I had become member of IFOREX by paying 100 USD by my Citibank Credit Card on 27th April 2009 and started trading for some time. During this period I earned a profit of 42 USD from trading and 35 USD as Bonus for referring a friend.

On 7th September 2010 I filled their withdrawal request Form for withdrawing 142 USD and sent the following documents as desired by them:

== Xerox copy of Landline Bill towards address proof
== Xerox copy of Credit Card both sides (Front & Back)
== Xerox copy of Driving License towards ID proof
== Xerox copy of withdrawal request on IFOREX Format

All the above documents were scanned and mailed at 'mohamedth@iforex.com'; 'accounting@iforex.com'; 'info@iforex.com'; 'joel@iforex.com'; 'csindia@iforex.com' and have spoken with their Indian employee Ms Avni at 18001029876 on several occassions, she referred my case to some Mr. Tajuddin, Mr. Mohamedth I have spoken to Tajuddin once and Mohamedth 3-4 times when they called me from +401100200. All the time Mohamedth assured that he has forwarded my case for refund to accounts department but it is a matter of regret even after passing of more than 25 days I have not received my money back.

I request you to please look into the matter and to create awareness in people to be careful from such cheating agencies.

I do not know how many people have been cheated by them so far. You may contact me at alok.bansal@electrotherm.com; alokbansal1950@gmail.com and Mobile # +91 990 900 4527.

Thanks

Alok Bansal

Hi All I forex site looks doutful to me as I have been trading for last one month and have seen that when ever u do a trading market always goes in opposite direction and you loos your money ....Also have seen that as soon as you make a trade our deal goes in negative as brokerage is taken....But I have observed some times this brokerage is deducted more then what they promice and hence your deal is always in negative....

Thanks Alok,

After reading your experience which indeed is a very bad one. I was also slightly apprehensive with the whole Website of iForex as there was no proper contact numbers and Live Chat never got connected and no CONTROL of Govt. of India like SEBI, AMFI, IRDA and no Approval from . Moreover, I had few numbers of iForex Mumbai and now those numbers don't exists and now I too receive calls from +401100200 and the callers says that he is calling from Athens-GREECE and he is specially recurited to assist indian customers..... their english sounds very un-natural and they are always in a hurry to charge the 100USD..... Something is really funny and I guess we need to inform to the relevant authorities of Indian Government.

Regards,
Sony J

Originally Posted by Unregistered

I had become member of IFOREX by paying 100 USD by my Citibank Credit Card on 27th April 2009 and started trading for some time. During this period I earned a profit of 42 USD from trading and 35 USD as Bonus for referring a friend.

On 7th September 2010 I filled their withdrawal request Form for withdrawing 142 USD and sent the following documents as desired by them:

== Xerox copy of Landline Bill towards address proof
== Xerox copy of Credit Card both sides (Front & Back)
== Xerox copy of Driving License towards ID proof
== Xerox copy of withdrawal request on IFOREX Format

All the above documents were scanned and mailed at 'mohamedth@iforex.com'; 'accounting@iforex.com'; 'info@iforex.com'; 'joel@iforex.com'; 'csindia@iforex.com' and have spoken with their Indian employee Ms Avni at 18001029876 on several occassions, she referred my case to some Mr. Tajuddin, Mr. Mohamedth I have spoken to Tajuddin once and Mohamedth 3-4 times when they called me from +401100200. All the time Mohamedth assured that he has forwarded my case for refund to accounts department but it is a matter of regret even after passing of more than 25 days I have not received my money back.

I request you to please look into the matter and to create awareness in people to be careful from such cheating agencies.

I do not know how many people have been cheated by them so far. You may contact me at alok.bansal@electrotherm.com; alokbansal1950@gmail.com and Mobile # +91 990 900 4527.

Thanks

Alok Bansal