance is EUR 704.58 (my balance/equity on 30-Aug-17 was EUR 11,862.18). Below is the thread of emails between I2 investments and myself and latest email from I2 investments 1-Sep-17 informing that all trading has ceased.
I am totally a novice at FOREX or commodity trading and I2 investments is managed account. My wife also lost EUR 10,717.45 (balance/equity reduced from 31-Aug-17 EUR 11,394.30 to 1-Sep-17 EUR 676.85). If you look at previous BTCUSD trade the max loss is EUR 9.92 and max profit EUR 105.73 . I checked BTCUSD trade on 31-Aug-17 and iprice increase around 3% from USD 4630 to 4800 i.e. EUR 170/BTC. I2 normally trade 3-6 BTC units meaning maximum loss should be 170x6 = EUR 1020, not a massive EUR 11,156.60 .I enclose herewith extract of my platform account (trade , instrument, profit/loss, date open/close.
Can someone advise me what could be the issue here as the loss doesn't make sense and I2 has stopped all trade and request customers make the withdrawal of whatever balance remain in their account. Please help.
Mohd Hashim Shaari
Huge loss € 11,156.60 BTCUSD trade 31 August 2017: Mistake in platform(2)
Yahoo
Mohd Hashim Shaari <hashimstp@yahoo.com>
To
I² Investments I² Back Office
Today at 8:50
I would like to highlight a mistake in above trade BTCUSD on 31 August 2017 where it shows a loss of € 11,156.60 which must be a mistake by I2 Investments. Please rectify the mistake and show proof of trade done, price open and close and time, number of lots traded,etc. I look forward to your clarification at the soonest.
Best Regards
Mohd Hashim Shaari
Sent from Yahoo Mail on Android
Reply Reply to All Forward More
I² Investments <support@iiinvestments.com>
To
hashimstp@yahoo.com
Today at 10:41
Yes, these losses are very unfortunately accurate reporting we have just found out.
We are absolutely shocked and devastated. This was more than an investment to me as it was my life and livelihood the last years. Words cannot describe the feeling I have as the result of recent trading including my physical health right now. I had invested a significant portion of my savings in these traders and really felt extremely passionate about the six strategies being used. I can’t even put into further words my emotions right now. This is a true heart breaking experience for us. We vetted 100s of trading systems and found six we felt truly were the very best of trading and unfortunately our Bitcoin strategies risk parameters failed devastatingly because of the enormous volatility we do not see on FX/Commodity the last years or even on BTC last year.
All trading has now been ceased indefinitely.
Please proceed to download your withdrawal form and sign/mail it to
backoffice@iiinvestments.com so it can be dispatched for you within 3-5 business days. Our brokerage PAMM accounts will be closing indefinitely and funds must be withdrawn entirely.
We are truly so sorry.
Respectfully,
Mervyn Yang
Manager
Mohd Hashim Shaari <hashimstp@yahoo.com>
CC
Wan Salwa Wan Hassan Felix Lopez
Today at 11:31
Dear Mervyn,
I find it hard to believe that all my investment balance/equity on 30-August 2017 of EUR 11,861.18 has been nearly wiped out due to a loss of EUR 11,156.60 due to one single trade BTCUSD on 31 August 2017. MY current equity balance is now EUR 704.58 and loss incurred is - EUR 8989.00. Based on BTCUSD
past trading pattern (see below) a loss of EUR 11,156.60 is definitely not unbelievable i.e. I2 Investments did not follow its own trading strategy and margin trading limit , maximum loss EUR 9.92 and maximum profit EUR 54.17.
BTCUSD -9.92 BUY 2017-05-14 / 2017-05-15
BTCUSD 24.09 BUY 2017-05-22 / 2017-05-23
BTCUSD 61.47 BUY 2017-05-31 / 2017-05-31
BTCUSD 0.00 BUY 2017-06-29 / 2017-06-30
BTCUSD -18.23 BUY 2017-08-16 / 2017-08-17
BTCUSD -7.54 BUY 2017-08-17 / 2017-08-18
BTCUSD 54.17 BUY 2017-08-23 / 2017-08-23
BTCUSD 0.00 BUY 2017-08-29 / 2017-08-29
BTCUSD 8.98 BUY 2017-08-30 / 2017-08-30
BTCUSD 105.73 BUY 2017-08-30 / 2017-08-30
BTCUSD -11,156.60 SELL 2017-08-31 / 2017-08-31
You need to show serious evidence of what went wrong and do so immediately. Until you do so I can only construe that you are not being honest and transparent with you client. I have my wife's (salwawh@yahoo.com) fund and my friend's (fwilliam@technip.com) fund also wiped out.
Please reply immediately and also call me at .....
Mohd Hashim Shaari
I² Back Office <backoffice@iiinvestments.com>
To
hashimstp@yahoo.com
Today at 12:09
NOTICE OF DISCONTINUATION OF TRADING SERVICES
It is with extreme sorrow that we notify the closure of our fund due to a significant trading drawdown loss experienced late 31 August (early 1 Sep in Asia). We are absolutely devastated.
The Bitcoin (BTC Spot) trading strategy implemented caused a large and immediate downward shift of several thousand Points/Pips that our strategy could not recover from due to being designed for Spot FX trading on four digit (much lower volatility) instruments. Therefore not even triggering emergency stop losses used for Spot trading. As a small, aggressive offshore alternative investment project, we were able to avoid all significant DD for over three years, but inherent risk was always associated with this type of trading that cannot be denied. For this we are extremely devastated.
As of today, we will no longer be accepting any new clients and all current clients must submit withdrawal requests to facilitate the closure of their account(s).
If your account was being traded via a Social Trading Platform with one of our traders/partners directly, please utilize these platforms for further support queries. It should be noted that non-BTC accounts on these platforms would not have been affected.
To facilitate your withdrawal immediately, please download the respective brokerage form’s from your platform and submit it as instructed on the form. Be sure you have submitted your KYC - Passport/Utility Bill for broker verification.
Any pending deposits not yet credited will be available for immediate withdrawal as soon as the funds clear your account.
It was a privilege to serve you through very good trading years, and we are genuinely shocked by the turn of our BTC strategy’s trading algorithm. Please use the appropriate withdrawal form at your earliest convenience to expedite the closure process. We will try to keep this website live for the next 30 days.
Please remember we are inundated with messages right now and doing our best to reply as fast as possible.
Mervyn Yang