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Tradex Swiss AG

  • #61
  • Oct 12, 2007 10:15am Oct 12, 2007 10:15am
Any news? I can't send you a message through this site, it says I don't have permission.... Can you email me at: [email protected]

Thanks

Quoting 3cashcows
SENT ON THU. SEP 13
Mr van Rensburg

We keep hearing stories from yourself and Craig Karlis about this so called investigation and cannot get any sense out of the Swiss investigators-they just won't answer any questions we ask of them.

If you are legitimate in what you say you will be able to answer the following question... WHEN can we withdraw our funds from the Tradex BOA account OR WHEREVER THE HELL OUR MONEY IS AT THE MOMENT??? NO OTHER STORY OR EXCUSE MATTERS. Everybody who has funds tied up with your company JUST WANTS TO KNOW WHEN THEY CAN GET THEIR MONEY OUT!!

Please advise as soon as possible.

AS OF SUNDAY SEP. 16... STILL NO REPLY. You think Mr Nick was genuine he would move mountains to re-assure or communicate with people who have put their hard earned cash into HIS ACCOUNT.
  • #62
  • Oct 12, 2007 10:54am Oct 12, 2007 10:54am
Tradex is still under investigation. I talked with a lady at Laywer Lutz's Phone #. She told me that we can have a result after two weeks and E-mail from nick you all guys have received.
Nick said me that results wil come with in couple of days... as he said this asusual.
no new updates.. much worried about my money.
no one can't do any thing , even then debit collection agencies can't do any thing.

If you guys have any infomration kindly share here.
Thank you.
  • #63
  • Oct 25, 2007 6:31am Oct 25, 2007 6:31am
???
  • #64
  • Oct 29, 2007 8:19am Oct 29, 2007 8:19am
???
  • #65
  • Nov 5, 2007 11:05am Nov 5, 2007 11:05am
I received an e-mail from Charlie Veaudry . Have any one received it?.
If not let me know i will paste here.
Thank you.
12 Nov Court decision will come.
  • #66
  • Nov 6, 2007 9:34am Nov 6, 2007 9:34am
Would you please paste it here.
Thanks
  • #67
  • Nov 15, 2007 5:58am Nov 15, 2007 5:58am
12 Nov Court decision will come.

_______right?
  • #68
  • Nov 16, 2007 2:38pm Nov 16, 2007 2:38pm
This is getting absolutely ridiculous.

We have now received info from MR Lutz that Tradex will have to apply for bankruptcy and they have sent forms to fill up and send before the deadline of Dec 7th.

Countering this, Mr Nicolas has sent emails that these are baseless and they will fight this out in the courts.

Can anyone tell me how best to proceed??

Hammad, can you please contact me and try see how best we can proceed?

Thanks and lets all be togather to see this through?
  • #69
  • Nov 19, 2007 3:31pm Nov 19, 2007 3:31pm
You couldn't write a script this dodgey about the Tradex Fiasco !

Has anybody got the results of the 12th November hearing ? what did the Judge say ? is Tradex still under investigation by the SFBC. Is Tradex offically bankrupt or in the proceeds? Please can people share information and post nobody knows what to believe or who to trust and clients money is being held whilst this Fiasco takes place !!!!!!!!! is the clients Money still frozen in the BOA we need to take action asap
  • #70
  • Nov 19, 2007 4:33pm Nov 19, 2007 4:33pm
Quoting margincall honey
Please can people share information and post nobody knows what to believe
listen guys, i do not understand why anyone would be asking about tradex. i know worse brokers (bucket shops), but not many.

why would you even consider going with them?? there are so many less worse brokers to choose from. and if you are with them, (unlikely since they only have about 20 small accounts) they have your money and you need to just forget about it.

you will never see it again.

it is gone.

so, please, just take them off your list of possible brokers. go to the cftc site and review the financial strength of possible brokers - remember if a forex broker gets in financial trouble the contract explicitly states that they can use your money for operating expenses. that means they can take all your money. choose your broker based on reputation and capitalization, not spread or promises their marketing guys make on the phone.

if you want to use mt4, just use a demo from alpari-idc.ru, which has indexes and stocks in addition to forex, but execute your trades with the platform of a well capitalized broker that you find on the cftc site.

this is what most traders do.
realize the universe is one thing, and attach it to your body
  • #71
  • Nov 20, 2007 2:52am Nov 20, 2007 2:52am
buddhi

The question that MarginCall Honey put forward was IS THERE ANY INFORMATION ABOUT TRADEX and SFBC. your comments would be taken as a slap in the face to those people who lost money.

Remember refco ??? I don't need to explaine about this broker. it goes to show anyone can go bust at anytime. no one is safe with any broker period, even more so in FOREX.

If anyone has information in regards to Tradex, that information would be valuable to people who need it.

Jorgka
  • #72
  • Nov 20, 2007 10:57am Nov 20, 2007 10:57am
hello guys,

search here for tradex:

www.easymonitoring.ch

or

www.hra.sz.ch
  • #73
  • Nov 20, 2007 11:22am Nov 20, 2007 11:22am
sorry, i forgot:

using www.easymonitoring.ch while searching for tradex swiss ag, press the button "kostenlos suchen". this search is for free. the search in the middle of the site isnīt for free.
  • #74
  • Nov 20, 2007 11:31am Nov 20, 2007 11:31am
one last post:

http://www.ebk.admin.ch/e/publik/ins...dex-swiss.html

you can make your claims towards tradex until 07. december.

the phone numbers (lutz/rugna) are shown in the text.
  • #75
  • Edited 11:49pm Nov 20, 2007 10:58pm | Edited 11:49pm
Quoting jorgka
buddhi

The question that MarginCall Honey put forward was IS THERE ANY INFORMATION ABOUT TRADEX and SFBC. your comments would be taken as a slap in the face to those people who lost money.

Remember refco ??? I don't need to explaine about this broker. it goes to show anyone can go bust at anytime. no one is safe with any broker period, even more so in FOREX.

If anyone has information in regards to Tradex, that information would be valuable to people who need it.

Jorgka
did not mean to offend.

but even two years ago they had a bad reputation, which was easily found on forums.

i cannot help anyone who already sent them money. losing money from bad brokers and bad trades is the real slap in the face, right?

and there is no information that can help people who sent tradex money. tradex is not like refco at all. tradex is not registered with the nfa, the principals do not have series 3 from the nfa, the owner lives outside the us, and they are very small. plus the small print in your contract you signed (same with all forex brokers) states that they can take your money if they get into trouble.

the note from nick said that the principals were fired. probably not. from what i understand, tradex only has a few people in boston. one president who is also the trader and a few sales people. i would not believe anything from that person called nick.

also, i think they are confusing you. the sfbc letter says that tradex has 1300 clients. these are the clients of tradex ag in switzerland, not boston. boston only has about 20 or 30 accounts. the sfbc might be able to get some money back for the clients of swiss tradex but the boston office is probably legally separate.

and finally, the nfa told tradex to stop doing business last year, but they did not stop. they mostly got accounts from outside the us to escape the law. how can a trader outside the us, who has an account with the us office, get their money from the swiss tradex which is legally separate from the boston office?

best to let it go and move on, just like a losing trade.
realize the universe is one thing, and attach it to your body
  • #76
  • Nov 21, 2007 12:04am Nov 21, 2007 12:04am
Quoting shrike
This the same tradex swiss?

http://www.hra.sz.ch/cgi-bin/fnrGet....0&shab=0000000

For those who cant read german: The swiss banking authority EBK shut it down. Just like Neuimex earlier this year.

Its always the same group of people who runs those scams, and its always the same scheme. If people would actually do a simple google search before sending money to persons they dont know (or just blatantly refuse to send money just because they found a pretty website), those con artists would have to look for honest work. I even mentioned this firm in a post here a month or so ago. Tradex us, neuimex, Tradex Swiss, and i predict Finex to be the next (hello Mr. Nettles!). And after that they will just find another fancy name for their next scam-website, advertising the "tight" swiss regulation in FX. It doesnt get more obvious than that.

Isnt the swiss FX world wonderful?
everything you say above - from july 29th. - is 100%.
finex (associated with tradex) was shut down sept 27th.
realize the universe is one thing, and attach it to your body
  • #77
  • Nov 21, 2007 9:13am Nov 21, 2007 9:13am
when tradex first opened three or four years ago, i opened an account with them. it was a small account because they were new and there was no information about them on the forums.

i really should not have opened with a new broker, but i took a chance because they had mt4 and a fairly good spread, and other us-based mt4 brokers seemed to be up to funny business and had connectivity problems.

then i started hearing bad things and got a bad feeling so i closed my account. it took awhile but i finally got all my money, which was under $1000. i was lucky.

i have been watching them crash ever since.
realize the universe is one thing, and attach it to your body
  • #78
  • Nov 21, 2007 11:20am Nov 21, 2007 11:20am
Buddhi,

Your post was not helpful to anyone in the least. There are plenty of people who have invested their hard earned money and not going to just pass it on as a bad decision.


In any case, as I mentioned before, we have received the email from SFBC indicating that Tradex Swiss Ag is going to have to file for bankruptcy and we need to put in our papers for the amount owed to us.


Does anyone have some information what happens in bankruptcy cases and how long does it take?

Any other guys who are prior clients of Tradex, please contact me offboard to discuss this.

Regards
  • #79
  • Nov 21, 2007 11:27am Nov 21, 2007 11:27am
Quoting radicalmoses
Does anyone have some information what happens in bankruptcy cases and how long does it take?
Regards
For Neuimex(another bancrupt swiss MT4 firm) customers its something like 6 month since they officially went bancrupt, still unclear when and how much cents on the dollar clients will get back (if any). Dont hold your breath.

P.S.: Those guys appear to have their next thing going already, see:

http://www.elitetrader.com/vb/showth...hreadid=107060
  • #80
  • Jan 30, 2008 4:18am Jan 30, 2008 4:18am
Where to find more info on this case:

http://www.chapter15.com/bin/chapter...cid=1196139906
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