Dear All
I recently opened an account with Knight Capital and opted for Fortress Fund Money Manager to manage my trades. Immediately after funding I felt it would be better to do the trading on my own. However after I funded my account the trader opened 4 positions 2 EURUSD and 2 USDCAD (Buy & Sell same time). I requested Fx Broker to detach my account from the money manager's account. They responded saying that i need to contact Money Manager to close the open trades to detach the account.
I requested Fortress Fund to close the trades so that I can detach the account. Now they are saying they can't close as it is not possible to close trades nor I can request to withdraw funds until they close the trades. On their website it clearly says that investor can request detach of their accounts at any time. However now they say that that is not the case and what ever they put on their website is not a legal contract between me and Fortress Fund.
I am now stuck with these guys and I have a feeling that they would just keep the trades running to lock me or any other investor funded their account. Can anyone help?
I guess Knight capital involvement in this as well as when I try to open an account directly with them, My application is forwarded to Fortress Funds without my notice. Which means if I fund my 2nd account it will also link to Fortress Fund without my notice.
Thanks
Vas
I recently opened an account with Knight Capital and opted for Fortress Fund Money Manager to manage my trades. Immediately after funding I felt it would be better to do the trading on my own. However after I funded my account the trader opened 4 positions 2 EURUSD and 2 USDCAD (Buy & Sell same time). I requested Fx Broker to detach my account from the money manager's account. They responded saying that i need to contact Money Manager to close the open trades to detach the account.
I requested Fortress Fund to close the trades so that I can detach the account. Now they are saying they can't close as it is not possible to close trades nor I can request to withdraw funds until they close the trades. On their website it clearly says that investor can request detach of their accounts at any time. However now they say that that is not the case and what ever they put on their website is not a legal contract between me and Fortress Fund.
I am now stuck with these guys and I have a feeling that they would just keep the trades running to lock me or any other investor funded their account. Can anyone help?
I guess Knight capital involvement in this as well as when I try to open an account directly with them, My application is forwarded to Fortress Funds without my notice. Which means if I fund my 2nd account it will also link to Fortress Fund without my notice.
Thanks
Vas