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VantageFX.co.uk

Discussion in 'Forex Brokers' started by Administrator, May 17, 2011.

  1. Administrator

    Administrator Just Administrator :-)

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  2. Elio Matacena

    Elio Matacena Private

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    Class Action against Vantage FX UK.-

    Dear Sirs,

    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.

    If you are interested in this Class Action (momentarily against only Vantage FX UK), feel free to write to our specific new email address: classactionagainstforexbroker@gmail.com.

    Best regards,
    Elio Matacena.
     
  3. blackrose

    blackrose Private

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    Hi Elio,

    would you publish FOS’s decision in its original wording, please?
     
  4. Elio Matacena

    Elio Matacena Private

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    Here you are!

    Best regards,
    Elio Matacena.
     

    Attached Files:

  5. blackrose

    blackrose Private

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    Thank you, Elio!

    Before I will give my statement about this ’final decision’ - BS, I will bring up this case in the ’Scam Alert folder’ to ask all the other ’soldiers’ to help you in this case.

    You will NOT be alone!
     
  6. Elio Matacena

    Elio Matacena Private

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    My personal crusade against "Criminals".-

    You are welcome!

    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.

    So, anyone that will join my crusade is welcome.

    Best regards.
    Elio Matacena
     
  7. veri5

    veri5 Corporal

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    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.
     
  8. blackrose

    blackrose Private

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    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!

    Good luck!
     
  9. blackrose

    blackrose Private

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