cheshireforex
Recruit
- Messages
- 10
I received an email from Lionfxfund showing excellent trading results. It said they were proven, so I followed the links and sure enough everything seemed fine. I am a trader myself but had never achieved such results.
I invested GBP 30,000 of my own money into the Lionfxfund, using Knight Capital as broker. They opened the account and trades started to trickle through. I thought that if these trades were so good I would monitor them, and open my own similar trades using a different broker. It is when I looked closely I found losing "short" trades has miraculously become profitable "long" trades. I thought how can this be ?
After about three weeks I stumbled across a "scam" thread showing how people had tried to withdraw money and all of a sudden the fund lost money. I tried similarly and my assets were gone. Luckily I had screen shot the last trades which were opened as 0.1 units and closed at a loss. But to ensure my funds had gone 100% the trade had been increased to over 8 units. I took another screen shot.
I sent an email to Knight Capital detailing the information and was told if I continued to harras them they would pursue to $800 loss on the account.
I had over the three week period told my boss of this amazing fund and he too had invested some of the Company money into the fund. We compared notes. No two trades were the same although each were supposed to be copying the same fund. He tried to withdraw his money and his account vanished from the MT4 screen and was told it was inaccessible, only later to be told his money had also been lost with no explanation.
In all over GBP 60,000 was lost. I sent an email to the Lionfxfund asking how could two individual people lose 100% of their money at different times, but the fund boasts 7000% profit. They never replied.
I invested GBP 30,000 of my own money into the Lionfxfund, using Knight Capital as broker. They opened the account and trades started to trickle through. I thought that if these trades were so good I would monitor them, and open my own similar trades using a different broker. It is when I looked closely I found losing "short" trades has miraculously become profitable "long" trades. I thought how can this be ?
After about three weeks I stumbled across a "scam" thread showing how people had tried to withdraw money and all of a sudden the fund lost money. I tried similarly and my assets were gone. Luckily I had screen shot the last trades which were opened as 0.1 units and closed at a loss. But to ensure my funds had gone 100% the trade had been increased to over 8 units. I took another screen shot.
I sent an email to Knight Capital detailing the information and was told if I continued to harras them they would pursue to $800 loss on the account.
I had over the three week period told my boss of this amazing fund and he too had invested some of the Company money into the fund. We compared notes. No two trades were the same although each were supposed to be copying the same fund. He tried to withdraw his money and his account vanished from the MT4 screen and was told it was inaccessible, only later to be told his money had also been lost with no explanation.
In all over GBP 60,000 was lost. I sent an email to the Lionfxfund asking how could two individual people lose 100% of their money at different times, but the fund boasts 7000% profit. They never replied.