Hi!
Unfortunately, I am exactly in the same situation as many fellow traders who posted here.
I've been trying to withdraw some of my funds from ITFX for nearly two months now and I am getting the same responses as are already described here.
Most likely I will end up filing a case with the FPA, but before that, maybe someone has an answer for any of these questions:
1. Has anyone tried, and with what outcome, to give a 30-day notification to ITFX AHEAD of the date when the VIP funds are re-committed for another 12 months? ITFX says this is the right way to do it, so there is a slight chance they might actually respect that.
2. What practical tools are at the FPA's disposal to incur pressure on ITFX if I open a case?
3. What are my practical possibilities? What kind of a lawyer should I look for? I heard an opinion that I would need a Canadian lawyer if I want to press charges against them, does this make sense (I live in Germany)?
4. Does CFTC have any real power to influence a Canada based broker like ITFX? Are there any other regulatory bodies that could help here?
Thanks for any reply!