My issue with Fortrade

Tamarapl

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To whom it may concern,

I am suprised because after numerous objections and mails I sent to Fortrade,no action from their side has been taken ,even I have been damaged for over 166.000 eur+profit on my acc(30.000 eur).

I was misguided and deceived and abused.First, I was assigned non licensed broker NIKOLA MARJANOVIĆ,a person without qualification and permission to work that was issued by Securities Commission.Considering applicable law it is criminal act and I am forced to press criminal charge against NIKOLA MARJANOVIĆ and the Company that assigned him to me as her broker- FORTRADE.

The consequence of that is fraud traffic as following:

IN THIS CASE I TRADE WITH CRUDE OIL.

ON DATE 21.04.2020 IN THE CONTRACT WITH BROKER NIKOLA MARJANOVIĆ( PHONE NUMBER WAS +38517776059 I SENT YOU SCREENSHOT OF DATE AND TIME OUR CONVERSATIONS )

WE DEPOSED 30,000 EUR(I SENT PAYMENT CONFIRMATION IN ATTACHMENT) TO FREE OUR POSITIONS WHICH WERE IN STOP OUT: 2 LOT OPEN PRICE 27.070 CLOSE PRICE 18.040 /-16.692,08, 1 LOT OPEN PRICE 26.720 CLOSE PRICE 17.610/-8.471,53,1 LOT OPEN PRICE26.500 CLOSE PRICE 17.610/-8.185,10 (THE COST OF THE CLOSING POSITION WAS -33,348.71 EUR)

DEPOSIT WAS PAID AND THE POSITIONS ARE RETURNED AT THE PRICE OF 27,070 (2 LOTS), 26,720 (1 LOT), 26,500 (1 LOT), NOT AT THE PRICE WHICH WAS AT THE STOP OUT 18,040 (2 LOTS), 17,610 (1 LOT) ), 17,610 (1 LOT). AS WE AGREE THROUGH TELEPHONE CALLS .



IT MEANS THAT WE WERE TWO TIME CHARGED FOR THE SAME COST WHEN RETURNING THE POSITION.AT THE END THE EXPENDITURE ON THE ABOVE ITEMS WAS -105.000 EUR.

THE BROKER'S MISTAKES MAKE OUR POSITION IN THE FAILURE.STOP OUT POSITIONS NUMBER 1022020035 BECAME 1022239094(2 LOT PRICE 27.070), 1022026233 BECAME 1022239095(1 LOT 26.720),1022067296 BECAME 1022239096(1 LOT 26.500).

DAY 21.04. AT 17:49:16 SYSTEM CLOSED POSITION -37.740,72 EUR T BECAUSE THE MARGIN LEVEL
WITH THIS, WE INCREASE THE MARGIN, BUT AFTER TWO MINUTES AT 17:51:43 THE SYSTEM CLOSED ALL ITS POSITIONS ALTHOUGH THE PRICE OF CRUDE OIL WAS INCREASING FOR ONE EUR (FROM 6.610 TO 7.480)



CONSIDERING THAT THE OPERATION OF THEIR BROKER BROUGHT OUR ACCOUNT INTO COLAPS, AND SYSTEM CLOSED ALL POSITIONS IN THE PRICE RISE I WOULD LIKE TO REVIEW THE WHOLE CASE.

Fortrade employees are very rude in conversation,interrupting phone calls,or not answering at all,and Mr.Marjanović said after we lost all the money because of his mistake "to get more 200.000 eur out of the sock".
 

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Tamarapl

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Noted. A thread coming up shortly so you can at least know who to address directly. And it ain't London incorporated Fortrade, under the supervision of 'glorious' quite incompetent, slow and passive FCA
Thank you,waiting for your instuctions.Kind regards
 

Tamarapl

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Maybe FCA is sufficient as it seems UK company is the one they transacted with?
But its not a bad idea - to maybe complain simultaneously to all regulators at the same time?
Probably a discussion btw the layer and the call center operator is the first instance...
I agree
 

Tamarapl

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Maybe FCA is sufficient as it seems UK company is the one they transacted with?
But its not a bad idea - to maybe complain simultaneously to all regulators at the same time?
Probably a discussion btw the layer and the call center operator is the first instance...
my lawyer in Serbia, got in touch with their law office in Serbia, so we will try that possibility, and Boccadutri will draft the letter of preaction to the broker to find a way to settle the dispute outside of the Court
 

Tamarapl

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this is Nikola,the man who brought my account into bankruptcy. He introduces himself as an employee of Fortrade, in fact everyone is registered with the company Global marketing solutions based in Belgrade.
 

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Tamarapl

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I will file a criminal complaint through my lawyer against Fortrade, Nikola Marjanović , Global marketing soultions and owner Zeevi Glodman
 
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