1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

XForex/XTrade

Discussion in 'Scam Alerts' started by NDE AE, Sep 20, 2015.

  1. NDE AE

    NDE AE Recruit

    Joined:
    Sep 17, 2015
    Messages:
    5
    Likes Received:
    0
    Be careful of the following signs:
    1. Bonuses on deposit (will be shown on your account but you will not get it unless you make a lot of trades in 30 days
    2. Premium account Promise - they will assign an account manager who will give you advice on what to trade
    3. Elana Solomon - Account manager. She is an expert in emotional blackmail

    I have lost usd4499 in less thank 24 hours. Lesson learned, be very vigilant on what people say. Used to have usd10, 000 in my account but I was able to withdraw usd5,000 after not having traded for more than a week. I told Elana that i need yo get the money first before I start trading again. So I got it in 3 days. That was really quick.

    I tried to withdraw the remaining usd5000 but as soon as i hit the submit button Elana Solomon called me and told me:

    1) do not withdraw trade with me as you promised.
    2) Don't you trust me? You are trading with an expert. Just try and if you wouldn't like it then withdraw
    3) i send an email to cancel your withdrawal

    I agreed to trade but told her that should the trade go against me, i wouldn't be able to increase it as I don't have any more.

    She again told me not to worry and just trust her. I bought 50 contracts of GER30. And she told me to set up a take profit amount. I asked her what about the stop loss? She said don't put a stop loss. That it may go to as low as 80. But will come back up after. That should have been my indicator that instead of buying i should have sold. It went on going down afternoon and i asked her if i should just close it at a loss. She said NO, and I should wait.I reminded her that the margin may be too low. She said it will be ok. I did until the trade got automatically closed because of the margin.

    If i didn't listen to her advise and closed it earlier, i would have at least retain some of the money.

    Is there any way we can warn others about this?
     
  2. rajmadaher

    rajmadaher Recruit

    Joined:
    Sep 17, 2015
    Messages:
    5
    Likes Received:
    1
    we have to find someone who will sue this company asap
     
  3. NDE AE

    NDE AE Recruit

    Joined:
    Sep 17, 2015
    Messages:
    5
    Likes Received:
    0
    I really hope somebody here helps us. Thanks for your reply
     
  4. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,228
    First, invite the company's trading "expert" to come and join this thread.
     
  5. NDE AE

    NDE AE Recruit

    Joined:
    Sep 17, 2015
    Messages:
    5
    Likes Received:
    0
    Thank you for your advice. Will message her and invite. Thanks
     
  6. Eamonz

    Eamonz Recruit

    Joined:
    Sep 22, 2015
    Messages:
    1
    Likes Received:
    0
    Good day. How can I withdraw my money in xforex. I am from philippines. They have a chance to withdraw my money. Thanks
     
  7. NDE AE

    NDE AE Recruit

    Joined:
    Sep 17, 2015
    Messages:
    5
    Likes Received:
    0
    Use the fund management and withdraw. You have to send the withdrawal form to them on email. Follow up. Good luck!
     
: xforex

Share This Page