This is a company that is known with bending the rules/regulations in the way it benefits them and disadvantages the customer. Please record every conversation you have with them. You are not obliged to tell them you are recording as they are do not tell you if they are recording. They only record occasionaly.
It has been noted that CIFs grant trading benefits (e.g. Bonuses) to their clients under certain conditions. Sometimes these conditions are associated with the funds that clients deposit in CIFs for trading.
This practice is permitted provided that clients funds are free to withdraw at all times and whenever the client wishes.
It has been observed, however, that the above does not always apply. There are cases where the client, who has been granted a benefit, may withdraw his
Funds only when he conducts trades whose total value reaches a specified, by the CIF, trading volume.
2. Any restrictions on the withdrawal of clients funds are not in compliance with
The provision s of the Investment Services and Activities and Regulated Markets Law, as in force (the Law) and the Commissions Directive DI144-2007-01 of 2012 for the
Authorisation and operating conditions of CIFs (the Directive).
Furthermore, prompting clients to conduct trades with a view to achieving a specified trading volumeand then be entitled to withdraw their deposits are not accepted as fair and good practice towards clients.
It is provided that all profits and losses generated using clients funds are allocated to
Clients and in no case, the CIF may keep the profits.
What they will tell you is you accepted our T&C. However they accepted to be regulated. If you are regulated you should accept the regulators regulations. And not handpick beneficial rules/regulations and disregard the others.
How does that comply with this:
CIFs that grant monetary benefits to their clients, must
I. Provide accurate, clear and not misleading information, when advertising such a scheme.
Ii. Describe in detail to their clients the way the scheme works, as well as its terms and conditions.
Iii. Always be able to separate the funds belonging to clients from the monetary benefit
Granted to them.
Iv. Monitor on a continuous basis and take all appropriate measures to always be able
To meet the terms of the scheme without affecting their capital adequacy
IT DOES NOT!
Record phonecalls! So that you have EVIDENCE.
If they block your DEPOSIT, if they don't COMPLY with any of the issues above report them to CySEC, www.ftc.gov/complaint (US), http://www.ic3.gov/complaint/default.aspx, FCA (UK), Actionfraud (UK), AMF (FR), BaFIN (D), kifid (NL), AFM (NL), FSMA (BE).
Most of the positive feedback you find here and on other websites come from their own employee's. They even operate 'review' websites to receive more traffic and gain more exposure.
Trading platform generates unusual drops or pikes just before expiration of your trade.
See their MANIPULATED trading platform: http://bit.ly/1Jng6K8
There are more video's like this. I have a local collection. Just in case.