Amin EL-HAKIM
Master Sergeant
- Messages
- 306
This broker was questionable since day one, and here comes the answer, unless proven otherwise. So I opened an account
with this broker and posed a few questions before booming the account. The following are the questions and answers and
a copy of the email is available in attachments.
To cut the story short, I deposited and started trading to find the execution and spreads amazing. Floating spreads but
very nice. Many trades were around volatility, enduring by that the widened spreads and their execution is a market execution
hence the slippage. Everyone knows that when you're trading with a market execution, you order will be filled or filled, and
you are under the mercy of the market/broker/LP regarding the filling price. Moreover, the slippage was minimum 70% of the
time. I believe my average slippage was around 8 pips. I traded many strategies including after news, technical trades, and
using the famous EA KeltnerPro (KeltnerPro doesn't need my advertising as it's being tested right here on the FPA).
So the account grew and as many of you already know, there were substantial market movement especially on the Euro and Cable
where a 10 lots trade bagged 160 pips in 2 days producing 16k of profit. Anyway, the account jumped over 50k and I noticed
that the leverage was overwhelming (I wasn't using it anyway), so I contacted the in good faith asking them if they were
comfortable that my account had such leverage. In a couple of hours, they answered (attached).
Conclusion: It seems that BDFX considers too much profit account abuse. And their latest reply was offensive and threatening.
Here's a detailed analysis of the account to save time for anyone who wants to analyze the account history, and it shows the risk taken and the drawdowns which proves they are lying in their last reply. Analysis
with this broker and posed a few questions before booming the account. The following are the questions and answers and
a copy of the email is available in attachments.
To cut the story short, I deposited and started trading to find the execution and spreads amazing. Floating spreads but
very nice. Many trades were around volatility, enduring by that the widened spreads and their execution is a market execution
hence the slippage. Everyone knows that when you're trading with a market execution, you order will be filled or filled, and
you are under the mercy of the market/broker/LP regarding the filling price. Moreover, the slippage was minimum 70% of the
time. I believe my average slippage was around 8 pips. I traded many strategies including after news, technical trades, and
using the famous EA KeltnerPro (KeltnerPro doesn't need my advertising as it's being tested right here on the FPA).
So the account grew and as many of you already know, there were substantial market movement especially on the Euro and Cable
where a 10 lots trade bagged 160 pips in 2 days producing 16k of profit. Anyway, the account jumped over 50k and I noticed
that the leverage was overwhelming (I wasn't using it anyway), so I contacted the in good faith asking them if they were
comfortable that my account had such leverage. In a couple of hours, they answered (attached).
Conclusion: It seems that BDFX considers too much profit account abuse. And their latest reply was offensive and threatening.
Here's a detailed analysis of the account to save time for anyone who wants to analyze the account history, and it shows the risk taken and the drawdowns which proves they are lying in their last reply. Analysis
Attachments
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