This is a personal warning to everybody in this forum to bring a fraud case involving ITrade Capital Markets to your atttention.
I have two accounts with ICM and even was an IB for them and sent a withdrawal Request to them a week ago.
After many emails, chats and excuses (which i have all saved), they finally sent me this today:
Dear XXX
As per section 10, paragraph 'd' of your Risk Disclosure Statement:
"Should quoting errors occur due to a dealer's mistype of a quote, errors in an automatic price feed, or an erroneous price quote from a dealer, such as but not limited to a wrong big figure quote, ICM will not be liable for the resulting errors in account balances. ICM reserves the right to make the necessary corrections or adjustments on the account involved."
After reviewing your account we note that you have been consistently trading on price quotes that were not reflective of the true market prices. We have refunded the balance of what constitutes your original deposit and advise you to trade with a different broker.
Best regards,
Robert Keen
Telephone +1 284 494 5504
ICQ# 588499153 -- MSN# rk@icmtrading.com -- Yahoo# rk_icm@yahoo.com -- Skype# rk_icm
iTrade Capital Markets Ltd
Forex | Indices | Commodities | Futures | CFDs | Automated Trading | ICM
To make it clear:
1. They have untill now NOT refunded one cent to me, so the above is a blatant lie.
2. Against my consent they simply zeroed both accounts and so far kept all the funds, causing me damages of more than USD 19000.
If there are others in the same boat, let me know to discuss how we can proceed.
It is a clear case of fraud.
Does anybody know who is behind this company?
It should be easy to obtain a judgement in court with the material i have.
The guy on their voicemail has a german accent.
BE WARNED!! Do not use this company, you probably wont see any of your funds ever again (unless you go legal), not to speak of the profits which they keep anyway.
If anyone can help to tackle this issue, i will generously share a portion of the funds recovered with anyone who would assist.
Screenshots, Trade Logs, Emails and Chat records are all available.
my strongest recommendation: DO NOT TRADE with ICM, and if you do, try to get your funds out little by little.
I have two accounts with ICM and even was an IB for them and sent a withdrawal Request to them a week ago.
After many emails, chats and excuses (which i have all saved), they finally sent me this today:
Dear XXX
As per section 10, paragraph 'd' of your Risk Disclosure Statement:
"Should quoting errors occur due to a dealer's mistype of a quote, errors in an automatic price feed, or an erroneous price quote from a dealer, such as but not limited to a wrong big figure quote, ICM will not be liable for the resulting errors in account balances. ICM reserves the right to make the necessary corrections or adjustments on the account involved."
After reviewing your account we note that you have been consistently trading on price quotes that were not reflective of the true market prices. We have refunded the balance of what constitutes your original deposit and advise you to trade with a different broker.
Best regards,
Robert Keen
Telephone +1 284 494 5504
ICQ# 588499153 -- MSN# rk@icmtrading.com -- Yahoo# rk_icm@yahoo.com -- Skype# rk_icm
iTrade Capital Markets Ltd
Forex | Indices | Commodities | Futures | CFDs | Automated Trading | ICM
To make it clear:
1. They have untill now NOT refunded one cent to me, so the above is a blatant lie.
2. Against my consent they simply zeroed both accounts and so far kept all the funds, causing me damages of more than USD 19000.
If there are others in the same boat, let me know to discuss how we can proceed.
It is a clear case of fraud.
Does anybody know who is behind this company?
It should be easy to obtain a judgement in court with the material i have.
The guy on their voicemail has a german accent.
BE WARNED!! Do not use this company, you probably wont see any of your funds ever again (unless you go legal), not to speak of the profits which they keep anyway.
If anyone can help to tackle this issue, i will generously share a portion of the funds recovered with anyone who would assist.
Screenshots, Trade Logs, Emails and Chat records are all available.
my strongest recommendation: DO NOT TRADE with ICM, and if you do, try to get your funds out little by little.