Forex Managed Accounts USA, USA, US
- 26th Sep, 2017
- $15,000 Reported Loss
FOREX MANAGED ACCOUNTS IS A FRAUD! I MADE AN ACCOUNT WITH THEM IN ORDER TO TRADE AND THEY PROVIDED ME WITH A BROKER WHO WAS TRADING FOR THEIR BENEFIT AND NOT THE CLIENTS!! THEY ARE FRAUD!!
- Report #5YCGN
- Reporter RONSMOLOVI
Forex supposedly deals with trading and investments. They tell you they will help your investments lead to a better future.
I saw their advertisement, it looked very attractive and shiny and made me join their firm and make an account. Now I made my account and called the given helpline +(1) 954-378-9457 and spoke to their customer support.
She told me they would make me invest in the correct places and earn a lot of money. They also told me I wouldn’t be doing my own trading, I just needed to sit back and relax and see my account profit thousands of dollars.
They provided me with a trader/broker who would be using my account to do the trades. I credited my account with $1000 and the broker got on with his job. Within a week itself I saw that I almost lost my $1000 and was barely left with any cash and that’s when he asked me to invest more. He told me this happens, you lose first and then you gain so much more.
I wasn’t convinced, but I did put in $500 more to see how it goes. I saw him lose all that cash too, he wasn’t trading properly or his trades were all in the wrong firms. He said this was just a part of all this and it would still be fine.
This had annoyed me; I lost almost $1500 and didn’t gain a dollar. I understood that the broker was probably benefiting the firm and not me. He wanted to push all the profits to the firm, the firm gained the profits and the clients faced the loses.
This company is a scam!! Please do not invest in Forex and deal with trades, find other firms but not this!! FRAUDS!!
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