Concept 4x –SCAM
06.01.2020
I opened an account with Concept4x in August 2019, with an initial deposit of £250.00 although I had problems to start with Concept4x taking unauthorised payments off my credit cards, this was resolved and bonuses were added to allow the trades to start <br />
Although a little sceptical to start with I paid my money and was allocated an account manager called Peter Chambers who contacted me by email on a regular basis, my trades started and were starting to go up as I was receiving positive results ,In December my account was taken over by a new account manager Called Tony Gallo ,Once again my trades continued to go up with profits of up to £100 per trade ,my account had climbed from £250.00 to £1500 which I was more than happy with ,who doesn’t want to see their account grow with positive profits ,Just before the new year I was contacted By a 3rd account manager Mark Matthew ,who claimed he oversaw risks when accounts went in to a negative balance <br />
I had previously had emails from Mark so did not think too much about it when he contacted me about a Trade they had put on for Gold, He told me that he needed to stop the trade as it was running at a loss and it was to protect my account, he asked me to make another deposit on to my account to cover the loss this would then guarantee he trade could be stopped and further guaranteed trades could go ahead which in his words will generate thousands <br />
,At this time I didn’t understand why he was asking for more money as my account stood at £1524.15 credit ,I advised I did not have more money to add to the account but was told it was needed to continue with the trades as the system would not allow a negative trade, he sent me the bank details to make a further payment, in the end the day after I reluctantly paid a further £250.00 in to the account by bank transfer as I could not pay by Debit card he advised me that he would start working on the account as soon as funds had cleared my account balance was then ,(I have email communication as evidence of all the conversations which took place ) my additional deposit was made on 03/01/2020,nothing happened with the account ,I checked the account over the weekend my balance was £1774.15 and the trade for gold was currently standing at £-1255.00 with a swap of -10.29 ,the stocks were not moving either up or down due to the weekend closure <br />
I checked my account at 07.48 Monday 06.01.20 and my gold trade had closed at a loss of £-2285.75 <br />
Leaving my account at £-521.89, I sent an urgent email to Mark Matthew asking him to contact me regarding the account, at first I received no reply ,so I emailed the other account manager Tony Gallo to be told he was away from work on personal issues ,so I emailed Mark again ,he also told me he was out of the office and Tony would be dealing with the account ,to which I replied I had tried to make contact with Tony also to be told the same thing ,no one has replied since ,I was looking to withdraw some money shortly but now have nothing to withdraw and have opened a fraud case through My bank and reported them to the FCA <br />
This company might seem to be legitimate ,but they are nothing but lying Cheating scammers <br />
DO NOT DEAL WITH THIS COMPANY UNDER ANY CIRCUMSTANCIES <br />
I’ve sadly learnt my lesson the hard way <br />
SK <br />
