In currency pair trading, it is natural for traders to earn compliant commissions and spreads, and it is also natural for investors to use their funds to extract profits and withdraw their own profits and principal. But recently, there was a Huiyou who was initially rejected by the FPG platform to make a payment. Later, after repeated appeals, the platform agreed to make the payment, but before making the payment, Huiyou was required to sign a commitment letter acknowledging that he had devoted himself to dishonest transactions, which made Huiyou feel nauseous.
Difficulty in withdrawal, from third-party failures to illegal transactions
Next, let's take a look at the process together.
Huiyou invested $3000 in FPG on November 3rd, and then made profits from gold trading for several consecutive days, with a total revenue of $4500.
With considerable profits, Huiyou naturally comes up with a portion of the gold. But after submitting the payment application, FPG began to find various excuses to refuse the payment:
We can see that there is a malfunction in the liquidity supplier system, which has affected some accounts. The liquidity supplier is currently reviewing orders for some accounts
There are illegal transactions in your account
Huiyou not only failed to wait for the withdrawal review to pass, but also deducted all the profits and principal from the account. Huiyou couldn't figure it out for himself. His trading position exceeded half an hour, and he didn't engage in scalping or hedging transactions. I don't know which rule of the platform was violated. So, Huiyou decided to complain to the platform.
Conditional withdrawal and signing of commitment letter for dishonesty
After several complaints, FPG finally agreed to make the payment. But there are two prerequisites: one is to withdraw the complaint content from Huiyou first; There is also a need to sign a "commitment letter", where Huiyou saw that after voluntarily requesting to open an account, they engaged in dishonest transactions. For the second condition, Huiyou feels that his personality has been insulted and he clearly has not committed any violations.
FPG is not a black platform, it holds the Vanuatu VFSC license and was established in 2015. Currently, FPG has been labeled with a large number of customer complaints by multiple industry websites. Some Huiyou said that you must lose money on the FPG platform, otherwise some customers will complain that you have eaten all the principal. Some people said that it "cannot be opened on the website, does not provide payment, and does not have customer service". Aihuicha does not recommend Huiyou to continue using the FPG platform for transactions.
As of November 14th, the complaint against Huiyou is still in a tug of war with the FPG platform. I don't know if FPG will keep its promise after Huiyou agrees to two conditions and let Huiyou successfully contribute money. For FPG suspected of intentional planting, when filing a complaint against Huiyou, it is important to be careful not to let the other party backtrack after obtaining the 'Commitment Letter'.
