Clemmo's Trading Odyssey

The broker is XTB.

I don’t recommend them. I was drawn to them because they allowed funding by PayPal (after an initial wire transfer) but they are reallllly dragging their feet to pay up. I would not have expected it from such a large bureaucratic company.

Is it related to discarding the MT4 platform? Lots of clients moving on and they can’t pay their bills? Bucket shop alert. If I don’t get my money today I’m opening an FPA complaint. And what else should I do?



BS like this is what leads people to rightly conclude that Forex is a dangerous scam.

I’ve sent their response to my bank. It would not surprise me that the poorly trained serfs at my bank screwed something up but they claim only the sender can find out what happened which makes some intuitive sense.

It’s now been 20 days and XTB have not responded to my latest message in 24 hours. So I’ve opened up an FPA complaint. https://www.forexpeacearmy.com/commu...20-days.81819/

What’s the next step? Anyone have experience trying to get a bad broker to pay up?

I did get a response after filing the complaint with FPA.


It’s the old classic “your payment bounced because of an error with your banking info”. But I did not expect that they would not engage with me on the forum.

For one thing you KNOW if they are this incompetent at paying out money that it RARELY ever happens. I guess I should be proud of the fact that I’m one of the few to cause a reversal in the usual flow of funds?

I expect this company to announce bankruptcy any day now. First they lose their MT4 licenses and now this. This is what Forex trading is really about. Jumping through hoops and continual bureaucratic hassles. Not calculating whether the market is going up or down.

The whole business is nothing but criminal scum. Con men. Disgusting, but then what do you expect from late stage capitalism.

Anyone know some “collections” people who work or are willing to travel to Poland? 50/50 split

I’ve submitted an FPA problem report, a review, and I’ve filed a complaint with FCA (UK). Might take a holiday in the EU this summer.

Bump!
Hello @Clemmo hope you're doing good.