FXOpen changed my leverage

I had an account in fxopen once with a $8000 balance and 1:500 leverage

During a trade the leverage suddenly changed to 1:10 giving me a margin call, I still have screenshots somewhere of account opening leverage and end leverage

I thought it might be a mistake, but when it happened on the second account i was dumbstruck

When I asked takisd and jafar [Rebatefx] they both ignored me altogether

I won't be surprised if both Takisd and Jafar [Rebatefx] deny this entirely.

Their reaction itself will be sufficient to tell you the whole story

How come you didn't post this when it happened? How long ago was this? Did they refund you the money lost? If I were you I would post the screenshots if I didn't get a positive result from them. Their behaviour is pure scam, if proven to be true.

This is scary. FXopen is scary.

Someone from fxopen should come on this thread and answer the criticism.

I'd rather see the screenshots to be honest.

Further to that, the only conversation I have had with you is regarding something to do with your IB? I dno, you were too busy giving me a sob story and I stopped paying attention.

Post up the facts, and then you can use my name in your posts.

On top of that, as a trader, 1:10 leverage cut shouldnt cause a margin call. Only the inability to open new positions. So I am not 100% sure what you are getting at here.

If you'd like the string of communication we have had on FF to be posted openly to the public, to show that you have never spoken to me about a leverage cut I will happily post it. Further to this, even if you had spoken to me about this. I can't do anything about it anyway!

Its funny, when things as you know it implode, you start some weird hate regime online. You requested you get your IB back. Which again, I have no authority to do for you, I am just running an IB for people I know / funds I manage with very little promotion.

So I guess another question is, is it FXOpen you are after, or myself? If your beef is with me, thats fine. I couldn't care less. If your beef is with FXOpen, I suggest you email them with copies of said screenshots all details of your 'problem' and post it here. We all can analyse it for you, and come up with whether or not wrong doing was done on anyones part.

A response such as "i dont have to prove anything" I am sure will get this thread deleted by the administration, which as we know already disapprove of threads relating to FXOpen or other brokers not regulated by FSA or NFA..

So its entirely up to you what happens, but words on the internet, just add to the search function of any company. So its better for you if you post up some proof and get things over and done with.

What Forexlion experienced will only happen if the account is not active for certain period. The leverage will be reset.

This is what I had experience myself. Luckily I have an indicator to display my acct info on a chart.

Can always set back to your preferred leverage from the cabinet.

Account inactivity makes your account inactive. Which means its disabled until you request it to come back. Which then its pulled from archives.

I still want to see his screenshot.

If it was from 1:500 to 1:100, during christmas, you should read the public warning to all clients of FXOpen regarding leverage changes. Unfortunately, fxopen couldn't switch all clients leverage back, but clients can do that themselves in the myfxopen page under settings/personal.

I am starting to doubt we will see these screenshots. I will email Twee.

I thought it was only changed at the christmas and new year period but that was a change to 1:100, not 1:10. I just stopped trading then like most with half a brain did

Forexlion is full of poo as far as I am concerned. He does as Takisd says have a history of making outrageous claims followed by an outburst of accusations against others when he fails completely.

Yep very true. The leverage only change to 1:100. All account holder must have received notified email regarding leverage and spread change before christmas. Account inactivity will face the same leverage change. That what I experienced myself.

Guess he just too bored today with nothing else to do rather than opening this topic to make a fool of himself.

Forexlion you are talking nonsense. If you make outrageous claims against a particular broker, then provide proof of your claims, else you are just causing a fuss about nothing.

I have been trading with FXOpen for some time, and from my experience, they have been nothing short of excellent. Great execution, great customer service, just all round great broker.

I advise people here to ignore this guy's claims. Leverage changed to 10:1?!?! You're having a laugh. CFTC doesn't control FXOpen you know!

choose broker from FSA and NFA,then you secured.....because they are truly regulated broker....as for other like instaforex who is not regulated with NFA and FSA,its better to not choose them....for the muslim,find the broker who have islamic account(free swap account)

apparently fxopen will be regulated soon anyway.

Yes, but by who and when? i'm scared to get account closed

Are you referring to this?..

http://www.search.asic.gov.au/cgi-bin/gns030c?acn=143678719&juris=9&hdtext=ACN&srchsrc=1

Australian Securities is safe like fsa?

I'd say more so. Australia got through the recent financial crisis virtually unscathed. Their regulation is very strict.

it will be very nice, but i've one more question.. why australian securities will accept to regulate Fxopen which was refused by others security organizations?

Well if fxopen can manage this, it's a definite decent thing.

The link is to just company registration
AFSL is pending,

http://www.search.asic.gov.au/cgi-bin/gfs010c?origin=flb&licence_no=392733&role_type=FB&cond_sdate=&cond_stime=&rep_no=%20&a7=&a8=&a9=&a10=&a11=&a12=&a13=&start_date=

Why not close the account and switch to another broker.

Eh? Why would he need to close his fxopen account?