Trading with Justforex was the worst decision of my life

Kieu Trang

Recruit
Messages
7
@Kieu Trang
--> How much total did you deposit with them? (and what dates for each deposit)?
--> How much total did you successfully withdrawal from them already (dates you receive withdrawal)?

--> can you upload account statements of all of your accounts? here is an example of what one looks like:

fpa-how-to-create-mt4-trade-history-html-screenshot-sample-png.64212



And there is a whole article here that details the process for recovering trading account statements: https://www.forexpeacearmy.com/comm...ccount-trade-history-statements-part-1.63543/

Please upload statement evidence for each account you have.
Can I wait for Justforex.com? They need to see these sorts of information as well.
They have to give me a clear explaination for their nonsensensical activities.
 

4evermaat

2nd Lieutenant
Messages
2,124
Can I wait for Justforex.com? They need to see these sorts of information as well.
They have to give me a clear explaination for their nonsensensical activities.
We need to have some idea of how much total you lost. So the deposits, withdrawals, and any profit/loss in between helps out a lot to your case.

I assume you have these things, or can easily gather them in mt4 history (or email history of deposit/withdrawal/trading activity)
 

RahmanSL

Major
Messages
2,797
Can I wait for Justforex.com? They need to see these sorts of information as well.
They have to give me a clear explaination for their nonsensensical activities.
I am sure you have read the many other clients of JustForex who have the same problem as you.
Please follow the advice of @4evermaat & @FxMaster and, hopefully, you will be able to recover some of your money.
Good luck!
 

Kieu Trang

Recruit
Messages
7
You can also check the monthly statement of my account for more information.
Besides, FPA team please in vite Justforex for me
 

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JustForexcom

JustForex Representative
Messages
98
Dear Valued ForexPeaceArmy Community,

We see the numerous requests for the provision of additional clarification regarding the violation of the Justforex Agreements.

The group of fraudsters that created multiple threads on ForexPeaceArmy Forum was mostly focused on generating IB commission and achieving top reward from "IB Reward Program" of Justforex. Under usual and normal conditions, this program aims to stimulate partners to invite new active traders. But the group of fraudsters has substituted and sophisticated the initial aim of the program for its benefit.

To receive a monthly top reward based on the requirement, they have to attract new clients and increase the trading activity of the existing ones. Focusing on just two goals forced them to create a lot of drop profiles. Each drop profile has been used to open orders only in one direction to complete the "Total Traded Volume" requirement. You can see this from their statements attached in threads (Please refer to the attachment to this post. All the materials were gathered from the threads created by the mentioned group and were shared by them on FPA website).

Once the IB Reward Program requirements are met and the reward is credited to the account along with the generated IB commission, they withdraw the funds, transfer them to other new drop profiles, and make a deposit using the transferred earlier funds. Therefore, during the investigation process, we requested to provide us with statements and other details that gave us undoubted evidence that confirms the presence and the use of the scheme to continuously generate IB commission and gaining rewards from "IB Reward Program".

This scam strategy of continuous generation of IB commission and rewards was carried out by IBs that created numerous drop profiles. Some of them have appeared on the FPA forum and are claiming that they are real customers that were scammed by Justforex - this is not true. To increase public attention to their case, this group of fraudsters created multiple threads on the forum using their drop profiles without having individual or genuine experience.

This thread describes the same situation we have already commented on in our initial official statement. Although, we suppose that similar threads may appear because of the access to the huge amount of drop accounts, this group can create multiple threads with loud headlines to twist the situation in their favor in order to discredit the Company.

Unfortunately, according to the security standards accepted in the financial industry and our internal rules, investigation details cannot be revealed to the blocked fraudsters and general public despite their multiple requests with the aim to prevent further similar fraud cases with our Сompany and other brokers. Currently, this group is mainly focused on gaining information and asks to reveal additional details of the investigation to understand where the mistake was made and what compromised their plans, not to find a solution towards their issue. These fraudsters knew what they did and what items were exactly violated because of their illegal actions. The Company performed actions strongly in accordance with the Company's policies that are provided in Clients Agreement, IB Agreement, and Terms and Conditions for IB Reward Program and Deposit Bonus Rules. All these documents are freely available on our website.

Along with that, what also you can see in the attachment is a clear evidence of using the “Arbitrage” strategy that is strongly forbidden throughout the industry and in all brokerage companies as this violates the rules and principles of the foreign exchange market. "Arbitrage" strategy is used to keep their total balance on the same level by selling and buying the same instrument in different brokers. They confirmed that they are trading with various brokers. This strategy allowed them to generate IB commission and rewards for activity and not to lose funds by any market movements.

They were generating lots required to transfer the bonus to the trading account along with generating IB commission. You can see from their statements that only Sell orders using EUR/USD pair were placed. So their balance was safe, and IB commission along with the deposit bonuses were consistently credited to their accounts.


Please note that this situation unfolded only around the IBs mentioned above and their drop profiles and didn’t cause any harm to conscientious clients that keep trading and keep enjoying our beneficial Justforex trading conditions and IB Program.


Please kindly note that all the information and clarifications that can be shared publicly were given above. Therefore, you can consider this response as an official statement and the final clarification.
 
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