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Onecorpfx have merged with Eforex

Discussion in 'General Forex Talk' started by Herringtrader, Jul 21, 2010.

  1. Herringtrader

    Herringtrader Private

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    I opened an account with Onecorpfx. I made about 50% profit with them then suddenly my account was disabled. Then I received an email from Eforex that my account was successfully opened with them. It turned out that Onecorpfx opened the account for me at Eforex and transferred my funds there. When I asked why they did this they told me that they have merged with Eforex. On the Eforex chat customer service had no idea of the merger......

    Did anyone have similar experiences recently with Onecorpfx?
     
  2. Pharaoh

    Pharaoh Colonel

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    I think a message sent to both Onecorpfx and Eforex tech support would be a good idea. If they give different stories, send both messages to both support addresses again.

    In the meantime, I'd strongly recommend testing a modest withdrawal to see if your new account still gives you access to your money.
     
  3. Herringtrader

    Herringtrader Private

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    XXX: Hello

    eFOREX Admin: Hello and Welcome to eFOREX LIVE support. How may I assist you?

    XXX: Could you please tell me what your relationship is with onecorpfx?

    eFOREX Admin: We have no relationship at this moment

    XXX: Onecorpfx told me that they merged with eforex. Can you confirm that?

    eFOREX Admin: No.

    sandor voros: Onecorpfx openned an MT4 eforex account for me. They transfered my funds there then my funds were transfered back to my onecorpfx account. Why did you let Onecorpfx to open an account form me?

    XXX: Could you please give me an explanation?

    eFOREX Admin: one corp was a customer of eForex. All funds have been transferred back to oneCorpfx. any inquiries regarding onecorpfx accounts, need to be directed to oneCorpfx directly.

    XXX: What do you mean by customer? Were they your Introducing Broker?

    eFOREX Admin: Yes

    XXX: Thanks!


    Onecorpfx asked me to withdraw all my funds and continue trading at EFOREX. But I have to open an account at Eforex as if I were a new customer.
     
  4. Pharaoh

    Pharaoh Colonel

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    Consider that eForex first denied any relationship, then admitted to one when confronted with facts. Is this the level of transparency you want from a broker?
     
  5. Herringtrader

    Herringtrader Private

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    Onecorpfx gave me all my profits. On their website there is no information about a merge with eforex or being an IB to eforex. I suppose they just wanted to get rid of me because I was making profits.
     
  6. aladar

    aladar Private

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    OneCorp FX withrawal problems

    On Jul 23, I received an email from Onecorpfx that "Do to compliance issues all clients will need to withdraw there funds and then
    re submit an application directly with EForex and then fund your accounts
    directly from your own bank account."
    Days later they disabled trading on my account, and after my 3rd withdrawal request they said that "Have sent multiple request to Boston Tech for the money but they seem to be having a
    problem with accounting. Have my attorneys working on it now."
    I asked for details but they didn't answer at all.
     
  7. aladar

    aladar Private

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    withdrawal problems

    Onecorfx hasn't wire transferred my funds yet, neither answered any of my emails since. I don't know how much delay should be tolerated.
    Is it possible that they just won't pay and swipe my money? I'm worried.
     
  8. Pharaoh

    Pharaoh Colonel

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    Sounds like it's time to start checking what regulators they are registered with, if any.
     
  9. aladar

    aladar Private

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    I think they are not regulated. :( They told me in the beginning that
    "funds are protected by FDIC. The bank acts as our CPO and Deutsche bank is
    the settlement bank."
     
  10. JOHN MICALLEF

    JOHN MICALLEF Recruit

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    JOHN
    I have an account with Onecorpfx and Mike told me that Boston Tech has magin called then and that they are engaged in a legal matter. Also that I should be calling boston tech. I called them and they said they look into the matter and will call you back they never did. I called Mike again to see what is happening I why he has disabled trading on my account . He replied if I wanted to trade I will have to open another account with Eforex and funding it again with other funds as the old account they are in court with Boston Tech. This is starting to look like a scam.
     

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