Please help me how to get my money back. One day i got an mail from my broker that
'We have to regretfully inform you that TenkoFX has to terminate its business activity in India, due to the fact that accounting manipulations by the Indian partners have been identified. We have undertaken all the measures to resolve the problem with no success. In these circumstances, we have to strip the Indian partners of the right to operate under TenkoFX brand name.
We would like to draw your attention that due to India’s capital control legislature 100% of client funds have always been kept by the Ludhiana office and remain in India. In addition TenkoFX has placed to India its own capital to guarantee payouts of client gains generated on the liquidity.
Cash balances at hands of Indian partners are well in excess of amounts owed to clients. These balances comprise of client money, operating profit and additional guarantee money that has been placed by TenkoFX to India. All client obligations should be met by our Indian partners in full and in time.
Our current top priority is to ensure that all clients get paid. However, given the irresponsible attitude taken by our partners we do foresee problems ahead. We can only solve them by coordinating our actions. We urge all clients to work collectively and supportive to each other in order force the Indian side to comply with obligations in front of clients.
Starting from today (25/11/2015) trading activity for clients who has deposited via the local Indian office (i.e. Agent deposit method) will be terminated and all positions closed. Respective clients should apply for INR withdrawal of deposited funds and profits via the Agent option – i.e. just as it was deposited.
We will be controlling the termination process closely. We urge every client, who is facing withdrawal problems to send notification e-mail to email@example.com. E-mail used by the Indian office (firstname.lastname@example.org) has been deactivated.'
All my open positions were closed automatically with loss and remaining capital also i am not able to withdraw.
So guys please suggest me how to solve this ?
Does any one cheated by there broker without giving the money ?
Please please please please please please reply me :(