Could you go into a bit more detail? It may help others avoid the same fate.
I joined these people last year. I wish I never bothered with them now.
Try to ring the number on their website: 0207 856 2475 no answer...
I have never encountered such mugs in my life before.
The training course is really just a couple of strategies you can learn with just a few minutes on youtube really. I was tough a strategy and when I asked why we are all learning different strategies, I was told that they don't put their eggs in one basket.
That's when I thought I should get the hell out of there.
After I asked for a partial refund, as I was only 3 months into my 6 month contract, I could not get hold of them. No replies to emails and they don't answer the phone.
The weird thing was that I received an email from Accidents Direct explaining that the company has under gone "changes" and will be shutting down soon. Now the "trading floor" they talk about is a office full of Accident Direct call centre people. At one point I was told that Accidents Direct is backing them as Gtex Global is partly owned by them. Not sure, but they did email me. I asked this person if she could tell me what is happening and that I can not get in touch with Gtex staff. She said she will try and get hold of Ralph (the then Director of Gtex Global), but heard nothing back.
I have had some good advice from Thompsons Solicitors today and I will now have to go to the small slaims court as the amount I was scammed out of was £2800.
I will send them them their 14 days notice today. I will also be writing Accidents Direct as they are involved with this in some way also.
I really can not believe how stupid I was in joining them. It really did sound like they are trying to be a legit company. I initially would have joined SAVI trading, but the sales person Garth Paul, who worked there was leaving and convinced me that Gtex Global is a better choice.
Then they moved to 30 Crown Place and shared the office there with Accidents Direct. They had a section for us there with the multi monitor setups and a Bloomberg feed and it all seemed legit.
I joined up in December and then the drama started. They had a "head trader" there but he left after two weeks as he and the "head trader" wasn't on the same page. Ralph Anderson, the head trader, then came on the scene and we started the training.
I received a handbook and did a test, which I failed horribly, but the test didn't count for anything as you can not fail it. The test was about institutions and GDP, candle patterns etc.
I started my training I thought. I got my demo account and away I went. At this time there were other people there training away as well.
The thing that bothered me was that we were not taught about trading the markets as such. We were taught a strategy and that was it. Now I can understand why as they want you to trade a certain way when you are supposed to trade for them as a prop trader, but I was sold a training course (http://www.gtexglobal.com/App_Themes/GtexGlobal/docs/Intermediate.pdf) and I didn't feel like I am getting what I paid for.
I requested a partial refund as I was only 3 months into my "training" and was told Gtex don't do refunds. My contract states other wise. I have been trying to get in touch with them ever since. And since they are going to shut down, if they haven't already in which case I have no chance, I want a full refund now as they have breached contract now by not being able to offer the proptrading opportunity as stated in the contract and they are not completing the training programme.
Gtex Global is trading under SEED Capital Limited, Company no: 07319389
If anyone here has any advice, please help.
For those of you who really want to learn trading FOREX, I would strongly suggest to buy the Chis Lori trading course and please avoid these so called "mentors".
Try to ring the number on their website: 0207 856 2475 no answer...
I have never encountered such mugs in my life before.
The training course is really just a couple of strategies you can learn with just a few minutes on youtube really. I was tough a strategy and when I asked why we are all learning different strategies, I was told that they don't put their eggs in one basket.
That's when I thought I should get the hell out of there.
After I asked for a partial refund, as I was only 3 months into my 6 month contract, I could not get hold of them. No replies to emails and they don't answer the phone.
The weird thing was that I received an email from Accidents Direct explaining that the company has under gone "changes" and will be shutting down soon. Now the "trading floor" they talk about is a office full of Accident Direct call centre people. At one point I was told that Accidents Direct is backing them as Gtex Global is partly owned by them. Not sure, but they did email me. I asked this person if she could tell me what is happening and that I can not get in touch with Gtex staff. She said she will try and get hold of Ralph (the then Director of Gtex Global), but heard nothing back.
I have had some good advice from Thompsons Solicitors today and I will now have to go to the small slaims court as the amount I was scammed out of was £2800.
I will send them them their 14 days notice today. I will also be writing Accidents Direct as they are involved with this in some way also.
I really can not believe how stupid I was in joining them. It really did sound like they are trying to be a legit company. I initially would have joined SAVI trading, but the sales person Garth Paul, who worked there was leaving and convinced me that Gtex Global is a better choice.
Then they moved to 30 Crown Place and shared the office there with Accidents Direct. They had a section for us there with the multi monitor setups and a Bloomberg feed and it all seemed legit.
I joined up in December and then the drama started. They had a "head trader" there but he left after two weeks as he and the "head trader" wasn't on the same page. Ralph Anderson, the head trader, then came on the scene and we started the training.
I received a handbook and did a test, which I failed horribly, but the test didn't count for anything as you can not fail it. The test was about institutions and GDP, candle patterns etc.
I started my training I thought. I got my demo account and away I went. At this time there were other people there training away as well.
The thing that bothered me was that we were not taught about trading the markets as such. We were taught a strategy and that was it. Now I can understand why as they want you to trade a certain way when you are supposed to trade for them as a prop trader, but I was sold a training course (http://www.gtexglobal.com/App_Themes/GtexGlobal/docs/Intermediate.pdf) and I didn't feel like I am getting what I paid for.
I requested a partial refund as I was only 3 months into my "training" and was told Gtex don't do refunds. My contract states other wise. I have been trying to get in touch with them ever since. And since they are going to shut down, if they haven't already in which case I have no chance, I want a full refund now as they have breached contract now by not being able to offer the proptrading opportunity as stated in the contract and they are not completing the training programme.
Gtex Global is trading under SEED Capital Limited, Company no: 07319389
If anyone here has any advice, please help.
For those of you who really want to learn trading FOREX, I would strongly suggest to buy the Chis Lori trading course and please avoid these so called "mentors".
Sorry to hear about the problems, I hope you are successful with your claim but remember these guys will operate through a limited company and just go bust if they get too much heat. What I'm saying is you may end up getting nothing back so don't go spending too much on solicitors etc in case it's good money after bad.
According to Companies House webcheck service Gtex have now changed their company name to Broad Legal Cover Ltd. This was a previous name as well.
Bint_Crusher
Established member
- Messages
- 728
- Likes
- 33
Sorry about the problems, I visited their Crown place office as well, too much of a front in my view.
No surprise given the fact one of their previous businesses was selling pashminas and scarves.
Saffer,
Garth Paul (actually Garth Ross Paul) was, until recently, a Director of Seed Capital Ltd. No wonder he was putting you off Savi and trying to get you to go to GTEX.
He is also currently the Company Secretary of Broad Legal Cover, the new name for GTEX Trading Ltd. This information is publicly available from Companies House.
Pazienza
Senior member
- Messages
- 2,334
- Likes
- 442
Bint_Crusher
Established member
- Messages
- 728
- Likes
- 33
Is this one of the guys ? He goes by the name of anthonyb
Attachments
No, I can't remember seeing him there. Sorry.
Last edited:
I wonder if you'd like to apologise to the people who lost their money with this company, perhaps based on your personal recommendation.
...or perhaps not. I see the Liontrades website is down and he/she has been banned from www.forexfactory.com for having multiple usernames.
http://www.forexfactory.com/mrspips
http://www.forexfactory.com/mrspips
I am have now informed Trading Standards who are going to investigate this lot.
This is what Companies House brings up on them. They filed to get scrapped and it doesn't seem like I have a chance to get my money back of them any more.
http://wck2.companieshouse.gov.uk/03eca4ea191d1d91476f62e3d56fb06e/wcprodorder?ft=1
This is what Companies House brings up on them. They filed to get scrapped and it doesn't seem like I have a chance to get my money back of them any more.
http://wck2.companieshouse.gov.uk/03eca4ea191d1d91476f62e3d56fb06e/wcprodorder?ft=1
traderboi29
Active member
- Messages
- 162
- Likes
- 5
so sad to read about these stories, scum people taking peoples hard earned cash. you should report it to bbc watchdog, i for one have had enough of so called prop houses offering training and then doing a runner or so called traders like vince scamzione and greg "IT consultant" secker claiming to teach trading for thousands and then get stuff you can get for free on the net.
dsb104
Junior member
- Messages
- 17
- Likes
- 0
Just discovered this thread. Just curious, what actually did this company do wrong?
From what I understand you paid them £2k. What did you actually receive for this? Eg materials, classroom time, mentoring? And what was promised at the outset?
What did you discover when you went to their offices, or was it like a boiler room or something?
Disappeared with people's money it seems. Anything wrong with that in your books?
Bint_Crusher
Established member
- Messages
- 728
- Likes
- 33
[/QUOTE]
Unless they Itemise everything they are going to get then nothing is wrong. 3K for investment advice without guarantee means that they can take the 3K and bugger orf with it. 3K for training means that they can show you a candlestick pattern and tell you what to do when you see it on a chart. If it works so much the better, if it doesn't well they still have the 3K and the argument that the trader must not have learned how to manage the trade properly. No money in trading is ever guaranteed, none of the agreements are guaranteed, the only thing that is guaranteed is there are going to be a lot of disgruntled people arguing the rights and wrongs to no avail.
whistlingwhistlingwhistlingwhistling:whistling
dsb104
Junior member
- Messages
- 17
- Likes
- 0
What I meant was, there is difference between paying £2k and getting nothing, and paying £2k, getting a training course, and not being able to make money with the info.
I presume Gtex were the latter?
It seems there's only 1 guy on this thread who did the course, the Saffer.
