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NetoTrade's Issues Keep Adding Up

Discussion in 'Scam Alerts' started by Scam Investigations Committee, Feb 7, 2014.

  1. Scam Investigations Committee

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    NetoTrade's Issues Keep Adding Up

    NetoTrade already did more than it should to draw the attention of the FPA. In April of 2012, a fake client review was left from their offices in Israel. Then another fake one came in from their Cyprus office in June 2013. A third fake review was submitted from their Cyprus office in July of 2013.

    A total of 3 FPA Traders Court guilty verdicts have come in. All 3 involve NetoTrade.com employees acting as “account managers” trading client accounts. All 3 resulted in problems withdrawing funds. One also involves a large amount of unauthorized charges against the client's credit card.

    It appears that NetoTrade.com shares a similar issue to one of the problems that UFX Markets has. The same person who happily volunteers to trade the account seems to be able to process deposits and to block client withdrawals. Since these employees are very likely to be compensated based on the amount of money in the accounts they control, this would create a severe conflict of interest.

    NetoTrade needs to settle their issues with these 3 traders. The company also needs to make the proper adjustments to their business model. Finally, Neto Trade needs to train all current a new employees about why pretending to be clients in reviews is unethical. Until all of this is done, the FPA has no choice but to declare NetoTrade to be a Scam.

    The FPA recommends against depositing money with NetoTrade. If you have an account with Neto Trade, the FPA recommends you try to withdraw you funds as quickly as possible.


    FPA Scam Finding Against NetoTrade.com

    Lojina's original complaint against NetoTrade

    Lojina's Traders Court case against NetoTrade

    Mohammed Minhaj's original complaint against NetoTrade

    Mohammed Minhaj's Traders Court case against NetoTrade

    Engmansor2000's original complaint against NetoTrade

    Engmansor2000's Traders Court case against NetoTrade

    FPA Review Page for NetoTrade.com

     
  2. FxMaster

    FxMaster Lt. Colonel

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    You should mark this thread as sticky.
     
  3. Fadi_ibrahim

    Fadi_ibrahim Private, 1st Class

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    Every one should act very quickly and withdraw their money from Netotrade.
     
  4. FxMaster

    FxMaster Lt. Colonel

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    I`m adding this reply in to this thread just because of everyone can see this thread. And withdraw money from there ASAP.
     
  5. lojina

    lojina Private, 1st Class

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    Thank you FPA for your effort, I think this is the end for netotrade unless they resolve all the above issues.
     
  6. FxMaster

    FxMaster Lt. Colonel

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    I don't think that its make any worry to them, because Scammer do what they want to do till they got arrested.
     
  7. bigdolly

    bigdolly Sergeant Major

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    I think this broker will never be able to wipe out their scammy status after all.
     
  8. Master Yoda

    Master Yoda Captain

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    Dear traders,

    If someone is offering you account management services first thing you will ask is "Are you licensed account manager by the regulator?" if yes, ask for a proof!

    Don't buy any crap including previous "successful" account statements! too many good souls have fallen into this
     
  9. henyo

    henyo Master Sergeant

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    its easy to formulate a sweet argument through old statements and a convincing speach, as the traders above said, make sure to do your home work before trusting your hardearned money in the hands of someone you do not know!
     
  10. Fadi_ibrahim

    Fadi_ibrahim Private, 1st Class

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    Yesterday Mr Mansor received a call from a gentleman calling Himself Nemer Aljaber nemer.a@netotrade.com (In English means Tiger) saying that he is his new Manager, as the old manager Dr Hassan Abdulatif (Hassan.a@netotrade.com) was sacked because was stealing a lot of money from customers, and he is asking Mr Mansor to join them again and forget the past.
    Mr Nemer also sent an email Mr Mansor, see attachment

    I did send email to Deborah Rodman (deborah.r@netotrade.com ) asking her to keep her Gangs away from Mr Mansor, she Ignored me as she used to always Ignore emails. Netotrade_Nemer.JPG
     

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