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Infinity Forex Funds cancelled my account after 120 Days of the purchase as my trading style did not meet there risk parameters, even though I was within their rules.
Steve Fryer
United Kingdom 2024-05-15
Related Broker:
Infinity Forex Funds
Regulators:
Claims: Fund Recovery
Amount: --
Progress: Processing
Steve Fryer File a Complaint
2024-05-15

I had payed for 2 x HFT $1,000,000 accounts with Infinity Forex Funds, I had a bad start trading with them as my previous style of trading did not suit the current market. After making some changes to my strategy I start to consistently make $10k a week. All within their set rules.


On the 120th Day after my purchase they decided to deem both of my accounts violated. Therefore I have not had the opportunity to request any payouts just yet. They have deleted both accounts based upon their own discretion as per clause 21B in their contract:


Termination for cause The Client may terminate this Agreement immediately by notice to the Contractor if: (b) the Client in its exclusive opinion considers that the Services provided are not of a satisfactory standard;


Their comments: "Following a comprehensive review of your trading strategy and its potential impact on our risk management, we find ourselves unable to continue supporting your current trading approach. The inherent risk associated with your strategy poses challenges to the overall financial stability of our firm."


I mean clause 21B basically says we can remove any account at any time for any reason. Is this even possible?


I paid close to $10k for both of these accounts, for them to just delete them with no valid reasoning, and no breach of contract, other than their own discretion as mentioned in clause 21B. Surely this is theft?


How can I approach asking for a refund and how can I support closing this fraudulent company down.


Kind Regards,

Stephen.


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