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Windsor Brokers, Cyprus

Discussion in 'Scam Alerts' started by Gogo_arc, Mar 30, 2017.

  1. Gogo_arc

    Gogo_arc Recruit

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    I urge every person who thought of dealing or is already dealing with this broker to read this first carefully.

    This broker is very dangerous and must be avoided by any means. I have an account with Windsor Brokers since 2014; I have been introduced to them by one of their Business Introducers (B.I.) who happens to have several B.I. and White label agreements with them as well. This Person, who represented Windsor, with a partner of his, had another company where they used to offer Funds Management services for your funds at Windsor Brokers, i.e. trading on your behalf, against a 50 dollar commission per lot that they collect from Windsor Brokers directly through their commission account.

    Windsor has had me to sign some documents saying that I am delegating their B.I. to trade only on my account on my behalf. The document had all the warnings of me accepting the worst case scenario of losing my money at any time, like what other brokers do, but it was repeated several times in several ways which reflects that the broker has anticipated what will happen afterwards, as if it was already planned. I have had my account opened by providing my ID documents and my personal email, which should be used for future correspondences as well as receiving daily/monthly statements from my Windsor account.

    After transferring my funds to Windsor Brokers Hellenic Bank account, I had no communication at all from Windsor’s side, whenever I called them to ask about my account details, they completely refused to provide any information to me (although I am the account holder) and then they ask me to contact their B.I. who introduced me to them, as he has all the details.

    Their B.I.’s Company had a website where in it he speaks in Windsor’s name and promotes for them and displays a long business relationship with Windsor since 2010. On that website, you can log in to your personal account page, with the same account number that you have with Windsor to see your account details at Windsor, see all deposits, withdrawals as well as winning/loosing trades done on your account. The performance was amazing as it reached almost 100 % annually.

    I was sceptic at the beginning when I experienced their rejection to disclose any details of my own account to me, and their advice to get those details from their B.I. instead, but I tried to do a withdrawal from my Windsor account (through signing a Windsor withdrawal request, but sending it to Windsor through their B.I.) which went fine, as I always received the money very quickly in my bank account from Windsor’s bank account as well, which proved to me that everything is going on ok.

    Accordingly, after making several very successful withdrawals, I have done more deposits at Windsor totaling an amount ofseveral hundred thousandUSD. After that things went very bad.

    In June 2015, the partner of the B.I. got shot in the head in front of his house in the morning while riding his car, he had a suitcase full of cash with him and was wearing a gold watch, and however, nothing was taken but his cell phone. After a few weeks, the B.I. himself got kidnapped, then was found after a few days in a very bad condition before falling into a comma for almost a month, then woke up with partial memory loss. He cannot remember many details about his business with Windsor.

    I did not know these details until afterwards in October 2015, when I started to request some withdrawals from the B.I. Company then received no response. I started to then contact Windsor Brokers directly where I got the same treatment as before, “Refer to your B.I. (now they started to say your instead of our), as he has all the details”.

    I insisted that I must gain access to my account & money with them otherwise I will file a complaint toCySEC, only then they started to accept, but strangely they asked me first to cancel the Power Of Attorney (POA) that I did with them before for the B.I., and to sign a document to cancel the B.I. Email address as the communication address, then add my email instead. That was a very strange request as I have already provided my email address in the very beginning while opening the account as the only means of communication, but now I discovered that it was the B.I. email address that was considered by them as the registered one!! As I was never asked for this previous change, it now seemed very fishy and I felt there was some scam evidence showing up gradually.

    I refused to cancel anything and I required them to add my info again and not to change any old configuration, they first refused, but when I escalated the matters, and only under extreme pressure, they complied. Then I received my first account statement in my email, which was a shock.

    My account was traded down to the ground!!! All my deposits are there, but all of the money was traded in continuous loosing trades in a professionally consistent trend. All my hundreds thousands of USD deposits were reaching to 100 to 200 USD balances only in 4 to 6 days maximum from the day Windsor received them.

    The strange thing is, all my withdrawals were there too!!! So, although my account balance was almost zero, but whenever I made a withdrawal request, I can see on the statement my account suddenly being boosted with the same exact amount that I requested on my withdrawal, coming from another Windsor account called “commission”, then after a few hours, the money goes out to my bank as a “withdrawal”.

    When I confronted them asking about where is my balance that I can see on their B.I. Website, and why they do not match, they answered back saying “we do not know what you are talking about, we are not responsible for the losses that YOUR (not theirs) representative/money manager has incurred on your account, please check your agreement with us”!!!

    Now I am in the status of a person who has been scammed all my life savings by a professional scammer broker who might have been involved in killing and kidnapping, wow!!! I’m sure that I’m not the only case; I have heard that there are a lot of other people who had experienced this with the same exact broker. This is why I am reaching out here in FPA to see if there would be a way to join forces against this criminally organised broker.

    I do have everything that I have mentioned above perfectly documented, emails, recorded phone conversations with Windsor Brokers representatives, and screenshots of my account at the B.I. as well as full statement of my account at Windsor, which I fought to get.

    I wish this issue would grab the attention of the Justice Makers in this industry. I have been almost destroyed by this scam & lost almost all of my life savings; I need help, and want to insure that this does not happen to anyone else.

    Obviously, Windsor Brokers is a cover up for some kind of a large scam or dangerous operation. I really hope no one experiences what I have been through.
     
  2. Pharaoh

    Pharaoh Colonel

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    This is why you should NEVER let an IB trade your account. The temptation to churn is just too much for some to resist, In some cases, churning the account into oblivion may even be the plan before you sign up.

    The only reason you need an IB is to get commission/spread rebates. If you want someone to trade for you, that person needs to not be connected to any IB or to the broker itself. You also need to check your account activity daily - which is the primary reason the investor password was created on most trading platforms.

    Asking you to cancel the LPOA is reasonable. I would very much like to see Windsor brokers send a rep here to explain how and when the primary email address on the account was changed as well as the reported irregularities around the withdrawals.

    Send the link to this thread to every contact you have at Windsor.

    While waiting for them to respond, you can leave a nice, shiny 1 Star review here:

    http://www.forexpeacearmy.com/community/threads/windsor-brokers-cyprus.49757/

    You may want to consider a lawyer for a case this size. WinThisCase can do referrals to lawyers who should be able to handle this kind of case.
     
  3. Badway

    Badway Recruit

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    Welcome to the club @Gogo_arc, I'd like to inform you that you're not alone. From your case I believe we are talking about the same situation & same B.I. I am one of several hundreds of Windsor Brokers' clients here in Egypt who have been scammed in the exact same way. This broker is as you exactly stated "dangerous", the scam we are talking about here is more than 100 million us dollars. We have a very strong team working on the case with lawyers from different countries and clients (most of them very rich & extremely powerful) are all joined together and will do whatever it takes to bring Windsor Brokers down, since they refused to pay our money back. What I can do to help you is the following; I'll share your post with that team asking for their opinion, then I'll share your post on our groups where I'm sure you'll get a huge number of replies about those scammers.

    I'll put you in contact with them so as to add you to the case, and finally I'll ask them to reply to your post here, I'm sure there will definitely be other similar cases in other countries and they might not know the size of the scam.
     
  4. Ay.Ghaffar

    Ay.Ghaffar Recruit

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    I and a group of friends / investors are ready to join with anyone who would like to attack this corrupt company. We have lost millions of dollars because of this scam and it wouldn’t hurt us to spend another several hundred thousand just to get this Company down. I & my friends called their customer support to get the same exact replies as mentioned above. But in our case, they completely refused to provide us with our account statements and details, which I think is against the laws that govern this kind of business. They answered each and every one of us in the same way, go back to your B.I., otherwise you must cancel the authorisation you gave him to trade on your account! We chose to cancel that damn authorisation, then they started talking legal, like “ Oh, now you go sign a document in front of a legal Notary in your country of residence saying that you are really you, and that you are asking to cancel such authorisation then email it to us”.
    Some of us did that, but after emailing it to them, then they got this bullshit “ Oh, you have to stamp it from the foreign affairs department of your country of residence, then Cyprus Embassy, then you Physically mail the original to us, to enable us to act”.
    The group who did that are already waiting for more than six months now with no access to their statements or accounts.
    We would pay whatever it takes to take this evil company down. We would happily join any legal movement against this Broker.
     
  5. oscarra

    oscarra 2nd Lieutenant

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  6. Gogo_arc

    Gogo_arc Recruit

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    Dear Pharaoh,
    Thank you for the advice. I followed your instructions, i checked Win This Case link you gave me and i will try to find a lawyer for my case. I just know that these kind of brokers cannot be faced alone, if i do that, i most probably will loose the fight.
    I saw two replies to my post who have my same situation, i will try to join hands with them first not to be alone.
     
  7. Mohamedmoselhy

    Mohamedmoselhy Recruit

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    NewI urge every person who thought of dealing or is already dealing with this broker to read this first carefully.

    This broker is very dangerous and must be avoided by any means. I have an account with Windsor Brokers since 2014; I have been introduced to them by one of their Business Introducers (B.I.) who happens to have several B.I. and White label agreements with them as well. This Person, who represented Windsor, with a partner of his, had another company where they used to offer Funds Management services for your funds at Windsor Brokers, i.e. trading on your behalf, against a 50 dollar commission per lot that they collect from Windsor Brokers directly through their commission account.

    Windsor has had me to sign some documents saying that I am delegating their B.I. to trade only on my account on my behalf. The document had all the warnings of me accepting the worst case scenario of losing my money at any time, like what other brokers do, but it was repeated several times in several ways which reflects that the broker has anticipated what will happen afterwards, as if it was already planned. I have had my account opened by providing my ID documents and my personal email, which should be used for future correspondences as well as receiving daily/monthly statements from my Windsor account.

    After transferring my funds to Windsor Brokers Hellenic Bank account, I had no communication at all from Windsor’s side, whenever I called them to ask about my account details, they completely refused to provide any information to me (although I am the account holder) and then they ask me to contact their B.I. who introduced me to them, as he has all the details.

    Their B.I.’s Company had a website where in it he speaks in Windsor’s name and promotes for them and displays a long business relationship with Windsor since 2010. On that website, you can log in to your personal account page, with the same account number that you have with Windsor to see your account details at Windsor, see all deposits, withdrawals as well as winning/loosing trades done on your account. The performance was amazing as it reached almost 100 % annually.

    I was sceptic at the beginning when I experienced their rejection to disclose any details of my own account to me, and their advice to get those details from their B.I. instead, but I tried to do a withdrawal from my Windsor account (through signing a Windsor withdrawal request, but sending it to Windsor through their B.I.) which went fine, as I always received the money very quickly in my bank account from Windsor’s bank account as well, which proved to me that everything is going on ok.

    Accordingly, after making several very successful withdrawals, I have done more deposits at Windsor totaling an amount ofseveral hundred thousandUSD. After that things went very bad.

    In June 2015, the partner of the B.I. got shot in the head in front of his house in the morning while riding his car, he had a suitcase full of cash with him and was wearing a gold watch, and however, nothing was taken but his cell phone. After a few weeks, the B.I. himself got kidnapped, then was found after a few days in a very bad condition before falling into a comma for almost a month, then woke up with partial memory loss. He cannot remember many details about his business with Windsor.

    I did not know these details until afterwards in October 2015, when I started to request some withdrawals from the B.I. Company then received no response. I started to then contact Windsor Brokers directly where I got the same treatment as before, “Refer to your B.I. (now they started to say your instead of our), as he has all the details”.

    I insisted that I must gain access to my account & money with them otherwise I will file a complaint toCySEC, only then they started to accept, but strangely they asked me first to cancel the Power Of Attorney (POA) that I did with them before for the B.I., and to sign a document to cancel the B.I. Email address as the communication address, then add my email instead. That was a very strange request as I have already provided my email address in the very beginning while opening the account as the only means of communication, but now I discovered that it was the B.I. email address that was considered by them as the registered one!! As I was never asked for this previous change, it now seemed very fishy and I felt there was some scam evidence showing up gradually.

    I refused to cancel anything and I required them to add my info again and not to change any old configuration, they first refused, but when I escalated the matters, and only under extreme pressure, they complied. Then I received my first account statement in my email, which was a shock.

    My account was traded down to the ground!!! All my deposits are there, but all of the money was traded in continuous loosing trades in a professionally consistent trend. All my hundreds thousands of USD deposits were reaching to 100 to 200 USD balances only in 4 to 6 days maximum from the day Windsor received them.

    The strange thing is, all my withdrawals were there too!!! So, although my account balance was almost zero, but whenever I made a withdrawal request, I can see on the statement my account suddenly being boosted with the same exact amount that I requested on my withdrawal, coming from another Windsor account called “commission”, then after a few hours, the money goes out to my bank as a “withdrawal”.

    When I confronted them asking about where is my balance that I can see on their B.I. Website, and why they do not match, they answered back saying “we do not know what you are talking about, we are not responsible for the losses that YOUR (not theirs) representative/money manager has incurred on your account, please check your agreement with us”!!!

    Now I am in the status of a person who has been scammed all my life savings by a professional scammer broker who might have been involved in killing and kidnapping, wow!!! I’m sure that I’m not the only case; I have heard that there are a lot of other people who had experienced this with the same exact broker. This is why I am reaching out here in FPA to see if there would be a way to join forces against this criminally organised broker.

    I do have everything that I have mentioned above perfectly documented, emails, recorded phone conversations with Windsor Brokers representatives, and screenshots of my account at the B.I. as well as full statement of my account at Windsor, which I fought to get.

    I wish this issue would grab the attention of the Justice Makers in this industry. I have been almost destroyed by this scam & lost almost all of my life savings; I need help, and want to insure that this does not happen to anyone else.

    Obviously, Windsor Brokers is a cover up for some kind of a large scam or dangerous operation. I really hope no one experiences what I have been through.
     
  8. A.M.T

    A.M.T Private

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  9. Mahsay

    Mahsay Recruit

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  10. Mahsay

    Mahsay Recruit

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    The same case here
     

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