NetoTrade
Complaint 339749 Details

I was talked into signing up with Netotrade, a Forex brokerage company. I was looking for a brokerage, so gladly accepted.
Once I had signed up, I was persuaded to use my credit cards to fund the account. Then, when I was en route to China, and therefore couldn't check what was happening with my account, a broker called Alan Levine dipped into my funds and started placing them left right and center on various Forex pairs and indices without me knowing.
Once I had arrived at my destination, I found that all my account had been used up. I complaind to Mr. Levine but he didn't help. He was just interested in me clocking up credit card debt, and loosing it. I feel that he didn't place the money in real Forex pairs, but used it in phoney deals, then kept the money. A couple of weeks later, the 25,000 had gone and so had Mr. Alan Levine.
I reported them to the police, but was told that due to the fact that they are registered in Cyprus, there is nothing that can be done about it.
Netotrade is a lying, cheating, corrupt brokerage. Don't use them!!