TenkoFX terminate his business activity in India, what will i do ?

Dec 07, 2015 at 08:06
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8 Replies
Участник с Mar 05, 2013   4 комментариев
Dec 07, 2015 at 08:06
Hey Guys,

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 protected]. E-mail used by the Indian office ([email protected]) 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 :(
Участник с Mar 05, 2013   4 комментариев
Dec 07, 2015 at 13:45
No one to help me ?
Участник с Oct 31, 2013   98 комментариев
Dec 07, 2015 at 16:03
DID YOU DEPOSITE VIA INDIAN OFFICE
A trader can be an economist but an economist could never be a trader. They are too theoretical.
Участник с Mar 05, 2013   4 комментариев
Dec 08, 2015 at 07:19
Hi Rahiths,
Thanks for your reply.
I deposit 30% through Neteller and 70% through bank transfer.
S via Indian Office.
Участник с Oct 31, 2013   98 комментариев
Dec 08, 2015 at 17:05
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.
A trader can be an economist but an economist could never be a trader. They are too theoretical.
Участник с Jun 13, 2012   8 комментариев
Dec 15, 2015 at 08:06
no serious brokers handover the controlling of monies to their affiliates/ibs/some random strangers,,,,your money is gone mate!
ibs/account managers got 20-30% & rest to tenkofx.thats how ....typical dealing-desk bucketshops & ib businesses work
Участник с Dec 03, 2015   34 комментариев
Dec 15, 2015 at 12:10
too bad, i don't understand why you deposit through IB while you can deposit directly to broker
Участник с Dec 10, 2015   21 комментариев
Dec 15, 2015 at 15:09
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. - means partners run away with money and you not will see cent back...call police and tell, you are scammed. Sure you have account number where you send money. + in india is banned trade with other than national brokers. So call police.
i am user in bestforexrebates dot com
Участник с Mar 05, 2013   4 комментариев
Jan 11, 2016 at 13:02
Hi all,

Can anyone tell me how to give a complaint against them in Ludhiana ?
because i am from Chennai. What should i do ?

Help needed guys :(
Kindly help me
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