Scammed by usgfx

Messages
22
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.
 

henyo

Master Sergeant
Messages
436
first time hearing of them, i think they are malaysian based? regulated? they seem pretty new in the scene.
 

FxMaster

Lt. Colonel
Messages
9,012
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.
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.
 
Messages
232
Be patient, it's the holidays...
Also, this is a regulated brokerage in Australia.
They are likely not some "total scam".

Good luck!
 
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