Protect yourself from Israeli Forex Scams
I’d like to introduce myself to the readers of this forum.
My name is Eyal Vardi Geler and I am a lawyer located in Tel Aviv, Israel.
Let me share with you a few secrets about these companies that nobody wants to share with you.
In the last few weeks I have frequented the different threads and complaints in this forum on a regular basis. I’ve noticed dozens of complaints and terrible treatment that seem to occur on a regular basis.
I think its HORRIBLE that there are so many scam forex brokers out there. Not only that, I’m even more disgusted by the fact that many of these companies operate from within my home country, Israel.
Few of my costumers traded with several Forex companies who tried every trick in the book to prevent them from making their profits and at first they thought: “Maybe it’s this one company? Maybe other companies are different?”. I heard complains about 4 different brokers before I came to realize that most of these guys are here to take their costumers money and not to help them make money like they market themselves and promise in their advertisements!
They lure you in with big first deposit bonuses and freebies, sound familiar?
If any of you have ever gambled in Casinos then you know that they too employ the same tactics. The big difference being that they don’t tell you that you are “investing your money” and that it’s “a sure thing”. They don’t compare themselves to “major brokerage companies” and “investment firms”.
It’s a well known fact that many of these companies were, in fact, established by known figures from the gaming & gambling industries that hide behind endless amounts of paperwork.
90% of them trade against you hoping that you will make ill-advised trades and lose your money. They almost never cover the opened positions and in fact have turned conflict-in-interest into their main method of action.
The biggest issues with these companies arise when you decide to withdraw your money from them. They use every dirty trick in the book to prevent you from withdrawing your money. Several sales people call you to try to tell you not to withdraw your money, they accuse you of arbitrage, scalping and other illegal methods of trading, hell they will even freeze your account while you still have trades open or employ active dealing desk methods to prevent you from making money. Everything goes in this business!
After having experienced this awful treatment first hand I decided to help my clients fight back and used several methods to get their money back. I have an advantage… I am located here in Israel so they couldn’t avoid me!
We eventually succeeded in getting most of our clients equity back including 90% of their profits.
Best Regards,
Mr. Eyal Vardi Geler
EVG Law Associates
forexlawsuits@gmail.com