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Beware of CAYA

  • #21
  • Mar 22, 2010 11:45pm Mar 22, 2010 11:45pm
Quoting MaXeY
I made 60k profit there... My account got Disabled and my profit not payed

Calling them.. avoiding me.. Very Rude
Lol. Why do you keep getting pain with market makers? Just go on ECN and forget about your troubles.
  • #22
  • Edited Mar 23, 2010 12:10am Mar 22, 2010 11:59pm | Edited Mar 23, 2010 12:10am
Quoting Takisd
if you were trying to execute at a non existing price or (cheating the system) your orders would be corrected.
If the price was not valid then the broker should not have accepted and executed the order in the first place. The broker should have requoted or slipped it. If a broker accepts and executes a trader's order, then logically it should mean that the trade was valid, i.e. the deal was done like in the signing of a contract in which both parties are in agreement. The broker should not later backtrack and change their mind and change history. The broker should not blame the trader for losses that are due to lack of investment in proper system infrastructure/configuration, as that is their own responsibility. A broker who does not honor trades that were already executed (and are therefore valid), canceling traders' profits, is cheating, and should be publicly labeled as a scam broker.
  • #23
  • Mar 23, 2010 2:09am Mar 23, 2010 2:09am
Quoting Hyper
If the price was not valid then the broker should not have accepted and executed the order in the first place. The broker should have requoted or slipped it. If a broker accepts and executes a trader's order, then logically it should mean that the trade was valid, i.e. the deal was done like in the signing of a contract in which both parties are in agreement. The broker should not later backtrack and change their mind and change history. The broker should not blame the trader for losses that are due to lack of investment in proper system infrastructure/configuration,...
It's just market maker behaviour. Sure it's annoying but if the dealer failed to hedge you or you damaged the dealing desk, the MM must disable you and tell you to move on, or as in this case, just erase your deals from history.

The moral of the story is that if you find yourself being treated like this by an MM broker, stop using MM brokers. Quite simple. Use ECN.
  • #24
  • Mar 23, 2010 8:24am Mar 23, 2010 8:24am
Quoting Hyper
If the price was not valid then the broker should not have accepted and executed the order in the first place. The broker should have requoted or slipped it. If a broker accepts and executes a trader's order, then logically it should mean that the trade was valid, i.e. the deal was done like in the signing of a contract in which both parties are in agreement. The broker should not later backtrack and change their mind and change history. The broker should not blame the trader for losses that are due to lack of investment in proper system infrastructure/configuration,...
Good post. And so say all of us ................except some who would disagree with this statement but then again they are probably not real traders and are representing other interests.
  • #25
  • Mar 24, 2010 11:59pm Mar 24, 2010 11:59pm
There's Big difference between lag traders and News traders.
Am already with Ecn and doing money but little coz lev 1:100

try to study news trading and stop your ignorance

Quoting Takisd
He tests to see whether he can get away with lag arbitrage. When he doesn't he spams the internet with scam claims. It appears burgerking does the same thing.

Having 1000 posts and 5v from people who have the same piece of software, isn't a viable factor of knowledge.

I have not seen him contribute anything of value to this or any forum, other than the same old crap.

NZ Financial services law has more regulation than cysec. They are also partially under Australian juristiction.

I highly doubt that a company operating in NZ can do "as it see...
Charting Markets into the Future...MǎҖ€¥.
  • #26
  • Mar 25, 2010 5:02am Mar 25, 2010 5:02am
Quoting MaXeY
There's Big difference between lag traders and News traders.
Am already with Ecn and doing money but little coz lev 1:100

try to study news trading and stop your ignorance
Ill give you 1:500 on ECN if you youd like. Trade well and Ill apologise in public infront of everyone on here..

All you need is $1001 deposit. I will make nothing from these transactions as I have no ECN IB agreement.
  • #27
  • Mar 25, 2010 5:27am Mar 25, 2010 5:27am
Assuming that this is a real offer, please tell me more.
  • #28
  • Mar 25, 2010 5:49am Mar 25, 2010 5:49am
Hyper, the offer was to maxey.

FXOpen ECN runs 1:500 leverage, is pure (i trade there and have traded institutional before).

But deposit has to be over 1000$ for 1:500.

The offer is there for him to prove himself. And I will even ask twee to put it in the news section "Takisd apologises to maxey".

Bet it never happens.
  • #29
  • Last Post: May 2, 2010 9:33am May 2, 2010 9:33am
Hi All,

Good day,

I just want to notify those who don't know about Caya or new to the forex world that Caya Fx is one of the biggest scammers I have heard about.

I have some friends who opened some accounts with good deposit, and since then they've never seen their money after all.

I hope everyone is aware of that.

Best wishes,

Scarface
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