• Client monthly account statements clearly show multiple currency pair trades why then would all of the accounts have been exposed to one bad Eur/yen trade?
• Professional traders will bet only 3-5% of total account value which is specifically adhered to so that a leveraged bet does not break the trading account. What happened?

Global FX contract clause: the attorney agrees that the maximum loss on any single trade will not exceed 3% of the cash balance of the trading account if the net balance of the trading account at the end of a given calendar month is 12% or less than the prior month then this agreement is immediately revoked until such time the client agrees in writing to permit the attorney to resume trading again. What happened? Why was this not adhered to?

• Guaranteed stop losses used by professional traders to exit bad trades especially out of hours. Why were they not used?
• Inspection of the trades entered/exited on clients monthly statements look like they have been produced by a novice for minimal gains with duplication of inputted trade information. Multiple trades on the same currency pairs opened within seconds of each other and closed for minimal profits on a few points move which when inspected on the trading platform went on to make solid moves in the direction traded. Why then would those trades have been closed?my opinion is no trades were placed and the account summaries are fictitious as no currency trader opens multiple trades on the same currency pair in quick succession due to the cost of the spreads (commission that the platform makes).This has been substantiated by a professional FX trader
• Mr Hick was asked in April 2024 to provide the GFX Global trading account statements via screenshots or email that could easily prove to his clients what he has claimed caused the failure of the trading account. This data will be held by the Trading Platform but again he has gone quiet and failed to produce or substantiate his claims which if innocent he could do so easily to clear his name.
• An innocent man would want to clear his name I believe and can easily be done if indeed this was true!!
• In summary the GFX management Trading business was a complete fraud and clients money was stolen.

We have carried out a lot of research over the years and I hope this update helps to provide closure and transparency to what really happened to the clients of Global FX management Trading.