Complaint Review: Monex
Monex Monex Deposit Co Poor trader supervision and strategy, Internet
*General Comment: Ripoff by Monex
Dear Mr. Carabini,
Taking a moment here
to write you a short note regarding my experience with your company. Basically
during this recent bull market in precious
commodities your trader ****** ******** traded my account and lost thousands of
dollars. This represented a large percentage of the total account entrusted to
him. I am sure there are stories and explanations aplenty. I am also sure there
are numerous protections in place preventing you and your firm from having to
traders at your firm need a unified strategy if you have so many experts
well put them all together and have a unified direction so investors do not
bleed out at your firm. The concept that a trader at one desk does what he
thinks makes sense and the trader at the next desk does what he thinks makes
sense is clearly not working.
I look forward to a
refund of my hard earned - easily lost money. But that likely will not happen.
At any rate I will be sure to publicize online your response. This disappointing
record of losses I had with your firm,
needs to be publicized - perhaps preventing yet some other fellow from
suffering the same losses - due to basically poor strategy and lack of proper supervision
at your firm.
Note - they are probably fine as a depository - lousy at trading.
This report was posted on Ripoff Report on 04/09/2013 03:20 PM and is a permanent record located here: http://www.ripoffreport.com/reports/monex/internet/monex-monex-deposit-co-poor-trader-supervision-and-strategy-internet-1041953. 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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