• Report: #628308

Complaint Review: Forex Capital Trading Partners

  • Submitted: Mon, August 02, 2010
  • Updated: Fri, August 12, 2011

  • Reported By: Anonymous — Anytown Hawaii USA
Forex Capital Trading Partners
50 Broad Street Internet United States of America

Forex Capital Trading Partners Highland Stone Capital Forex Capital Trading Partners is a Scam Internet

*Author of original report: Response to "FCTP: Setting the Record Straight"

*Consumer Comment: Rejoinder

*General Comment: Forex Trading Capital

*UPDATE Employee: FCTP: Setting the Record Straight.

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A David M. Son called me from Forex Capital Trading Partners.  He was advocating investing in foreign currencies.  He pursued me for months during which time I was reluctant to follow his investment advice.  Unfortunately, I finally relented and agreed to invest to the tune of $10,000.00.  Within 2 WEEKS, that amount had been reduced to less than $25.00.  Even though he had given me his personal cell phone number, Mr. Son now refuses to take or return my calls.

I believe that this organization is a total scam;  DO NOT GET INVOLVED WITH THEM!

This report was posted on Ripoff Report on 08/02/2010 09:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/Forex-Capital-Trading-Partners/internet/Forex-Capital-Trading-Partners-Highland-Stone-Capital-Forex-Capital-Trading-Partners-is-a-628308. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Author of original report

Response to "FCTP: Setting the Record Straight"

AUTHOR: Anonymous - (USA)

In response to the individual calling herself "President FCTP" (would this be Susan Graham Davis?), I would like to direct any interested parties to the following website: http://www.cftc.gov/PressRoom/PressReleases/pr6083-11.html.

The title of this article is: "CFTC Charges Susan G. Davis, Joseph Burgos, and their Companies with Fraud in Off-Exchange Foreign Currency Scheme".  To summarize, the parties involved in two companies are to be tried for fraud of the most despicable kind. 

If you or anyone that you know had an investment with these companies, PLEASE send a letter to the CFTC with all the details of your transactions.  The address is:
Commodities Futures Trading Commission
Three Lafayette Center
1155 21st Street, NW
Washington, DC  20581.

I am Anonymous, the writer of the first consumer comment regarding FCTP.
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#2 Consumer Comment


AUTHOR: Robert - (USA)

What is your name, Mr. President??

Summary: if our readers here are thinking of doing it, DON'T.

It is beginning to look as if I have been swindled also, since I opened a Forex account directed by Highland Stone Capital just 3 months ago.  Today is 11 Aug 2011.

Not the 70% per year track record claimed, but loss in the account of 60% in 3 months; small gains BIG losses.  Bad enough, but since 27 May 2011 there have no trade confirmations nor monthly statements sent to me. After multiples of confusions, switched passwords, etc. I finally entered the Windsor 4 Direct [Metatrader platform] to view the wreckage of my investment - 60% loss.

When I asked my FCTP Inc agent "VP at FCTP" on 3 May 2011 what was the relationship between themselves as introducing broker and the Highland Stone Capital outfit, he said he was tied up with a family health problem and he'd "get back to me in a couple days". 
He has not called or mailed any reply to my emails or phone calls ... illness?, possibly. But he may just have been busy cleaning out all evidence from his desk and files.

I will name him later after I can do further investigation. Mr. VP's direct phone # took several messages in past month, but now it only rings with no message or recording ability. Mr. VP had my managed account with another firm that earned me some money then lost heavily "when the markets changed." At least I got the remaining cash back.  Mr. VP kept in touch over 1-2 years, then told me of Highland Capital's well managed non-greedy performance, so I opened this account at FCTP.

Now their corporate phone is also a barrier, answering "automated attendent" with no name, hours, or Operator 0 except "enter the first few letters and #" .  Well no match for Mr. VP nor for

Christopher L. Cranfield
Assistant Compliance Officer
Forex Capital Trading Partners, Inc.
Your Partner in the Forex Market
75 Broad St., Suite 205
New York, NY  10004
1.646.546.5975 office
1.646.688.3429 fax

Mr. Cranfield has never replied since he was involved in the initial account opening.  I hope these names are not ficticious so there might be some satisfaction some day.

My next faint hope is that Windsor Brokers, Ltd is holding what's left of my stake, but they are almost harder to reach, with email addresses that get bounced back.  I will see if their phones in Cyprus might work?  Are they beyond US jurisdiction, probably?  I only hope that the Greek government hasn't taken my money for their own pressing needs.  I will try for a phone number at 3 am today.
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#3 General Comment

Forex Trading Capital

AUTHOR: Greg B - (United States of America)

I can not report as to the validity of their services but I can say that the owners and management are liars and thieves.  They sublet space at 75 broad street forms November 2010 to the end of February 2011.  When they left, they physically stole computer equipment. They did so while the person they were subletting form, was out with his wife who was giving birth.  This is the lowest form of criminal.  The main partner in forex capital forged letters and tricked the building into letting them remove computer equipment from the building that did not belong to them.  They are operating their business on stolen hardware.  On top of that, they bounced a deposit check for the office in the amount of 25 thousand dollars.  To this point, they think they got away with the criminal act,, they will soon be very surprised.  Luckily, the building was able to provide security video of the theft and the original sales order for all the equipment showing serial numbers and original purchaser has been located.   Police have been notified and proper channels are being followed.   I left out actual names out of respect, even though I shouldnt have any.  I believe taking the high road is the best course of action.  Please do your research before involving yourself with this organization that is run by people with questionable values.
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#4 UPDATE Employee

FCTP: Setting the Record Straight.

AUTHOR: President FCTP, inc - (United States of America)

Forex Capital Trading Partners, Inc. is an introducing Broker located at 44 Wall Street, Suite 1601,  New York, New York, 10005.  Like any nascent company we have experienced our share of growing pains. Part of that process is identifying the appropriate personnel to properly represent the company.  In September of 2010, a new management team was installed.   Shortly thereafter, the former employee, David Son, no longer worked for FCTP.  Our current sales team has years of experience in the financial industry and is focused on developing enduring relationships based on trust, integrity and a commitment to service.

By way of background, the complainant's wife was an affiliate working with the former employee.  The complainant had personally requested that the report be removed from this site. Unfortunately, it is the policy of this site to never remove any report whatsoever no matter what the circumstances.

The investment vehicle in which the complainant invested was a managed forex account. The Highland Stone Capital managed Forex account currently has a minimum investment requirement of $50,000.  [We] only do business with accredited investors. This alternative investment vehicle is an uncorrelated asset class which may not be suitable for all investors.  There is an inherent risk in any investment. In addition, the HSC managed forex account is only compensated on a performance fee basis. Why is that important?  Because HSC only gets paid when it makes money for a client as a result of achieving a new all time high on a monthly basis. The HSC has been rated in the past by both Barclays Hedge and Stark Research.   Since its inception in 2004 it has never had a down year and has an annual rate of return averaging more than 70%.  Past performance is not necessarily indicative of future results. The head trader of HSC was recently quoted in Futures and Option World Magazine's November 2010 issue. 

Trust, integrity and a commitment to service may be mere words on this screen, but to us they are the standard by which we measure ourselves every single day.  As FCTP continues to grow, we may stumble along the way, nevertheless, we are determined in our relentless pursuit to getting it right.
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