Recent content by stevetrade

I've already filed a complaint with the Cyprus Ombudsman. I'm still interested in what FPA think of the matter as I feel any unfair behaviour by brokers should be judged and made public to the community. I guess court is in recess at the moment...

Hi FPA guys, What's the current thinking on this one? XM don't seem to want to comment about whether news trading is allowed and they aren't returning funds taken. What's the process now? Best regards Steve

Hi FPA guys, What's the current thinking on this one? XM don't seem to want to comment about whether news trading is allowed and they aren't returning funds taken. What's the process now? Best regards Steve

One of the things that interests me in this response is the line "we identified that most of the orders placed were opened just one second (or even less) prior to the occurrence of a price gap" Now in my understanding of arbitrage trading you have to wait until there is a price gap in order to...

I received my reply from XM, here it is. In addition they sent me an excel spreadsheet ( sample here http://c2n.me/3bCVjJ4.png ), which quite frankly could have been put together in about 5 minutes. I move to have XM officially marked as a scam broker. Best regards Steve "Dear Mr...

Their complaints procedure is 15 business days and I formally lodged my complaint with them on January 12th. So I guess next Monday is the deadline for them to respond to my official complaint. I'll keep you informed if they don't respond here as well. Somewhat disappointing that they don't want...

Hi, I use a news feed and trigger system. The trades in question all occurred at news events with medium to high deviation. Here's a couple of pages of the trade history that is being disputed along with the news release that the trades were triggered on. It's fairly apparent when you cross...

On 8th January 2015 I received the below email from XM. I was not arbitrage trading but using a sophisticated news feed and trigger system to trade news events, something that is completely legal and which my trade history will support. I asked XM to provide proof of their accusations on several...