Report: #1122670

Complaint Review:

  • Submitted: Mon, February 10, 2014
  • Updated: Mon, February 10, 2014
  • Reported By: Jerry — Santa Clarita California
    48 Themistokli Dervi Ave
    Nicosia, Other
    Cyprus WGM Services Ltd This firm pretends to be securities broker, but they simply steal your money. Nicosia

*Author of original report: They finally paid

*UPDATE Employee: EZTrader official respond

Show customers why they should trust your business over your competitors...

EZTrader has stolen my money. 

My account had a balance of $1,750. I requested a withdrawal of the full amount. They indicated the wire would take 3 to 5 business days. Three weeks later they sent me $750. I inquired regarding the balance and they said it would be sent "soon". Three more weeks have gone by and now they won't even return my messages. Further, my online balance indicates zero which means my money is gone.

I've already filed a complaint with the Cyprus Securities Exchange Commission. I intend to let the world know about these rip-off artists. 

I'll seek legal recourse, if I can. 

Avoid this company at all costs. They make it easy to fund the account and impossible to withdrawal.

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This report was posted on Ripoff Report on 02/10/2014 11:07 PM and is a permanent record located here: 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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Updates & Rebuttals


#1 Author of original report

They finally paid

AUTHOR: Jerry - ()

This issue had nothing to do with bonuses. I filed a complaint with the SEC and the Cypress Security and Exchange Commission (CySEC). Neither of these entities followed up on my complaint so don't think that for a moment that a publicly registered company is safe since the governing bodies appear disinterested. 

Neverthelss, after filing these complaints and copying EZTrader, I finally received my last $1,000 back. I certainly believe their business model is bogus and their business practices illegal. But my only remaining complaint would be for hassle and interest, neither of which is large enough to chase. 

My advice is simple. Don't send any money to EZTrader and if you do, push very hard to get it back. 

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#2 UPDATE Employee

EZTrader official respond

AUTHOR: Rick Patterson - ()

My name is Rick Patterson and I'm an account manager at It sounds like the problem is that you lost your bonus. In any case, please send your details to my mail so I can check this issue and see exactly what happened.

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