New Name, Same Scammer, Omari and Prime4x Return as CommexFx and CommexTrade

AsstModerator

FPA Forums and Reviews Admin
Messages
5,534
New Name, Same Scammer
Omari and Prime4x Return as CommexFx and CommexTrade


The FPA doesn't like to call for destruction of a company. Everyone here hopes that even the worst forex company will eventually realize that there are more profits to be made from happy customers than from ripping people off. Only in the most extreme cases does the FPA want to see a company eradicated. Prime 4x was one of those cases.

Prime's record is well documented at the FPA. Suddenly withdrawals problems escalated to levels far above normal. Usually, the FPA could convince the company to pay money owed, but for every payment made 2 or 3 new complaints popped up. The amount of time to get a single complaint resolved kept getting longer and longer as the believability of excuses kept going down. Finally, Prime4x stopped paying people and got a scam finding. Despite this, Omari kept making excuses and asked that the Scam Finding be lifted. It would have been lifted if he'd payed traders the money owed. He didn't. There was even a supposed change of leadership at Prime. A new president was allegedly appointed and claimed he would fix things. There was no information about him anywhere online. He fixed nothing. It's obvious that this was just another excuse to delay paying traders.

Because of Omari's delays, one trader in China was unable to withdraw money needed for medical treatment for his mother. Omari was well aware of this. I personally emailed him to make sure he understood the situation. He didn't do anything except keep the money. The trader's mother died. Legally, I'll guess that this makes Omari guilty of some sort of manslaughter. In my personal opinion, he's guilty of cold blooded murder.

There wasn't any choice left. Prime was still getting new clients and was paying no one. The FPA called for Prime4x's destruction. A few days later, the website went offline.


Then the waiting game began. I had a feeling someone as terrible as Omari wouldn't settle for sitting back with all the money he's already taken. He'd probably spend all of it quickly and want more. I kept hearing rumors of one brokerage or another that he was supposed to have bought. There was never any evidence and there weren't any complaints against those brokers.

Finally, I got an email with proof. Omari had a new brokerage in Cyprus. The registration even said that it was formerly Prime4x. The new company was called Commex Fx LTD. It seemed to be associated with CommexFx.eu and CommexTrade.com. Omari had even been emailing former Prime4x clients claiming that everything was fine and they could start trading again. For some reason, he still kept having excuses and delays on withdrawals.

The person who reported it didn't want his name used. He put me in touch with FPA member Wolf who confirmed everything and provided more evidence. I then called on FPA members Pharaoh and F-Man of 4xAngels.com to do some more digging. They came up with even more evidence linking all the companies and websites together.

The Cyprus registration for CommexFx LTD lists ABDEL RAHMAN KHEDR ABDEL RAHMAN EL AMARY as the sole stockholder. Omari seems to have a lot of ways to write his name. When he was at Prime4x, he went by Abdel Rahman El Omari. The address Omari gave to Cysec was 90 El Hegaz Street, Helioupolis Square , Cairo, Egypt.

All of the Commex websites, including CommexTrade.com, .net, org, and .info as well as CommexFx.eu, .com, org, and .info are tied to Prime4x. All at some point used Marketology.us for registration or DNS servers. Prime4x.com and CommexFx.eu are both hosted on the same server as Marketology.

It looks like Omari planned this for a long time. The Comex Fx websites were registered more recently, but the Commex Trade websites were first registered in February of 2011. That's before Prime4x's website went down.

If you were a client of Prime4x or have an account with Commex Trade or Commex Fx, you need to file a complaint with Cysec. Send an email to complaints@cysec.gov.cy and include all of your account information. Omari is trying to claim that the Commex that's registered in Cyprus isn't the same Commex that has your money. He's said that it's the other Commex and that company is registered in Belize. Send a complaint to director@ifsc.gov.bz and let him know what's going on. If either of those organizations would like to contact the FPA, I'll share all the evidence that F-Man and Pharaoh dug up.

Give all the information you have to the authorities. If you are in Egypt, file a complaint with the police. Try to contact InterPol and see if you can get them interested in the case. Leave Omari with no place to hide. This man needs to be dragged before a judge in Egypt or Cyprus to face charges for his financial crimes. He then needs to be taken to China to answer for his part in the death of a trader's mother.


My thanks to that unidentified FPA member, Wolf, Pharaoh, and F-Man of 4X Angels. Without their help, Omari might have gotten away with this.


FPA Scam Finding against Commex Fx, Commex Trade, and Omari

FPA Scam Finding against Prime4x.com

List of client complaints against Prime 4x. Report Prime4x successful and unsuccessful withdrawals here.

Original warning message sent about Prime4x.com

FPA Review Page for Prime4x
 
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FXFORME

Fx-Persia.com Representative
Messages
120
Hi

Thanks for your great Information.
We will act as the way you asked as soon as possible and will update everyone with the results.
 

Nigel Mollink

Recruit
Messages
1
I wish to ask how I should proceeed. I have funds with Commex Trade and have not asked to withdraw any. In view of this I cannot submit a complaint to Cysec. What do you advise because I now obviously wish to withdraw my funds and find an honest broker.
Please help!!!!
Nigel.
 

wisefxtrader

Private
Messages
14
I would advise you try to withdraw funds from them immediately before any problems arises then Commex may not able to do your request. I will never go with small brokerage and unknown reputations. I would encourage you going to big brokerage firms such as FXCM, Interactive Brokerage, and large brokerage that has direct dealing. It will give you peace mind and you can continue trading your methods without any interruptions



I wish to ask how I should proceeed. I have funds with Commex Trade and have not asked to withdraw any. In view of this I cannot submit a complaint to Cysec. What do you advise because I now obviously wish to withdraw my funds and find an honest broker.
Please help!!!!
Nigel.
 

Pharaoh

Colonel
Messages
19,717
Nigel, try to withdraw your money now. If there is any delay or excuse, email Cysec and IFSC immediately to report the problem.

Post what happens here.
 

4evermaat

2nd Lieutenant
Messages
1,195
Is CommexFx.com included in the scam? Two things worry me about this organization:

1) They just opened up a competition at MyFxBook. See for yourself.

2) I recently had a chat conversation with a representative who seemed completely incompetent.
Chat session started at 10:30:29 AM
Please be patient while you are being connected with an operator ...
You are now chatting with Support Representative
Support Representative: Welcome to CommexFX, how may I help You today?
jon: did?
jon: did you read the first question?
Support Representative: Yes Sir, we got it
Support Representative: Forex is a true global 24-hour marketplace. The trading day begins in Sydney, and moves around the globe as each financial center comes to life. Tokyo follows, then London, and finally New York. Investors can respond in real time to any fluctuations caused by current economic, social and political events.
Support Representative: The first session, which is the Tokyo Session, begins each week on Monday morning in the Asia-Pacific region which is Sunday evening in the Americas. Trading continues non-stop moving into the London Session and on to the New York Session until all markets close on Friday afternoon.
jon: you didn't read the question :(
Support Representative: Can you please let me know your inquire ?
jon: what time does your metatrader 4 platform open and close (mt4 market watch time)? [note: this was an exact copy/paste of the original question that was sent when the chat started]
Support Representative: It begins each week on Monday morning in the Asia-Pacific region which is Sunday evening in the Americas.
jon: what time does the support staff (the day staff that handles account inquiries) come into the office?
Support Representative: it's close all markets close on Friday afternoon.
jon: english is your first language?
Support Representative: our support staff available 24 hours Sir,
Support Representative: Yes Sir,
jon: Ok, Please have a account manager call me immediately @ +xxxxxxxxxxxxxxxxx.
Support Representative: Ok Sir,
Support Representative: we will arrange a call for you our department will contact you very soon Sir,
Support Representative: Is there any other issue i can help you with ?
jon: Please provide the person who calls me with this question in hand: what specific time does your metatrader 4 platform open and close (as shown in mt4 'market watch' timezone)?
Support Representative: Ok Sir we will
jon: where are you located now?
Support Representative: we are located at Cyprus
jon: what about you personally? where are you located?
Support Representative: i'm in my office at Cyprus
jon: ok
Support Representative: Ok Sir kindly accept our best wishes our department will caontact you very soon to answer your questions .
jon: Do you have any representatives on any forex forums?
Support Representative: For this you can send email to our support department at support@commexfx.com they will give you the whole details about this issue .
jon: how long has your brokerage been in business?
Support Representative: CommexFx is authorized and regulated Since 2004 .
jon: thank you.
Support Representative: Thank you Sir , please feel free to contact us at any time .
I've dealt with unknowledgable customer support reps before, but I've never seen such a blatant attempt to disregard specifics despite me asking several times in my life. While I was chatting with the representative, I got so pissed I started to google for discussion on commexfx and came across this FPA page, which led me here.

I cannot call outright scam, but i am surprised any reasonable person would open an account with this company based on my limited experience with them. Although the myfxbook contest will legitimize them to those not initiated: Anywhere between 2000 and 5000 participants actively promoting their platform.

I wasn't a big fan of FPA before, but I think you might be onto something here.
 

Pharaoh

Colonel
Messages
19,717
Oh great. Omari is pushing ahead to gather a new flock of sheep to slaughter.

Every victim of Prime4x needs to spread the word about this.
 
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