fxdigi-cash
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Hi all,
Good day,
I’m here to complain on behalf of one of my clients who have been scammed by one of the Forex brokers. Since my client can speak or write in English, I’m going to tell all story of how it happened and you traders and mods can judge on this.
The story begun when my client was looking for account managing service he can hire to manage his account under some Forex broker. He found Leo invest plc site that does account managing and works with “regulated and none regulated” forex brokers. He sent them a message and someone “Ahmed Alkadah” from Leo invest plc gave him a call to provide information regarding their account managing service. The caller voted for gtcfx.com to open a real account with under leo invest with a minimum of $10K USD. Then a rep from gtcfx called the client to follow up with him till the deposit was made to the real account. All required documents were submitted at that time and the account was activated. And next few days, the client called the broker gtcfx to withdraw all deposit and the profit made. At this point, the account hit a profit of 71% so that total was almost $17K USD. The client then talked to the broker to change his account type so he can handle it by himself, but they rejected. They mentioned that Leo invest is the one you should ask to withdraw your deposit+ profit. They also mentioned that Leo invest account manager has to approve your request on withdrawing your deposit; otherwise, you can’t get your money back.
The client then went to contact both Leo invest and gtcfx broker and got no response for emails or calls. He then went writing some threads after a week or so on forex forums mainly Arabic ones warning those who deal with the company and the broker, and complaining about what happened.
A week later, the broker contacted the client informing him that next 94 hours the issue will be solved, and unfortunately, nothing happened. When the client kept writing more again about his story, the broker called him again informing that they “gtcfx broker” will return back the deposit ONLY which is $9300 USD not $10,000 USD as they state. The original deposit was $10,000 exactly and was sent from Net West Bank. Also, the account statement shows the main deposit, which is $10K. I can attach the state if needed as proof.
The broker said they will pay back the original deposit ($9,300USD not the $10,000USD) in 10 business days, and that message was sent on October 08th, 2012 and was due October 22nd, 2012. However, till today, which is October 30, 2012 nothing was sent to the client bank account.
The strange thing is that the client says to me that he never signed any contract with Leo invest, but they managed his account anyways. Till this point the client has not been paid yet his money back and no response from Leo invest on this issue. And the broker gtcfx doesn’t want to pay back client deposit for the reason he signed a contract with Leo invest.
On October 21st , 2012 the client got a strange message from “Ahmed Alkadah” a rep at Leo invest plc saying that he has no idea why the client still has an account with gtcfx, and what kind of service is applied from Leo invest to the client account.
I have all emails “in Arabic” between the client and gtcfx broker on the withdrawal as well as the client contact number if anything is needed.
I leave this issue to you traders and mods to judge on this issue. At the same time, this is a warning to those who deal with forex brokers such GTCFX and hire account managing service companies such as Leo invest.
Broker name: GTCFX
Website: gtcfx.com
Regulation: unregulated broker
Account managing company: Leo Invest Plc
Website: [url]www.leoinvestplc.com [/URL]
Regulation: FSA UK – 521108 - Leo Invest plc
Current status: 25/03/2010
Address: 33 Sir John Rogerson's Quay, Dublin 2
Looking forward to hearing your comments about all what happened in this story.
Best wishes
Fxdigi-cash
Good day,
I’m here to complain on behalf of one of my clients who have been scammed by one of the Forex brokers. Since my client can speak or write in English, I’m going to tell all story of how it happened and you traders and mods can judge on this.
The story begun when my client was looking for account managing service he can hire to manage his account under some Forex broker. He found Leo invest plc site that does account managing and works with “regulated and none regulated” forex brokers. He sent them a message and someone “Ahmed Alkadah” from Leo invest plc gave him a call to provide information regarding their account managing service. The caller voted for gtcfx.com to open a real account with under leo invest with a minimum of $10K USD. Then a rep from gtcfx called the client to follow up with him till the deposit was made to the real account. All required documents were submitted at that time and the account was activated. And next few days, the client called the broker gtcfx to withdraw all deposit and the profit made. At this point, the account hit a profit of 71% so that total was almost $17K USD. The client then talked to the broker to change his account type so he can handle it by himself, but they rejected. They mentioned that Leo invest is the one you should ask to withdraw your deposit+ profit. They also mentioned that Leo invest account manager has to approve your request on withdrawing your deposit; otherwise, you can’t get your money back.
The client then went to contact both Leo invest and gtcfx broker and got no response for emails or calls. He then went writing some threads after a week or so on forex forums mainly Arabic ones warning those who deal with the company and the broker, and complaining about what happened.
A week later, the broker contacted the client informing him that next 94 hours the issue will be solved, and unfortunately, nothing happened. When the client kept writing more again about his story, the broker called him again informing that they “gtcfx broker” will return back the deposit ONLY which is $9300 USD not $10,000 USD as they state. The original deposit was $10,000 exactly and was sent from Net West Bank. Also, the account statement shows the main deposit, which is $10K. I can attach the state if needed as proof.
The broker said they will pay back the original deposit ($9,300USD not the $10,000USD) in 10 business days, and that message was sent on October 08th, 2012 and was due October 22nd, 2012. However, till today, which is October 30, 2012 nothing was sent to the client bank account.
The strange thing is that the client says to me that he never signed any contract with Leo invest, but they managed his account anyways. Till this point the client has not been paid yet his money back and no response from Leo invest on this issue. And the broker gtcfx doesn’t want to pay back client deposit for the reason he signed a contract with Leo invest.
On October 21st , 2012 the client got a strange message from “Ahmed Alkadah” a rep at Leo invest plc saying that he has no idea why the client still has an account with gtcfx, and what kind of service is applied from Leo invest to the client account.
I have all emails “in Arabic” between the client and gtcfx broker on the withdrawal as well as the client contact number if anything is needed.
I leave this issue to you traders and mods to judge on this issue. At the same time, this is a warning to those who deal with forex brokers such GTCFX and hire account managing service companies such as Leo invest.
Broker name: GTCFX
Website: gtcfx.com
Regulation: unregulated broker
Account managing company: Leo Invest Plc
Website: [url]www.leoinvestplc.com [/URL]
Regulation: FSA UK – 521108 - Leo Invest plc
Current status: 25/03/2010
Address: 33 Sir John Rogerson's Quay, Dublin 2
Looking forward to hearing your comments about all what happened in this story.
Best wishes
Fxdigi-cash