UFXMarkets
Complaint 306373 Details

They called me one day in January and said that if i deposited $500 they will make me win $3000 by the end of the week. I did win a few hundred dollars but not $3000. Then the next week they called me up and said that the price of gold is rising very high and this only happens every two years, put some more money in. So I borrowed $10000 and put it in. That same day they also persuaded me to deposit another $10000 in, so I did because they promised me that I will win at least $15000 by the end of the week. Sure enough I won a couple of thousand dollars, but not (as they said) $15000. Then I traded some more with them and slowly built up my account to around $25000. I withdrew $1000 and instantly (so quickly that I was a little freaked out actually) they called me up and said why are you withdrawing this money put it back in you need it in here. This man is called Nadir Ayoub, my (supposedly) VIP account manager, if that is his real name anyway.
This happened more than once to me and each time I was forced to put the money back in. The last time I tried to do this he called me up and said please just let me show you that this is a great business and I will make you win, so put the money back in. So I did put the money back in. Then he put me in a trade of GBP/USD (selling) and my losses were around $25000 but I did not lose my money yet as I still had some more in the account (I really don't understand how you can buy with $4000 and lose $25000). He then urged me to put more money in as my money was almost used up, so I added another $5000. After the weekend my losses began to decrease (which I was glad for) until it was around $15000 and then he phoned saying "oh but we must get account balance back up! Let's do some more trading!". So he opened up three new deals for gold, oil and silver and it was going well for a while. That same day (3rd of february) I opened the website and found only $754 left in my balance and all my deals were closed. He never phoned me up again though I tried to contact him and I sent him an email as well, yet he never answered. His name is Nadir Ayoub.