Oracle FX Plus has been set up by 2 persons who should never be involved in financial services. Craig Davidson has recently been convicted of multipul counts of straling. George Minas recently ran a credit company that was closed by ASIC and had their licence cancelled. Kepp well clear of these guys and this company.
Oracle FX Plus Pty Ltd
Alabama,#2REBUTTAL Owner of company
Sat, November 30, 2013
At Oracle FX Plus Pty Ltd, we stand tall and proud as to who we are and what we represent. As previous employees of Monarch FX Group Pty Ltd, we saw the many shortcomings that were prevalent there. Our endeavours to provide transparency across all facets of the business, from sales to service, performance of the product and full disclosure to clients, were forever and constantly stonewalled by our boss Quinten Hunter (aka Quinten Hann). We were always kept in the dark regarding the performance of Monarchs Trade Signals. We were told what to quote and how to quote. Never once did we ever see any live trading results. We constantly questioned Quinten on this on the rare occasions that he was in the office, and we never received a straight answer. His typical response would be “you worry about getting the sale and you leave the rest to me – it’s not your concern”.
A month prior to Quentin suddenly dismissing all Sales and Customer Support staff by way of sms on 6/11/2013 which read “don’t bother coming in tomorrow it’s not open. I’ll talk with you tomorrow and make a time to meet there when convenient”, both Craig and myself had committed to establishing our own firm. A firm built on transparency, honesty, integrity and solid trading. In short, a firm built on the shortcomings of Monarch FX Group. Through thorough research and professional advice, we found one of Australia’s best FX Traders and trading platforms. The wheels were in motion and coincidently enough, on the 6/11/2013 the same day that Quinten shut Monarch, Oracle FX Plus Pty Ltd was incorporated.
With a lot of free time now to fully concentrate on Oracle, we started our endeavours in obtaining an AFSL licence. We approached and met with Monarch’s head licence holder and made inquiries regarding Oracle obtaining a licence. We made our intentions clear from the onset that in establishing our new company, one of our main concerns was the ongoing service to existing and potential Monarch clients. Armed with our intimate knowledge of Monarch (which was discovered in the last weeks prior to Monarch shutting shop), we felt morally obliged to do good and what’s right by those clients! Both Craig and myself vowed that there was no way we would stand by and let Monarch do to the new clients what they had done to the old. We disclosed all our intentions to the head licencee. We also disclosed to them what we believed Monarchs intentions were, primarily a cash grab from potential customers through the provision of nothing more than an automated trading system that isn’t even monitored by an experienced trader which can be bought for a dime a dozen over the internet. Despite the head licencee agreeing to provide us with a licence to commence trading (evidence can be provided), after about a week and a half into the process they decided to withdraw their offer quoting potential conflict between Oracle and Monarch as the reason.
Our meetings with the head licencee were held in what we believed to be the strictest of confidentiality, however somehow through means unbeknown to us, Quinten Hunter became aware of what we were doing by birthing Oracle. It is at this stage, that Quintien and his associates have begun a smere campaign against Oracle, Craig and myself by way of mass emails to clients and anonymous blogs on various forums. We do not wish to be drawn into a tit-for-tat battle with Quinten and Monarch, as this is not what we are here for. However, we believe that we need be afforded the right of reply to allegations raised by Quinten, Monarch and its associates.
We categorically state the following:
I believe it is quite obvious what is going on here. Facts are facts and speak for themselves. Unlike Monarch, Quinten and his associates who have chosen to be anonymous in posting and emailing such claims, Oracle, Craig and myself stand by what we say and do not use the internet to hide. We are here, out in plain view, standing up strong and proud! Monarch’s objectives and motives for their smear campaign of Oracle, Craig and myself are as follows….he will do everything in his power, whether legal or illegal, moral or immoral to conceal his and Monarch’s deeds from their clients and the public.
It is a fact that there is a current ASIC investigation against Monarch and Quinten. Some further facts that our investigations have uncovered during the last week regarding Monarch and Quinten are as follows:
A question you may ask is how can Quinten have obtained and AFSL to trade under given his past? The answer is that he has legally changed his name for the purposes of concealing his colourful past.
In conclusion, I appreciate the opportunity to provide our right of reply. We stand firm in our conviction to do what is right and provide a transparent service to our potential clients, forever ready to be held accountable for our actions. Unlike Quinten, we are always available and any questions you may have can be emailed to us at [email protected]
It’s funny and ironic in a sense, that Craig and myself believe we need to thank Quinten. If it wasn’t for our time at Monarch and the severe shortcomings that we experienced there, we would never have given thought to establishing Oracle. You showed us through your actions what not to do!