PlusFn scam?

bukti

Recruit
Messages
7
PlusFn is a slow scammer,BEWARE!I started trading with them in a managed scheme ,run by brothers Raz & John Axlerod,in July 2014,who claimed to be trading large accounts ,over US$50K,but had decided to allow smaller traders like me to join in a combined fund,where all the small accounts of US$5K and upwards, would be combined to make up US$50K accounts, and the profits would be divided up accordingly,and they would take 25% commission ONLY from any profits if they occurred.This all sounded very good, but I forgot to check if their London office was registered,which it is NOT! They would trade not only FX but also gold ,oil,wheat etc.
This seemed to work fantastically for a year and a half with ROI around 80%, until Dec.2015,when my account was up to around US$21,& I decided to withdraw about US$12K to pay off some debts.This was the last time I had any communication with them,and John Axlerod said to give him a couple of weeks to organize this request ,so he could re-set the trading algorithms.This is now Feb,2,2016 and that was the last time I had any communication with anybody at PlusFn.
I have tried Skype, the usual way I talked to them all the time,normal phone call, e-mail,their "chat" window(try it on their web site your self now,and see it is non functional now)and even tried snail mail to their main office in Anguilla(registered mail too,nothing happened?
I tried to withdraw capital via their banking section, all I got was an automated e-mail acknowledging my request,saying they would contact me in a few days.This happens at every attempt to contact them.
My MT4 platform login ceased to work,so I can no longer watch the actual trades as before, but I can still log in and view the "My Account" section on their web page,where all the pages of trades taken over the year and a half are still displayed,with the last half dozen open trades still seeming to be trading,although it is like a rudderless ship, as no action is being taken to close any big profits occurring,or new trades being opened.
I have notified them by letter, and email I want that account closed,that I am no longer part of any contract with them,as they have ceased to fulfill their part of the contract completely,because I am not sure what if any liability I may have if the trading account continues and goes negative eventually?
The final balance now is US$7586 and never changes anymore,but what if it does go negative,who would know what the liabilities/legalities might be?If anybody does know,please contact me at Frank bukti@tpg.com.au ?
I can not understand what the scam is actually,as the lost money was lost in 2 stupid last trades,not to them stealing any(as far as I can see anyway),and the balance is still there,doing nothing?It is as if the entire staff at PlusFn had died suddenly,or closed up shop and just went away,leaving it all running like a ghost ship?If anyone has any ideas on this, please let me know.

Leave your comment (spam and offensive messages will be removed)
Name (optional):
E-mail:*
Title (optional):

  • Bold
  • Italic
  • Stroke through
  • ---------------
  • Bulleted List
  • Numeric List
  • ---------------
  • Picture
  • Link
  • ---------------
  • Clean
  • Preview
  • Bold
  • Italic
  • Stroke through
  • ---------------
  • Bulleted List
  • Numeric List
  • ---------------
  • Picture
  • Link
    PlusFn is a slow scammer,BEWARE!I started trading with them in a managed scheme ,run by brothers Raz & John Axlerod,in July 2014,who claimed to be trading large accounts ,over US$50K,but had decided to allow smaller traders like me to join in a combined fund,where all the small accounts of US$5K and upwards, would be combined to make up US$50K accounts, and the profits would be divided up accordingly,and they would take 25% commission ONLY from any profits if they occurred.This all sounded very good, but I forgot to check if their London office was registered,which it is NOT! They would trade not only FX but also gold ,oil,wheat etc.
    This seemed to work fantastically for a year and a half with ROI around 80%, until Dec.2015,when my account was up to around US$21,& I decided to withdraw about US$12K to pay off some debts.This was the last time I had any communication with them,and John Axlerod said to give him a couple of weeks to organize this request ,so he could re-set the trading algorithms.This is now Feb,2,2016 and that was the last time I had any communication with anybody at PlusFn.
    I have tried Skype, the usual way I talked to them all the time,normal phone call, e-mail,their "chat" window(try it on their web site your self now,and see it is non functional now)and even tried snail mail to their main office in Anguilla(registered mail too,nothing happened?
    I tried to withdraw capital via their banking section, all I got was an automated e-mail acknowledging my request,saying they would contact me in a few days.This happens at every attempt to contact them.
    My MT4 platform login ceased to work,so I can no longer watch the actual trades as before, but I can still log in and view the "My Account" section on their web page,where all the pages of trades taken over the year and a half are still displayed,with the last half dozen open trades still seeming to be trading,although it is like a rudderless ship, as no action is being taken to close any big profits occurring,or new trades being opened.
    I have notified them by letter, and email I want that account closed,that I am no longer part of any contract with them,as they have ceased to fulfill their part of the contract completely,because I am not sure what if any liability I may have if the trading account continues and goes negative eventually?
    The final balance now is US$7586 and never changes anymore,but what if it does go negative,who would know what the liabilities/legalities might be?If anybody does know,please contact me at Frank bukti@tpg.com.au ?
    I can not understand what the scam is actually,as the lost money was lost in 2 stupid last trades,not to them stealing any(as far as I can see anyway),and the balance is still there,doing nothing?It is as if the entire staff at PlusFn had died suddenly,or closed up shop and just went away,leaving it all running like a ghost ship?If anyone has any ideas on this, please let me know.

    Leave your comment (spam and offensive messages will be removed)
    Name (optional):
    E-mail:*
    Title (optional):
    • Bold
    • Italic
    • Stroke through
    • ---------------
    • Bulleted List
    • Numeric List
    • ---------------
    • Picture
    • Link
    • ---------------
    • Clean
    • Preview
    • Bold
    • Italic
    • Stroke through
    • ---------------
    • Bulleted List
    • Numeric List
    • ---------------
    • Picture
    • Link
    • ---------------
    • Clean
    • Preview

    SUBMIT COMMENT
    SUBMIT COMMENT

    Send Private Message:
    Name: alzahif (Complainant)

    Message *:Your email *:phone number (optional):
    SEND MESSAGE
    SEND MESSAGE
  • ---------------
  • Clean
  • Preview

SUBMIT COMMENT
SUBMIT COMMENT

Send Private Message:
Name: alzahif (Complainant)

Message *:Your email *:phone number (optional):
SEND MESSAGE
SEND MESSAGE
 

bukti

Recruit
Messages
7
Sorry all, I am new to posting and when I pasted my story and nothing seemed to happen I pasted it again in case I made a mistake.Please reply if you have any more information on PlusFn for me.Thank you,Frank
 

FxMaster

Lt. Colonel
Messages
9,154
Two steps that you must follow

1st - Invite them to join this thread via email (Send email to every possible address).

2nd - Go to their website and invite them to here via Live Chat.
 

bukti

Recruit
Messages
7
Two steps that you must follow

1st - Invite them to join this thread via email (Send email to every possible address).

2nd - Go to their website and invite them to here via Live Chat.
PlusFn does not reply to anything,any form of communication,e-mail, Skype, telephone,registered snail mail to their Anguilla head office,or their
"chat" window and "contact" link on their web page?
 

FxMaster

Lt. Colonel
Messages
9,154
You must check about company or broker before you invest funds with anyone. How you deposited money?.
 

bukti

Recruit
Messages
7
You must check about company or broker before you invest funds with anyone. How you deposited money?.
Deposited via special trading card account at the bank here.I had access to the MT4 platform then,and could open & close trades, but did not realize it was a live account,very naive then, and I closed a lot of open trades I should not have ,lost about half the account balance.My fault,so they agreed to make the MT4 read only,so i could view the trades as they occurred, but could not interfere in any way.I then added what I had lost with another deposit,again via credit card.I also withdrew $600 at some point early in the year 2014,just to test it,which also was deposited back in to my account ok, so I thought it was all good?The trades were all very varied,across FX,gold,oil,wheat etc,small & larger volumes,but all very controlled and correct volume sizes relative to my account balance.I t could not have been done better,there were around 11 pages of trades on their web site in "My Account",and they are all still there right now,with the open trades still going up and own with some really large profits at times(eg $6,480 right now on wheat trade) but no one is doing anything with anything.I cannot access anything else regarding contacting them,but I can still log in to "My Account" for some reason, even though I cannot log in to the MT4 platform anymore either.Will attempt to add screen shots of my account showing the some of the last trades.I could cry seeing that huge profit sitting there on that wheat trade @ $6480 and cannot touch it.Just keep away from them people ,be warned by this example.2016-02-09_My_Account_balance_screen_shot_#1.png 2016-02-09_My_Account_screen_shot_#2.png 2016-02-09_My_Account_screen_shot_#2.png
 

bukti

Recruit
Messages
7
Try to talk with your Bank about the scam and ask them for help first.
Too long ago now for any bank action to be possible unfortunately Original deposit July 2014 second deposit Nov.2014.Thanks for the suggestion anyway..
 

Pharaoh

Colonel
Messages
19,840
Check the bottom of their homepage (and get screenshots). They claim connections to UK and St Vincent/Grenadines.

This opens the possibility to complaint to Action Fraud, the UK FSA, and whoever handles financial regulation in St. Vincent.
 

bukti

Recruit
Messages
7
MAICO Building- 2nd Floor - P.O. Box 1575 - The Valley - Anguilla, B.W.I. AI-2640
Tel.: (264) 497-5881 - Fax: (264) 497-5872 - E-mail: gerry.halischuk@afsc.ai - Website: www.fsc.org.ai
ANGUILLA FINANCIAL SERVICES COMMISSION
__________________________________________________________
INVESTOR ALERT
PlusFN Limited
+FN.com
Yamix Marketing Ltd
The Anguilla Financial Services Commission (the “Commission”) is informing the public that
PlusFN Limited, +FN.com and Yamix Marketing Ltd are not licensed, nor have they ever been
licensed, by the Commission to carry on the business of trading securities or commodities of
any type, including foreign exchange (“forex”).
Any such business incorporated or otherwise organized under the laws of Anguilla is not
regulated by the Commission and may not be regulated anywhere. Investors should be aware of
the risks associated with unregulated investment business.
Any complaints with respect to PlusFN Limited, +FN.com and Yamix Marketing Ltd may be
directed to the registered agent of PlusFN Limited and Yamix Marketing Ltd, namely:
Stafford Corporate Services Ltd
201 Rogers Office Building
Edwin Wallace Rey Drive
George Hill
Anguilla, B.W.I.
Tel: +1 (264) 498-5858
Fax: +1 (264) 497-5504

For a discussion of the risks associated with forex trading, please read the Investor Alert dated
11 December 2014 entitled “Unregulated Investment Business”, available on the website of the
Anguilla Financial Services Commission.
Any queries with respect to this investor alert should be sent to: info@fsc.org.ai.
Anguilla Financial Services Commission
27 May 2015

SO BE AWARE ,DO NOT GET CONNECTED WITH THIS LOT (PLUSFN) OR TAKE THE CONSEQUENCES!
 
Top