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I was drawn from Xiaohongshu to join an EBC trader-led PAMM account. After initially attracting everyone to deposit with profits, one day they crazily placed numerous orders and depleted all the principal, exploiting customer losses. Our group had collectively deposited at least $15,000, attracted by the stable early profits. Once people stopped depositing more money, countless orders were placed one day that consumed all the capital. This behavior involves traders and platforms collaborating to lure customers into the market for deposits, where the platform and traders share the profits from customer losses—it's not normal trading loss. The trader in my case is named Wang Fu.
喵喵喵呀
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2024-11-13
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Reply from official EBC
Dear customer, Regarding the issue you raised, we immediately conducted an investigation. We provide the following explanations: 1. We have reviewed your PAMM account records and found that your total deposit is $500, which differs significantly from the amount you mentioned. 2. The trading activities you mentioned were carried out independently by the fund manager of your PAMM account. Before the PAMM account was launched, we ensured that all clients had signed the PAMM agreement, which detailed market fluctuations and related investment risks, and carefully selected cooperating fund managers. 3. Considering your situation, we will also communicate with the relevant traders to reiterate the risks and provide reminders regarding the trading activities and strategies of the fund manager. EBC has zero tolerance for any deceptive behavior towards clients. If you discover any deceptive behavior by the fund manager during the trading process, please provide us with detailed information, and we will assist you in handling it. EBC always strictly adheres to industry standards. We do not participate in or support any private actions between clients. We are committed to providing customers with a transparent and fair trading platform, and we adhere to the principles of integrity and respect. If you need further assistance or have any other questions, please feel free to contact us through our online customer service. We will be dedicated to serving you.
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