CristianDanF
Recruit
- Messages
- 5
Hi,
Today 2024-07-25 I have had an issue with multiple brokers, because of an insane spread of 190 points in Forex Currency trading GBPUSD a Mayor Currency Pair. Other Mayor Currency Pairs experienced a somewhat higher Spread then usual too, around 20 points, although nothing similar as in GBPUSD, but all summed up forced the margin close out.
In this thread I will complain about FXTRADING.com Pty Ltd at https://fxtrading.com and the forced high spread in multiple Mayor Currency Pairs I experienced with them, that lead to a forced margin close out leaving account at -3.95 EUR from 2785,95 EUR.
See my other complain about EightCap:
https://www.forexpeacearmy.com/comm...-points-forced-account-margin-close-out.83611
These two brokers seem to share their Liquidity provider, as well with PuPrime.com, where it happened the same, although luckily I had more margin. I will be denouncing PuPrime to regulators too although I haven't lost money, because there was a bad behavior in all 3 brokers.
Focusing on FXTRADING.com Pty Ltd, my live account was funded with 1000€ and a two more deposits of 500€ each, and I consider my self to be scammed so I request my full deposit back.
The account type is: Pro Account. It is their best account type, supposed to have almost 0 spread.
See their offering of accounts:
fxtrading.com/en/trading/accounts
I also attach a photo in case they make changes.
I was holding a volume of 1,1 Lot in Sell and 1 Lot in Buy, and at rollover time the chart was showing some movements (10 pips up and down) on GBPUSD, but it was going almost in a straight line, and suddenly in a few seconds I lost aprox. 200€ of free margin forcing the closure of all my positions leaving account at -3.95 EUR. On normal situation it shouldn't have mattered much if it went upwards or downwards, but suddenly both sides where going against me!
They haven't answered yet, I will update this when I get an answer. I say that FXTRADING failed to offer the low spread that they promised, and on top of that, it is an error to keep on justifying what seems to be a normal daily practice on some brokers! Because I have accounts on other brokers with similar free margin / margin level and this insane spread on GBPUSD did not happen on all of them.
The Forex Broker FxTrading should protect it's users from this, and avoid this happening, but instead they make a profit with it!
Please see this:
mql5.com/en/charts/19649848/gbpusd-pro-h1-fxtrading-com-pty-51009154-fxtrading-com-account
I consider that my interests where not protected by the Forex Broker FXTRADING.com Pty Ltd and I even have the suspicion that FxTrading acted against me, so I request my full deposit back.
I am aware that I do a very high risk strategy. I am not complaining about loosing money, I am complaining about the way I lost it.
Today 2024-07-25 I have had an issue with multiple brokers, because of an insane spread of 190 points in Forex Currency trading GBPUSD a Mayor Currency Pair. Other Mayor Currency Pairs experienced a somewhat higher Spread then usual too, around 20 points, although nothing similar as in GBPUSD, but all summed up forced the margin close out.
In this thread I will complain about FXTRADING.com Pty Ltd at https://fxtrading.com and the forced high spread in multiple Mayor Currency Pairs I experienced with them, that lead to a forced margin close out leaving account at -3.95 EUR from 2785,95 EUR.
See my other complain about EightCap:
https://www.forexpeacearmy.com/comm...-points-forced-account-margin-close-out.83611
These two brokers seem to share their Liquidity provider, as well with PuPrime.com, where it happened the same, although luckily I had more margin. I will be denouncing PuPrime to regulators too although I haven't lost money, because there was a bad behavior in all 3 brokers.
Focusing on FXTRADING.com Pty Ltd, my live account was funded with 1000€ and a two more deposits of 500€ each, and I consider my self to be scammed so I request my full deposit back.
The account type is: Pro Account. It is their best account type, supposed to have almost 0 spread.
See their offering of accounts:
fxtrading.com/en/trading/accounts
I also attach a photo in case they make changes.
I was holding a volume of 1,1 Lot in Sell and 1 Lot in Buy, and at rollover time the chart was showing some movements (10 pips up and down) on GBPUSD, but it was going almost in a straight line, and suddenly in a few seconds I lost aprox. 200€ of free margin forcing the closure of all my positions leaving account at -3.95 EUR. On normal situation it shouldn't have mattered much if it went upwards or downwards, but suddenly both sides where going against me!
They haven't answered yet, I will update this when I get an answer. I say that FXTRADING failed to offer the low spread that they promised, and on top of that, it is an error to keep on justifying what seems to be a normal daily practice on some brokers! Because I have accounts on other brokers with similar free margin / margin level and this insane spread on GBPUSD did not happen on all of them.
The Forex Broker FxTrading should protect it's users from this, and avoid this happening, but instead they make a profit with it!
Please see this:
mql5.com/en/charts/19649848/gbpusd-pro-h1-fxtrading-com-pty-51009154-fxtrading-com-account
I consider that my interests where not protected by the Forex Broker FXTRADING.com Pty Ltd and I even have the suspicion that FxTrading acted against me, so I request my full deposit back.
I am aware that I do a very high risk strategy. I am not complaining about loosing money, I am complaining about the way I lost it.
