Unethical behavior by brokers | Forex Factory

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Unethical behavior by brokers

  • Poll

  • Untheical behavioure,by brokers
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  • #1
  • First Post: Edited 10:33pm Aug 12, 2015 10:21pm | Edited 10:33pm
Hi this is a poll and a thread to write unethical behavior from brokers
you can just participate in poll or write it down in thread with broker name if you wish but with more details like your account number and images videos for example .
if you don't have them just participate that's all .
all have a nice day
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  • #2
  • Aug 12, 2015 10:25pm Aug 12, 2015 10:25pm
Hi
Exness refused to open account for me .they just kept asking for more documents .
all have a nice day
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  • #3
  • Aug 12, 2015 10:28pm Aug 12, 2015 10:28pm
Crappy customer service from IC Markets.

But they did have a DAX spread issue that I had to tell them about, they refunded my effected trade.
  • #4
  • Aug 12, 2015 10:30pm Aug 12, 2015 10:30pm
Quoting LuKa12
Crappy customer service from IC Markets. But they did have a DAX spread issue that I had to tell them about, they refunded my effected trade.

Yes they are so crappy I forget to mention them ,they also asked for my ID several time I kept sending it ,I sent my passport they said it was insignificant .
really until now pepper stone service is very good and they really care .
have a nice day sir
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  • #5
  • Aug 12, 2015 11:03pm Aug 12, 2015 11:03pm
anyone using dukascopy? mind reviewing them? im currently with MXTglobal (parent company of vantageFX) i bought their financial report thru ASIC, and honestly im not too pleased with their cs support, neither are they as BIG as they claim to be in terms of funds being held by them.
  • #6
  • Aug 12, 2015 11:12pm Aug 12, 2015 11:12pm
Quoting Bicarus
anyone using dukascopy? mind reviewing them? im currently with MXTglobal (parent company of vantageFX) i bought their financial report thru ASIC, and honestly im not too pleased with their cs support, neither are they as BIG as they claim to be in terms of funds being held by them.
Hi sir
Duka. are good but they have a Russian origin I think and they have some problems in there liquidity (slippage is common with them ).
I advice you to try pepperstone .they have a good customer service and thier owners are well known and community stars .
have a nice day sir
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  • #7
  • Aug 12, 2015 11:24pm Aug 12, 2015 11:24pm
CMC markets - I watched live as a spike in price went down to where all the buy positions SL were. Then price went back up and disappeared off the screen as if it had never happened. They totally denied SL hunting of course. I packed in with them same day. Now I trade with ECN broker.
  • #8
  • Aug 12, 2015 11:25pm Aug 12, 2015 11:25pm
Quoting orabi
{quote} Hi sir Duka. are good but they have a Russian origin I think and they have some problems in there liquidity (slippage is common with them ). I advice you to try pepperstone .they have a good customer service and thier owners are well known and community stars . have a nice day sir
ohh? i thought dukascopy was a swiss bank no? why i am intrested in them is because firstly they are a bank and not a prop shop and secondly the trading account is linked directly to the bank account which i open with them.

did u have any issues with pepperstone's withdrawl thus far?
  • #9
  • Aug 12, 2015 11:29pm Aug 12, 2015 11:29pm
Quoting pharley
CMC markets - I watched live as a spike in price went down to where all the buy positions SL were. Then price went back up and disappeared off the screen as if it had never happened. They totally denied SL hunting of course. I packed in with them same day. Now I trade with ECN broker.
Thank you sir
you really added very good review about cmc . can you tell us more about it how many pips and did you compare it with other brokers and the move was different .
sometimes they hunt stop loss foe many traders at a given time it is all about demand and supply that's why I advice to use mental stop loss and low leverage .
have a nice day sir
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  • #10
  • Aug 12, 2015 11:34pm Aug 12, 2015 11:34pm
Quoting Bicarus
{quote} ohh? i thought dukascopy was a swiss bank no? why i am intrested in them is because firstly they are a bank and not a prop shop and secondly the trading account is linked directly to the bank account which i open with them. did u have any issues with pepperstone's withdrawl thus far?
Hi sir
I did not withdraw yet actually I am not in need for money now.and I hope I will not I don't spend a lot
good luck sir with dukscopy .they don't send money to sudan so they are not my choice .
have a nice day sir
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  • #11
  • Aug 12, 2015 11:36pm Aug 12, 2015 11:36pm
Quoting orabi
{quote} Thank you sir you really added very good review about cmc . can you tell us more about it how many pips and did you compare it with other brokers and the move was different . sometimes they hunt stop loss foe many traders at a given time it is all about demand and supply that's why I advice to use mental stop loss and low leverage . have a nice day sir
Hi Orabi,

I can't remember the exact pips - it was some time ago. But for sure the spike went down around 100 pips before disappearing. I immediately checked 2 other broker platforms - Oanda and FXCM and didn't see any movements the same as that one. In fact my wife was watching the screen with me at the time and asked me what that was! So I know I wasn't seeing things.

Now I don't trade with market makers, just ECN.

Cheers
  • #12
  • Aug 12, 2015 11:40pm Aug 12, 2015 11:40pm
Quoting pharley
CMC markets - I watched live as a spike in price went down to where all the buy positions SL were. Then price went back up and disappeared off the screen as if it had never happened. They totally denied SL hunting of course. I packed in with them same day. Now I trade with ECN broker.
Hmmn...They tell me that they hedge against the trades after trading against the clients so they are supposed to be risk-neutral. Well I guess we know now how much truth is in that. I am SO glad that I never invested with them.
Make your losses in demo. Earn your profits live.
  • #13
  • Aug 12, 2015 11:45pm Aug 12, 2015 11:45pm
Quoting pharley
{quote} Hi Orabi, I can't remember the exact pips - it was some time ago. But for sure the spike went down around 100 pips before disappearing. I immediately checked 2 other broker platforms - Oanda and FXCM and didn't see any movements the same as that one. In fact my wife was watching the screen with me at the time and asked me what that was! So I know I wasn't seeing things. Now I don't trade with market makers, just ECN. Cheers
So they really hunted you down or may be their liquidity providers may be we can not make sure you should have reported it to their regulator .​
to know the truth avoid them better ,yes ECN are good but you should have true ECN and regulation also good luck sir in your trading and wish you the best .
have a nice day sir
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  • #14
  • Aug 12, 2015 11:48pm Aug 12, 2015 11:48pm
Quoting Forexia
{quote} Hmmn...They tell me that they hedge against the trades after trading against the clients so they are supposed to be risk-neutral. Well I guess we know now how much truth is in that. I am SO glad that I never invested with them.

Yes you are right ,don't cry on spoiled milk never ever .
have a nice day sir
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  • #15
  • Aug 12, 2015 11:50pm Aug 12, 2015 11:50pm
I​ wish and hope that all traders will participate please sir/mam/miss even if you are not registered .register and vote it is our hard earned money and it is millions that's why a lot of brokers open every day .we should treat it well or we don't deserve it .
all have a nice day please
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  • #16
  • Last Post: Aug 13, 2015 12:47am Aug 13, 2015 12:47am
Please sir /mam/miss if you know a friend or family member that used to trade forex tell him to come participate .we want to know how things are in this market ,we need numbers statistics to know what we are dealing with just vote if you can not write and wish you all the best
all have a nice day please
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