Sorry for bringing up another topic. I am new here. I opened a new topic in this forum but just got one reply and I need some advice.
First some details. I have been trading for some time using IG broker (and meta trader 4). I have made some nice profits and one day i came up with the idea of trying another broker, but this time probably a scammer one (broker: Portal Realm Limited / platform: meta trader 5)
So, I sent 2k to this new broker (i wanted to see if at some point i could withdraw money). The thing is, now I have a negative balance of -4k (bad trading decision from my side)
I could send them the money right now but if they are scammers, should i send it to them?
I just received from their âcustomer serviceâ a Wechat message (chinese app) saying:
âYour account owes 4k, please pay it back in timeâ
âWith regard to the notice of arrears , if the arrears are not paid within a week, the company will sue in laws and regulations and hope that the customers will pay off the arrears as soon as possible in order to create unnecesary trouble. Thank you for your cooperationâ
The big question: Should i send them money? Can i be sued by a scammer broker if i donât pay my negative balance?
Can I also be part of this? The same thing happen to me. Although I already reported this to the Police, I believe itâs not enough. I feel violated and these people are so happy leaving people emotionally and financially distress.
Hi there, unfortunately Iâm also a victim of these scammers. If youâre getting a coalition together, please keep me in the loop. Message me for my email address so we can organize outside of the message board. Thanks!
Hi @jlgb89, How did you get a result of -4k without a Margin Call?? This sounds strange to me that a Broker would allow a client to go negative on their account⊠The Broker is effectively carrying all the risk!
Anyway⊠All unregulated Brokers that I have been in contact with over the last 12 months have watertight contracts if you owe them money. When you signup, they will know everything about your financial position and any details required to collect on your debt.
ie: FXPig⊠Regulated in Vanuatu, Bank accounts in the UK, Refused to detail the directors or where they are physically situated⊠Warning signs all over this Broker⊠They can disappear in a heartbeatâŠ
You, on the other hand will not even know which continent they really operate from, who is the CEO, who is the underwriter of any debt that they may owe⊠Thatâs why they setup in lightly regulated regions like Cypress, Seychelles, St Grenadines and the Marshall Islands.
When these FinTech Operations (Brokers) closeup shop and flee with client funds, they generally sell off the Debtors ledger for a low percentage of the total debt. Then a collections agency will chase a larger percentage of the debt to ensure a profit. They will have access to International legal teams that will make you pay any debts owing to them.
Unfortunately I have no idea how to send you a message. I tried to put my email but it just got flagged and removed. If your account is able to send messages please contact me. @UnCielLiquide@Aimeejoy@rosek1@Schneewittchen [Removed for Forums Policy violation]
@Aimeejoy it wonât let me. Do you have any social media accounts like LinkedIn, Instagram, or Facebook? If so you can find me on there. Pascale Schmitt in Houston, Texas
Broker scams have become quite common these days. This makes it really difficult for traders to decide which broker is legit and which one is not. I have found a simple trick of doing it and making your choice. Create your account with the broker that you are considering and test it with low money if it allows. If it asks for more investments, look for some other option.
Here I pass the phone numbers, mail and pages that they use to scam them so that they barely register them on their cell phones, block them and report them en masse on whatsapp to generate alert traffic. (all supposedly Chinese)
JSLink Relevant Deparment USA:
+1 (805) 327-1432
Customer services:
+44 7365 368808
Master Trader (Aaron)
+1 (213) 242-2269
user . jslink . vip
jslinkglobal . com
The website is operated by JS Link Global Pty.,Ltd Registration No. 0469107; JS Link Global Pty.,Ltd is regulated by ASIC, license ASIC/345646/;
Address: GPO Box 4000 Gippsland Mail Centre Victoria 3841
Payment transactions are managed by Bitgo Registration NMLS ID # 1817802;
Here I pass the phone numbers, mail and pages that they use to scam them so that they barely register them on their cell phones, block them and report them en masse on whatsapp to generate alert traffic. (all supposedly Chinese)
Hello everyone who has come forward about this, Iâm so sorry this is also happening to you. Unfortunately, I donât have any answers and I donât know how to help you. The most important thing is to get any bank information you can. We have since learned there are many scammers out there working for JS link global. They are considered agents. They are the bottom line people, the sweet talkers. Above them are admin who get a higher cut and control the backend of MT4. Above the admins is the owner. If anyone is able to scam the scammer and make them think you want to join JS Link, that may help you get answers. We have reached out to a few other agents with js link and they are pretty open about the fact that itâs all a scam. Most of the lawyers we have spoken with want crazy up front fees which doesnât make sense for someone like me who lost 4k. I am unsure of the status of our case as most of my group went silent. Best of luck to everyone.