NetoTrade's Issues Keep Adding Up

RichardS

Recruit
Messages
1
Was wondering if these issues have been resolved, and if they are still blacklisted? Have been talking to a trader from NetoTrade, told me to open account today as promotion of 30% matching ends today, upon further review of their website, its supposed to be a 50% matching on first deposit and there was no time phrase listed on the site... so guess they are already lying to me.
 

zumk

Recruit
Messages
5
Warning

Was wondering if these issues have been resolved, and if they are still blacklisted? Have been talking to a trader from NetoTrade, told me to open account today as promotion of 30% matching ends today, upon further review of their website, its supposed to be a 50% matching on first deposit and there was no time phrase listed on the site... so guess they are already lying to me.

Richard, WARNING - DO NOT give them a cent of your money!
I have lost over AUD$105 237.60 and they aren't even responding to me.
WARNING everyone - DO no deal with these total lying crooks!
 

zumk

Recruit
Messages
5
Hello, WARNING DO NOT DEAL WITH NETOTRADE

I would like to warn the whole world about a company ‘Netotrade’ I have lost AUD$105 237.60 to these scammers, please read what happened below:
Netotrade as an online trading company approached me back on the 8/10/2014 telling me all the good Netotrade does and all that they can do for me and all they wanted was USD50 000 and they would double my money and more on a very low risk platform.
So on the 8/10/2014 I advised them to take USD$50 000 off my Debit Card and they did this in 10 lots, they promised that this would not cost me anything in bank or transfer fees – This in fact caused me HUGE fees totalling thousands of dollars of which I raised with them and they advised me that they would credit my account with those $2700 fees in trading money, and they did so.
The next day or so I got an email from Sandy Ross in the Compliance department – She asked for me to scan in my driver’s licence and Medicare card and Debit card I was using – Front and back, and to sign the form 10 times for all the transactions that I made the few days before – WARNING – DO NOT PROCEED with this.
After 30 days (November) they did in fact increase my money to USD83000, and from then on it started sliding backwards - Then I had the dealer Eddie Cooper on the phone to ask for more money to recover the account promising that he will have it recovered and back up by Christmas, I obliged and let him take another USD25 000 off my Debit card – From this date the account only got worse! - This was supposed to be low risk account?! As displayed and advertised on the Netotrade website. WARNING DO NOT DEAL WITH NETOTRADE
I escalated this to management of Netotrade, being Izzet Kamer - He then started telling me that this loss wasn't his or Netotrade’s problem and that I needed to put more money into the account so that he could start building up the funds - On this score I totally lost it with him and demanded that he recovers some of my money - He said he could do nothing without money. – another WARNING DO NOT DEAL WITH NETOTRADE
After this; my uncle kindly placed about USD15000 into my Netotrade account to assist Izzet to start recovering some of the money – As soon as the money was received Izzet lost the lot and now the account is in negative.
After disputing all transactions with Netotrade I had a few calls from Naomie Brooks in the compliance area to advise that they would reimburse me USD$20 000 as Netotrade money and I was to work the trades on my account – So they are admitting that they don’t know how to trade – WHAT are these people doing as supposed ‘traders’? WARNING DO NOT DEAL WITH NETOTRADE

In assessing Netotrade on the Internet I find this company as a totally fraudulent company having conned people into giving them thousands of dollars with NO return.
WARNING DO NOT DEAL WITH NETOTRADE
On the front of the Netotrade website states:
‘Your money is safe with Netotrade’ – My money was far from safe – in fact I lost the total of a house deposit that I had spent years to save!
‘Knowledge is profit’ – This statement is total fraud! I challenge ALL the trading staff at Netotrade as be totally unskilled and unable to trade in the market. How could Eddie be called a Senior Account Manager and Izzet be called a Senior VIP Account Manager and Head Analyst when they lost all my money – and not only mine but USD200 000 of my uncles money as well?

They are now not answering any emails.

WARNING DO NOT DEAL WITH NETOTRADE
FRAUD COMPANY

Don’t even talk to these traders:

izzet.k@netotrade.com Izzet Kamer
eddie.c@netotrade.com Eddie Cooper
naomie.b@netotrade.com Naomie Brooks

WARNING DO NOT DEAL WITH NETOTRADE

Read previous stories below:
FCA warning regarding NetoTrade - The FX View
NetoTrade Review - Forex Conclusions
fca warning about netotrade - Forex Conclusions
Netotrade Scam Review
netotrade.com Review & Complaint : - Scammers are Making Issues with my Trading Account - Tr..
http://www.complaintsboard.com/complaints/netotrade-ltd-stolen-my-money-c646777.html
http://netotrade-scam.blogspot.com/
http://www.forexpeacearmy.com/public/review/www.netotrade.com
http://www.fca.org.uk/news/warnings/netotrade-uk
http://www.blacklistedbrokers.com/blacklist/?broker=netotrade.com
http://www.reportacrime.co.za/CrimeReport.aspx?ID=6359
http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/26848-neto-trade-scam.html
http://cfd.objective-reviews.com/netotrade/
 

AgapeL

Recruit
Messages
1
Netotrade have lost over $30k in 3 month once our company trusted them to trade our funds. We went through 4 account executives who were boasting that they are the best in the world and all of them lost out money. They don't use railing stops and risk without recourse. Many times they would not reply to me or would do anything to my account, while accounts were just falling. The solutions they presented = bring us more money so we can make it back and balance the accounts. Wouldn't be smarter to save money from loosing by putting trailing stops and not leaving positions open without close monitoring.
Netotrade due to their negligence have lost all our money. We are looking to find other victims and looking for suggestions of how to prosecute them. Any suggestions are appreciated. Please let me know if anyone would be open for an idea for class action suit. Thank you all.
 

Pharaoh

Colonel
Messages
19,994
Next, complain to the receiving bank. Also, depending on what country you are in, there may be a central place for reporting online fraud. Also, no matter where you are, you can upload your evidence to econsumer.gov - Your site for cross-border complaints.

If you want to go above and beyond that, here's an article I think you'll like:

http://www.forexpeacearmy.com/forex...-back-ethical-vengeance-against-scammers.html

It includes info to help you get you started on spreading the word far and wide.
 

zumk

Recruit
Messages
5
Next, complain to the receiving bank. Also, depending on what country you are in, there may be a central place for reporting online fraud. Also, no matter where you are, you can upload your evidence to econsumer.gov - Your site for cross-border complaints.

If you want to go above and beyond that, here's an article I think you'll like:

http://www.forexpeacearmy.com/forex...-back-ethical-vengeance-against-scammers.html

It includes info to help you get you started on spreading the word far and wide.

Hello Pharaoh, Bank complaint has been logged.

Your report on the link below is excellent:
http://www.forexpeacearmy.com/forex...-back-ethical-vengeance-against-scammers.html
I will try and give it a go and.....hope this hurts Netotrade as much as it has hurt me.
Do you have any other suggestions of trying to retrieve this money?
 

FxMaster

Lt. Colonel
Messages
9,723
Everyone has to start their own thread with details so people can aware about the fraudulent.
 
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