ED Magedson – Founder
Traderfx, Select State/Province Bulgaria
Traderfx AKA Alex stern Refused to refund my initial deposit even after I won on trades Traderfx.com Bulgaria
i should have known better when they never asked for my password or address verification. But here goes.
When I applied a senior manager called me and welcomed me following up to say that if I lost money he would refund me my investment I thought that was great so what can I loose. I deposited 500 dollars which was big for me. Another broker called and said he would help me make money. Immediately he gave me a bonus of 500 dollars. Which I thought was their bonus.
He then asked meto trade all of it on 2 trades I said No way but he was very persuasive saying over and over I could not loose money even if I lost. I lost 2trades and he said look at your account and lo and behold the 1000 wads back again.
He then after much coaxing in the same manner iI cant loose) told me to put 3000 dollars into my account and I will not loose. I cannot believe I done that but I did and I won 6900 was now in my account. I wanted for a transfer of the initial 3000 which he promised he would do but it just never happened.
I talked to another broker and he explained the bonus system once you have used it you cannot get your Money back until you have your deposit plus the bonus x20 in you account to get this back. This is impossible for a normal investor. It would mean I need over 100000 dollars.
Nobody ever explains this up front. If you notice the first thing that happened was he gave me 500 right away so I was screwed.
I am sick over this but hoping this report helps others who want to get involved in scam brokerages. Loss of sleep and high blood pressure is now killing me. I am retired and obviously weak and now sick of loosing this money.
Bottm line is I have money there I want out and they refuse. I do not want to do Abby business with them anymore But I really need my money back to pay my visa back.
This report was posted on Ripoff Report on 07/04/2013 05:16 AM and is a permanent record located here: http://www.ripoffreport.com/reports/traderfx/select-stateprovince/traderfx-aka-alex-stern-refused-to-refund-my-initial-deposit-even-after-i-won-on-trades-t-1064367. 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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