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[Jecklom]

I created an account with Onetrade on the 15th August, 2016 and started demo trading with their MT4 platform immediately. Below are some strange occurrence I took note of:
1. Onetrade margin calculation is higher than expected based on the leverage of 100:1 when compared to other brokers with same leverage.
2. Onetrade technically closed two of my well placed GBPNZD trades of 1 standard lot each on a sell at 2016.08.22 21:59:45 Onetrade Platform date and time. The following are the details of the said trades:
Order Time Type Size Symbol Price S/L T/P Time Price Swap Profit
1447559 2016.08.22 19:11:40 Sell 1.00 GBPNZD 1.80550 1.81050 1.78550 2016.08.22 21:59:45 1.81050 0.00 -363.56
1447560 2016.08.22 19:11:43 Sell 1.00 GBPNZD 1.80556 1.81056 1.78550 2016.08.22 21:59:45 1.81056 0.00 -363.56
On noticing the above, I immediately ran through my trades on another Broker's Platform but noticed that the GBPNZD I placed about the same entry time and price were still opened and working in my favour. A closer look at the 15 min timeframe candlestick shows a horrible distortion on Onetrade MT4 Chart, while the same view on two other Brokers of mine shows a complete 15 min timeframe candlesticks. The most surprising part was how my stops on Onetrade was picked without a visible candlestick trace above my entry point. This truly calls for integrity check on Onetrade as a Broker! I do perceive there is a likelihood of some kind of trade manipulation base on my experience with Onetrade MT4 Platform. Not a good experience by and large!

 

[Jecklom]

Kindly find attached herewith the supporting screen-shots to my post.