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Withdrawal from Nano4x

Discussion in 'Scam Alerts' started by sanito, Apr 24, 2012.

  1. sanito

    sanito Recruit

    Joined:
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    Hello,

    I herewith report my case with Nano4x, a forex broker with its website: Online forex trading - Nano4x: first technology-driven broker .
    Please review the following emails correspondence between I and Nano4x :

    1) Nano4x Support email dated 10 Oct 2011 :

    Date: Mon, 10 Oct 2011 10:20:05 +0400
    Subject: Re: The list of IB
    From: support@nano4x.com
    To: sanito2008@hotmail.com

    Hello,
    You can register as an IB and get rebates from your trading account. That is not prevented in Nano4x.

    2) Nano4x email promotion dated 20 Oct 2011 :

    To: sanito2008@hotmail.com
    Subject: Recruiting IBs and Master IBs
    From: affiliate@nano4x.com
    Date: Thu, 20 Oct 2011 12:40:04 +0200

    Hello,
    My name is Alex Johnson. I`am a chief of Affiliate Department in Nano4x (https://nano4x.com/en/).
    We are offering our 2-tier Partnership scheme for you.
    As our IB you will get:
    Rewards from each trade (from 10 USD per lot)*
    Instant crediting of rewards to the partners’ accounts
    Withdraw your rewards anytime
    Get reward for every trade independently on the profit/loss in pips, duration or any other conditions.
    Wide range of free advertising materials and banners
    * Nano4x is a discount broker meaning that we offer only trading software without offering useless additional
    services for our clients.
    We use no ECNs and no secondary liquidity providers. This gives us the opportunity to increase partners`
    rewards in comparison with other ECN or Integral brokers.
    We can give to your clients opportunity to work with all strategies (News trading, Grid, Scalp) with superior
    order execution, high liquidity and NO LIMITATIONS.
    No limitations on order duration, no freeze levels, no limitations in placing limit and stop orders.
    Leverage up to 1:500 with minimal lot 0.01
    Register as an IB now (https://nano4x.com/en/cabinet/partner_registration/)
    Briefly about Nano4x
    Company is a technology-driven broker registered as riskless principal and regulated by the FSC.
    This means that Nano4x is not permitted to hold proprietary positions. Nano4x provides clients with direct access to
    interbank liquidity.
    We use our MT4 bridge to connect your trading terminal directly to the interbank market.
    VIP IB status for experienced IBs or owners of highly
    attended internet resources
    For any customers attracted by VIP IB and his group of subpartners, we pay increased commission for every trade
    independently on the profit/loss in pips, duration or any other conditions.
    Advantages of VIP IB status:
    Sub-IB scheme with unlimited levels
    VIP IB gets MT4 Manager to track online clients and subpartners
    VIP IB can distribute commission among his subpartners at his sole discretion
    VIP IB gets an access to Partner`s cabinet with advanced functionality
    VIP IB gets higher commission for each client from his group

    For affiliate program related queries:
    Skype: nano_pr
    Yahoo messenger: nano4x_pr
    email: affiliate@nano4x.com
    Phone: +44-20-3468-6807
    ----------------
    Sincerely, Alex Johnson
    Chief of Affiliate Department


    3) My email 28 Feb 2012 regarding my withdrawal request :

    From: sanito2008@hotmail.com [mailto:sanito2008@hotmail.com]
    Sent: Tuesday, February 28, 2012 8:52 PM
    To: finance@nano4x.com
    Subject: Online Withdrawal Request [Ref: 893312]

    Hello,

    Refer to my Online Withdrawal Request from my account #688178 for the amount of US$11647.09
    ( ref: 893312, dated 20 Feb 2012 ).
    Can you inform me, why do you not yet transfer the above withdrawal funds to my bank account ?
    Please speed up the withdrawal process because more than one week is already pass over.
    Thank you for your attention.

    Best regards,
    Sanito.

    4) Nano4x email dated 29 Feb 2012 :

    From: finance@nano4x.com
    To: sanito2008@hotmail.com
    Subject: RE: Online Withdrawal Request [Ref: 893312]
    Date: Wed, 29 Feb 2012 15:01:40 +0400

    Hello Dear.

    We received balance from bank and checked your account.
    Do you have special agreement for rebates on your account? Maximum amount that we paying to
    clients and partners for his own trading equals 3$.
    As we checked you received 10$ per lot. For all the time you received commission 4999.03
    And on those commission you based your trading. We have a disagreement on the financial results
    between the current account and hedging positions in the bank.
    So may I check your special rebates agreement?

    Sincerely, Mike Ferguson
    Financial Department
    Nano4x LTD

    5) My email dated 29 Feb 2012 :

    From: sanito2008@hotmail.com
    To: finance@nano4x.com
    Subject: RE: Online Withdrawal Request [Ref: 893312]
    Date: Wed, 29 Feb 2012 15:23:58 +0000
    Dear Mike,

    Please review 2 emails from Nano4x dated 10 Oct 2011 and 20 Oct 2011, which offer to me :

    1. "You can register as an IB and get rebates from your trading account. That is not prevented in Nano4x".

    2. "As our IB you will get Rewards from each trade (from 10 USD per lot)".

    I am happy that your system gives rewards to my affiliate account based on 10 USD per lot round turn as offered,
    and this is our agreement.

    In my opinion the hedging positions in your bank are your own risk.

    Please do not charge my balance with your risk, it is not fair.

    Thank you for your attention.

    Kind regards,
    Sanito.

    6) My email dated 11 Mar 2012 :

    From: sanito2008@hotmail.com
    To: support@nano4x.com; affiliate@nano4x.com; finance@nano4x.com
    Subject: Online Withdrawal Request [Ref: 893312]
    Date: Sun, 11 Mar 2012 23:59:28 +0000

    Attn. : Mr. Ryan Elmers and Mr. Alex Johnson

    Hello,

    1. Please review emails correspondence between I and Nano4x below regarding
    my withdrawal request Ref: 893312, dated 20 February 2012.

    2. I don't understand, why Mike Ferguson of your Financial Department does not
    respond and answer my last three emails dated 29 Feb 2012, 1 Mar 2012, and
    8 Mar 2012 ?

    3. Refer to Mike Ferguson's email dated 29 Feb 2012.
    My comments are:
    - Nano4x system gives all the rewards to my affiliate account #687895 based on
    the Nano4x promotion email dated 20 Oct 2011 below:
    "As our IB you will get Rewards from each trade (from 10 USD per lot)",
    (each trade = no difference between IB's own trades and IB client's trades).
    - In my opinion the hedging positions in the bank are Nano4x own risk.
    - It is not fair if my balance will be charged with Nano4x risk.

    4. I would like to request full withdrawal because my robot cannot get trades
    after Nano4x increasing the spread. My scalping type robot needs tight spread
    to get trades.

    5. If Nano4x can propose to me "Tight Spread Without Rebates", so I will agree to
    continue trading with Nano4x.
    Please consider that it is better for both of us to get more transactions or trades
    with tight spread and without rebates, compared with less transactions or no
    trades can be done.

    6. Otherwise, if point 5 above not possible, please process my withdrawal request
    as soon as possible.

    7. Trusting that this clarification will be acceptable and I am waiting for Nano4x
    favourable reply, thank you.

    Best regards,
    Sanito.

    7) My email dated 26 Mar 2012 :

    From: sanito2008@hotmail.com
    To: finance@nano4x.com; support@nano4x.com; affiliate@nano4x.com
    Subject: Accounts #688178 and #688508
    Date: Mon, 26 Mar 2012 11:36:27 +0000

    Attn. : Mr.Mike Ferguson
    CC : Mr.Ryan Elmers, Mr.Alex Johnson

    Hello Mike,

    Refer to your message in Nano4x client portal dated 11 Mar 2012 :

    " Hello. It's Mike. I have an update for you, regarding spreads and continue of trading.
    I will send you it, after I receive details from our bank and techincal department.
    I think it will be today. "

    Until today 26 Mar 2012 I have not yet received your update as you promised above.

    Please let me know your problems and progress to update the above matter. I will
    follow up with continue of trading as soon as possible.

    I am waiting for your information and I believe you can give a better communication
    service. Thank you for your attention.

    Best regards,
    Sanito.

    8) My email dated 27 Mar 2012 :

    From: sanito2008@hotmail.com
    To: support@nano4x.com; affiliate@nano4x.com; finance@nano4x.com
    Subject: FW: Accounts #688178 and #688508
    Date: Tue, 27 Mar 2012 09:39:53 +0000

    Attn. : Mr. Ryan Elmers (Manager of Client Department Nano4x)
    CC : Mr.Alex Johnson, Mr.Mike Ferguson

    Dear Ryan,

    1. Refer to the emails correspondence between I and Nano4x below.

    2. Your Mr.Mike Ferguson on a message in Nano4x client portal dated 11 Mar 2012 promised
    to send me an update regarding spreads and continue of trading, but I have not yet receive
    his update until today. He did not respond, comment and answer my following emails dated
    14 Mar 2012, 19 Mar 2012 and 26 Mar 2012.

    3. Can you take over the above matter to improve Nano4x communication service to a client ?

    4. The best alternative for me is to continue trading. Please let me know if the alternative of continue
    of trading with "Tight Spreads Without Rebates" is impossible.

    5. If we should back to the alternative of full withdrawal, I will ready for a negotiation.

    6. The amount of my withdrawal request of 11,647.09 USD are consisted of initial deposit 2,000 USD,
    all the profit from trades 4,648.06 USD, and all the rebates 4,999.03 USD.

    7. Please inform me, how much Nano4x can agree to pay me for my withdrawal request Ref: 893312,
    dated 20 Feb 2012 ?

    8. Trusting you can find a solution which fit in with Nano4x commitment, thank you.

    Best regards,
    Sanito.

    9) Nano4x email dated 9 Apr 2012 :

    From: finance@nano4x.com
    To: sanito2008@hotmail.com
    Subject: From Ryan
    Date: Mon, 9 Apr 2012 16:45:22 +0400

    Dear mr. Sanito.

    Regarding to our rules, partner can't have rebates from his trading. Only client can have rebates from his
    trading account equals 3 USD per lot.
    So if you are partner and have a trading account you can have only 3 USD not 10 USD as you had.
    Also. Regarding our statement from hedge bank, we were unable to proceed with operations on your duplicate
    hedge account due to insufficient of funds.
    Also our duplicate hedge account were drawdowned with your trading, also because of insufficient of funds.
    If from beginning your rebates were 3 USD, but not 10 USD, regarding our analytical department, your trading
    account would not be able to work with such lots and could not have such profit.
    Regarding what to do now, I have only one solution. In spite of losing money on our hedge account we able to
    give you:

    credit = 11467 - 4999+4999/3.33= 7969 USD

    4999 USD (your current rebates)
    4999/3.33=1501 USD (your real rebates)

    With 2 options:

    1. You need to make 797 Lots before you can WD full sum from your account
    2. Till 797 Lots we will not pay you rebates

    Also this account will have standard options for trading - leverage, spreads etc..

    If you feels ready to work in such way - please let me know. Otherwise I would like to hear proposal from you.

    Sincerely, Ryan Elmers

    10) My email dated 9 Apr 2012 :

    From: sanito2008@hotmail.com
    To: finance@nano4x.com; support@nano4x.com; affiliate@nano4x.com
    Subject: Accounts #688178
    Date: Mon, 9 Apr 2012 14:10:23 +0000

    Dear Mr. Ryan Elmers,

    Thank you for your email dated 9 Apr 2012 below.

    Please pay me and transfer to my bank account only my initial deposit and
    my profits = 11647 - 4999 = 6648 USD.

    Please avoid all the rebates of 4999 USD and close my accounts: #687895,
    #688178 and #688508 because my robot cannot operate with the current
    spreads.

    Please let me know your approval.

    Best regards,
    Sanito

    11) My email dated 10 Apr 2012 :

    From: sanito2008@hotmail.com
    To: finance@nano4x.com; support@nano4x.com; affiliate@nano4x.com
    Subject: Accounts #688178, #688508 and #687895
    Date: Tue, 10 Apr 2012 06:29:06 +0000

    Dear Mr.Ryan Elmers,

    1. Refer to your email dated 9 Apr 2012 (see below).

    2. If you have the rules that partner can't have rebates from his trading, why do you mention in your email dated
    10 Oct 2011 (see below) that:
    "You can register as an IB and get rebates from your trading account. That is not prevented in Nano4x" ?

    3. If only client can have rebates from his trading account equals 3 USD per lot, why your Alex Johnson does
    mention in his email promotion dated 20 Oct 2011 (see below) that:
    "As our IB you will get Rewards from each trade (from 10 USD per lot)" ?

    4. Based on points 2 and 3 above your system gives me all the rebates 10 USD per lot. Your system is set by your
    person and not by me.

    5. If you were unable to proceed with operations on the hedge account and your hedge account were drawdowned
    with my trading, why do you not take action early ? The hedge account is Nano4x business and I don't know
    about it.

    6. Actually there is something wrong in your system. Your system is your responsibility and the drawdowned on your
    hedge account is your risk. Please do not charge my balance with all of your risk.

    7. My robot cannot operate with the current spreads (after spreads increasing), so I will close all my accounts
    with Nano4x because you cannot reduce the spreads.

    8. Refer to my email dated 9 Apr 2012 (see below). I hope you can pay and transfer to my bank account the amount
    of 6648 USD as soon as possible.
    Please consider that you should pay me in full amount of 11647 USD if I bring this matter to the authority,
    but I want to get a better solution for both of us.

    9. Please reply this email and thank you for your cooperation.

    Best regards,
    Sanito.

    12) My email dated 12 Apr 2012 :

    From: sanito2008@hotmail.com
    To: finance@nano4x.com; support@nano4x.com; affiliate@nano4x.com
    Subject: Accounts #688178, #688508 and #687895
    Date: Thu, 12 Apr 2012 07:14:18 +0000

    Hello Mr.Ryan Elmers,

    Why do you not reply my emails dated 9 Apr 2012 and 10 Apr 2012 below ?

    For my withdrawal request Ref: 893312, dated 20 Feb 2012, for the amount of 11647.09 USD,
    please pay me and transfer to my bank account not less than 6648 USD and not later than
    17 April 2012.

    Otherwise, thereafter I will register Nano4x into Scam Alerts Folder of Forex Peace Army (FPA),
    and then if still necessary I am going to file the case to the FPA Traders Court.

    All the world traders can read Scam Alerts and Scam Investigations in FPA website.
    Please consider Nano4x reputation is expensive and more than 6648 USD.

    Sincerely,
    Sanito.

    Until now Nano4x does not process my withdrawal request. My last 3 tickets in Nano4x client portal
    have been closed by them without any comments and answers.

    On 18 Apr 2012 I have found an evidence that Nano4x is a scam, please check the following link:
    http://www.fscmauritius.org/media/67580/nano4x_alert.pdf .

    Please let me know your opinion about my case with Nano4x above.
    Can you support me to get maximum payouts from Nano4x ?

    Thank you for your attention.

    Best regards,
    Sanito.
     

    Attached Files:

  2. Pharaoh

    Pharaoh Colonel

    Joined:
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    So they promise $10/lot and then decide to change it to $3 per lot.

    First, stop trading and tell anyone you've referred to them to stop trading with them.

    If you haven't left a 1 star review, go ahead and do so.

    Let them know about this discussion thread. Invite them to come in and explain how $10 became only $3.
     
  3. indrafx.trader

    indrafx.trader Recruit

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    yes.. DONT DEPOSIT IN THIS BROKER. nano4x stolen my deposit 1000$.

    i hope FSC stop this broker.. .and domain provider banner website nano4x. because nano stolen my money
    srenshot nano indra.
     
  4. sanito

    sanito Recruit

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  5. Romeo

    Romeo Sergeant

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    That's really bad news. We really have to run proper Due Diligence reports before sending our money to any broker!
     
  6. odicahyo

    odicahyo Recruit

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    OMG.. I have to make a withdrawal request immediately from them.. Thanks for the warning
     
  7. along

    along Corporal

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    hmmm...

    just erased this broker
     
  8. sanito

    sanito Recruit

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    Useless to trade with Nano4x because we cannot withdraw our profits.
     
  9. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

    Joined:
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    I've emailed Nano4x about Sanito's issue and about the FSC license issue.
     
  10. parsfx

    parsfx Recruit

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    i had a withdrawal request more than 3 days ,but they even did not respond to my request and e-mails.
     

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