Read our Graham Status review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a grahamstatus.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Graham Status is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Graham Status in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Graham Status Review Conclusions
Making the Graham Status review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Graham Status review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Grahamstatus stole my money too. I’ve been waiting for a withdraw….
Vilmos Sapi
hI Vilmos
How did they scam you?
what happened? Can you explain in more detail ? also, who was your account manager ?
Hi Vilmos, did you get your money back?
was it a large amount?
Hi Graham Status have done the same to me. I’ve requested my account closed and moneyback they’ve not replied and are still trading with my money and account.
hi Janet, did you request via their forms? also did you transfer via crypto or via card
Hi Janet,
who is your account manager ?
My account manager was George Lynch. I transferred the money initial deposit via visa and remainder through binance. I requested close of account through their form which accepted withdrawal request but never happened.
Hi Janet,
Thank you for your reply. Out of interest how did you come across Graham status ?
After a bad experience I was trying to find help from someone and came acroos toolstrade.com the man said it might be best to have various platforms with a small deposit in each one. He recommended grahamstatus.com and rushed me through signing up with them so didn’t really have time to think about it. After this grahamstatus.com ran my account giving updates of successful trades. It wasn’t till I went to close my account they ghosted me.
Had a bad experience with GrahamStatus and dealt with the same guy. They asked for a commission to close the account as I didn’t maintain an expected amount. And they wanted to deposit the commission(in crypto) first to release my money. After that he stopped responding and their phones are not connecting.
I had the same experience as Janet.
Hi Devon,
Hope you are well. Did your account manager confirm he made profits with your capital ?
Did you have to send more funds to get your commissions ? or was it a case that you wished to close your account regardless of profits etc ?
Yes. I could see the profit margins. He asked to send the commission first as I’m closing the account early. My bad that I trusted him to send the commission as crypto.
HI Nijo,
did you send their commission in crypto and then what happened ?
Yes, and suddenly they stopped responding to my messages.
grahamstatus has completely vanished.
toolstrade introduced them to me it is the 2nd broker they put fwd to me. they are all in on it. therefore we must find a way to investigate and get our money back. any suggestions ?