silviainabox
Private, 1st Class
- Messages
- 51
This Scam Broker says:
Regulated : Your funds will be held with FXCM, a regulated NFA/FCA Worldwide Brokerage.
Since there's an FXCM Representative on FPA, will like him to comment on this company claims.
It can be punished heavily for claiming that if it shows to be a myth.
Because it's a managed account, not the account manager advice you to execute trades then you have an upper hand in your case.
Contact FXCM, see if the scam broker is directly regulated anywhere and file a complaint...
Please see that in the scam broker site is writen that the client funds will be in an account at FXCM or USG Capital, in my case was in USG Capital which I am afraid is also a scam broker :
This means that we never handle client funds at any point and instead the client will retain complete control of their funds in an account in their own name at FXCM (NFA/FCA regulated US/UK based Forex Broker) or USG CAPITAL.
Regarding the managed account , indeed the account manager didn't advice me how he will execute trades or what policy they should follow. As you said I have an upper hand in my case, can you be more explicit what can I do ?