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Issues with FXOpen

  • #221
  • Oct 26, 2010 8:31am Oct 26, 2010 8:31am
You mention "So the only secure way to go about this, if you do not trust any broker regulated or not, is to park your spare funds in a bank account ("

Ok but that is inconvenient.
I hope with SOnray and other debacles ASIC changes the rules or introduces a National Gurantee type fund!

So in a nutshell. ASIC regulation does not really give any great protection to clients. Same as brokers from less reputable / regulated countries

It cucks
  • #222
  • Oct 26, 2010 9:33am Oct 26, 2010 9:33am
Quoting moksha
You mention "So the only secure way to go about this, if you do not trust any broker regulated or not, is to park your spare funds in a bank account ("

Ok but that is inconvenient.
I hope with SOnray and other debacles ASIC changes the rules or introduces a National Gurantee type fund!

So in a nutshell. ASIC regulation does not really give any great protection to clients. Same as brokers from less reputable / regulated countries

It cucks
So you are saying that 1) sufficient capital reserve (emergency funds) 2) external trust 3) Company P.I insurance....... isn't enough to secure your funds?

Do you want someone to open a private vault for you with only a code that you know in a place only you know with a supernatural gate keeper?

How far must any company bend in order to be truly regulated? Should they just say "here you go have some money"?

Your judgement seems very flawed. What regulator do you prefer? How much more secure than ASIC are they? I bet you they aren't.
  • #223
  • Oct 26, 2010 9:37am Oct 26, 2010 9:37am
Quoting Takisd

Do you want someone to open a private vault for you with only a code that you know in a place only you know with a supernatural gate keeper?
I think he does actually...

  • #224
  • Oct 27, 2010 3:13am Oct 27, 2010 3:13am
Quoting moksha
Hello
You say
ASIC in Australia is another regulatory body that is very tight with...

The reason NOT to open an account with FXOpen scam, go straight to the source and open an account with Duksacopy a regulated BANK with account protection up to 100K
  • #225
  • Oct 27, 2010 3:44am Oct 27, 2010 3:44am
Quoting Cocoflanel
The reason NOT to open an account with FXOpen scam, go straight to the source and open an account with Duksacopy a regulated BANK with account protection up to 100K
Or their white label which is essentially the same. Fxopen.
  • #226
  • Oct 27, 2010 5:52am Oct 27, 2010 5:52am
Quoting Sim
Or their white label which is essentially the same. Fxopen.
Brilliant.
  • #227
  • Oct 27, 2010 11:31am Oct 27, 2010 11:31am
Quoting Cocoflanel
The reason NOT to open an account with FXOpen scam, go straight to the source and open an account with Duksacopy a regulated BANK with account protection up to 100K
Lol, so Dukascopy must be idiots when getting into bed with fxopen "scam", right?
  • #228
  • Oct 28, 2010 1:47am Oct 28, 2010 1:47am
Quoting qwertymyfx
Lol, so Dukascopy must be idiots when getting into bed with fxopen "scam", right?
Since birds of a feather flock together, Dukascopy must also be a scam, otherwise they will not be doing business with FXO knowing that they are a scam.

And this whole bank thing about Dukascopy and the institutional ECN feed etc etc must be all part of one great plan to scam all of us and become multi-multi-billionaires overnight ! And then cover their tracks by saying that it's FXO who scammed and not Dukascopy. So in essence FXO is just a front Company for Dukascopy. Wow these guys are brilliant scam artists.
  • #229
  • Oct 28, 2010 2:20am Oct 28, 2010 2:20am
Quoting rwa
Since birds of a feather flock together, Dukascopy must also be a scam, otherwise they will not be doing business with FXO knowing that they are a scam.

And this whole bank thing about Dukascopy and the institutional ECN feed etc etc must be all part of one great plan to scam all of us and become multi-multi-billionaires overnight ! And then cover their tracks by saying that it's FXO who scammed and not Dukascopy. So in essence FXO is just a front Company for Dukascopy. Wow these guys are brilliant scam artists.
Well obviously these tarts really know jack all about brokerages and forex in general. There's more money in being a decent broker and keeping customers indefinitely than there is in scamming what few customers come to you.

Tried to tell em that in the beginning of the thread, but guess they have infidelity issues
  • #230
  • Oct 29, 2010 1:49am Oct 29, 2010 1:49am
Quoting qwertymyfx
Lol, so Dukascopy must be idiots when getting into bed with fxopen "scam", right?

Where is stated on the website of FXOpen that when you open an ECN account that it is linked to Dukas ?

Do you wire your money to Dukas like you would do if FXOpen was a IB for Dukas ?
  • #231
  • Oct 29, 2010 2:22am Oct 29, 2010 2:22am
Quoting Cocoflanel
Where is stated on the website of FXOpen that when you open an ECN account that it is linked to Dukas ?

Do you wire your money to Dukas like you would do if FXOpen was a IB for Dukas ?
You should probably talk to dukas if you have any doubts. Speculating is only good in the markets.
  • #232
  • Oct 29, 2010 2:49am Oct 29, 2010 2:49am
Quoting Takisd
You should probably talk to dukas if you have any doubts. Speculating is only good in the markets.

Do you wire your money to Dukas if you open an ECN account with FXOPen ?
  • #233
  • Oct 29, 2010 2:53am Oct 29, 2010 2:53am
Quoting Cocoflanel
Do you wire your money to Dukas if you open an ECN account with FXOPen ?
Another display of complete unknowing of how brokers, and specifically, white labels, do indeed work.
  • #234
  • Edited 4:00am Oct 29, 2010 3:43am | Edited 4:00am
Quoting Sim
Another display of complete unknowing of how brokers, and specifically, white labels, do indeed work.

Ok, white labels get the money wired to themselves and introducing brokers get no money wired to themselves

In the case FXOpen was an IB , your money would have the security of being with a regulated bank in Swiss, NOT SO, STAY AWAY from bucketscam FXOpen

There would be no horror stories if FXOpen was just an IB because now FXScam controls when you get filled at what price, what stops they want to run,etc...
  • #235
  • Oct 29, 2010 4:01am Oct 29, 2010 4:01am
wtf is this? i set a stop loss and within minutes of me setting it, it hit my stop loss even though it was no where close to my stop loss. i opened up my previous broker, gomarkets, and did not see the sudden spike. see pic
i have a live account with them. anything i can do?

http://img.photobucket.com/albums/v6...rex/fxopen.jpg
  • #236
  • Oct 29, 2010 4:20am Oct 29, 2010 4:20am
They likely use every typical dirty market ,maker MT4 bucket shop trick in the boook.

Call them and send them what you have posted and you might have a shot.

Personally I have never spoken to them and will never,

These "spikes" are common with MT4 bucket shops, I have experienced them numerous times with different brokers, even on demos.

I would look for a new broker
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #237
  • Oct 29, 2010 5:33am Oct 29, 2010 5:33am
Quoting fc3s
wtf is this? i set a stop loss and within minutes of me setting it, it hit my stop loss even though it was no where close to my stop loss. i opened up my previous broker, gomarkets, and did not see the sudden spike. see pic
i have a live account with them. anything i can do?

http://img.photobucket.com/albums/v6...rex/fxopen.jpg
there is no Gold contracts at fxopen ecn so you are using fxopen market maker and it seems that something like 1 minute charts? dude, don't you think 4 dollars for Gold is nothing? did you contact their dealers with a complaint?
I am quite confident with their ECN account, feed is equal to Dukas and you can alsways compare and the same for order's book.
I don't think anyone will stop hunt your order just write a dealer and post an answer here.
  • #238
  • Oct 29, 2010 5:43am Oct 29, 2010 5:43am
Quoting Cocoflanel
Ok, white labels get the money wired to themselves and introducing brokers get no money wired to themselves

In the case FXOpen was an IB , your money would have the security of being with a regulated bank in Swiss, NOT SO, STAY AWAY from bucketscam FXOpen

There would be no horror stories if FXOpen was just an IB because now FXScam controls when you get filled at what price, what stops they want to run,etc...
As I said talk to dukascopy. You don't appear to have a grasp on what actually is happening behind the scenes.
  • #239
  • Oct 29, 2010 6:48am Oct 29, 2010 6:48am
Quoting fc3s
wtf is this? i set a stop loss and within minutes of me setting it, it hit my stop loss even though it was no where close to my stop loss. i opened up my previous broker, gomarkets, and did not see the sudden spike. see pic
i have a live account with them. anything i can do?

http://img.photobucket.com/albums/v6...rex/fxopen.jpg
Response I got was that there was a feed error. Contact [email protected] and he will organise reimbursement. You need to state your account number and order number to him.
  • #240
  • Oct 29, 2010 12:41pm Oct 29, 2010 12:41pm
Quoting Cocoflanel
Ok, white labels get the money wired to themselves and introducing brokers get no money wired to themselves

In the case FXOpen was an IB , your money would have the security of being with a regulated bank in Swiss, NOT SO, STAY AWAY from bucketscam FXOpen

There would be no horror stories if FXOpen was just an IB because now FXScam controls when you get filled at what price, what stops they want to run,etc...
FXOpen has 3 types of account. Micro, Standard and ECN.

Why people do not understand that there is a difference between them is beyond me.

The above stated in bold letters is true for micro and standard accounts which is why I personally would never use them.

Ecn accounts have a different price feed and that statement is not true for them.
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