My cfd broker claims i have more than on...

Asked by Youngp33 on 16-12-2020 16:26:06
Question posted in the General Law category relating to Free State

My cfd broker claims i have more than one account and that i have abused the markets, without my consent he has refunded my original investment and suspended my account without paying me my profits.my husbands brother and his wife has a simliar issue.we have a found a loophole in the binairy options trading offered by Xtrendspeed that allowed us to make some money, almost doubling it everyday, after sometime the company started doing tricks on out accounts, freezing them, not allowing to trade and so on... when we try to withdraw our profits, all types of errors and excuses coming out from them. its Very simple, we have beat the casino and the casino dont want to pay us, this broker CFD does not want to pay us because they have to pay us out of their own pocket, i need a lawyer to find out if we will be able to get our winnings/profits. Because we dint brake any rules, i know i dint..Company Info:xtrendspeed.com is owned and operated by Rynat Capital (Pty) Ltd.Rynat Capital (Pty) Ltd,is an authorised financial service provider in South Africa with registration number 2004/005384/07 which is regulated by FSCA ( Financial Sector Conduct Authority) under the FSP license number 23497.Registered Office and Correspondence Address: 17 Midas Avenue, Olympus, Pretoria Gauteng, South Africa, 0081The XTrend brand is owned and operated by Rynat Trading Ltd.XTrend App is operated by Rynat Trading Ltd, under registration number HE 344135, a Cyprus Investment Firm authorised and regulated by CySEC with License No 303/1.Registered Office and Correspondence Address: Monis Machera Street 18, 4th Floor, Flat/Office 401, 3020, Limassol, Cyprus with company reg. number ΗΕ 344135.

If you would like to view the entire answer, you will need to either login or register a FREE account.

Disclaimer

DISCLAIMER: Advice or answers from Lawyers on SA Legal Advice are not substitutes for the proper advice of an Lawyer. SA Legal Advice is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Lawyer who assists with your question is not your Lawyer, and the response above is not to be considered to be legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains. The responses above are from individual Lawyers, not SA Legal Advice. The site and services are provided “as is”. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.