Warnings: Tureprofit – CFD 1000 Limited – Consomatrade Ltd – Redlane Enterprises Ltd
Consob has prohibited, pursuant to article 99, section 1, letter d), of the Consolidated Law on Finance (CLF), the public offering related to those residing in Italy for the investment programme known as “Tureprofit”, established through the website www.tureprofit.com (resolution no. 19119 of 25 February 2015).
The offering in question had already been suspended for ninety days with resolution no. 19070 of 27 November 2014 (see “Consob Informs no. 46/2014).
In addition, Consob notes that:
- the company CFD 1000 Limited is not authorised to provide investment or other services in Italy in any way, including through the website www.cfd1000.com;
- the company Consomatrade Ltd is not authorised to provide investment services and business in Italy in any way, including through the website www.fxglcapital.com;
- the company Redlane Enterprises Ltd is not authorised to provide investment or other services in Italy in any way, including through the website www.barclaysbroker.com.
Source: Consob – Tureprofit – CFD 1000 Limited – Consomatrade Ltd – Redlane Enterprises Ltd
CFD1000 SCAM – Withholding Withdrawal
Hello,
I want to write this post to share my experience and to help anyone that is planning to open an account with CFD1000 or is already trading with them.
If you’re already trading with them, you may want to try to withdraw your funds to see what happens. Please share your experience.
I will try to make this as short and informative as possible:
ISSUE
I requested a withdrawal of €6,000 on May 25, 2015 (6 months ago) and I am still waiting.
I personally know three other people that are in the same situation as me and still waiting for their withdrawals.
For the last 6 months I have been trying to contact CFD1000 and it has been near to impossible to contact anyone. They do not contact me back (I have tried via email, live chat, phone, skype). When I have managed to reach someone they never give me a solution or pass me on to another sales representative.
NO SEGREGATED ACCOUNTS
Mr Franklin Martinez and Mr. Paul Miller promised that my funds would always be segregated through an external company called Lamda (https://www.lamdacs.com/). This was a lie, as when I trade with CFD1000, my funds are in CFD1000´s account and not in my Lamda account.
NO REGULATION
Mr Franklin Martinez advised that CFD1000 was regulated in New Zealand. When we checked, this was not true. They are not regulated anywhere. They state on their terms and conditions “The company was incorporated in the New Zealand under the International Business Companies”, however we cannot find any company registered as CFD1000 Limited.
NO OFFICES
I have personally been to the office address they state on their website (88 Wood StreetLondon EC2V 7AJ , United Kingdom) and there is no office under CFD1000 or any other of their company names.
MARKET MAKER BUSINESS MODEL
CFD1000 is a pure market maker. This means that they create their own market prices (do not have to be the same as official market prices) and they take the other side of your position. When you win they lose and vice-versa. As you can imagine, no one but the broker can win with this type of business model.
NO WITHDRAWALS
If you are lucky they will likely process the first 1-3 withdrawals (to get your confidence) and then will not process anymore withdrawals.
COUNTRY
No one really knows where they are truly based. Some say in Russia and others in Israel.
SOME OF THEIR OTHER WEBSITES
They have various other trading companies and websites to watch out for (will update with any new websites that they launch):
http://binary1000pro.com/
https://cfd1000.sirixtrader.com/
http://1000tradinggroup.com
http://1000tradingpartnerslp.com/
http://grizzly-ltd.com/ (I received a withdrawal from this company on-behalf of CFD1000)
http://binary1000.trade (Closed)
http://cfd1000.com/es/
https://mobile-cfd1000.sirixtrader.com/#home
https://www.lamdacs.com/ (works as a card processor for them)
CONCLUSION
It may be a good idea that anyone having problems with CFD1000, do as below:
1) Post your reviews on other forums and websites (just search CFD1000 on google and write reviews on first ten pages).
2) Post your experience in Social Media (Twitter, Facebook, Youtube, Pinterest, Google+). I have created social media pages to help spread the word:
https://twitter.com/CFD1000_Scam
https://www.facebook.com/gin.gui.18
https://plus.google.com/112443248190661696847
https://www.youtube.com/channel/UCvEkEui187O2SyF-BPe8A9w
3) Go to regulators such as FSA and Ombudsman, FSP in New Zealand, SEC, ESMA and OLAF and make them aware of what is going on.
4) Go to your local police office.
5) Get legal advice and sue.
6) Keep an eye out for other websites they open, such as anything with “1000” in the url and are related to trading.
I hope this review has helped. These type of companies need to be stopped and I find it incredible how easily they can get away with it!
Thank you and best of luck,