victoryforex
Private
- Messages
- 13
I got an email from Vantagefx suspending trading in my account. They allege that my trading is "suspicious and in particular exploiting internet & connectivity delays in order to take advantage of arbitrage on the Trading Systems.".
My DEPOSIT AND PROFITS ARE frozen for up to 90 days.
This is the article to which they refer:
"20.5 Internet, connectivity delays, and price feed errors sometimes create a situation where the price displayed on the Trading Systems do not accurately reflect the market rates. The concept of arbitrage and “scalping”, or taking advantage of these internet delays, cannot exist in an over-the-counter market where the client is buying or selling directly from the market maker. Vantage FX UK do not permit the practice of arbitrage on the Trading Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. Vantage FX UK reserves the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at Vantage FX UK’s sole discretion be subject to Vantage FX UK ’s intervention and Vantage FX UK’s approval of any Orders. Any dispute arising from such quoting or execution errors will be resolved by Vantage FX UK in their sole and absolute discretion".
1) I'm a news trader (I use an autoclick similar to the one availble con fpa).
2) As I know they should investigate max after 24h from sending the statemen, they cannot do that after 1 month, do you confirm?
3) Can they refuse to send my deposit back but continuig to investigate on profits? They refuse to send my deposit back (I've all chat proofs).
4) Can they hold money for 90 days?
5) Can they avoid answer to my many emails? ( I receive an answer only in chat now but they say they want to talk on phone so there won't be any proofs anymore).
6) Can they send me a contract that I've to sign where I accept to delete all profits (because in their thought it's arbitrage) so that I receive my deposit back?
Finally I attach a part of the chat:
you: now send my deposit back, and continue to investigate about profits, but if you keep the deposit this is going to be pubblic.
you: to fsa to fpa and to all other pubblic places.
Jay: there is no point in this dicussion as there is little further i can help you with
you: jay the deposit has to be sent back to my banka ccount, if you keep even the deposit you'r making an ILLEGAL THING.
you: you'r saying that you won't return my deposit back?
Jay: i have not said that at all
you: ok so send me the deposit bacl.
you: back.
Jay: I have sent you an email
Jay: thank you for your time
Chat InformationChat session has been terminated by the site operator.
The email he is talking about is a contract where I've to accept to delete all my profits!
THIS IS VANTAGE.
My DEPOSIT AND PROFITS ARE frozen for up to 90 days.
This is the article to which they refer:
"20.5 Internet, connectivity delays, and price feed errors sometimes create a situation where the price displayed on the Trading Systems do not accurately reflect the market rates. The concept of arbitrage and “scalping”, or taking advantage of these internet delays, cannot exist in an over-the-counter market where the client is buying or selling directly from the market maker. Vantage FX UK do not permit the practice of arbitrage on the Trading Systems. Transactions that rely on price latency arbitrage opportunities may be revoked. Vantage FX UK reserves the right to make the necessary corrections or adjustments on the Account involved. Accounts that rely on arbitrage strategies may at Vantage FX UK’s sole discretion be subject to Vantage FX UK ’s intervention and Vantage FX UK’s approval of any Orders. Any dispute arising from such quoting or execution errors will be resolved by Vantage FX UK in their sole and absolute discretion".
1) I'm a news trader (I use an autoclick similar to the one availble con fpa).
2) As I know they should investigate max after 24h from sending the statemen, they cannot do that after 1 month, do you confirm?
3) Can they refuse to send my deposit back but continuig to investigate on profits? They refuse to send my deposit back (I've all chat proofs).
4) Can they hold money for 90 days?
5) Can they avoid answer to my many emails? ( I receive an answer only in chat now but they say they want to talk on phone so there won't be any proofs anymore).
6) Can they send me a contract that I've to sign where I accept to delete all profits (because in their thought it's arbitrage) so that I receive my deposit back?
Finally I attach a part of the chat:
you: now send my deposit back, and continue to investigate about profits, but if you keep the deposit this is going to be pubblic.
you: to fsa to fpa and to all other pubblic places.
Jay: there is no point in this dicussion as there is little further i can help you with
you: jay the deposit has to be sent back to my banka ccount, if you keep even the deposit you'r making an ILLEGAL THING.
you: you'r saying that you won't return my deposit back?
Jay: i have not said that at all
you: ok so send me the deposit bacl.
you: back.
Jay: I have sent you an email
Jay: thank you for your time
Chat InformationChat session has been terminated by the site operator.
The email he is talking about is a contract where I've to accept to delete all my profits!
THIS IS VANTAGE.