One important thing which i forgot to mention is when they first told me that, State Bank of Mariutus has reject my transfer, i asked them to try through Barclays as hotforex also do banking with them, First John Watson(VIP account manager) told me that they cant send through Barclays as i deposited to State bank of Mariuts, they cant send through Barlclays, its against their Money laundring,when i told him that i never deposited throguh SBM, he changed the story, and told me that it will still go throguh their regulator. Dont you guys think all these are excuses not to pay me that time and now my account has been closed and i have to suffer a total loss of 23500 USD plus posisble profit, market moved to my favour after they closed my account.
Emails are below:
Hi John/Venelin
I can see on your website, you guys also use Barclays bank other than bank of mariutus, can you guys try through Barclays, i hope there wont be any problem, as it is international bank.
Please note that this is totally inconvenience for me. And i said earlier, i need those funds urgently.
Thanks
John Watson
Jun 24 (2 days ago)
to me, venelin
Hi Usman,
Due to the fact that you deposited to SBM, we must refund the money from SBM. This is in accordance to our Anti Money Laundering policy that we follow.
Kind Regards,
John Watson
VIP Account Manager
+44-2033185978
+44-2033188569
john@hotforex.com
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From: "usman arshad" <usman.arshad83@gmail.com>
Sent: Mon Jun 24 2013 18:15:27 GMT+0300 (EEST)
To: "John Watson" <john@hotforex.com>;
venelin@hotforex.com
usman arshad <usman.arshad83@gmail.com>
Jun 24 (2 days ago)
to John
Hi John
I never deposited wire transfer, i always deposited through debit cards which are already bank into my account. I never did a wire transfer. Please check again.
Thanks
Usman Jun 24 (2 days ago)
Hi John Please update. Is transfer through barclays is possible? As per your ...
usman arshad 8:44 AM (23 hours ago)
Hi John Please update regarding withdrawal through Barclays. Thanks
John Watson
9:09 AM (23 hours ago)
to me, venelin, sohail
Hi Usman,
Unfortunately it is not as it still has to go through our Regulators.
Please provide me with the criminal record report from the Pakistani embassy over there and we should be able to process the transfer.
The situation has got worst since i post my review on FPA.
My account has been blocked today, i have been labelled as terrorist, to my shock. The same bank account i use for my salary transfer, and other funds transfer. No issue at all. But its an issue when they try to transfer,They are not giving me any proof that what authorities are telling them, its top secret and its only their words for me which i have to believe.
I have been forced to close my open positions 80 standard lot on AUDUSD, Otherwise execution would have closed it, no time has been given, i had to suffered a loss of 25k. If those positions have been there, i had made a lot of profit.
Now they are asking certificate from embassy for clearance, which i can provide, but who will responsible for my loss, and all the tension has been given to me. The whole story started when i made a request for withdrawal of 15k.
Please please stay away from them, its good as long as you loose money, but when you start to make money, you will be in trouble, especially when you ask for withdrawal. You are not gona get anything, only trouble and tension. Totally scam.