marvin886
Recruit
- Messages
- 3
Hi fellow traders,
I would like to report that OXsecurities are bucketshop scammers. They have a 100% B-booked model and it seems that they have been operating in such a manner all the way back since 2013 robbing off unsuspected traders of their hard-earned profits when they became too profitable. I only had 1 year plus of trading in the forex market and I managed to flip $190 to $180K in a period of around 6 months plus and thats when they are unhappy about it and decided to kick me out of their business by accusing me arbitrage and breaching their client agreement.
I have all the evidence below where it states that I deposited a total amount of $1510.69 on account number 7006926. I have failed to make any profit during these period of time and I believe OXsecurities have no issue with it, happily taking my money. I have only managed to make a withdrawal of $6.14 before blowing my account, I have then decided to create a new account with OXsecurities, account number is 7008716 and made a deposit of $190. I have then managed to flip $190 to over $100k by betting with big lots on the fact that Gold will shoot up due to the conflict in the middle east and after a few more weeks and months I have then managed to compound my profits with bigger lot sizes to an amount of $180k as shown on 2023.11.09.
This is when OXsecurities is not happy about it and just throw me an email stating that I have breached their client agreement. They claimed that they are STP/NDD broker on their website and not a market maker. But this shows that they only managed to survive by cheating clients of their profits when they become too profitable. Refusal to give out the accmulated profits or a portion of it after 6 months of trading is deplorable at best. They have no honesty, no integrity and no transparency in how their business operates.
If they claimed that I have broke the rules by using arbitrage why is it that they only decided to kick me out after I have accumulated a profits of $180k? And some of my trades were held for days and weeks so how is that abitrage trading? I think the most logical reason is that they were betting against me trades hoping that I will lose all my money and when they didn't expect that I will be making more profits the easier way is to kick me out by accusing me rather than paying from their own pockets.
I have tried to asked/negotiate for a portion of my profits or offer me any form of compensation to settle this issue amicably but it seems that they want to take every single penny. A quick search on trustpilot shows that this is not an isolated case and there were at least 3 or 4 traders who got their profits canceled for no apparent reason other than being too profitable. I wonder how is the director Ben Malone able to sleep peacefully at night by scamming traders and operating his business in such a pathetic and shaddy manner. And if there is heaven of hell in the afterlife, I strongly hope that he ends up in hell to get the karma he deserves. To anyone who is thinking of trading with them I suggest that you would rather spend your money, time and energy with other brokers other than this one. I am from Singapore and I hope no Singaporeans will want to trade with them after reading my review.
Attached below is all the evidence.
Marvin
I would like to report that OXsecurities are bucketshop scammers. They have a 100% B-booked model and it seems that they have been operating in such a manner all the way back since 2013 robbing off unsuspected traders of their hard-earned profits when they became too profitable. I only had 1 year plus of trading in the forex market and I managed to flip $190 to $180K in a period of around 6 months plus and thats when they are unhappy about it and decided to kick me out of their business by accusing me arbitrage and breaching their client agreement.
I have all the evidence below where it states that I deposited a total amount of $1510.69 on account number 7006926. I have failed to make any profit during these period of time and I believe OXsecurities have no issue with it, happily taking my money. I have only managed to make a withdrawal of $6.14 before blowing my account, I have then decided to create a new account with OXsecurities, account number is 7008716 and made a deposit of $190. I have then managed to flip $190 to over $100k by betting with big lots on the fact that Gold will shoot up due to the conflict in the middle east and after a few more weeks and months I have then managed to compound my profits with bigger lot sizes to an amount of $180k as shown on 2023.11.09.
This is when OXsecurities is not happy about it and just throw me an email stating that I have breached their client agreement. They claimed that they are STP/NDD broker on their website and not a market maker. But this shows that they only managed to survive by cheating clients of their profits when they become too profitable. Refusal to give out the accmulated profits or a portion of it after 6 months of trading is deplorable at best. They have no honesty, no integrity and no transparency in how their business operates.
If they claimed that I have broke the rules by using arbitrage why is it that they only decided to kick me out after I have accumulated a profits of $180k? And some of my trades were held for days and weeks so how is that abitrage trading? I think the most logical reason is that they were betting against me trades hoping that I will lose all my money and when they didn't expect that I will be making more profits the easier way is to kick me out by accusing me rather than paying from their own pockets.
I have tried to asked/negotiate for a portion of my profits or offer me any form of compensation to settle this issue amicably but it seems that they want to take every single penny. A quick search on trustpilot shows that this is not an isolated case and there were at least 3 or 4 traders who got their profits canceled for no apparent reason other than being too profitable. I wonder how is the director Ben Malone able to sleep peacefully at night by scamming traders and operating his business in such a pathetic and shaddy manner. And if there is heaven of hell in the afterlife, I strongly hope that he ends up in hell to get the karma he deserves. To anyone who is thinking of trading with them I suggest that you would rather spend your money, time and energy with other brokers other than this one. I am from Singapore and I hope no Singaporeans will want to trade with them after reading my review.
Attached below is all the evidence.
Marvin
