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Report: #1296944

Complaint Review: Algo Capitals - Internet

  • Submitted:
  • Updated:
  • Reported By: NoTrustLeft — Perth Other Australia
  • Author Confirmed What's this?
  • Why?
  • Algo Capitals Internet USA

Algo Capitals Titan Trade Scam Investments London UK Internet

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I intially invested a small amount with Titan Trade experimenting with Binary Options & was dealing with Patrick Green.  Patrick convinced me that even though I was getting small returns on Binary (the time difference was inconvenient), the MT4 platform would be the way to make some money without having to do anything.

I then was transferred to Dave Garcia - he only trades on VIP accounts(over $150K) - but in this instance he would make an exception to show me how much they could make for me. The first 2 months made good profits with little risk, however getting any money back is impossible.  I invested a large amount (to me anyway) - $50K, profits over 6 months brought the balance to $140K.  Why would anyone complain about that.

Talking to Dave Garcia became impossible - just totally uncontactable but the account balance was increasing. Then I get a call from Dave Fischer (the senior account manager) to find out about my investment strategy and that I should invest more money.  I told him I would rather withdraw my initial investment and there was no more money to invest.

Within 3 days my account had lost $40,000.00.  I emailed Algo Capitals and sent skye messages to both Dave Fischer & Dave Garcia to stop all trading on my account.  Not a single response except from Dave Fischer to tell me he wasn't my account manager and to stop annoying him.

A week later Dave Garcia suddenly returns and nicely requests I invest more money so they can prove themselves.  I tell them I just want to close the account and please respect my requests for all trading to stop.  He convinces me to let him trade until the end of the month - to which I agree - I look at my account the next morning & it has lost another $20,000.00.

I immediately send skype & email messages for them to close the account & nothing happens - the trading continues and the losses continue.  The account now has about $40000.00 left which I expect to be gone by tomorrow.

Do not trust these scammers one bit - do not even give them a cent.

 

 

 

This report was posted on Ripoff Report on 03/31/2016 02:27 AM and is a permanent record located here: https://www.ripoffreport.com/reports/algo-capitals/internet/algo-capitals-titan-trade-scam-investments-london-uk-internet-1296944. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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