Broker reverses $20K winning trades for alleged latency arbitrage | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Have your ever heard about latency arbitrage? 137 replies

High speed traders - a history of latency arbitrage since 1790 1 reply

Latency Arbitrage in Metatrader 0 replies

broker latency studies 0 replies

Broker Server Latency 0 replies

Attachments: Broker reverses $20K winning trades for alleged latency arbitrage
Exit Attachments

Broker reverses $20K winning trades for alleged latency arbitrage

  • #161
  • Oct 29, 2014 5:31am Oct 29, 2014 5:31am
Quoting yunben
Why admin here try to modify the thread title again and again? I tell the truth no matter what it was. Fellow traders need to be alerted.
....because the Factory ain't what it used to be. Good luck with hassle.

There are other brokers out there who will let you keep your money, as always it is trial and error. Commiserations
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #162
  • Oct 29, 2014 5:37am Oct 29, 2014 5:37am
Attached Image
Ghost Rider - WWTBMD?
  • #163
  • Oct 29, 2014 5:43am Oct 29, 2014 5:43am
I am using FF for quite a long time but i never participate on any discussion and it would probably my first comment. But after seeing that case i can,t stop myself to comment! I just have only one feeling in my mind. " If they scammed him that time. That next time could be i or any one from you"

I would agree with his point no 3 and 4. And that is if their servers go wrong then why not they notified all other clients via press release

Those f****** bucket shops should be GROW UP now and and take that into their mind that this way of scamming is OLD now!


Just ask yourself when broker is managing all servers,technology,prices and has complete hold over them including over accounts! Then how can a trader took advantage of it when he/she has no hold over it!

In case if their severs are not working correctly they should STOP every one from Trading. Not waiting for client winnings or losses and then use winnings for their own advantage


I would suggest yunbun to not give up until you got all of your hard earned money back! and for other FF respected members we should support him because their other prey could be one from us! If they still not give your money then open a blog and hire an SEO expert so that everyone types "forex.com" on Search engines would see your case Before they even look at that Bucked shop


My support is with you becuase you are on right side
learn to beatfxmarket!
  • #164
  • Oct 29, 2014 6:03am Oct 29, 2014 6:03am
Quoting albchr
{image}
...they missed the part where it is a 'deposit only' account
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #165
  • Oct 29, 2014 6:11am Oct 29, 2014 6:11am
Does anyone know if this is a one off or has anyone else experienced it??
  • #166
  • Oct 29, 2014 6:24am Oct 29, 2014 6:24am
Quoting heldav
I have visited this site for a few years as a guest, today I have joined as I feel I must add to this thread. I have had terrible experiences with this broker. The worst experience however was when my trading partner died unexpectedly. I had access to his account (and he to mine) but it was several days following his death that I could get into his account - because of this losing positions had worsened and there was only a few hundred pounds left in the account. His solicitor contacted them to close the account in the normal manner - but forex.com...
This is an issue with all bucket shop brokers which regulators need to address.
God knows when we will see regulators actually standing up to help retail traders.
Striving to Develop & Implement Innovative Ideas
  • #167
  • Oct 29, 2014 6:25am Oct 29, 2014 6:25am
Quoting stewrigh
Does anyone know if this is a one off or has anyone else experienced it??
Look HERE, almost all the reviews paint the same picture, unable to withdraw funds due to them giving some bullshit excuse, etc.
  • #168
  • Oct 29, 2014 6:33am Oct 29, 2014 6:33am
Quoting GDR3k
{quote} Look HERE, almost all the reviews paint the same picture, unable to withdraw funds due to them giving some bullshit excuse, etc.

wow this is terrible..i hope nobody has had this issue with alpari..
how can the regulator still allow this to happen..this is very concerning!!
  • #169
  • Oct 29, 2014 7:27am Oct 29, 2014 7:27am
tear the face of all scam broker.
  • #170
  • Oct 29, 2014 7:38am Oct 29, 2014 7:38am
Quoting sathudx
tear the face of all scam broker.
All traders must be united in this fight for justice, United we stand , divided we fall.
Suggestion : We all can play a part in this fight by posting on this thread and also providing links to this thread in our individual threads and also spread word about this in all forums and discussion sites.
Striving to Develop & Implement Innovative Ideas
  • #171
  • Oct 29, 2014 7:39am Oct 29, 2014 7:39am
Grubs. Good luck with this, cancelling the winners and not the losers is pure scam material.
  • #172
  • Oct 29, 2014 8:33am Oct 29, 2014 8:33am
hi Yun Ben, I highly recommend you should bring this case to the court, and report to Nfa,Fca... Forex.com should be fined some millions dollars just like fxcm a few months ago. I think Nfa,Fca should take back their certificates from it. You don't have to explain to anyone in this forum, just take this case to the court and take your money back.
I look forward to hearing from you.
  • #173
  • Oct 29, 2014 9:38am Oct 29, 2014 9:38am
Latency arbitrage. That's hilarious, truly. Laughable.


Forex.com is one of the top 5 retail brokers and have market cap of $250 million. They aren't big but aren't that small.
I've actually made $1000+ trading GCAP recently. I wouldn't hold it long term despite the 3% yield.

In the past I used Forex.com but you can't close partial orders using limits and stops, you must use SL and TP.



Please file a lawsuit
Let us know how it goes.
Happiness Only Real When Shared
  • #174
  • Oct 29, 2014 9:52am Oct 29, 2014 9:52am
Quoting goldfinger
{quote} us your should be the reply
Uh?
  • #175
  • Oct 29, 2014 9:54am Oct 29, 2014 9:54am
Quoting GDR3k
{quote} Look HERE, almost all the reviews paint the same picture, unable to withdraw funds due to them giving some bullshit excuse, etc.
Thanks G
  • #176
  • Oct 29, 2014 10:09am Oct 29, 2014 10:09am
Quoting stewrigh
Does anyone know if this is a one off or has anyone else experienced it??
allegedly IG have a quite similar tactic
once you win past 3 times your initial deposit, then strangely everything starts to go wrong for the trader

i say take the money and run and move on, as life is too short to waste too much time on some things
but its also good to see people are prepared to stand up to these Brokers,
so with a bit of luck should at least have the loss trade refunded, as taking back for the wins and not refunding for the loss when both are allegedly due a technical error is pure scam and possibly illegal
  • #177
  • Oct 29, 2014 10:35am Oct 29, 2014 10:35am
Quoting Carlsberg
{quote} allegedly IG have a quite similar tactic once you win past 3 times your initial deposit, then strangely everything starts to go wrong for the trader i say take the money and run and move on, as life is too short to waste too much time on some things but its also good to see people are prepared to stand up to these Brokers, so with a bit of luck should at least have the loss trade refunded, as taking back for the wins and not refunding for the loss when both are allegedly due a technical error is pure scam and possibly illegal
Have you got any examples of IG doing that? I'm with them and had no probs so far
  • #178
  • Oct 29, 2014 10:48am Oct 29, 2014 10:48am
Perhaps another place for a few comments?

http://www.forexfactory.com/news.php?do=news&id=510858
Ghost Rider - WWTBMD?
  • #179
  • Oct 29, 2014 11:35am Oct 29, 2014 11:35am
Quoting stewrigh
{quote} Have you got any examples of IG doing that? I'm with them and had no probs so far
the info came from someone who allegedly works or worked for IG
Google "IG index are cheats" (allegedly)

a few others have also said the same about IG and having no problems
so maybe its also for high rollers and then when they go over a certain amount,
as obviously a brokerage can only pay out so much a yr or will no longer exist

Forex.coms limit looks like its possibly around 200k and then their servers may go into melt down, (allegedly)
  • #180
  • Oct 29, 2014 11:52am Oct 29, 2014 11:52am
I might sound stupid but I would like to add a idea...Why dont you start your own Brokerage Company.If you like to play whit high amount of money then it should be worth it.Just saying...I dont know if you need to have clients or you can just trade your own money and you could join whit a couple of friends so that you own it together but trade separately...as I said its just a tought but if I hit the round number then Im gonna try to make this happen...
Too Much Is Never Enough
0 traders viewing now