Dirty 1World at its work

It came to my attention that 1World has resorted to dirty tactics in withholding profits/money from clients.

Sometime ago, 1World gave $40 or so per day in Swaps for LONG GBPJPY. Traders who made money on this have their profits and money withheld (indefinitely?). http://www.goldenmoneytree.com/forum...opic.php?t=692
I also noticed about 6 weeks ago that swap rate for GBPCHF was zero for both long and short. This was already reported at StrategyBuilderFX forum. Was these swap rate an error or a deliberate Trap? After reading the horror stories, I suspect its a trap meant to screw traders.

How does this become a dirty ploy?

Assume you traded GBPJPY, made money in the process with 1World. Later they come to you saying, "Hey Mr Trader, you made money from a wrong swap rates and we are disqualifying them all". This includes the swaps you collected as well as the PIPS you made and to include ALL OTHER TRADES made after these trades; if these GBPJPY trades were not made, you wont have money to make further trades.". Remember, GBPJPY was soaring in June/July and these traders made money from it by going Long GBPJPY..

There are two possibilities being played here; 1World deliberately erred in giving huge swap amount for GBPJPY so that it encourages traders to take long GBPJPY positions; then:
1. 1World did not hedge your trades with an upper tier broker (1World traded vs you); you made money and they now rescind those trades. OR
2. 1World hedged your trades with an upper tier broker. However, 1world now claims YOUR profits. You took the risk going long, and now they pocket the profit.
You dont earn swaps. you dont earn Pips. End of Story.
The trap is for traders to make positions on those pairs; if you did and after further trading (even with other pairs) made money, they will go to your account and "cancel" your profits claiming, these could not take place so there is no profit made.

Ever wonder why 1World's NetCap has surged to 2M from 1M? But the Client funds dropped from 1.5M to 0.5M? They simply took away the 1M from the client and into their own!

I know of a group who has hired a professional lawyer vs 1World to recover funds/profits. If you have a case vs 1world you should join them.

PS. To clarify, this is not about 1World correcting the "wrong" swaps you earned, but rather, they are disqualifying the whole trades and profitable trades thereafter. Simply put they are disqualifying only the winners; net losers remain losers.

I'm not surprised by all this. Most bucketshops eventually do dirty tricks like this. Hopefully people will get back their funds.

1world is as dirty as can be. I hope those who read this will learn from my experience with one-world. After several months they did not grant my withdrawal request and I don't think they ever will. So the money that is rightfully mine is gone. Now I have to either hire a lawyer or go for arbitration. And with this, I don't even know if the ruling will be in my favor since I am not there to speak for myself, and they certainly try to reason their way out of everything just to get money. They screw up their platform on purpose and trap traders money. or they resort to making excuses and trickery to reason their way out of giving traders money back. they are scums of forex online trading.
STAY AWAY FROM ONE-WORLD or SUFFER THE SAME FATE!

Junior Member
Member # 13296

Member Rated:
http://www2.oanda.com/ubb/user_ratings_1.gif http://www2.oanda.com/ubb/icons/icon1.gif posteddocument.write(timestamp(new Date(2007,8,20,7,51,0), dfrm, tfrm, 0, 0, 0, 0)); September 20, 2007 07:51 AMSeptember 20, 2007 07:51 AM http://www2.oanda.com/ubb/profile_ubb6.gif http://www2.oanda.com/ubb/edit_ubb6.gif http://www2.oanda.com/ubb/quote_ubb6.gif these crooks should go to jail! if you take a candy bar from a store, you go to jail for stealing, or if you shoplift, etc.. but these people who rob you blindly by posing as "registered and legitimate brokers", i have never heard of any of these crooks goinf to jail. they take the money of people who look to invest and earn through forex, and that money is more than any candy bar is worth. people work had for their savings. it is not fair for these firms to steal it just like that. personally, i worked hard for my savings and that is why i spent a lot of time figuring out my trading strategies because i don't want my hard earned money collecting dust in the bank. that is why i ut it in an NFA registered broker to ensure its safety. now, all my hard earned cash is gone. how am i supposed to just accept that?

Have you filed a NFA complaint?

File a Complaint
http://www.nfa.futures.org/basicnet/complaint.aspx

ONE WORLD CAPITAL GROUP
http://www.nfa.futures.org/BasicNet/...d=0359973&rn=Y

I am still amazed at how easily people are sucked into these bucket shops, there are some very good brokers out there and yet somehow folks just don't get it.
Good God people.......do your homework, investigate befor you put your money down.