Broker reverses $20K winning trades for alleged latency arbitrage | Page 10 | Forex Factory

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

  • #181
  • Oct 29, 2014 11:53am Oct 29, 2014 11:53am
Guilty
  • #182
  • Oct 29, 2014 12:02pm Oct 29, 2014 12:02pm
Quoting denwabiz
Guilty
+1

stay away !..
  • #183
  • Oct 29, 2014 12:22pm Oct 29, 2014 12:22pm
Quoting yunben
{quote} Thank you very much! Don. I also noticed Admin of Forexfactory changed the thread title for several times just to relieve the pressure on forex.com until now the title editing period is expired. I know as a retail trader, I may not get the money back easily. But with your fellow traders' support, expose more here and there and more traders get alerted, Forex.com will feel it regretful to rob a trader's fund so rudely. Thank you all! I have referred my complain to FOS. If they cannot solve the problem. I will file a case with FCA and finally...
i think i've been involved on a very serious thread. the tittle are definitely change. i saw your court case on FPA, good things now they you've got their attention. hopely the final result would be the best one for you. good luck. and do us a favor, keep post latest updated about your case, keep us informed.
  • #184
  • Oct 29, 2014 1:33pm Oct 29, 2014 1:33pm
Well...

Jack has been back...doesn't seem like he felt the need to add anything...

Pshhhh....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #185
  • Oct 29, 2014 1:42pm Oct 29, 2014 1:42pm
Quoting Magix
{quote} In case you are without an English to Bullshit translator...let me assist. {quote} Translation: We took his money, and decided that we are not giving it back...because "WE" think it's better that way. {quote} Translation: If the trades are more in favor of the trader and large losses are ize losses? (Because if they can't, then why should the broker be able to do this very thing?) ============================================================ That's about all I got to say about that...but would love to see if Jack has a set of brass ones big...
you are much better than Google translator .
Failure, is a wonderful teacher!
  • #186
  • Oct 29, 2014 1:53pm Oct 29, 2014 1:53pm
Quoting Magix
Well... Jack has been back...doesn't seem like he felt the need to add anything... Pshhhh.... {image}
well spotted,

but thought for a moment, i was up for the chop with Magix
i don't want any trouble lol
  • #187
  • Oct 29, 2014 2:14pm Oct 29, 2014 2:14pm
....so, after reading a few posts in this thread - including post #1, it seems to work like this......

You open an account and put in money, and that is the last you ever see of it?
Corrections to my thought process are most welcome.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #188
  • Oct 29, 2014 2:24pm Oct 29, 2014 2:24pm
Quoting Exodus
....so, after reading a few posts in this thread - including post #1, it seems to work like this...... You open an account and put in money, and that is the last you ever see of it? Corrections to my thought process are most welcome.


No corrections needed. You are absolutely correct.

Inserted Video
  • #189
  • Oct 29, 2014 2:34pm Oct 29, 2014 2:34pm
Quoting Carlsberg
{quote} well spotted, but thought for a moment, i was up for the chop with Magix i don't want any trouble lol
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #190
  • Oct 29, 2014 3:52pm Oct 29, 2014 3:52pm
...trouble is the thread starter broke their terms and conditions re price latency that he signed up to....even if he takes it to the financial ombudsman in Uk it is very likely he will lose....yeh you could spend money on a lawyer and fight it in a higher court but it's a risk - is it a risk with a good chance of a return ? well only he will decide that.

He got caught breaking their rules (it's their playing field and their ball and he signed up to their rules) and he paid the price.

Treat it as cheap lesson not to break bucket shop rules if you want to trade with them, although as others have posted with that a/c size why don't you move away from them - unless of course you rely on the price latency for your start ?

Stop crying about it and move on...

End of.
it's all gone a bit........
  • #191
  • Oct 29, 2014 4:49pm Oct 29, 2014 4:49pm
Quoting petetong
...trouble is the thread starter broke their terms and conditions re price latency that he signed up to....even if he takes it to the financial ombudsman in Uk it is very likely he will lose....yeh you could spend money on a lawyer and fight it in a higher court but it's a risk - is it a risk with a good chance of a return ? well only he will decide that. He got caught breaking their rules (it's their playing field and their ball and he signed up to their rules) and he paid the price. Treat it as cheap lesson not to break bucket shop rules if you...
You are in the wrong business.
  • #192
  • Oct 29, 2014 5:25pm Oct 29, 2014 5:25pm
Quoting Magix
Well... Jack has been back...doesn't seem like he felt the need to add anything... Pshhhh.... {image}
Well, if he's smart enough to figure out invisible mode, I suspect that'll be the last we see of him.
Ghost Rider - WWTBMD?
  • #193
  • Edited 8:31pm Oct 29, 2014 7:24pm | Edited 8:31pm
hmm
  • #194
  • Oct 29, 2014 7:44pm Oct 29, 2014 7:44pm
This should be obvious but a market maker takes the other side of your trade and doesn't match it with a clients or send to liquidity pools. Why would anyone be in the business of market making UNLESS they had extemely horrible traders?

So this is the business they are in? Anyone can trade institutionally, it's not expensive to become incorporated.

I don't see why anyone outside US would use a US retail broker when you have an abundance of true ECN brokers you can work with
Happiness Only Real When Shared
  • #195
  • Oct 29, 2014 8:29pm Oct 29, 2014 8:29pm
Quoting petetong
...trouble is the thread starter broke their terms and conditions re price latency that he signed up to....even if he takes it to the financial ombudsman in Uk it is very likely he will lose....yeh you could spend money on a lawyer and fight it in a higher court but it's a risk - is it a risk with a good chance of a return ? well only he will decide that. He got caught breaking their rules (it's their playing field and their ball and he signed up to their rules) and he paid the price. Treat it as cheap lesson not to break bucket shop rules if you...
If he broke their terms and conditions then they should cancel his winnings AND his losses. That is fair. I ask you, whats the bet if he broke their rules but lost, this would not be a problem?
  • #196
  • Oct 29, 2014 8:49pm Oct 29, 2014 8:49pm
Quoting petetong
...trouble is the thread starter broke their terms and conditions re price latency that he signed up to....even if he takes it to the financial ombudsman in Uk it is very likely he will lose....yeh you could spend money on a lawyer and fight it in a higher court but it's a risk - is it a risk with a good chance of a return ? well only he will decide that. He got caught breaking their rules (it's their playing field and their ball and he signed up to their rules) and he paid the price. Treat it as cheap lesson not to break bucket shop rules if you...
For your information we dont live in 3rd world. If we all think like you we will be living in mafia world. There are those who will fight opression and lies and there are those who will be live cow than dead hero.
  • #197
  • Oct 29, 2014 9:06pm Oct 29, 2014 9:06pm
Yunben...
If this a race ... you're leading
Be strong n' smart

Fellow traders..
Becareful guyss

Jack Morris/ Forex.com,
110905**, remember me now?
i worshipped... Momentum
  • #198
  • Oct 29, 2014 10:00pm Oct 29, 2014 10:00pm
Quoting Magix
Well... Jack has been back...doesn't seem like he felt the need to add anything... Pshhhh.... {image}
Good Work Magix.
What do these scum bags think? We traders are fools?
Well they don't seem to understand the benefits of forums . We (traders/viewers/posters)may not know each other however we will oppose any wrong doing.
Striving to Develop & Implement Innovative Ideas
  • #199
  • Oct 29, 2014 10:02pm Oct 29, 2014 10:02pm
i just want to bump this thread to the front page.


Forex.com must pay yunben.
When you lose, I'm the loudest who laugh at your face )
  • #200
  • Oct 29, 2014 10:06pm Oct 29, 2014 10:06pm
Quoting petetong
...trouble is the thread starter broke their terms and conditions re price latency that he signed up to....even if he takes it to the financial ombudsman in Uk it is very likely he will lose....yeh you could spend money on a lawyer and fight it in a higher court but it's a risk - is it a risk with a good chance of a return ? well only he will decide that. He got caught breaking their rules (it's their playing field and their ball and he signed up to their rules) and he paid the price. Treat it as cheap lesson not to break bucket shop rules if you...
Are you trying to curtail his fundamental right to Freedom of Speech??
You definitely seem to be from the broker family with connections to forex.com
Jack (Forex.com executive) has vanished from this thread and has left you in his place.
Striving to Develop & Implement Innovative Ideas
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