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Can't take profits out of FX Open

  • #61
  • Mar 25, 2008 7:34am Mar 25, 2008 7:34am
Quoting Takisd

You have to realise that all these brokers have exactly the same broker rules regarding this kind of trading.
What are you talking about? Virtually every other broker allows trading using autoclickers such as SNW/Forexmuse.
  • #62
  • Mar 25, 2008 10:33am Mar 25, 2008 10:33am
Yeh right...

On any spike, providing they are going to pay you your profits, retail brokers allowing this, will slip you like a bitch, they will eat your bandwidth, they will totally ruin you. Good luck trading a 15 pip spike with a 40 pip spread too...

It also wont work on any reliable ECN..

If his method is so strong, why isn't he rich?

This is just another thread to go on the sesspool of wannabes pile..

Just a reality check to anyone who is reading this in order to decide whether to get into forex.. THERE IS NO GET RICH QUICK SCHEME ABOUT IT.. ITs hard work, and it doesnt give you 1000% in a month, you are more likely to lose your money.

If lag trading was allowed in any retail broker.. You would see it everywhere..

The other huge question is, why has he spammed the net over a measely sum, if he has such a technique, which apparently is allowed at other brokers.... If it worked at another broker, why the heck are you changing? 1worldforex, fxopen, now poltek? Dear lord, and people actually believe you ......

If you were trading properly, had a reliable method, and were making 30-50% a month consistently, and a broker did it to you, I would be crying scam with you.. But thus far, you have little to nothing to complain about.
  • #63
  • Mar 26, 2008 7:51am Mar 26, 2008 7:51am
Bullcrap.A real broker doesnt care how you trade.I use Dorman Trading in chicago a full clearing member of cme/cbot and they could give a crap about how I trade.Also use RCG direct in chicago same thing.I can trade news reports using them with no issue virtually no spreads or slips.Not that I do trade just news spikes but I have enetered during them with no issues.This FxOpen people are complete scam from start to finish anyone who ever even thinks of putting money in them needs to see a doctor.Unregistered unregulated not even within duristiction of any authorities.Stay away from them if you wish to not be robbed like a sucker.
  • #64
  • Mar 26, 2008 3:43pm Mar 26, 2008 3:43pm
Quoting NordLounge
I am using an expert advisor programme which is based on the martingale method but is bit more advanced then usual ones it is using pending orders only and position time can be from several seconds and up to several hours so it is not based on spikes, delays or whatever. It was runing with 5 brokers at the same time. 2 of them closed my accounts , 1 account got margin call and 2 other accounts are still working and I withdrawal without any problems from them (one of them is FX Open).
When did you open these 5 live accounts and start your EA trading?
  • #65
  • Mar 26, 2008 4:41pm Mar 26, 2008 4:41pm
Quoting nvwine
When did you open these 5 live accounts and start your EA trading?
One and a half months ago. But I used to trade some short time before offcourse, just a manual orders.
  • #66
  • Mar 26, 2008 7:57pm Mar 26, 2008 7:57pm
I wouldn't use FX Open just based on their representation in this thread. Their representative has poor grammar to say the least. On top of that they essentially attack one of their (ex)clients. I have seen reps from EFX/MB and other brokers on here taking abuse, and handling the matters in a much better fashion.

A pretty piss poor showing from a rep if you ask me.
  • #67
  • Apr 13, 2008 4:12pm Apr 13, 2008 4:12pm
Quoting Takisd
Yeh right...

On any spike, providing they are going to pay you your profits, retail brokers allowing this, will slip you like a bitch, they will eat your bandwidth, they will totally ruin you. Good luck trading a 15 pip spike with a 40 pip spread too...

It also wont work on any reliable ECN..

If his method is so strong, why isn't he rich?

This is just another thread to go on the sesspool of wannabes pile..

Just a reality check to anyone who is reading this in order to decide whether to get into forex.. THERE IS NO GET RICH QUICK SCHEME ABOUT IT.. ITs hard work, and it doesnt give you 1000% in a month, you are more likely to lose your money.

If lag trading was allowed in any retail broker.. You would see it everywhere..

The other huge question is, why has he spammed the net over a measely sum, if he has such a technique, which apparently is allowed at other brokers.... If it worked at another broker, why the heck are you changing? 1worldforex, fxopen, now poltek? Dear lord, and people actually believe you ......

If you were trading properly, had a reliable method, and were making 30-50% a month consistently, and a broker did it to you, I would be crying scam with you.. But thus far, you have little to nothing to complain about.

Nice reply,
Can you answer the following:-
1- Why they do not put in their website, it’s illegal to trade the news spike?
2- Why they allow you to trade the news spikes until one of two happen:-
a- Lose all of you money, and in this case no one will know about you
b- Make some money (it’s not a fortune it’s just a few cents if it compared with the money they are making every trade from the spread and the re-quotes!!)
And in this case they will erase your profit even without contacting you!
  • #68
  • Apr 14, 2008 4:15pm Apr 14, 2008 4:15pm
Quoting Takisd
Yeh right...

On any spike, providing they are going to pay you your profits, retail brokers allowing this, will slip you like a bitch, they will eat your bandwidth, they will totally ruin you. Good luck trading a 15 pip spike with a 40 pip spread too...

It also wont work on any reliable ECN..

If his method is so strong, why isn't he rich?

This is just another thread to go on the sesspool of wannabes pile..

Just a reality check to anyone who is reading this in order to decide whether to get into forex.. THERE IS NO GET RICH QUICK SCHEME ABOUT IT.. ITs hard work, and it doesnt give you 1000% in a month, you are more likely to lose your money.

If lag trading was allowed in any retail broker.. You would see it everywhere..

The other huge question is, why has he spammed the net over a measely sum, if he has such a technique, which apparently is allowed at other brokers.... If it worked at another broker, why the heck are you changing? 1worldforex, fxopen, now poltek? Dear lord, and people actually believe you ......

If you were trading properly, had a reliable method, and were making 30-50% a month consistently, and a broker did it to you, I would be crying scam with you.. But thus far, you have little to nothing to complain about.
watching a faster feed from say mbtrading or bloomberg the arbing the mt4 is what you can do. of course brokers know how crappy their system is during news, there are huge discrepancies. the mt4 broker's prices trail, they must converge with something like bloomberg's feed.

there are some small shops that exploits this. but the legal cost to dispute the winnings from reluctant mt4 brokers is a headache.
{Promotion Removed}
  • #69
  • Apr 28, 2008 3:01am Apr 28, 2008 3:01am
How this works is.People put money in then they alter everything so you might lose some then win some etc keeping you just on the verge of possibly putting in more money to cover drawdown etc.Then you start up your own affiliiate website because you need some more money because you keep losing.Then you start getting other people into it and putting in money and the same etc.Eventually when they have enough money they will just close.These are just some guys in there bedroom with some pc's running a pyramid scheme.They have no adress only cell phone contact no company registration no verification at all.They will find any reason to keep your deposit and if you make sudden huge profits as we all can do sometimes they will find some reason to stop you having them.Pyramid scam it is reported all over the internet.None of the trades you do through there server will ever be connected or cleared through any bank or clearing house.
  • #70
  • Jun 6, 2008 3:36pm Jun 6, 2008 3:36pm
Looking at the screenshot posted by Maxey and reading all his posts, its quite obvious that he was trying to exploit the weakness in the broker's quotes/platform. He fits the profile perfectly. So the broker is justified in canceling his trades. Although its broker fault too to not mention this clearly on their website and not correcting the lag on platform.

I think most people in this thread are angry at FXopen mainly because they are not regulated in one of the western countries and their admin's native language is not English. I don't think thats fair.

And its quite premature of Merlin to ban their admin. Perhaps it would have been different if it was one of their sponsors.
  • #71
  • Jun 7, 2008 4:09am Jun 7, 2008 4:09am
i wonder if fxopen is a scam then why somebody open account with them?
  • #72
  • Jun 11, 2008 9:47am Jun 11, 2008 9:47am
Quoting good
Looking at the screenshot posted by Maxey and reading all his posts, its quite obvious that he was trying to exploit the weakness in the broker's quotes/platform. He fits the profile perfectly. So the broker is justified in canceling his trades. Although its broker fault too to not mention this clearly on their website and not correcting the lag on platform.

I think most people in this thread are angry at FXopen mainly because they are not regulated in one of the western countries and their admin's native language is not English. I don't think thats fair.

And its quite premature of Merlin to ban their admin. Perhaps it would have been different if it was one of their sponsors.
"he was trying to exploit the weakness in the broker's quotes/platform?"
So do you think that in this business we all trade at same level?
Do yo think that YOU like a trader , you have access at the same informations that George Soros has?Have you his power on research,his software?
At the end Maxey just use the quotes that these idiots from this bucket shop give to him.He din't go inside the bucket shop with a gun in his hand to buy or sell.
Or if he will loss all the money they will give all back cose "he was trying to exploit the weakness in the broker's quotes/platform?"
Merlin you made a good job to ban this bastard.This is for their admin:Go in jail ,you bastard, if you don't know how to make money from trading.
  • #73
  • Jun 11, 2008 9:53am Jun 11, 2008 9:53am
Quoting MRmojtaba
i wonder if fxopen is a scam then why somebody open account with them?
My man ,what kind of question is this?
If we know to answer to the questions like this ,Earth will be the Eden.
  • #74
  • Jun 11, 2008 10:26am Jun 11, 2008 10:26am
Quoting ILclitoride
My man ,what kind of question is this?
If we know to answer to the questions like this ,Earth will be the Eden.
he he ... this is verey easy question that i give you the answer .

because they dont know anything about this broker ...so there is

one way write anywhere in any forum about scam of this broker as

you can .
  • #75
  • Jun 11, 2008 10:35am Jun 11, 2008 10:35am
From the looks of this thread, i think that FXOpen are definitly a Ponzi Scheme.

Like it was mentioned above. I doubt if any of the trades ever go next or near a clearing house.

I am very new to this forum but have been involved in other styles of trading for many years and Like with all areas of money making, Ponzi scammers will exist. To all who are not familer with a Ponzi Scheme, it is similer to a pyramid Scheme.
  • #76
  • Jun 24, 2008 9:21pm Jun 24, 2008 9:21pm
Well after reading this thread I wouldn't touch FxOpen with a 30ft barge pole. I don't care what sort of trading is done with them, if they don't clearly prohibit it they are a deceptive bunch of weasels.
  • #77
  • Jul 2, 2008 7:57am Jul 2, 2008 7:57am
The problem with fxopen is its a one man show with affiliates.
Thats right one little guy out of a bedroom in Egypt with a cellphone and a laptop.
All the people you see selling it are getting commissions and rebates.No broker operates like this other than registered introducing brokers who have guidelines to follow.
These people aren't registered with anyone.
It has no capital behind it no company its all just a lie.The other problem is a few well known traders from message boards who decided to become scumbags and cash in on this have recommended it.Most likely because they lost all there money trading because they are useless morons.
And people hold weight in there comments and sign up only to find out it is not any type of real broker it almost always either takes peoples money or when they make a profit makes some excuse to cancel the account.
Most people who've used it to trade have ended up burnt.And the ones who say they haven't been are lying and just part of it.
Anyone who would even bother with this ponzi scheme couldn't be a serious trader in the first place.
  • #78
  • Jul 2, 2008 11:49am Jul 2, 2008 11:49am
So true. The ones who are part of this Ponzi scheme and promote it to make money you will find them on HYIP, Autosurf, and Ponzi forums as well as on some of the unethical forex forums recruiting HYIP type investors to open up accounts with them.
  • #79
  • Jul 6, 2008 3:58pm Jul 6, 2008 3:58pm
Quoting DaleC
So true. The ones who are part of this Ponzi scheme and promote it to make money you will find them on HYIP, Autosurf, and Ponzi forums as well as on some of the unethical forex forums recruiting HYIP type investors to open up accounts with them.
I agree with you ..But i just wonder why they have MT4 platform ..
I think Metaquote co.ltd should has stronger rule for sale...
  • #80
  • Jul 7, 2008 8:44pm Jul 7, 2008 8:44pm
http://fxopen.info/
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