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TraderXP

Cyprus

Consumer reviews about TraderXP

TraderXP accounting
Dec 15, 2011

Closure of Account and fraud

Mr. Henrik has received withdraws before and will receive the next withdraw (the original deposit will be fully paid back to him).
The account has shown suspicious behavior and being checked by the legal department along with the association of computer crimes Europe.
I won't get into details to protect Mr. Henrik privacy.
If upon the ending of the investigation Mr. Henrik will prove to be right, he will receive the full amount. if not legal methods will be engaged.

Jane,

solixta
Dec 15, 2011

Closure of Account and fraud

Jane,

Precisely, and when received small withdrawals in the past how in the world can something like my IP address suddenly become a problem as this is something you registered as I signed up initially. In addition TraderXP has my phone number and documents all showing my precise location.

I cannot see how you can possibly claim my account show socalled "suspicious behavior", I have never used any kind of robots or software to trade (and I cannot see how that would help anyway as TraderXP is setting the prices which are the same for both puts and calls) everything has been done manually, spending many hour a day trading. You have to select an expiry, select a call or put and accept the price or not that is all there is to it.

There have been several occations where expires were suspended for shorter or longer of periods of time, there have been expires quoted with a discount or premium. If you need to adjust price settings within your system that is fine but as customers can only deal on what TraderXP is quoting, do not blame customers for trading on those prices that are being quoted.

Henrik

TraderXP accounting
Dec 15, 2011

Closure of Account and fraud

Dear Henrik

The pattern of the issue required the intervening of the legal department, due to previous known cases.
Like I said before, we will know more once the procedure is finished.
No one here is jumping to conclusions yet.

thank you for your patience

solixta
Dec 15, 2011

Closure of Account and fraud

I have uploaded a number of screenshots here : http://traderxpwarning.com/documentation/

I will get them sorted and commented on within the next few days.

For now I have decided to upload the documents to my own server so I can remove them should things suddently change which however is not very likely.

ricksd
Dec 16, 2011

Closure of Account and fraud

Hello,

just keep me posted if you get paid all the funds that are owed to you, if not then i will spread a word about these scam operation with all my friends who do binary trading so that these people can't make fool out of ignorant investors

Matias A
Dec 16, 2011

Closure of Account and fraud

Looks very much as this is a dead fish.

"problems" like this, is to be solved instant, instead of bad excuses - "blar blar blar talk"

Please Henrik, Keep me up to date on this, as of now I will informe my network to stop trading and get their funds out ASAP.
I will do the same. So let's see if we will have the same problems. It looks like we will..

Matias

solixta
Dec 16, 2011

Closure of Account and fraud

Hi,

I will let you what is happening or not happening. I will not let it drag for very much longer though before taking more serious steps.

Henrik

solixta
Dec 18, 2011

Closure of Account and fraud

Just for the record, the email I received from Paul Collins, Head of Sales TraderXP was dated December 12th. 2011 and in this email it is stated that funds will be paid within the next 7 business days. That means according to my calendar it must happen no later than December 21st. 2011.

A new update will therefore follow on December 21st. 2011 or if anything happens before that date.

Henrik

LynneMarie
Dec 19, 2011

Closure of Account and fraud

So many times we have given our funds to traders. Our account shows we are making money and we gain confidence and spend more funds. At this point something goes wrong and we have lost all our funds. This must stop. Let us know what we can do to stop this activity.

bulldogwithteeth
Dec 21, 2011

Closure of Account and fraud

I put in my withdrawal on Sept 29th and I am still waiting. I believe this company may be insolvent. I will give them a little more time. If I get no results I will gather a force on the forums and we can organize an class action against this company as it appears to be engaged in criminal theft of funds from what I can see.

solixta
Dec 21, 2011

Closure of Account and fraud

Hi bulldogwithteeth,

Can you please go to http://traderxpwarning.com/speak-up/ and contact me that way so we can stay in contact?

Thanks in advance,

Henrik

bulldogwithteeth
Dec 21, 2011

Good in soliciting the money bad in returning the money

My withdrawal is now going on three months.

solixta
Dec 21, 2011

Closure of Account and fraud

"Just for the record, the email I received from Paul Collins, Head of Sales TraderXP was dated December 12th. 2011 and in this email it is stated that funds will be paid within the next 7 business days. That means according to my calendar it must happen no later than December 21st. 2011."

Well not really a surprise but the 7 business days have passed and no payment as of now, just another piece of evidence that TraderXP is all bla bla bla and no action.

Henrik

OPP-2963
Dec 21, 2011

Good in soliciting the money bad in returning the money

There are much better brokers out there that are regulated, such as nadex.com regulated in the US (and only available for US clients), IG index (non us clients only) and regulated in UK, Market Punter regulated in Australia. You can get the same products except with a honarable withdraw policy unlike TraderXP!!

solixta
Dec 22, 2011

Closure of Account and fraud

The situation is not funny at all BUT go to http://traderxpwarning.com/documentation/ you may still enjoy some of my comments on that page.

Wishing everybody a Merry Christmas,

Henrik

PS. I believe TraderXP will not around for much longer now

solixta
Jan 2, 2012

Closure of Account and fraud

For those interested in taking legal action against TraderXP, please contact me ASAP.

Please send a message to adminATsolixta.com with "TraderXP" in the subject line and I will contact you asap.

Thank you,

Henrik

solixta
Jan 2, 2012

Closure of Account and fraud

I forgot to mention...

If your TraderXP account was funded via a debit/credit card, it may be possible to get your funds back as TraderXP has nothing in writing authorizing them to debit your card. Contact your bank or card provider and discuss it with them.
If you used a payment processor such as Moneybookers to fund your account it does not look so good because the payment processor cannot help you get the funds returned, however if many people are complaining to them they are likely to take some kind of action sooner or later.

Remember the worst thing you can do is nothing!

Henrik

solixta
Jan 5, 2012

Closure of Account and fraud

Received an email today from the TraderXP Head of Marketing:

"Trader XP is under new and improved management! As part of push to be the world's number one binary options trading platform we have made some big changes at TraderXP."

In this email it is also mentioned that the Head of Marketing is leaving the company.

Would be nice if the change of management would result in affiliates and traders actually being paid now but I doubt it...

Henrik

junotrader
Jan 6, 2012

Withdrawal money

Here I am having some difficulty getting my $300 withdraw. My account manager Michael P.

chaitanyak
Jan 7, 2012

Withdrawal money

It's very painful to trade on this platform, i never deposited any money from my side, they called me on phone and made the deposit of 500USD from their end, i didn't know how come they have my cvv with them, and the site didn't work for one week, and after that when i am contacting them to withdraw my money they are never responding and saying that you have to reach of 15000 USD in order to withdraw the money. The persons who are involved in this misleading are Guy Young and Michael.

Binary Options Scam
Jan 11, 2012

Closure of Account and fraud

Hi guys,
here is a resource especially done for the binary options trading scams, feel free to leave your opinion, comments & complaints for TraderXP & any other broker..
P.S. TraderXp issue included
thank you,
http://www.binaryoptionstradingscam.com
Max

solixta
Jan 19, 2012

Closure of Account and fraud

I am pleased to say that my complaint has been settled and I therefore consider this complaint closed.

Thank you,

Henrik

benjamin2010
Feb 2, 2012

Closure of Account and fraud

Be aware, I was emailed one of the guy to talk about possible investment where i basically getting the profit out of my money without doing trades. The person named Michael p. Claim that he can return my $50.000 to another $50.000 or 100% return profit. This is absolutely very dangeous offer and unreliable offer with no proof success by any mean or any paper works or any legit statistical proof that traderxp or their way or their investment possible to generate 100% success. I have all the emails conversation and the fund request that they ask simply directly wire to their account. I BELIEVE THIS PEOPLE BEHIND TRADERXP NEED TO BE Monitor by United Stated Police enforcement. On email i simply pitching their interest by simply telling them how much they can return my $50.000 investment. mr. Micheal P without tell me the timeline of investment, how i can withdrawn the money, how long the money will cycle so on so forth, asking me to wire the money to his bank, on bulgaria. Never mentioning traderxp, the only thing i remember he tell me .. for $50.000 i can make good profit ...$50.000 ..i included the copy of the email.


I simply dont believed this person or traderxp in by any mean in the future and this person have tried to scam me, by asking fund without any significant proof on any way, paper or previous success. I believed This person and his organization need to be monitor by law enforcement .

OPP-2963
Feb 21, 2012

Withdrawal money

TraderXp has set up a sister company called Cititrader.com no doubt they are trying to get rid of their bad reputation with traderxp an try a new scam with a new brand!

OPP-2963
Feb 21, 2012

Closure of Account and fraud

TraderXP is also trading as Cititrader.com. Stay away from both of these, they will take your money and not return it to. There are just too many complaints against this company to risk depositing money with them.

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