Is Erlan Saduakasov a real person? Well, judging from this You Tube video he is.
YouTube - Erlan Saduakasov speaking himself
Erlan has been waging a non-stop crusade against FX Open for several months now. He appears on bulletin boards, has his own website (FXOpen.com is a scam company! Beware!) and appears to be quite convincing. Did Erlan lose money at FX Open? Probably. Is Erlan working for or working with FX Open�s hated rival Poltek FX? It sure looks that way.
The evidence is a thread at ForexTSD in which Erlan�s IP address gets traced back to one of Poltek FX�s offices in St. Petersburg, Russia.
Brokers Scam - Page 5 - Forex Trading
The office Erlan was traced back to was FXIndia.org, which is one of the many front groups Poltek uses to recruit customers. Other ones include �Master Forex� (yup, that�s the Swiss outfit that said it doesn�t need to get a banking license and you�ll know why in a moment), Beaverhead Financial, Iberia Forex, and others.
Poltek�s official business address is listed in Belize and like FX Open they too have a useless fill in the blank �certificate� which can be flashed in the faces of na�ve traders whenever pesky questions about �regulation� come up:
http://www.poltekfx.com/pic/sertificat.jpg
Another note about Poltek�s address is that their other company, MasterForex, claims an address in Switzerland. Yet it appears this address is fictitious. When a poster at a bulletin board stated they couldn�t actually find Masterforex�s office and asked them if this office even existed a Masterforex�s spokesman refused to provide any additional information and just stated �we also have an office in Russia where you can meet us.� You�d have to be a pretty brave person to want to visit this Russian office knowing the Swiss office actually listed on their website is bogus.
As for Master Forex�s regulatory status, you guessed it; Master Forex has its own certificate from the Seychelles it likes to use to ward off those evil regulatory spirits: http://www.masterforex.org/upload/image/fullsize/13.jpg
Why so many different registrations and addresses? Well I guess it never hurts to have a second getaway vehicle in case the first one breaks down. And just as with FX Open you won�t find the actual names of any CEO�s or executive officers on any of these websites. Just addresses for P.O. boxes or links to instant messenger addresses. I�m stunned that anyone would actually consider sending their money to such financial phantoms who can conjure themselves up on a moment�s notice and then disappear without leaving a trace.
Of course, Poltek knows their lack of credibility is a problem which is why they dangle all sorts of goodies before the trading public�s eyes in an attempt to make sure traders don�t look behind the curtain. They offer pip rebates, insane 500:1 leverage, trading volume bonuses, deposit bonuses and even have a special bonus for traders who drive up traffic on their forums by posting sycophantic rubbish.
Poltek FX - Bonus Money
So even though Poltek has no credibility they are able to woo newbies who are looking for a bargain. But the competition for these newbies is fierce which is why Poltek and FX Open are at each other�s throats.
This Russian version of the Hatfields and the McCoys is likely to continue well into the future with both screeching at each other in the comical form of broken English as seen below in this Poltek broadside against FX Open:
Forex Trading - View Single Post - Poltekfx
One of these days we have released a newsletter to all our customers, stating that Poltek Fx. starts operating since the 10th of January. Right after that FxOpen Scam Company has published a piece of news about the so-called “phishing emails”. You can read it here (FXOpen forex broker - forex services - forex trading).
We are more than suprised with such reaction and would like to state the following:
When you opened your accounts, you did it at Poltek Company, because at that time Poltek used to cooperate with FxOpen. FxOpen is operated by two persons, has no real office, or location and is well known over the web for scamming their customers. You can read about it at [This is the reasin why we don’t work with them any more.
After that the head of FxOpen has stolen the whole customer database (including funds and orders) from Poltek and opened his own so-called “brokerage” Belveder. This case was reported to Metaquotes Inc, and their Metatader license is under question now.One case of deceptions (among great many of them) of clients is here: [url=http://fxopen.info]FXOpen.com is a scam company! Beware!](http://fxopen.info)
Fxopen itself try to hide these facts.Besides, the PR director of FxOpen, seems to know English poorly (he is actually a young man from one of the former Soviet Republics), and doesn’t know what a “phishing email” actually is. Let us forgive the under-educated boy, but in fact a phishing email always tries to receive some data from you. Logins, passwords, etc. WE ARE IN NO WAY TRY TO RECEIVE ANY INFORMATION FROM YOU. This newsletter is intented only to let our customers know that the company, where they have their trading accounts has started to operate again with even better level of services.
I love how Poltek, with its busted English and awful grammar, has the nerve to ridicule FX Open�s poor language skills. I don�t think that is the best strategery Poltek should be using against FX Open. In any case FX Open claims Poltek stole their clients and Poltek claims FX Open stole its clients� This tit for tat pretty much summarizes the poor state of affairs these two firms find themselves in today.
So to those MT4 traders who are constantly on the move like Bedouin tribesmen in search of a broker, be sure not to pitch your tents with either of these two dealers. Bedouins are supposed to be adept at spotting mirages, and FX Open and Poltek FX are merely mirages of legitimate forex dealers.