Blaming! Dcfxbroker does not pay profit !
- Thread starter Yauheni Vasilevich
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- dcfxbroker.com
Yauheni Vasilevich
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http://prntscr.com/dbjesv I mean, I already asked to indicate who is the provider of liquidity. they answered me that it was classified information. http://prntscr.com/dbjgy3 I ask them again ...
Yauheni Vasilevich
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what do you mean? I did not understand your question formulation
Yauheni Vasilevich
Private
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it is their partner, he defends the company. together they hold seminars, as they have a joint investor account http://prntscr.com/dd3dzv
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Pharaoh
Brigadier General
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Hello Mr. DCFX Broker Person,
Please explain how I can tell if you really have LPs. You say you have LPs, but their names are secret.
From where I sit, a secret LP and no LP look very similar. Is there a way for a client to tell if your claimed LP is real and not just something you made up?
Yauheni Vasilevich
Private
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well, I copy your message and see what they will say
Dcfxbroker Support
Dcfxbroker.com Representative
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Dear Forex Peace Army,
We highly appreciate your work. We have earlier received plenty of useful information from you, this is why we would like to cooperate with you and clarify this blog entry. We will give you an objective description of the facts that have occurred up to date. We will leave it to you how you assess the way we acted with the customer, whether it was correct or not.
Vasilevich Yuaheni opened an account with dcfxbroker on 07/21/2015. He identified himself in compliance with the regulations and he filled up his account from his Skrill account by transferring an amount of USD 1,000.
1 month later he called back the amount of USD 2810 from this account, which we transferred to his private account kept with Alfabank, on 08/21/2015.
The second disbursement was made on 09/10/2015 in the amount of USD 2700.
The third disbursement was made on 11/11/2015 in the amount of USD 3654.
This shows that the customer called home a total of USD 9164 for his investment of USD 1000, which we fulfilled by ways of bank transfer. I also note that at more strictly regulated forex broker companies he could not have done that, as funds can be transferred back only there where the original amount was received from, in this case to Skrill.
In the course of 2015 our Liquidity Provider indicated several times that so-called ”toxic trades” are received from us and requested us to examine these. At that point we did not have enough information to be able to filter these out. However, in the first quarter of 2016 LP refused the recalls until we would eliminate the source of the toxic trades.
Our investigations revealed that a group with Belarusian-Russian background targeted us with 0.1–0.2 second very aggressive trades thus scalping our system. We filtered out these accounts and refused to pay the profit. Then we suspended all the accounts. They may not trade with us any longer and to each single account we transferred back the initially invested amount without the ”profit”, as it is not possible to hedge these trades on the market.
Based on the above our legal position is that the customer traded in an impermissible manner. For this reason, we do not wish to ensure for him a trading platform from now on and we are looking into legal possibilities of suing him for getting back the profit he illegally obtained as described above. Naturally, we are aware that this will be extremely difficult as he lives in Belarus and the European standards are not enforced there.
We are looking forward to your honoured opinion.
DCFXbroker Team
We highly appreciate your work. We have earlier received plenty of useful information from you, this is why we would like to cooperate with you and clarify this blog entry. We will give you an objective description of the facts that have occurred up to date. We will leave it to you how you assess the way we acted with the customer, whether it was correct or not.
Vasilevich Yuaheni opened an account with dcfxbroker on 07/21/2015. He identified himself in compliance with the regulations and he filled up his account from his Skrill account by transferring an amount of USD 1,000.
1 month later he called back the amount of USD 2810 from this account, which we transferred to his private account kept with Alfabank, on 08/21/2015.
The second disbursement was made on 09/10/2015 in the amount of USD 2700.
The third disbursement was made on 11/11/2015 in the amount of USD 3654.
This shows that the customer called home a total of USD 9164 for his investment of USD 1000, which we fulfilled by ways of bank transfer. I also note that at more strictly regulated forex broker companies he could not have done that, as funds can be transferred back only there where the original amount was received from, in this case to Skrill.
In the course of 2015 our Liquidity Provider indicated several times that so-called ”toxic trades” are received from us and requested us to examine these. At that point we did not have enough information to be able to filter these out. However, in the first quarter of 2016 LP refused the recalls until we would eliminate the source of the toxic trades.
Our investigations revealed that a group with Belarusian-Russian background targeted us with 0.1–0.2 second very aggressive trades thus scalping our system. We filtered out these accounts and refused to pay the profit. Then we suspended all the accounts. They may not trade with us any longer and to each single account we transferred back the initially invested amount without the ”profit”, as it is not possible to hedge these trades on the market.
Based on the above our legal position is that the customer traded in an impermissible manner. For this reason, we do not wish to ensure for him a trading platform from now on and we are looking into legal possibilities of suing him for getting back the profit he illegally obtained as described above. Naturally, we are aware that this will be extremely difficult as he lives in Belarus and the European standards are not enforced there.
We are looking forward to your honoured opinion.
DCFXbroker Team
Pharaoh
Brigadier General
- Messages
- 20,308
Let me think . . . nope, things still don't fully add up.
1. The LP still remains secret. How can anyone outside the offices of DCFX be certain that there really is an LP?
2. You get complaints from the LP about toxic trades, but can't figure out who's doing them? Surely the LP could provide exact times, trade sizes, and pairs. That, combined with the claim that trades lasted 0.1-0.2 seconds should have made finding the suspects very simple. Instead, it took an extended investigation?
1. The LP still remains secret. How can anyone outside the offices of DCFX be certain that there really is an LP?
2. You get complaints from the LP about toxic trades, but can't figure out who's doing them? Surely the LP could provide exact times, trade sizes, and pairs. That, combined with the claim that trades lasted 0.1-0.2 seconds should have made finding the suspects very simple. Instead, it took an extended investigation?
Yauheni Vasilevich
Private
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- 31
Where is your company registered? where the head office? who your regulator? who is your liquidity provider? why you have confirmed previous withdrawals?
Previous findings held for two months. You said that they tested your provider of liquidity. Once I got them - then all are satisfied, so that it is not necessary to attribute them to the situation!
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