hello there.
i've been trading news for awhile and am really sick of some brokers replies when u argue them when u suspect of scamming actions...
anyway the case is :
i wanted to straddle trading the news event of GBP/official bank rate due to July, 4 11:00 GMT with yadix.
so i filled my 2 pending orders 10-20 seconds prior event release time, usually am using 10 pips away from current price...
so the difference between pending buy-stop n sell-stop is 20 pips + spread!
i also use 10 pips to set my sl.
i was risking around 12.5% per each pending (too high but i was testing this broker)...
so i was expecting in the worst case scenario if my both pending had triggered n hit the sl i will lose 25% of my account..
now... what happened, as per attached..
1. u will see my entry price slipped for 15 pips for both pending orders, based on sl appeared on the platform.
2. exit price slipped for 40 pips for both pending orders, based on sl n exit price difference.
so basically i got over 65 pips slipped, more than 30 pips in each pending order!
that resulted my loss to move from max 25%.. to 115% loss...
yes i lost more than 100% of my account... ... my account is negative now there... maybe i should pay for them to let my account reach zero .... isnt that funny!!
i contacted them... they keep saying stuff about high risk .. high volatility.. slippage may happened... positive or negative... - with such broker u will never see anything positive- anyway... all news trader aware of that...
but 65 slippage is to huge.... specially when a broker claim he is using multi liquidity providers - i guess they mentioned around 10 LP's they r using-
and i was watching the price action with different broker... nobody has that gap at that time, except him!
another issue .. while i was discussing the issue with their support team... one of their staff.. told me the spread went to 40 pips at certain stage... am not sure if he mentioned that intentionally ... but i admit i couldnt see that size of spread while mentoring the trade... who knows maybe they doing yo-yo spread too!!
so i want to hear an expert opinion in this case ... if u recommend me i will continue and open a case in the court... btw i was telling him am gonna invite a third party to check his opinion in that issue, i donno why yadix stuff considered that as a threaten... maybe when u do smthing wrong u will see everything as a threat!!!
anyway guys, i appreciate that time that u will spend by reviewing my case.
i really trust u, n i wanna hear ur opinion...
many thanks...
i've been trading news for awhile and am really sick of some brokers replies when u argue them when u suspect of scamming actions...
anyway the case is :
i wanted to straddle trading the news event of GBP/official bank rate due to July, 4 11:00 GMT with yadix.
so i filled my 2 pending orders 10-20 seconds prior event release time, usually am using 10 pips away from current price...
so the difference between pending buy-stop n sell-stop is 20 pips + spread!
i also use 10 pips to set my sl.
i was risking around 12.5% per each pending (too high but i was testing this broker)...
so i was expecting in the worst case scenario if my both pending had triggered n hit the sl i will lose 25% of my account..
now... what happened, as per attached..
1. u will see my entry price slipped for 15 pips for both pending orders, based on sl appeared on the platform.
2. exit price slipped for 40 pips for both pending orders, based on sl n exit price difference.
so basically i got over 65 pips slipped, more than 30 pips in each pending order!
that resulted my loss to move from max 25%.. to 115% loss...
yes i lost more than 100% of my account... ... my account is negative now there... maybe i should pay for them to let my account reach zero .... isnt that funny!!
i contacted them... they keep saying stuff about high risk .. high volatility.. slippage may happened... positive or negative... - with such broker u will never see anything positive- anyway... all news trader aware of that...
but 65 slippage is to huge.... specially when a broker claim he is using multi liquidity providers - i guess they mentioned around 10 LP's they r using-
and i was watching the price action with different broker... nobody has that gap at that time, except him!
another issue .. while i was discussing the issue with their support team... one of their staff.. told me the spread went to 40 pips at certain stage... am not sure if he mentioned that intentionally ... but i admit i couldnt see that size of spread while mentoring the trade... who knows maybe they doing yo-yo spread too!!
so i want to hear an expert opinion in this case ... if u recommend me i will continue and open a case in the court... btw i was telling him am gonna invite a third party to check his opinion in that issue, i donno why yadix stuff considered that as a threaten... maybe when u do smthing wrong u will see everything as a threat!!!
anyway guys, i appreciate that time that u will spend by reviewing my case.
i really trust u, n i wanna hear ur opinion...
many thanks...