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3.0 2 Reviews
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ForexCT / Forex Capital Trading complaints 2

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S
8:56 am EDT
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ForexCT / Forex Capital Trading forex fund scam

my self sushilkumar landge.

m IB holder of www.forexct.com

this componey from austrelia.(but in real this componey registration from vanatau.)
in my IB program there are 12 live traders.but in last three days. 28/10/2010.
i trade in GBP/USD. (sll short @ 1.6041 to 1.6030. then market closed at 22.00.

wen m see day after m shocked all accounts position closed.automatically .this poblem is toally turns the forexct end.

and now componey say m not responsible for that position problem.

plz any one know about legal action .for my fund then help me.

sushikumsr

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YoScammer Dogscrape
, NG
Jun 28, 2018 8:15 pm EDT
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New flyer from Forexct nice one

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michaelwang
Fitzroy North, AU
Jul 13, 2014 7:07 pm EDT
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This ForexCT, is really bad, they are using every kind possible ways to harm others. I wish find people wanted to start a group, and group action against ForexCT. Please contact me asap. Thanks

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J
1:40 pm EST
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.

ForexCT / Forex Capital Trading Fraud - forexct.com did not give me my profits back and has done a runner.

This company is a complete Scam. They are based out of Australia. The company invited me to start trading wtih them and gave me a deposit bonus for depositing funds with them. They kept sending me emails to trade during their Happy Hour period. I traded with them for 3 months and when I went to withdraw my profits, they cancelled all my profitable trades and returned back just the sums I had deposited using my credit card.

The company has committed a fraud and invites you to trade with them, and then if you loose money they will not cancel any of the trades. But if you make money then will cancel all the trades restrospectively.

I have got all the evidences to prove the scam business they are in. They have frozen my account and have refused to answer any of my calls or reply appropriately to my email replies. I have taken the Legal route against them, but would really appreciate if you stay away from this company and put your claims against this company on this board.

The companys Complaince Officer Daniel Avrahami will try to mislead you and claim that their holding company is based in Vanatanu and hence the investors cannot claim any money from them, though the whole operation is being conducted from Melbourne and Sydney.

This company is a complete scam, and ForexPeace Army moderators have put the strong wording against them on their website as well. They are almost going to recommend a scam finding against this company soon.

Please do contact me if you need any further evidence against them and please help me and the wider community take stringent civil and criminal action against the directors of this company who have actually ran away with my money.

Read full review of ForexCT / Forex Capital Trading and 53 comments
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Jonathan Bracker
Plano, TX 75074, US
Feb 20, 2024 2:58 am EST
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Your situation is similar to what occurred to me.

There is an article on this website about Paige McCubbin and how she has helped victims like myself get their money back.

she was able to retrieve my money and it was deposited into my bank

If you need help, I recommend contacting her on Telegram; her name is Paigecubbin.

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Bill Rush
Melbourne, AU
Oct 29, 2020 4:53 pm EDT
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To everyone looking to get their money back, or at least ask some pertinent questions without waiting for the Federal Court process --- you could always visit the place where the Director of ForexCT -- a man named Shlomo Yoshai resides and ask him directly:

32 Victor Road
Bentleigh East
3165
VIC

This guy was embroiled in the Panama Papers scandal. Who woulda thunk it?
https://offshoreleaks.icij.org/nodes/13010793

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Ray Cardozo
, US
Sep 08, 2019 12:11 am EDT

I also had a bad experience in trading. Idid lost all in total and whenever I try to cash out one story or the other keep coming up to me at every giving point of time so i gave up on them. After several weeks, I came across this agency, expert recovery that helped me get back about 75 percent of my lost funds. I learnt there is a class action proceeding, but I believe that takes more time and money paid to lawyers is way expensive. You can talk to a recovery expert, ASHERELLAZAR on protonma1l

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YoScammer Dogscrape
, NG
Apr 24, 2019 1:22 am EDT
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Wankers goodbye - get a real job you maggots

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YoScammer Dogscrape
, NG
Apr 24, 2019 1:21 am EDT
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Good riddance

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YoScammer Dogscrape
, NG
Apr 24, 2019 1:14 am EDT
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Fed Police & ASIC Raid ForexCT After Customer Complaints
22
Mar, 2019
by Riya Joshi

The global forex trading market is thriving as investors look to capitalize and make quick profits. Forex trading has a lot of positives and some negatives. Unfortunately, this attracts conmen and grifters which can put the entire forex trading industry in a bad light.

Recent reports from Australia are troubling for the industry as the Australian Federal police and the Australian Securities & Investments Commission (ASIC) raided the Melbourne office of an online forex broker who was allegedly harassing and pressuring clients.

The offices of ForexCT was recently raided and the authorities decided to freeze company accounts along with the accounts of its director Shlomi Yoshai. Mr. Yoshai has also been stopped from leaving the country. As one of the 70 licensed forex brokers in Australia, ForexCT has been selling its services to Australian residents for a number of years now.

However, it appears that the company was not completely legit as the warrant for the raid also had the names of several ForexCT employees. Additionally, reports show that the ForexCT clients have been under pressure from the company to invest hundreds of thousands of dollars in forex. All of which was subsequently lost.

Though naturally risky, forex losses of this level are suspicious. Which forex trading is technically legal in Australia, the ASIC does give out warnings that forex trading is incredibly volatile and requires a lot of knowledge to do properly.

Customers Conned Into Investing Everything
This raid comes after reports that a 73-year old retired trader lost $270, 000 of his superannuation to the broker. Fransisco Marques claims that he was cold-called last year by ForexCT and was convinced to invest $500. This started him on the path to losing a lot of money to the broker, with the worst transaction being $120, 000 in one night. The end result is that Marques has lost everything.

In a statement, Diana Marques, his daughter said

My dad is so risk averse. This is a man who has worked his whole life seven days a week, 12, 15 hours a day, saved all his money, saved his superannuation, all of this and just being been really tight with money. They would have pushed him to just keep going and going and going, and invest more and more and more. I can see how my dad would have not known what he was doing and trusted what they were saying.

When Mr. Marques called ForexCT to check on his account to try and withdraw his money, it was nearly impossible to do it. Additionally, the representative that answered convinced him he was doing well and he just needed to invest more. Mr. Marques is one of the customers who have already lodged a complaint with the Australian Financial Complaints Authority (AFCA) for his losses.

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YoScammer Dogscrape
, NG
Jun 28, 2018 8:36 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

Christmas at Forexct.com flyer to hand out for you whankerrs

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YoScammer Dogscrape
, NG
Jun 28, 2018 8:20 pm EDT
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Chris Mr Aqusuition Freeman from 4FailXct.com you can share this with your buddies at the office

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YoScammer Dogscrape
, NG
Jun 28, 2018 8:11 pm EDT
Verified customer This comment was posted by a verified customer. Learn more

Cockroaches and filthy rats pretending to be people.
Their time will come

If you get stung, write emails, take screenshots, keep a bag of evidence to dump on them later once you have been robbed or left helpless by the dodgy trading platform errors that appear from nowhere and prevent you trading when it's most critical.

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Garri_ Garry
, AU
Jun 26, 2018 12:35 pm EDT

Hi anyone taking any legal action against them I want to join .. please email kler_kevin@yahoo.com.au

Is ForexCT / Forex Capital Trading legit?

Our verdict: Given the nuanced findings from Complaints Board's comprehensive review, we cannot assert the full safety of ForexCT / Forex Capital Trading's website. The legitimacy of ForexCT / Forex Capital Trading requires cautious navigation by users. We recommend proceeding with caution and employing your best judgment when interacting with ForexCT / Forex Capital Trading, especially when browsing their offerings or sharing personal information.

ForexCT / Forex Capital Trading earns 48% level of Trustworthiness

Moderate Safety Advisory: ForexCT / Forex Capital Trading has a 48% legitimacy rating by Complaintsboard. Proceed with caution, using best judgment.

There was some difficulty in evaluating or examining the information or data present on the forexct.com, an be seen as a negative sign of its legitimacy. This could indicate that the site is hiding information. Consider the potential risks involved in engaging with a website if you're unable to analyze its content.

The website belonging to ForexCT / Forex Capital Trading has a low number of visitors, which could be a red flag for users. However, it's important to conduct additional research to fully evaluate the website's legitimacy and trustworthiness.

Complaints Board has received reports that the website may be a possible fraud. To protect yourself, consider using a different website. If you find that the website is indeed fraudulent, report them to us, to help protect other consumers.

We conducted a search on social media and found several negative reviews related to ForexCT / Forex Capital Trading. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.

However ComplaintsBoard has detected that:

  • Forexct.com has a valid SSL certificate, while Scammers can obtain a valid SSL certificate by using fake information or by using a stolen or hijacked domain. In some cases, they may even use a certificate issued to another legitimate website.
  • Forexct.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.

Overview of ForexCT / Forex Capital Trading complaint handling

ForexCT / Forex Capital Trading reviews first appeared on Complaints Board on Nov 3, 2009. The latest review forex fund scam was posted on Oct 31, 2010. The latest complaint Fraud - forexct.com did not give me my profits back and has done a runner. was resolved on Nov 03, 2009. ForexCT / Forex Capital Trading has an average consumer rating of 3 stars from 2 reviews. ForexCT / Forex Capital Trading has resolved 1 complaints.
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  1. ForexCT / Forex Capital Trading contacts

  2. ForexCT / Forex Capital Trading phone numbers
    1800 367 392
    1800 367 392
    Click up if you have successfully reached ForexCT / Forex Capital Trading by calling 1800 367 392 phone number 0 0 users reported that they have successfully reached ForexCT / Forex Capital Trading by calling 1800 367 392 phone number Click up if you have UNsuccessfully reached ForexCT / Forex Capital Trading by calling 1800 367 392 phone number 0 0 users reported that they have UNsuccessfully reached ForexCT / Forex Capital Trading by calling 1800 367 392 phone number
    Australia
    +44 870 820 0087
    +44 870 820 0087
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    United Kingdom
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ForexCT / Forex Capital Trading Category
ForexCT / Forex Capital Trading is related to the Investment Services category.

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