From Forex Trend to Concrode Capital. Terms of transition with refunds announced
More recently. Concorde Private Equity offered clients of the bankrupt broker Forex Trend on favorable terms to transfer their deposits to the created -broker, входящему в группу компаний Concorde Capital. Таким образом эта украинская инвестиционно-банковская группа собирается осваивать новое направление в бизнесе – маржинальная торговля валютой на внебиржевом рынке .
At the same time it was announced that Concorde Capital is not going to be liable for the obligations of Forex Trend, therefore, it is safe to say that this is nothing more than poaching of the client base.
Forex Trend's funds have not been returned for more than six months, and a clear explanation from the company has not been forthcoming. What should affected traders do in such a situation?
What are the preferential terms?
As previously reported, clients of Forex Trend will be given preferential terms for the transfer of deposits to a new broker. Those who will receive benefits will be disposed of in the bankrupt FT on a bidding basis. The list of clients who will be able to transfer to the new company is limited by the total amount of deposits of all clients. The total amount of deposits should not exceed $10 mln. Consequently, only the very best will be able to get to the new broker until the appropriate amount is accumulated.
Applications are accepted until August 15
Recall that at the beginning of July Forex Trend's website is back in operationwhich published an offer for the transition to the project FXT2 until August 15. Access to the form was provided through the personal cabinet of each client. At the same time to make the transition it was necessary to cancel the old withdrawal request.
The application form did not contain any details about the transition to the new company. Apparently, this will be known after the tender and the selection of the number of clients, whose accounts will be transferred to the Forex Trend 2 project. Of course, in this situation, there are still many questions. And that's what this is all about. The support service, which is available through the online chat and by email.
It is already known that the applications will be considered by the current administration of Forex Trend, which may not be legally related to the previous one, under which the company went bankrupt.
It consists of a number of Forex Trend investors, and they have already worked out some rules for transferring funds to a new broker and creating a new company. This approach led to a fierce debate on the forums, where customers were divided into two parts. Some would like to transfer their deposits, returning at least part of the funds, while others are highly skeptical of this probably fraudulent scheme.
Two types of preferential transfer programs
In order to move to the new company from the old one, customers are offered two schemes.
Первая называется “1+1” and implies doubling his deposit to Forex Trend at the expense of the client's funds. That is, the funds are transferred if the client deposits the same amount of money to the broker's account. It will be possible to trade for the full amount of the deposit. The client who has chosen this option becomes a priority for the transfer of funds to FXT2.
Concorde Capital benefits from the first option? And this is obvious, because in this case the new broker gets free passives for quite a long time with minimal risks. It practically guarantees the client a transfer to the new company.
Вторая схема называется “Дисконт”. Средства клиента переводятся, но учитываются на депозите в Forex Trend 2 с дисконтом 25%, 50% или 75%. Выбирая наибольший процент дисконта, клиент продвигается в очереди впереди тех, кто выбрал меньше, но его заявка будет обработана только после заявок тех клиентов, кто выбрал первый вариант “1+1”.
If the client agrees to one of the options, it means his complete renunciation of claims against the bankrupt Forex Trend. At the same time, funds transferred to FXT2, apparently, will be frozen in the accounts indefinitely (probably up to six months after the launch of the project, which is scheduled for September 1, 2015). This is probably done to protect against the flight of customers' funds from deposits in the first days.
If in time the accounts are unfrozen, the client will decide whether to continue working with this company or not after it has safely existed for six months. It is extremely important that the profits from trading operations (yes, trading with frozen funds will be possible) in the new company will be immediately available for receipt.
What is known about the new company?
The new broker's name and jurisdiction will be announced on August 1, 2015, and the website will be launched, presumably on August 10. At about the same time, Forex Trend clients will be able to legally formalize their transition to the new company.
What do customers think?
Many Customers consider this offer as the only possible way to get back at least part of their investment in Forex Trend. And Concorde Capital is successfully taking advantage of the desperate situation of defrauded depositors.
От себя хотелось бы добавить, что схема, предложенная FXT2 не выглядит прозрачной, понятной и открытой, что с первых шагов работы компании создает отрицательное отношение и у настоящих клиентов, и у будущих. Все эти схемы с тем, кто получит несуществующие пока деньги, указывает на то, что компания хочет работать по давно и успешно опробованной схеме “создать шумиху” вокруг себя, и положительное отношение людей за счет, к примеру, бесплатной рекламы со стороны владельцев профильных интернет сайтов, которые продвинутся в очереди быстрее, если разместят информацию о компании. Это значит, что сейчас будет масса абсолютно фиктивных статей и обзоров в сети, которые расскажут незнающим трейдерам, как здорово торговать в Forex Trend 2. За указанные в схемах выплат периоды найдутся те, кто поверит, и те, кто забудет. А то, что деньги в итоге кто-то получит, пока вызывает сомнение – мы же не знаем эту новую компанию, зато видим, с каких методов она начинает работу.
Anyway, we really hope that everything will end well for the clients of Forex Trend. We also hope for the decency of the new owner of the client base.
Discussion
The Forex Trend 2 project was launched
Bankrupt -brokers ready to get their money back
- Bankrupt RVD Markets and payouts: there will be no refunds on WebMoney and Perfect Money
- How can I partially withdraw funds from RVD Markets?
Полностью согласен с автором статьи – схемы перевода средств предложенных Форекс Трендом “развод чистой воды”. задайте себе один простой вопрос – Как можно верить компании, которая один раз (да впрочем, если поднять историю создания форекс тренда, то не один раз, вспомните Сигма Банк) уже “кинула” своих клиентов и запятнала свое имя? Понятно что клиенты оказавшиеся в безвыходной ситуации хватаются за соломинку, но все это опять смахивает на махинации!
Sergey, this is the scam! Most of the former FT clients will choose the discount, which means that they give up their claims to Forex Trend, and Concorde will owe them 25, 50 or 75% less. And it is clear that either both companies have the same founders, or Forex Trend merged and simply sold their debts and clients at a huge discount.
The suckers want to be bumped a second time