caspermhlo
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- 20
This is a scam broker. This is what they do
1. They manipulate prices against the clients position, they did this to me about 100 pips in few seconds every time i placed a trade
2. They start trades on the clients account without clients knowing and hope to blow the client account. They did this whilst my MT4 was not even running.
3. They don't allow your withdrawal. If you fight them hard enough they end up giving you whatever they want instead of what You requested in your withdrawal request. In my case I had $1240 in the account and requested $668 withdrwal. They refused to give it to me. At last they gave me $224. They said they were trying to break even.
They admit doing all this saying that they are trying to get even in terms of their business. So they have to do all this so that they make some money of the clients account, so they say. What they do they pretend to be helping the client by giving in to clients requests about spreads and all that. In my case they gave me a 0.9 spread on EURUSD. Their hope is that you will loose your deposit anyway. But when you trade well and make money then they start pulling all these stunts against your trades. One particular Tuesday they were fighting my account very hard. I would enter into the trade, then immediate their price feed would go in opposite direction to my trade about 102 pips in very few seconds. I would check other price feeds from other brokers and there would be none of such price movement. Only their platform would show those false spikes. I would enter the trade again and the same thing would happen, they will manipulate the price to move against my position trying to wipe out my account. The last stunt they pulled was to enter the trade in my absence. I had shutdown my MT4 and went to bed. 12hrs later I woke up and went to start my MT4 platform. When it started I checked that it was disabled and I asked them why, they said I had placed 1 trade that went against me in few minutes and wiped my account. My Balance before this trade was $1025 and this trade was a GBPUSd for 1 lot. It took out $1027 if few seconds. I would have never traded a 1 lot with a $1025 balance. My EA was not even programmed to trade 1 lot, my EA was set to trade 0.04 lot. The EA could not just simply decide to place the 1 lot trade. My EA does not use Martingale. Even worse the MT4 platform was not even running, thus there was no way the EA could place that trade.
The long and short of it is that Alpha Trading CM is the biggest scam broker ever. They operate like FXCH, they pull the same tricks. But I think FXCH is better because they don't give you fuss about your money and withdrawals. Alpha Trading CM is a nightmare if you want your money back. Stay away from this broker.
1. They manipulate prices against the clients position, they did this to me about 100 pips in few seconds every time i placed a trade
2. They start trades on the clients account without clients knowing and hope to blow the client account. They did this whilst my MT4 was not even running.
3. They don't allow your withdrawal. If you fight them hard enough they end up giving you whatever they want instead of what You requested in your withdrawal request. In my case I had $1240 in the account and requested $668 withdrwal. They refused to give it to me. At last they gave me $224. They said they were trying to break even.
They admit doing all this saying that they are trying to get even in terms of their business. So they have to do all this so that they make some money of the clients account, so they say. What they do they pretend to be helping the client by giving in to clients requests about spreads and all that. In my case they gave me a 0.9 spread on EURUSD. Their hope is that you will loose your deposit anyway. But when you trade well and make money then they start pulling all these stunts against your trades. One particular Tuesday they were fighting my account very hard. I would enter into the trade, then immediate their price feed would go in opposite direction to my trade about 102 pips in very few seconds. I would check other price feeds from other brokers and there would be none of such price movement. Only their platform would show those false spikes. I would enter the trade again and the same thing would happen, they will manipulate the price to move against my position trying to wipe out my account. The last stunt they pulled was to enter the trade in my absence. I had shutdown my MT4 and went to bed. 12hrs later I woke up and went to start my MT4 platform. When it started I checked that it was disabled and I asked them why, they said I had placed 1 trade that went against me in few minutes and wiped my account. My Balance before this trade was $1025 and this trade was a GBPUSd for 1 lot. It took out $1027 if few seconds. I would have never traded a 1 lot with a $1025 balance. My EA was not even programmed to trade 1 lot, my EA was set to trade 0.04 lot. The EA could not just simply decide to place the 1 lot trade. My EA does not use Martingale. Even worse the MT4 platform was not even running, thus there was no way the EA could place that trade.
The long and short of it is that Alpha Trading CM is the biggest scam broker ever. They operate like FXCH, they pull the same tricks. But I think FXCH is better because they don't give you fuss about your money and withdrawals. Alpha Trading CM is a nightmare if you want your money back. Stay away from this broker.
