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Masterforex didnt pay referral commission. Scam ??

Discussion in 'Scam Alerts' started by mopai, Feb 22, 2011.

  1. mopai

    mopai Private

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    I have been trying to be Masterforex affiliate and introduce Master forex. Since the first time I didnt trust Masterforex Broker, but for some reason my client forced me to become their affiliate so they could register under me.
    One of my biggest suspicion is they always hide client's NAME, EMAIL, PHONE, and other contact details in the referral list so it is almost impossible to contact your clients when you dont know personally with them. (It is pretty obvious why they hide this.
    At the beginning they paid the commission regularly, but sometimes there were dicrepancies, and after some complaints they fixed and paid me. MF said that it was system problem. I thought "would they fix it if I didnt complain ?" No one can guarantee this. This was the first attempt and I thought I should be more careful with this broker. Time went on from 14 February until 22 feb they didnt pay me even my clients traded and they closed the position more than 5 minutes and more than 5 points. I contaced support by sending 2 emails but they didnt reply, then I contacted their live support named Konstantin twice , he explained that the commission will be credited on 18 feb, but until today 22 feb there is still no commission from 14 feb. I hope by writing this complaint MF will take this issue seriously and also to inform traders / introducing brokers to be very careful with this company. This is an EARLY WARNING. Im ready to share some proofs to FPA. I will inform you updates regarding this issue
     
  2. mopai

    mopai Private

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    Masterforex still have no intentions to fix the problem. They replied my email with the promise to pay my commission :

    23.02.2011 13:05, Pxxxxx пишет:
    >
    > My commission has not been credited since 14 feb until today !
    > I contaced support by sending 2 emails but there was not any reply, then I contacted live support named Konstantin twice , he explained that the commission will be credited on 18 feb, but until today 22 feb there is still no commission.
    >
    > The account number is 207xxxx. I cant even check my downlines !
    >
    >
    >
    >


    Hello!

    We still working on it. You'll get Your commission tomorrow. We
    apologize for this inconvenience.

    Sincerely,
    Konstantin Kuzovlev
    Partners Department Manager
    +7-812-332-91-83
    +7-800-333-00-91

    Best Forex Broker Russia&CIS 2010
    Best Micro Forex Broker 2010
    www.masterforex.org


    ========================================

    This email was replied on Feb 23, with a promise to pay the commission on 24. The strange thing is until today Feb 28 they dont keep the promise.
    This is a SCAM company !
     
    #2 mopai, Feb 27, 2011
    Last edited: Mar 15, 2011
  3. mopai

    mopai Private

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    MasterForex.org scams IB commission proof

    Here is my clients trade history / statement :

    You can see that my client traded until 11 March, and still trading.


    [​IMG]

    [​IMG]

    [​IMG]

    Here is the partner cabinet and commission history / statement :

    [​IMG]

    [​IMG]

    At above screenshots, MF only paid me until 11 Feb 2011, and still has not paid me for about 1 month (since 14 Feb - today / 15 Mar). My commission should be more than $41.

    I quickly told my clients to withdraw their fund to avoid something bad. The good thing is my client that use my EA, which is quite profitable, had managed to withdraw their fund immediately ($2400) before this company scams it.
     
    #3 mopai, Mar 15, 2011
    Last edited: Mar 15, 2011
  4. mopai

    mopai Private

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    Email Corresponding with MasterForex.org

    07.03.2011 11:48, xxxx.com пишет:
    > Are you kidding ? This is the statement to take a look. Look at 14 Feb - now. Maybe this can refresh your memory.
    >
    > --- On Mon, 3/7/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >
    >
    > From: Konstantin Kuzovlev <partners@masterforex.org>
    > Subject: Re: Commission not credited
    > To: "xxxx@yahoo.com>
    > Date: Monday, March 7, 2011, 3:04 PM
    >
    >
    > 07.03.2011 6:11, xxx пишет:
    >> What the **** ! you are going to pay me the commission or not ? My client had registered as you had said. And you still dont pay since 14 Feb.
    >>
    >> You should look at Fxopen and other brokerage, they usually handle customer problems as soon as possible. I am now joining Insta, with 1.5 points commission and paid instantly.
    >>
    >>
    >> --- On Wed, 3/2/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>
    >>
    >> From: Konstantin Kuzovlev <partners@masterforex.org>
    >> Subject: Re: Commission not credited
    >> To: "xxxx@yahoo.com>
    >> Date: Wednesday, March 2, 2011, 4:40 PM
    >>
    >>
    >> 02.03.2011 12:10, xxx пишет:
    >>> Where can I find the wallet ? tell me the whole procedure what to do, not only a part of it
    >>>
    >>> --- On Wed, 3/2/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>
    >>>
    >>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>> Subject: Re: Commission not credited
    >>> To: "xxx@yahoo.com>
    >>> Date: Wednesday, March 2, 2011, 1:54 PM
    >>>
    >>>
    >>> 01.03.2011 17:48, xxx пишет:
    >>>> Reaxxxxx 243485 and Jaxxx 245555
    >>>>
    >>>> --- On Tue, 3/1/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>>
    >>>>
    >>>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>>> Subject: Re: Commission not credited
    >>>> To: "xxxx@yahoo.com>
    >>>> Date: Tuesday, March 1, 2011, 3:19 PM
    >>>>
    >>>>
    >>>> 01.03.2011 8:00, xxxx пишет:
    >>>>> My client has registered in the new cabinet, then what ??? Why dont you make a system that transfers clients automatically to new cabinet ?? Why do you make such annoying system ??? To take over your IB's clients ???
    >>>>> Im glad I have not introduced MF to all of my clients. These 2 clients are to test MF credibility. That is proven not honest.
    >>>>> I am not new to IB thing. The fact is I am IB of xxxxx and other brokerage and have not experienced a mess like this. I have thousands clients in those brokers.
    >>>>>
    >>>>> I will soon tell my clients to withdraw and move to other broker. And other thing : I have posted this issue to forexpeacearmy (Master Forex | MasterForex.org reviews and ratings by Forex Peace Army) and ready to post to other website to let others be very careful with MF if you do not fix this problem soon.
    >>>>>
    >>>>>
    >>>>>
    >>>>> --- On Mon, 2/28/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>>>
    >>>>>
    >>>>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>>>> Subject: Re: Commission not credited
    >>>>> To: "xxxx@yahoo.com>
    >>>>> Date: Monday, February 28, 2011, 6:15 PM
    >>>>>
    >>>>>
    >>>>> 28.02.2011 13:25, xxxx.com пишет:
    >>>>>> How to transfer to new cabinet ?
    >>>>>>
    >>>>>> --- On Mon, 2/28/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>>>>
    >>>>>>
    >>>>>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>>>>> Subject: Re: Commission not credited
    >>>>>> To: "xxxx@yahoo.com>
    >>>>>> Date: Monday, February 28, 2011, 4:11 PM
    >>>>>>
    >>>>>>
    >>>>>> 28.02.2011 12:00, xxxxcom пишет:
    >>>>>>> He was registered under me. How can he be registered again ?? Dont say to me that he has to re-register by manually clicking my referral link once again.
    >>>>>>> It is funny to say that he must register from the beginning. Then what if I have 100 clients ?
    >>>>>>> They would have been gone ??
    >>>>>>>
    >>>>>>> --- On Mon, 2/28/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>>>>>
    >>>>>>>
    >>>>>>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>>>>>> Subject: Re: Commission not credited
    >>>>>>> To: "xxxxx@yahoo.com>
    >>>>>>> Date: Monday, February 28, 2011, 2:58 PM
    >>>>>>>
    >>>>>>>
    >>>>>>> 28.02.2011 8:12, xxxxcom пишет:
    >>>>>>>> Is this a joke ? Today is 28 Feb and you still dont credit my commission ?
    >>>>>>>>
    >>>>>>>> --- On Wed, 2/23/11, Konstantin Kuzovlev <partners@masterforex.org> wrote:
    >>>>>>>>
    >>>>>>>>
    >>>>>>>> From: Konstantin Kuzovlev <partners@masterforex.org>
    >>>>>>>> Subject: Re: Commission not credited
    >>>>>>>> To: "xxxx@yahoo.com>
    >>>>>>>> Date: Wednesday, February 23, 2011, 6:23 PM
    >>>>>>>>
    >>>>>>>>
    >>>>>>>> 23.02.2011 13:05, xxxxcom пишет:
    >>>>>>>>>
    >>>>>>>>> My commission has not been credited since 14 feb until today !
    >>>>>>>>> I contaced support by sending 2 emails but there was not any reply, then I contacted live support named Konstantin twice , he explained that the commission will be credited on 18 feb, but until today 22 feb there is still no commission.
    >>>>>>>>>
    >>>>>>>>> The account number is 207763. I cant even check my downlines !
    >>>>>>>>>
    >>>>>>>>>
    >>>>>>>>>
    >>>>>>>>>
    >>>>>>>>
    >>>>>>>>
    >>>>>>>> Hello!
    >>>>>>>>
    >>>>>>>> We still working on it. You'll get Your commission tomorrow. We
    >>>>>>>> apologize for this inconvenience.
    >>>>>>>>
    >>>>>>>> Sincerely,
    >>>>>>>> Konstantin Kuzovlev
    >>>>>>>> Partners Department Manager
    >>>>>>>> +7-812-332-91-83 ext.140
    >>>>>>>> +7-800-333-00-91
    >>>>>>>>
    >>>>>>>> Best Forex Broker Russia&CIS 2010
    >>>>>>>> Best Micro Forex Broker 2010
    >>>>>>>> www.masterforex.org
    >>>>>>>>
    >>>>>>>>
    >>>>>>>>
    >>>>>>>>
    >>>>>>>>
    >>>>>>>
    >>>>>>>
    >>>>>>> Hello!
    >>>>>>>
    >>>>>>> Your clients still had not registered in new cabinet, that's why You
    >>>>>>> didn't get commission.
    >>>>>>>
    >>>>>>> Sincerely,
    >>>>>>> Konstantin Kuzovlev
    >>>>>>> Partners Department Manager
    >>>>>>> +7-812-332-91-83 ext.140
    >>>>>>> +7-800-333-00-91
    >>>>>>>
    >>>>>>> Best Forex Broker Russia&CIS 2010
    >>>>>>> Best Micro Forex Broker 2010
    >>>>>>> www.masterforex.org
    >>>>>>>
    >>>>>>>
    >>>>>>>
    >>>>>>>
    >>>>>>>
    >>>>>>
    >>>>>> Hello!
    >>>>>>
    >>>>>> No, clients could register even without Your link, but they need to
    >>>>>> transfer their accounts to new cabinet.
    >>>>>>
    >>>>>> Sincerely,
    >>>>>> Konstantin Kuzovlev
    >>>>>> Partners Department Manager
    >>>>>> +7-812-332-91-83 ext.140
    >>>>>> +7-800-333-00-91
    >>>>>>
    >>>>>> Best Forex Broker Russia&CIS 2010
    >>>>>> Best Micro Forex Broker 2010
    >>>>>> www.masterforex.org
    >>>>>>
    >>>>>>
    >>>>>>
    >>>>>>
    >>>>>>
    >>>>>>
    >>>>>
    >>>>> Hello!
    >>>>>
    >>>>> They must follow this link to register
    >>>>> https://cabinet.masterforex.org/a/trader/step1.jsp
    >>>>>
    >>>>> Sincerely,
    >>>>> Konstantin Kuzovlev
    >>>>> Partners Department Manager
    >>>>> +7-812-332-91-83 ext.140
    >>>>> +7-800-333-00-91
    >>>>>
    >>>>> Best Forex Broker Russia&CIS 2010
    >>>>> Best Micro Forex Broker 2010
    >>>>> www.masterforex.org
    >>>>>
    >>>>>
    >>>>>
    >>>>>
    >>>>>
    >>>>
    >>>> Hello!
    >>>>
    >>>> Please name MF wallet of реу clients that didn't attached to Your new
    >>>> cabinet.
    >>>>
    >>>> Commission will be charged tonight.
    >>>>
    >>>> Sincerely,
    >>>> Konstantin Kuzovlev
    >>>> Partners Department Manager
    >>>> +7-812-332-91-83 ext.140
    >>>> +7-800-333-00-91
    >>>>
    >>>> Best Forex Broker Russia&CIS 2010
    >>>> Best Micro Forex Broker 2010
    >>>> www.masterforex.org
    >>>>
    >>>>
    >>>>
    >>>>
    >>>>
    >>>
    >>> Hello!
    >>>
    >>> You said they registered in new cabinet. So, I need their MF wallets,
    >>> not the account numbers.
    >>>
    >>> Sincerely,
    >>> Konstantin Kuzovlev
    >>> Partners Department Manager
    >>> +7-812-332-91-83 ext.140
    >>> +7-800-333-00-91
    >>>
    >>> Best Forex Broker Russia&CIS 2010
    >>> Best Micro Forex Broker 2010
    >>> www.masterforex.org
    >>>
    >>> Здравствуйте!
    >>>
    >>>
    >>>
    >>>
    >>>
    >>
    >>
    >

    Hello!

    We apologize for incorrect information. We'll fix Your commission till
    tomorrow.

    Sincerely,
    Konstantin Kuzovlev
    Partners Department Manager
    +7-812-332-91-83 ext.140
    +7-800-333-00-91

    Best Forex Broker Russia&CIS 2010
    Best Micro Forex Broker 2010
    www.masterforex.org


    The answer above was sent on 7 March, tomorrow should be 8 March or so. Today is 15 March, and there is no news from MF. Im tired of waiting for the promises MF told. I hope by writing in this forum, MasterForex.org will be more responsible and professional to their IB's. Do not forget, IB plays a important role to brokers.
     
    #4 mopai, Mar 15, 2011
    Last edited: Mar 15, 2011
  5. mopai

    mopai Private

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    Masterforex.com is a truly scammer and cheater

    It seems that MasterForex.org really want to scam my money. I dont understand why they are ruining their reputation for a small matter. I can not withdraw the small fund that exist in my account ($41). They even didnt process my withdrawal at all since I posted here. All I got is promises, without any solution.

    MasterForex representative who reads my post here. Let me tell you that I will keep posting in as many forums as I can to warn trader / IB to stay away from such dishonest forex broker. Currently I have posted in talk****.com forum as well :) Other forums will follow
     

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