Etoro OWE You compensation, refund, reimbursement for:
- Breaching contract and unlawful closure of your leveraged positions – compensation 1
- Manipulating account statements – compensation 2
- If your leveraged crypto positions were unlawfully closed by Etoro in January 2021 please contact read blog post above and contact us ASAP.
2. If you traded bitcoin or cryptocurrencies in 2017-2018 on Etoro Take 2 minutes to discover how Etoro have been falsely appropriating part of money from crypto trades – (update Jan 2021, Etoro admitted fault and paid be $4,700 without me even signing the waiver)
see the Waiver they want me to sign.
If yes you should be entitled for compensation/reimbursement as Etoro admitted that they have wrongly calculated certain profits/losses, effectively charging me as high as 4.34% more!
If you had any profit or loss on small value crypto assets like XRP, it was also subjected to “hidden” percentage adjustment, as price was conveniently rounded up or down.
I had my Account Statement reviewed by a finance professional who checked over 1200 positions/trades on my account and found discrepancies in over 32% cases.
I cannot reveal all details publicly, but I can explain all in private. Please contact me for more details.
I alone am entitled 4700$ compensation but figures can be higher for other users. I`ve now been contacted by many users and the systematically the same problem is found!
Etoro want to pay me hush money so I do not claim any damages or compensation or effectively don`t sue them and want me to sign a waiver. They know they have a serious problem (as It may have affected over 200,000 active crypto trading users) but they don`t know that I estimate that they make approx. 78$ on each $1000 deposit, so less users or less deposits (due to cautiousness, and knowing real risks and problems they may encounter or choosing other trading platform with better reputation altogether) means potentially millions in lost revenue.
We`ve estimated all claims can amass to even $5.6 mln. If loss of existing users and new users is added and revenue from existing users reduced as a precaution (due to Etoro`s flaws exposed) then Etoro`s losses can millions every year. It only takes one complaint at a time. Precedence is already set.
Of course, we don`t want Etoro to loose money, but we want them to:
-Treat customers respectfully,
-Listen and act professionally to every customers complaint
-explain all discrepancies found
-do better AML and financial situation check and protect vulnerable customers (but not by kicking them out of Etoro)
-let users stay on platform how long they need to see their investments mature, don`t close accounts with lame or no excuses, at worst timing too.
-Etoro should publicly answer all questions in open letters to them
As the algorithms are automatic and the same for all users, we see in the cases that we reviewed so far that all users would have had their accounts wrongly calculated. Etoro now fears they will have to pay millions in compensation!
I need to understand how many people traded crypto in 2017-2019 and before, even if it was one trade. Please just send me an email and say yes, or better yes and how much you`ve invested in crypto. This will build a picture of how many people could have been done wrong by Etoro.
OTHER PROBLEMS WITH ETORO:
Etoro want me to sign a waiver as I made them aware that I have facts and evidence of: negligence, misrepresentation (false reviews stating secure FCA regulated trading environment, without pointing out exception of crypto assets, basically making crypto trading on Etoro – UNREGULATED and UNSAFE), claims of no hidden cost which there is evidence were not true, as 4.34% additional hidden cost was charged to me, the list is wrong and covered under separate major complaint and claims for damages, too big to describe here.), not providing clear, error less, thorough financial reports as required by FCA, FCSA, poor customer service adversely affecting customers mental health, attempted appropriation of EtoroX currencies, closing copy trade positions without consent! List is long and one only have to go on trustpilot.com to see what others had to endure.
If you want to help to put this Giant responsible and help others not to risk investing, please send short email with YES. I promise you your interest will be looked after and I will explain where to look and what to do.
David can win with Goliath if we stand united against companies that are too big to care about customers and don`t fear financial scrutiny of authorities. This can change.
Now, quote from The Vesenjak Law Firm, led by attorney Slavko Vesenjak, who you cand contact to get your compensation for “leveraged crypto positions in January 2021”, they have a dedicated Etoro scam Website Section with a form to fill in.
The eToro Case
Have you been scammed by eToro’s practices?
Let’s Take Action
TOGETHER WE ARE STRONGER
JOIN OTHERS IN PURSUING JUSTICE
On January 8, 2021, eToro closed all European customers’ leveraged positions on cryptocurrencies. The closure of leveraged crypto positions was a violation of clients’ property rights. The Vesenjak Law Firm, led by attorney Slavko Vesenjak, and joined by law professor Jurij Toplak, adjunct professor at Fordham Law School in New York, leads a global team of experts who assist victims of the eToro’s action.
Over the past days, we have received hundreds of messages and testimonies from eToro clients. We invite you to join them, and together we can achieve justice. It will not cost you anything to submit your data and to stay informed about further developments. Our lawyers will do everything to make legal proceedings cost-free or at a low cost. We contacted European consumer protection organizations and bodies that will protect your rights. We will work with you and file lawsuits in several EU member states to achieve justice for you.
Under EU law, “terms and conditions” have to be fair. Unfair terms are not binding. The contract is not allowed to create an imbalance between your and the platform’s rights and obligations. Any ambiguities will be interpreted in your favor. The eToro’s “terms and conditions” are full of terms for which we are confident are unfair and unlawful. Among these are the terms under which the eToro ended your leveraged positions.
In February 2020, the price of Bitcoin, Ethereum, Litecoin and other cryptocurrencies have all grown higher than they were on January 8. You are losing profits and law legal team will help you achieve justice. As the first step, we plan to file dozens of lawsuits in Germany, the Netherlands, Austria, Slovenia, and other European Union member states. We will ask the courts to rule that your contracts-for-difference /CFD) are valid.
Some of you informed us that eToro asked you to change the margin to 100 percent. If you do so, you may lose your claim.
Apart from the January 8 leveraged positions’ closure, we have received dozens of messages and testimonies about eToro’s dubious practices. Some of you called them fraudulent, and others felt deceived. Many of you requested the withdrawal of funds from eToro accounts, and after several days, money has still not arrived in your bank accounts. Others never agreed to the Terms and Conditions, which eToro claims that bind you. If you feel that eToro violated your rights or property, share your experience. We will do everything to help.
The broken leveraged positions can be restored. We will do everything to make eToro restore your leveraged positions, or get justice in any other eToro-related case you have.”
SOCIAL CAMPAIGNS available soon on:
to raise money to spread the truth and reach all users and to take legal actions safeguarding existing and future Etoro victims/users.
See also www.truetoro.org
Regards Platinum Joe
Links to direct complaint forms on trading brokers like Etoro:
Any expressions and statements deemed critical, sarcastic, abusive, ironic or truthful, are just reflections of our own personal experiences and are protected by
UNITED NATIONS CHARTER (Freedom of Speech) & EUROPEAN UNION CHARTER (Article 11) & THE UNIVERSAL DECLARATION OF HUMAN RIGHTS (Article 19).