CFD1000.com - A scam broker
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Thread: CFD1000.com - A scam broker

  1. #1
    After a few persuasive calls, Mrs. Rose Guion, Head of VIP Sales and Services - CFD1000, persuaded me to invest in their Algo Trading solution (CFD1000 Algo Trading) which would provide good yields. I was skeptical about investment since which I checked their website on scamadviser.com, the report stated Site is Russian Federation based and one ought to take caution when dealing with these as the indior has been inclined toward high risk. Also I was told that they were regulated by New Zealand however when I wrote to Financial Service Providers Register (FSPR), I was advised there is no such firm registered with them.

    In-spite of both of these warnings I decided to trust on these and invest $1,000 to check the platform. Rose advised me that the provider is in process of seeking regulation and that it would take some time and I must not worry about it being controlled or not. I must say for some time I did see some profits in the account and then I would receive a call from them stating we're running advertising and that I must invest more funds since they may double it up. I decided to invest3,000 in it. Thus equity from me was $4,000 and the total bonus with this account was $1,300.

    During the initial few weeks that the finance manager would take position and shut it maximum each day or two with profit or loss. However since the market began to develop into unfavorable the finance manager decided to permit the loss to last and did not bother closing the loosing trade. Not only did he allow loosing trade to become loss but he continued to open new positions in the direction that is unfavorable. As soon as I asked Rose Guion about this they're golden transactions. Due to lack of money management and position sizing the losses continued to rise and they caused a margin call for my account. When I asked them did they have to open so many positions in this small account and so size positions, I was told that the traders do their best to manage the account. Certainly by no means providing a margin call to client is in a finance manager's profile.

    I'm not expert in investing but according to my understanding most of the finance managers do not alloe more than 2 percent of the account size for any given trade and it might send shiver down the spine if any single transaction exposes risk over 5 percent of the account size. For my account, the ordinary risk of this transaction was 20% and the risk was at 34%. Additionally there was no charge in the number of open positions at any time period. Maintaining six positions of 0.20 lot and then hedging it with a mighty 1.20 lot size was surely not a professional decision.

    When I asked Rose Guion if the Fund supervisor have been directly in their role of giving me a margin call , I was told they have done their best. Additionally when I asked how would CFD1000.com allow me to recover the losses, I was told to invest more money with them and they'll offer maximum bonus to me to assist in recover the losses in next 12 - 24 months. My confidence in them is at rock bottom.

    I was later told by Rose Guion that she has been promoted in the company and that she doesn't handle my account no more. My account was passed to Jean Martinez. He has a Russian accent and called me few times from Italian number however when I asked him where he is based, I was advised he is based in London. He desired me to invest further funds in the account for recovery I told him I wish to see my initial investment before I invest 30, regained. He exchanged my account for months and it gradually recovered the losses. One fine day there were suddenly big positions opened along with several open positions. I warned both Jean and Rose about not letting third margin call for my account. Unfortunately in few days the account was hit by a margin call due to complete careless behaviour. It was a deliberate action of opening big positions and causing me a margin call . When I discussed with Rose, she advises that the market includes risks and I should be aware of it and based on Jean I must invest with them for me to recover my investment.

    I followed with Jean several times nevertheless he doesn't appear to be considering responding hence I have concluded CFD1000.com is a complete scam and I'd love to make it loud and clear to all of the present investors and the potential investors not to manage this company. They will show you progress for weeks or little longer however they'll shock you with their utter carelessness and destroy your account. I have observed this happening thrice with my account. They'd have refunded my sum due to their neglect however they have decided to discount my emails hence, if it was a company that is real their is little left to talk about them. I have lost $5,000 with those men and they're complete crooks and they'll gradually steal your hard earned cash. They did offer lot of promises yet failed to live up to some of it and continue to ask for more funds in order to recover the investment.

    Some more evidence of these being dishonest includes:

    1) scamadviser.com/is-cfd1000.com-a-fake-site.html
    There website is classified with Low Trust Rating and recognized as dangerous to use. It is based on Russian Federation with security level as little as 25%.

    2) blacklistedbrokers.com/warnings/search.php?mots=cfd1000
    CFD1000 Ltd / 1000Trading Group Corporation is in breach of French law and isn't required to adhere to the fundamental principles of investor protection, good information or claims processing.

    3) tradecomplaint.com/trading-reviews-complaints/India/cfd1000-com-reviews-complaints/forex/fx-broker/fraud-fund-mangers-of-broker-cfd1000-com_i12930#.Vbew1vmqpBcgsc.tab=0

    4) .tradecomplaint. Com/trading-reviews-complaints/India/CFD1000-com-reviews-complaints/forex/fx-broker/cfd1000-com-cfd1000-broker-are-a-fraud-service-provider-in-forex-market_i13164#.Vbew3PmqpBcgsc. Tab=0

    I'll share more information about them in near future so that other investors aren't cheated. Never permit a broker worker or a IB to trade your account. I urge all of the investors of CFD1000.com to withdraw your capital before its too late. If they prove to be broker and if they really do refund my investmest I will keep you posted.

    The Only One

  2. #2
    If anyone ever mentioned the title CFD1000 to me personally as a broker I would told you do not waste your time. I'm not saying this to gloat or show off but sometimes the trick is in the title.

  3. #3
    Hi xMeruem,

    I completely agree. However these scammers have been putting together the site as if it is a real company with real back office. Apparently they don't even have an office in London but just a virtual office with UK number. I have been advised this is founded in a scam organisation and Israel. All of Forexsoutheast.asia users, please be advised to steer clear of this organisation.

    Regards,

    B

  4. #4
    CFD1000.com is a scam firm whose sole purpose is to steal the hard earned money from the investors. If you ever spend money with them believe it gone. Invest at your own risk and enlarge from performing harm. They have started FX eduion site and offering pirated software. Not quite plausible of a broker to provide pirated software

    http://cfd1000.eduion/

  5. #5
    Quote Originally Posted by ;
    After many persuasive calls, Mrs. Rose Guion, Head of VIP Sales and Services - CFD1000, convinced me to invest in their own Algo Trading alternative (CFD1000 Algo Trading) which would give good yields. I had been skeptical about investment because which I checked their website onto scamadviser.com, the report stated Website is Russian Federation based and one needs to take care when dealing with them as the indior has been likely toward high risk. I also had been told that they had been regulated by New Zealand but when I wrote to Financial Service Providers Register...
    such a pity. . You took the time to investigate if they were untrue and the answer was no but for a reason you went ahead anyway...

  6. #6
    To tell you the fact I invested last year. I do my due diligence before embarking on any new venture. Unfortunately there was no history of the company on forums. Now after a year we can see lots of whine. It's my personnal initiative make them aware and to warn the investors. I had even checked forexpeacearmy.com afterward but didn't find any comments on them in the time.

  7. #7
    CFD1000 SCAM -- Withholding Withdrawal
    Hi,

    I would like to write this post to talk about my experience and to help anyone that is planning to start an account with CFD1000 or is already trading together.

    If you are already trading together, you may want to attempt to draw your funds to find out what happens. Please discuss your experience.

    I will Attempt to make this brief and enlightening as possible:

    ISSUE

    I asked a withdrawal of ? 6,000 on May 25, 2015 (6 weeks ago) and I am still waiting.
    I know three other people that are in precisely the exact same situation as me and still waiting for their withdrawals.

    For the last 6 weeks I have been trying to contact CFD1000 and it has been close to impossible to get hold of anyone. They do not contact me back (I have attempted through email, live chat, telephone, skype). While I have managed to achieve someone they pass me to another sales representative or never provide me an answer.

    NO SEGREGATED ACCOUNTS

    Mr Franklin Martinez and Mr. Paul Miller assured that my funds would constantly be segregated through an external company called Lamda (https://www.lamdacs.com/). This was a lie, as once I exchange with CFD1000, my funds are in CFD1000?s account rather than in my Lamda account.


    NO REGULATION

    Mr Franklin Martinez advised that CFD1000 was regulated in New Zealand. This wasn't true, after we checked. They are not regulated anywhere. They state on their terms and conditions ?The company was incorporated in the New Zealand under the International Business Companies?, nevertheless we can't discover any company registered as CFD1000 Limited.

    NO OFFICES

    I have been to the office address they state on their website (88 Wood StreetLondon EC2V 7AJ , United Kingdom) and there is absolutely no office under CFD1000 or some other of their company names.

    MARKET MAKER BUSINESS MODEL

    CFD1000 is a pure market maker. This usually means that they create their own market prices (do not have to be the exact same as official market prices) and they take the other hand in your position. When you win they lose and vice-versa. As you can imagine, no one but the broker can acquire with this form of business model.

    NO WITHDRAWALS

    If you are lucky they will probably process the first 1-3 refunds (to get your assurance) and then will not process anymore withdrawals.

    COUNTRY
    nobody really knows where they are actually based. Some say in others and Russia in Israel.

    SOME OF THEIR OTHER WEBSITES

    They've various other trading companies and sites to watch out for (will update with any new sites that they establish):

    http://binary1000pro.com/
    https://cfd1000.sirixtrader.com/

    http://1000tradinggroup.com

    http://1000tradingpartnerslp.com/

    http://grizzly-ltd.com/ (I obtained a drawback from this company on-behalf of CFD1000)

    http://binary1000.trade (Closed)

    http://cfd1000.com/es/

    https://mobile-cfd1000.sirixtrader.com/#home
    https://www.lamdacs.com/ (functions as a card processor for them)

    CONCLUSION

    It may be a fantastic idea that anybody having problems with CFD1000, do as under:

    1) Post your reviews on different forums and sites (just search CFD1000 on google and write testimonials on first ten pages).

    2) Post your experience at Social Media (Twitter, Facebook, Youtube, Pinterest, Google ). I have created social media webpages to help spread the word:
    https://twitter.com/CFD1000_Scam
    https://www.facebook.com/gin.gui.18
    https://plus.google.com/112443248190661696847
    https://www.youtube.com/channel/UCvE...7O2SyF-BPe8A9w

    3) Go to regulators such as FSA and Ombudsman, FSP at New Zealand, SEC, ESMA and OLAF and make them conscious of what's going on.

    4) Go to your community police office.

    5) Get legal advice and sue.

    6) Keep a look out for different sites they open, for example anything with ?1000? in the url and are linked to trading.

    I hope this review has helped. These type of organizations need to be stopped and I believe it is incredible how easily they can get away with it!

    Thank you and best of fortune,#65279;

  8. #8
    It is fascinating how this scammers may get from International Financial Regulatory authorities. Such a hoax company is running without leaving any signs for its investors. CFD1000.com website and its partner website ought to be closed since they are running pure illegal company on name of forex. All investors BEWARE of all CFD1000.com

  9. #9
    I joined in august 2016 after Mike Wilson persuaded me that he'll make profit from my money. In the beginning he wanted $250.00, after I gave him he wanted more money and more, after I cleared my balance of my credit card he still insisted on more money, by his time a paid him around R45000.00 (south African currency).when I refused to give any extra money , he had been very angry and used foul language on the telephone and after that I never heard from him or Emily White who had been also in contact with me regarding obligations. They have not answered any emails and I have not received one cent from CFD1000.

    PLEASE TO ALL WHO IS THINKING OF JOINING -- - SPEND YOUR MONEY SOMEWHERE ELSE.

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