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Scammed by usgfx

Discussion in 'Scam Alerts' started by Scammed by usgfx, Dec 21, 2018.

  1. Scammed by usgfx

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    This will be a long thread and i will update it with new info soon. I tried to post this fast as a warning to other traders who use usgfx.

    I am a mass managed account owner on usgfx and so far i got margin called by their "profit sharing".

    Each month on 10th, 30% of the profit needs to be withdrawed from my clients accounts and deposited to an account i own. That account currently is on same MAM.

    Problem appeared when usgfx withdrew the money from my client, because my client lost also his part of margin. That money got deposited to my account on that MAM but that did not stop the client account to margin call even though my MAM was safe.

    Another problem is i have no way to see my client account and this includes his margin.

    Even thought i showed proofs that my MAM account was not margin called just my clients account and that it happened because of that unsafe profit sharing withdrawl usgfx did they refused to accept it was their fault and refund client account.
     
  2. henyo

    henyo Master Sergeant

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    first time hearing of them, i think they are malaysian based? regulated? they seem pretty new in the scene.
     
  3. Scammed by usgfx

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    They are
    It is an Australian broker regulated by asic or this is what they claim.
     
  4. FxMaster

    FxMaster Lt. Colonel

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    First of all, invite the company by using invite company option to your thread. And if you unable to locate the option then this thread "Tutorial: How to Invite a company to your thread." will help you to find out.
     
    Scammed by usgfx likes this.
  5. Scammed by usgfx

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    I invited usgfx to this thread, thank you.
     
  6. FxMaster

    FxMaster Lt. Colonel

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    You are most welcome :)
     
  7. Scammed by usgfx

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    I know it is Christmas and New year and all that. But what can i do if usgfx refuses to join this conversation ?
     
  8. FxMaster

    FxMaster Lt. Colonel

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  9. FmrBrokerExecutive

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    Be patient, it's the holidays...
    Also, this is a regulated brokerage in Australia.
    They are likely not some "total scam".

    Good luck!
     
  10. FPA Forums Team

    FPA Forums Team Caution: Moderators at Work

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    The FPA invited the Company to update this discussion on Jan 2, 2019 at 8:24 AM
     

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