Resolved? - Cititrader.com
- Thread starter FM1
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BigT1
Sergeant Major
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FM1 has contacted me privately, and has indicated he has experienced severe intimidation from this firm, for his audacity in making public complaints about them. He has been threatened with a slander suite. I need FPA members to assure him of our support.
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Bulgarian FSA is to be made to recognize the fraudsters within their midst, and the EU Commission put on notice.
I personally urge any FPA members, especially those within the region involved, to become active supporters of FM1 on this thread.
Anthony Ingrassia, CTA
NFA ID#: 0278164
Pharaoh
Brigadier General
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If you can get those threats in writing, please post them here.
Remember, truth is the ultimate defense to a libel charge. If they file a suit, they will be obligated to prove that your statements are false.
Personally, I consider any broker that threatens to sue an unhappy client to be bordering on scam for that act alone.
Remember, truth is the ultimate defense to a libel charge. If they file a suit, they will be obligated to prove that your statements are false.
Personally, I consider any broker that threatens to sue an unhappy client to be bordering on scam for that act alone.
BigT1
Sergeant Major
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- 951
I concur Pharaoh.
I have had a detailed converstions with FM1, and based on his statements alone, I can only suggest here that he has apparently been forthright in his assertions, without exaggeration or falsehoods in his statements here and with those companies involved.
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I have urged him to press his case with the Bulgarian Regulatory Authorities, whether or not the malicious or errant firm ultimately settles with him, personally.
As I have already stated, "Poor FM1" is in a highly leveraged position as an international victim of a fraud based in a country that seeks entry into the EU, to effect history.
His voice shall ring loudly and linger longer through time, than any and all involved would like.
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AI.
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Thanks for the update
I've spoken directly with more than one person at Cititrader. They've been courteous but oddly uninformative in response to certain questions, as ALL binary options brokers seem to be. The field appears to be utterly riddled with dishonest brokers. One simple question no one ever answered to my satisfaction, is, a) what kind of account are your personal trading funds held in if you choose to invest and b) who does the paying out if you should win a binary bet? The salespeople make the claim that the person on the losing end of the trade pays the option, which, sort of makes sense but overall, there must be a simply insane volume of tug and pull to fill all the orders in a volatile marketplace. Somehow, the numbers don't add up and they don't make sense. On top of that, nearly eighty to ninety percent of these places operate out of the middle east. If you want to give your money to these good people, especially in the thousands, well, just go right ahead.
I've spoken directly with more than one person at Cititrader. They've been courteous but oddly uninformative in response to certain questions, as ALL binary options brokers seem to be. The field appears to be utterly riddled with dishonest brokers. One simple question no one ever answered to my satisfaction, is, a) what kind of account are your personal trading funds held in if you choose to invest and b) who does the paying out if you should win a binary bet? The salespeople make the claim that the person on the losing end of the trade pays the option, which, sort of makes sense but overall, there must be a simply insane volume of tug and pull to fill all the orders in a volatile marketplace. Somehow, the numbers don't add up and they don't make sense. On top of that, nearly eighty to ninety percent of these places operate out of the middle east. If you want to give your money to these good people, especially in the thousands, well, just go right ahead.
BigT1
Sergeant Major
- Messages
- 951
As an NFA Registered CTA, and a former SEC Licensed Stockbroker for AG Edwards, plus a NYS Licensed Insurance Agent for New York Life with 35 years of experience, I am in a position to help FPA members understand their financial positions, their predicaments, and their rights & options within the regulatory environment. I am trying to reverse the recently grown strong negative reputation of professionals in this industry, brought upon themselves by their own actions. Corsine, Madoff, PFG, and a host of others notwithstanding; not everyone in this industry is a thief, and I am here to bear witnness to that.
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In addition, I am able to offer the investing public (through an NFA Approved Disclosure Document) a CTA run investment program to qualified, sophisticated investors. In the near future I plan to introduce a unique forex investment program, to be operated largely by automated systems (EAs) in conjunction with plain vanilla Options on Spot Forex, within a Risk Managed Fund to provide a safer and stronger means of obtaining a decent ROI in the forex markets, than an individual trader can usually realize on their own. Stay tuned.
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If you click the BigT1 link to the right of my photo, you can read my other posts.
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Anthony Ingrassia, CTA
NFA ID#: 0278164
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Pharaoh
Brigadier General
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