This morning I received another call from Inovatrade. It was a man this time, and he informed me that the wire was going to be sent today, and should show up in my account no later than Tuesday.
I thanked him and the call ended.
I will report when the funds are received.
If they are received, and I suspect they will be, it will have taken about 40 days or so to get my funds.
All in all, I suspect their banking was interrupted by the CFTC action in the USA, where their bank account was. They are obviously a broker, but they...Ignored
DislikedToday I received my withdrawal from Inovatrade. Some 40 plus days after I requested it.
Despite this pathetic performance, they still took the withdrawal fee of $50 out of my money.
US persons can no longer access the Inova site, and that is good. For those of you not in the USA, I would be very cautious about these people.
For me, the nightmare is over.
Thank you all for your suggestions and input. Happy trading.
DislikedPersonally, with brokers as well as posters on this forum, I do not assume the worst until the person/company shows me a side of themselves that I was not anticipating. I am starting out assuming that InovaTrade is what they have represented themselves as.
DislikedCongratulations Afterglow on getting your money. Unfortunately we haven't. We've been put through the same exercise as you were, requested withdrawal of funds 8 Apr, given the regular mail stall, talking to Alexandra and being told a wire was supposedly sent on the 17th of May, today, 21 May and it hasn't arrived at our bank here in Florida and frankly I'm not expecting it to. I was hoping you might possibly remember the name of the man you spoke with at Inovatrade who finally seemed to get results for you? Do you have any suggestions on a next...Ignored
DislikedWould you mind sharing the Account Manager's name that is working with InovaTrade to improve their image. Maybe she could be of some help to us with getting our money back. I hope she realizes that Inova's problems are deeper than those caused by Panama slowing down their outgoing wires. They also have a history of lying and stall tactics when dealing with their clients withdrawals. Those ploys are not happening accidently.Ignored
PUBLIC RELEASEThe National Securities Commission of the Republic of Panama (hereinafter the CNV), in accordance with its legal duty to strengthen and develop the securities market in Panama, in compliance with regulations of the Decree Law No.1 of July 8th of 1999 and its regulation, warns the public as follows: