good morning. My name is Elio Matacena and I am an Italian citizen and resident. On 2013 Vantage FX UK reversed some trades to me too and after one year and a half the Ombudsman (Financial Ombudsman Service, "FSO") got the final decision against my complaint.
I have rejected their final decision and met my Italian lawyers, having a long discussion about this case. They are quite sure I have good chances to win if my case will be filed in front of an English Court, so I continue to go on against Vantage FX UK.
But, unfortunately, the costs are higher than I expected and I can't afford them alone. Consequently, we decide to try to file a Class Action against this broker for two reasons: first, costs are too high for a single person who has been scammed (and the Broker knows it) and, second, a Class Action has a much stronger impact on the Judge and public opinion with the consequence that the possibilities to win rise up.
After some years working on this stuff, I am convinced that it's possible to have a positive chance against these "Criminals" only if together: alone we are weak. And they knows it and they cont on it.
you are doing good job, shame on toothless Ombudsman, there is something wrong with system I think, instead of punishing brokers and protecting consumers they do opposite, this is need to be changed fundamentally - like in USA, brokers must be fully responsible for their actions, trade cancellations not allowed by law, big penalties and criminal sanctions, only licensed staff - this is the only way scams will stop.
For instance, I traded with US broker ILQ 2 years ago, some days ago I received 30 USD refund after regulators audit, this is the way how regulator should work. And why broker who claims as STP/ all trading styles allowed should audit your trade history, this is at least false advertising.
Elio, I think you should try a lawsuit - maybe also alone! The only important thing is that you are not the one who has to prove. And therefore it would be the best to tell nothing in front of a court, but deny everything what Vantage claims.
Ask for a FORENSIC digital copy of all that should ’proves’ the side of Vantage! They would not be able to provide it. And that’s it!