Resolved - Limit Markets Ltd www.limitmarkets.com FOREX SCAM

ZubairLodhi

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Limit Markets Ltd limitmarkets.com

This company had done a SCAM with me, i am their live Account holder. They are not paying my account equity

MY MONEY WITH THEM USD 37876 !

Details of company
Name: limit markets ltd.
Website: limitmarkets.com
Regulator: Vanautu Financial Services Commission
License Type: FINANCIAL SERVICES DEALER
OWNERS (TURKISH NATIONALS)
1- VOLKAN CIHAN KAYA
2- AHMET AVCI

OFFICES:
1-VANAUTU (Registered Address)
2-DUBAI UAE (MAIN OFFICE FOR DEPOSIT WITHDRAWALS & AC OPENING)
3- MONTENEGRO
4- PAKISTAN.

I am their Dubai office Customer, and I had following trading accounts with them

Ac#1 = 10273 (HAVING USD 2182)
AC#2 = 10274 (HAVING USD 35694)

TOTAL EQUITY 37876 USD.

They had DISABLED MY MT4 trading account on late night 30 january 2020.

Since Then They are not replying me.

This is my last trade LOG with them, after that they disabled the Account both logs im pasting.

2020.01.30 09:29:09.956 '10274': close order #24393073 buy 1.60 NQ_H20 at 9057.75 sl: 0.00 tp: 0.00 by order #24387407 sell 1.70 NQ_H20 at 9113.75 sl: 0.00 tp: 0.00

2020.01.30 09:29:10.045 '10274': order #24393073 was closed by #24387407


--- DISABLED MY AC AFTER IT SEE LOGS.
2020.01.30 18:45:26.165 '10274': connect failed [No connection]

2020.01.31 03:40:36.626 AccountHistory: '10274' cannot login to: LimitMarkets-Live


Since 31 january 2020 i am sending them emails about my trading account with them, and my withdrawal of money USD 37876. and these guys did not replied to a single email.

They are SCAM!

Im attaching my trading account statement with them
 

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ZubairLodhi

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20
I just Checked one more thing after loosing my money with them.

They are a company who already in past had been issued a Warning Letter / Blacklist letter by the SCA (Securities & Commodities Authority) of the United Arab Emirates.

They had previously old design of their website, where they had put a Dubai Sheikh Zayed office address and phone number, and as soon as they received a warning letter by SCA for operating their illegal activities in the UAE they removed their dubai office address and phone number and changed the website design.

But the SCA is still looking for them.
Later they silently opened a General Trading Company in Dubai and opened its office in Deira Gold Land building in Gold Souk. to Take Cash Deposits & Withdrawals from general public.

I will post few more proves and also we will post up legal updates too as I will not leave these cheaters.
I will inform SCA about them, and also other concerned Authorities and courts.
 

4evermaat

2nd Lieutenant
Messages
1,965
Why did you initially deposit your money with a company or people you did not know well?

Next steps:

> Can you login from desktop and submit the full account history statement? Use this tutorial: https://www.forexpeacearmy.com/comm...ccount-trade-history-statements-part-1.63543/

Also get all screenshots / video evidence of your account that you can (bandicam / thundersoft screen recorders)

> Have you written a review of the company? https://www.forexpeacearmy.com/forex-reviews/17342/limitmarkets-forex-brokers

> familiarize yourself with FPA's Traders court rules: https://www.forexpeacearmy.com/community/threads/new-traders-court.58022/

> after 96 hours, you may formally invite the company here: https://www.forexpeacearmy.com/comm...how-to-invite-a-company-to-your-thread.58438/

> Do NOT abandon this thread. Every week, check back to report any updates from the company and/or respond to any unanswered inquiries.
 

ZubairLodhi

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20
Actually While they are sitting in Fx market
and they have their office in Dubai.

A lot of clients were working with them when I came to know about this company through their another client, who was marketing for them.

I checked them, they are operating on a large basis, they were doing country to country marketing, Conducting big seminars of hundreds of peoples/market clients at a time.

where as I saw their seminars pictures and their offices, so I started with them.

because no broker is personally a friend of mine or a friend of a trader/client.

Where as they says in the market we are a big group. our owners are Turkish nationals and we have offices in Turkey, Montenegro, Dubai India, Pakistan & Afghanistan.

So I started trading with them, and it was fine until they disabled my trading account.






Why did you initially deposit your money with a company or people you did not know well?

Next steps:

> Can you login from desktop and submit the full account history statement? Use this tutorial: https://www.forexpeacearmy.com/comm...ccount-trade-history-statements-part-1.63543/

Also get all screenshots / video evidence of your account that you can (bandicam / thundersoft screen recorders)

> Have you written a review of the company? https://www.forexpeacearmy.com/forex-reviews/17342/limitmarkets-forex-brokers

> familiarize yourself with FPA's Traders court rules: https://www.forexpeacearmy.com/community/threads/new-traders-court.58022/

> after 96 hours, you may formally invite the company here: https://www.forexpeacearmy.com/comm...how-to-invite-a-company-to-your-thread.58438/

> Do NOT abandon this thread. Every week, check back to report any updates from the company and/or respond to any unanswered inquiries.
 

ZubairLodhi

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20
The OP has invited the company to this discussion on Mar 4, 2020 at 8:46 PM
 

4evermaat

2nd Lieutenant
Messages
1,965
Actually While they are sitting in Fx market
and they have their office in Dubai.

A lot of clients were working with them when I came to know about this company through their another client, who was marketing for them.

Who is this "another client"? Do you have any photos, names, contact info, screenshot of conversations?

I checked them, they are operating on a large basis, they were doing country to country marketing, Conducting big seminars of hundreds of peoples/market clients at a time.

where as I saw their seminars pictures and their offices, so I started with them.

because no broker is personally a friend of mine or a friend of a trader/client.

Do you have any photos/video saved of these seminars, offices, etc

Is this the first time someone has told you a lie?

The scam is a little more sophisticated. But an elaborate con is still a con.


So I started trading with them, and it was fine until they disabled my trading account.

So many victims here rarely look seriously at the broker's business model (how they make revenue from their clients, technology, etc). If they did, they would run away quickly.

----

Thank you for having the courage to come forward and share your experience. It will possibly help you recover some of your money back and help

The goal of the con artist isn't to convince the skeptic, but to allow fools to continue to believe what they want to believe. So the question then becomes how much longer do we remain foolish?

Hopefully you will try to complete as many steps in post #2 as you can over the next few days.
 

ZubairLodhi

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20
I have Their Seminar Pictures,
Their Owners Pictures, the Manager pictures, etc everything required.

also I have screenshots of Conversation with the company Manager Mr Fahti YUCEL, who is there regional manager, and who was directly my account manager too.

Who is this "another client"? Do you have any photos, names, contact info, screenshot of conversations?



Do you have any photos/video saved of these seminars, offices, etc

Is this the first time someone has told you a lie?

The scam is a little more sophisticated. But an elaborate con is still a con.




So many victims here rarely look seriously at the broker's business model (how they make revenue from their clients, technology, etc). If they did, they would run away quickly.

----

Thank you for having the courage to come forward and share your experience. It will possibly help you recover some of your money back and help

The goal of the con artist isn't to convince the skeptic, but to allow fools to continue to believe what they want to believe. So the question then becomes how much longer do we remain foolish?

Hopefully you will try to complete as many steps in post #2 as you can over the next few days.
 

4evermaat

2nd Lieutenant
Messages
1,965
I have Their Seminar Pictures,
Their Owners Pictures, the Manager pictures, etc everything required.

also I have screenshots of Conversation with the company Manager Mr Fahti YUCEL, who is there regional manager, and who was directly my account manager too.

But you haven't attached anything to the forums yet. Please attach everything now.

In the future, just attach your evidence. Dont wait for us to tell you.

If any evidence is too big, you can upload it to dropbox, google drive, iCould, etc and post the shareable link in the forum. If you have many, you may consider sharing the entire folder. Just make sure each filename makes each file content easily distinguishable.
 
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ZubairLodhi

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Picture of a Seminar.
Where they went to Pakistan to market clients for them.

Person Sitting on Chair is FAHTI YUCEL, Their Regional Manager, Turkish National.

Second picture, (Single Man Standing) is VOLKAN CIHAN KAYA, their Owner/Director. who is standing in a Seminar Event for their company Limit Markets

FAHTI YUCEL's Visiting Card is also attached.

Also I came to know, they Fired FAHTI YUCEL as well now so that the connection of conversation between the client and the company (which was through the Account manager) may permanently cut off.

and they are not responding to emails as well.


Their Office Head in Dubai, namely RIYAS MEMANA. who was speaking to me before, when I applied withdrawal, he said to me inshallah tomorrow you will get withdrawal as you are in FAHTI TEAM etc has also now stopped replyine me.

The OWNER VOLKAN have said to RIYAS in initial days that RIYAS you stay out of it it is our headoffice matter and we will look after our self.

Later on CHAT of their website, they have replied me following STUPID thing.

" YOUR MONEY WITH TASLEEM ASK FOR WITHDRAWAL TO HIM"

While when I opened Account with them, Mr Tasleem was their company's Head for ASIA, / Marketing Director and he was on employment with them, They cancelled relations with tasleem in November 2019.

While in December 24 2019, FAHTI YUCEL TURKISH MANAGER DIRECTLY SPOKE TO ME and informed that we cancelled relation with tasleem, he was not a good guy etc now you contact to us directly and your account is safe with us, he also done a ID verification from me where he asked me to send him my passport again and also send another selfie of my face holding my passport to verify its me, then Fahti processed my withdrawal on 24 dec 2019.

Again on 2 January 2020 he processed my another withdrawal Directly from Limit Market Head office and it was approved from headoffice and paid and processed from dubai office.


So QUESTION IS

When one of their employee left/departed in November, and their another manager comfirmed me this in December
and then they approved and paid my withdrawal in December 2019
and January 2020 as well.

then at the end of January (2 months later then the old employee left, how can their chat guys says your money with tasleem and money not with us)

What kind of cheaters are they?

I invited the company to come to traders court,

NOW LIMIT MARKETS & Mr VOLKAN, if you are a Real man, and a real business man and a professional company then why don't you come to trader court?
why you are hiding your self


After you are unable to give withdrawal to your client, you think a new story and said to client that money with old employee,

if money was with old employee then how company given two times withdrawal after the old employee was fired/or he left the company.

This is all bull****.
 

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ZubairLodhi

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I Also invited the company to this discussion at this traders court on Mar 4, 2020 at 8:46 PM

If Limit Markets Ltd limitmarkets.com is really a professional and a reputable company then they must join the discussion and defend their self

if they don't come to discussion then World will know that they are really cheaters, and they will keep scamming clients in future too.
 
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