• Report: #1130025

Complaint Review: Oracle FX Plus

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  • Submitted: Tue, March 11, 2014
  • Updated: Mon, July 07, 2014

  • Reported By: Joel — Melbourne Florida
Oracle FX Plus
77B Canterbury Road, Canterbury, Victoria 3126 Melbourne, Australia

Oracle FX Plus Craig Davidson Director and shareholders Craig Davidson George Minas and David Oliver Craig Davidson has emailed me and phoned me early March 2014 supplying passwords to go into his website whcih can only be viewed with a passsword (Suspisious) and attempted to get me to pay him money to invest, i then went onto the ASIC sight and looked under their professional registers and can see that Oracle FX Plus is not licensed at all. Melbourne Australia

*REBUTTAL Owner of company: Oracle FX Plus

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Craig Davidson has emailed me and phoned me early March 2014 supplying passwords to go into his website whcih can only be viewed with a passsword (Suspisious) and attempted to get me to pay him money to invest, i then went onto the ASIC sight and looked under their professional registers and can see that Oracle FX Plus is not licensed at all. They had a license for 3 days from Feb 10 to Feb 13 2014 and yet they still continue to operate right under ASICS nose. I have just taken screen shots of all their documents and the emails sent to me asking me to invest money with them while they are not licensed to do so. If there is anyone else out there being contacted be smart and do your research and you will save your money. Hopefully ASIC will come down hard on this rogue company


This report was posted on Ripoff Report on 03/11/2014 07:45 PM and is a permanent record located here: http://www.ripoffreport.com/r/Oracle-FX-Plus/Melbourne-/Oracle-FX-Plus-Craig-Davidson-Director-and-shareholders-Craig-Davidson-George-Minas-and-Da-1130025. 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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REBUTTALS & REPLIES:
0Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 REBUTTAL Owner of company

Oracle FX Plus

AUTHOR: Oracle FX Plus Pty Ltd - ()

Hi Everyone,

Please be advised that Oracle FX Plus has as at 17/03/2014 been licenced and is a corporate authorized representative of Olive Financial Markets. Our licence details are as follows:
CAR No.453002
AFSL No. 390906
Craig Davidson Authorised Representative Number: 446882.

Anyone interested can check our licence on the ASIC website here:connectonline.asic.gov.au/Re...e=10h2ip6v27_4

Oracle was previously licenced by HLK Group four a couple of days and due to licencing requirements/restrictions we opted to change licencee.

Our website up until the 21/03/2014 was in the final stages of being finalised (checked to make sure that it is compliant to ASIC standards) and that is the reason why it was password protected. Our website went public without a password on 21/03/2014. Somehow by means unbeknownst to us, our password had been leaked. The only reason it was password protected was for compliance and reviewing purposes. It went public only after we receive final approval from our compliance regulators. No client was ever given the password and we can categorically state that we had never been in contact with clients prior to 17/03/2014. I believe this is another attempt by our previous employer to smear our name prior to us even having commenced trading! Another example of his antics can be found at http://www.ripoffreport.com/r/Oracle-FX-Plus/Camberwell-Victoria-Select-StateProvince/Oracle-FX-Plus-Craig-Davidson-George-Minas-FX-SCAM-COMPANY-Melbourne-Victoria-Australia-1102863 

It is interesting to note that the person has lodged this report states that they were asked to pay $7,997 to invest. As per our website atoraclefxplus.com.au  I wish to bring to attention the fact that as at 20/05/2014, our upfront fees only range from $700 to $1800. Unlike our previous employer (who charged upfront membership fees for 10 years upto $17,000) our annual fee on all our accounts is only $99.

It is also interesting to note that in the screen shot that this person supplied clearly shows 4 interesting icons in his taskbar. The little blue man with hat is MetaTrader 4 Manager, the red icon with white diamond shape is Vatage FX Trader, and the icon of thre figures holding hands yelloe red and green is Multi-Account Manager. These three programs are not generally available to the public and only currency trading companies (like our previous employer) would ussually have these 3 programs. What is more, the donkey with yellow circle icon is for a program called "hide my a*s" which hides his ip address which enables him to attack people on the net without his identity being revealed. This clearly shows that our previous employer has again been trying to destroy our business. If only he spent as much time concentrating on getting his trading right and serving his customers!

Furthermore, Mr Craig Davidson does not have a conviction recorded against his name. His Police Report clearly shows "Without Conviction". Our licencee and the regulators are fully aware of his Police Report and they were happy to proceed and licence him. At Oracle FX Plus we are fully compliant. It is important that when you are researching any investment opportunity that you understand all of the risks associated with your decision particularly the company you are about to invest with. You should only ever deal with a company that is licensed and registered with the Australian Securities and Investments Commission (ASIC). This ensures that the company you are reviewing has already been reviewed by the industry regulator (ASIC) and that they comply to very stringent rules set to protect you the consumer.

In conclusion, I appreciate the opportunity to provide our right of reply. We stand firm in our conviction to do what is right and provide a transparent service to all our clients, forever ready to be held accountable for our actions.  Unlike our previous employer, we are always available and any questions you may have can be emailed to us at invest@oraclefxplus.com.au

It’s funny and ironic in a sense, that Craig and myself believe we need to thank our previous employetr. If it wasn’t for our time at with him and the severe shortcomings that we experienced there, we would never have given thought to establishing our own business - Oracle FX Plus. You showed us through your actions what not to do!

We ask that should anyone have any questions to please email us at invest@oraclefxplus.com.au or call us on 1300366001.

Kind Regards,
The Oracle FX Plus Team

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