Armadamarkets SCAM - execution issues

[tobeone]

Andrew, It's your 8th time now trying to mislead readers.

ALL THE HIGH AND LOWS HAVE TO BE PRINTED ON THE CHART AS CONFIRMED BY 2 INDEPENDENT SOURCES.
In a great consent of what you just quoted, SUCDEN stated in plain english that private and institutional clients have same prices streamed through by 15 tier 1 banks. There is no difference between SUCDEN's institutional prices and SUCDEN's retail prices.
The Forex prices on the SMART Demo are in fact live so the Demo will give you a great feeling for how the Live Platform performs, these prices are streamed through by 15 tier 1 banks. There is no difference in the prices avaiable for institutional or Private Retail Clients.
You can double-check yourself any of these proofs, they are perfectly verifiable for everyone.

I still not see any explanation from you regarding this error. Can you finally show it to us?

SUCDEN's BID/ASK price: SUCDEN's EMAIL:
EXPLANATION VIDEO: [video=youtube;PzxG8qekEfA]https://www.youtube.com/watch?v=PzxG8qekEfA[/video]

 

[alladir]

I'll say it again. You used a classic account. That means the bid and ask price are NOT the same as those offered by the liquidity provider. They are arbitrarily set by Armada.
From MT4 we can find the bid prices (we hope it's right).... we DON'T know the ask price. And without tick data, we can't know.
Keep posting more and more sucden charts and we learn more and more about the price for ECN accounts, but it doesn't prove anything for the classic 'fixed spread' account.

 

[tobeone]

Alladir you can ask Armadamarkets chat operators if you wish. Fixed price execution works otherwise. Automatic execution is either turned on or off. When automatic execution is turned off it corresponds to ECN account prices. This is why Armada never pointed out what you're saying and why you do? Again you can verify it with any realiable independent source including Armada itself.

 

[Andrew_arm]

The AUDUSD trades in question were closed on a Classic account on October 10, 00:30 GMT during extreme market conditions (economic news release) with our partner Sucden Financial. We are their institutional client and connect through FIX API. We are not their retail client, we are not served by their retail client division, we do not use their retail client platform Smart, nor do we send live orders to their demo environment that has indicative prices, nor do we get pricing from their charting package that has indicative prices as confirmed by Sucden. Therefore trying to claim anything with indicative, private client and demo environment chart or videos from demo environments is not appropriate to say the least.

Copy-pasting demo charts will not get you anywhere either. This is from top management of Sucden's institutional division in regards to SMART platform that is offered to private clients by their private client division and has absolutely nothing to do with brokerage or other institutional clients of Sucden's institutional business:
"I can confirm that the Charts on SMART are ‘indicative’. Chart and trading modules use different servers. We use Trading module prices for trades and chart as indicative."

Institutional clients are always provided real-time, actual market conditions and the liquidity situation can and often varies a lot depending on market conditions. News trading is an extremely risky strategy and it is not our nor Sucden's fault that liquidity conditions are severe during market events.

Every party involved here has understood from day 1 that the execution of orders took place during extreme market conditions and there is nothing wrong here. As you have absolutely nothing to support your claim in regards to closure of positions on October 10, 00:30 GMT then we kindly ask you to respect everybody's time here.

Thank you.

 

[tobeone]

Andrew, It's your 9th time now trying to mislead readers.

IF YOU ARE TRYING TO MAKE US BELIEVE THAT PRICE INDICATIVENESS EXPLAINS OFF-CHART EXECUTION, YOU ARE PLAYING A WRONG GAME, ALL THE HIGH AND LOWS HAVE TO BE PRINTED ON THE CHART AS CONFIRMED BY 2 INDEPENDENT SOURCES.
THE TWO SUCDEN QUOTES FIT PERFECTLY TO EACH OTHER, SUCDEN stated in plain english that private and institutional clients have same prices streamed through by 15 tier 1 banks. There is no difference between SUCDEN's institutional prices and SUCDEN's retail prices.
The Forex prices on the SMART Demo are in fact live so the Demo will give you a great feeling for how the Live Platform performs, these prices are streamed through by 15 tier 1 banks. There is no difference in the prices avaiable for institutional or Private Retail Clients.
IF THIS IS ALL YOU CAN PROVIDE FROM YOUR SIDE, WELL, YOU HAVE TO COMPENSATE SAFRTY'S LOSS. NUMBER IS ALREADY ASSIGNED TO TRADERS' COURT THREAD OPENED BY SAFRTY, SO YES, EVERYONE UNDERSTOOD EVERYTHING.

SUCDEN's BID/ASK price: View attachment 12314 SUCDEN's EMAIL: View attachment 12315
EXPLANATION VIDEO: [video=youtube;PzxG8qekEfA]https://www.youtube.com/watch?v=PzxG8qekEfA[/video]

 

[Andrew_arm]

You obviously do not want to face the facts and continue to stubbornly claim that everybody else is responsible for you trading the news and risking your whole account. You have publicly lied here that some orders were closed with "zero slippage", but in reality all orders were closed with slippage due to volatile market move. You have also lied here that we do not respond to your emails. You have also tried to mislead everybody here about what the moderator has said in his post. You have also blackmailed us by threatening to spread information about us in public forums unless we refund your losses.

We, as a broker, executed your orders on the market with our partner Sucden and we have proven so.

The AUDUSD trades in question were closed on a Classic account on October 10, 00:30 GMT during extreme market conditions (economic news release) with our partner Sucden Financial. We are their institutional client and connect through FIX API. We are not their retail client, we are not served by their retail client division, we do not use their retail client platform Smart, nor do we send live orders to their demo environment that has indicative prices, nor do we get pricing from their charting package that has indicative prices as confirmed by Sucden. Therefore trying to claim anything with indicative, private client and demo environment chart or videos from demo environments is not appropriate to say the least.

Copy-pasting demo charts will not get you anywhere either. This is from top management of Sucden's institutional division in regards to SMART platform that is offered to private clients by their private client division and has absolutely nothing to do with brokerage or other institutional clients of Sucden's institutional business:
"I can confirm that the Charts on SMART are ‘indicative’. Chart and trading modules use different servers. Trading server updates more frequent within a second than Chart server. We use Trading module prices for trades and chart as indicative."

Institutional clients are always provided real-time, actual market conditions and the liquidity situation can and often varies a lot depending on market conditions. News trading is an extremely risky strategy and it is not our nor Sucden's fault that liquidity conditions are severe during market events.

Every party involved here has understood from day 1 that the execution of orders took place during extreme market conditions and there is nothing wrong here. As you have absolutely nothing to support your claim in regards to closure of positions on October 10, 00:30 GMT then we kindly ask you to respect everybody's time here. I have nothing further to add and prefer not to take part of this comedy anymore.

Thank you.

 

[tobeone]

Andrew, It's your 10th time now trying to mislead readers.

IF YOU ARE TRYING TO MAKE US BELIEVE THAT PRICE INDICATIVENESS EXPLAINS OFF-CHART EXECUTION, YOU ARE PLAYING A WRONG GAME, ALL THE HIGH AND LOWS HAVE TO BE PRINTED ON THE CHART AS CONFIRMED BY 2 INDEPENDENT SOURCES.
THE TWO SUCDEN QUOTES FIT PERFECTLY TO EACH OTHER, SUCDEN stated in plain english that private and institutional clients have same prices streamed through by 15 tier 1 banks. There is no difference between SUCDEN's institutional prices and SUCDEN's retail prices.
The Forex prices on the SMART Demo are in fact live so the Demo will give you a great feeling for how the Live Platform performs, these prices are streamed through by 15 tier 1 banks. There is no difference in the prices avaiable for institutional or Private Retail Clients.
I still not see any proof from you, can you please, finally provide any explanation regarding off-chart execution?

SUCDEN's BID/ASK price: View attachment 12314 SUCDEN's EMAIL: View attachment 12315
EXPLANATION VIDEO: [video=youtube;PzxG8qekEfA]https://www.youtube.com/watch?v=PzxG8qekEfA[/video]

 

[Pharaoh]

Demo and live, if using the exact same price feed, will still sometimes have different executions due to the fact that demo has no limits on liquidity and live executions require liquidity. For example, if 1 tic comes in with a price, on a demo, I could execute a trade for 100 trillion dollars worth of currency. On the real platform, I'd be limited by the available liquidity.

From what I am reading, Sucden offers a price feed for one platform that claims that, within that platform, demo, retail, and institutional all use the same price feed. Armada claims that their price feed isn't from that platform.

 

[tobeone]

Demo and live, if using the exact same price feed, will still sometimes have different executions due to the fact that demo has no limits on liquidity and live executions require liquidity. For example, if 1 tic comes in with a price, on a demo, I could execute a trade for 100 trillion dollars worth of currency. On the real platform, I'd be limited by the available liquidity.

From what I am reading, Sucden offers a price feed for one platform that claims that, within that platform, demo, retail, and institutional all use the same price feed. Armada claims that their price feed isn't from that platform.

Pharaoh SMART-platform is for retail private investors only. It's indicated on SUCDEN's website. So institutional clients don't trade with SMART platform. Yes, Armada's price feed isn't from that platform but Armada's and retail investors' price feed is same price feed.

About DEMO and LIVE: If there's not enough liquidity for buyers on LIVE, price rises naturally untill the balance changes and the highest transaction has to be printed on the chart. SO orders can't be filled off-chart. It's impossible if orders are executed normally as confirmed by two independent brokerage companies.
Me and safrty provided BID/ASK prices on one chart as you requested.

1. We have a fact that SMART platform is for private retail investors exclusively as indicated on SUCDEN's website and quoted by Andrew_arm himself in his previous posts.
2. We have a letter from SUCDEN stating that these prices are streamed through by 15 tier 1 banks and there is no difference in the prices avaiable for institutional or Private Retail Clients.
3. We provided BID/ASK chart from SUCDEN's smart platform showing that order was filled above ASK price.
4. We have two letters from two independent brokerage companies stating that all the highs and lows have to be printed on the chart.

Any more questions?

 

[alladir]

Alladir you can ask Armadamarkets chat operators if you wish. Fixed price execution works otherwise. Automatic execution is either turned on or off. When automatic execution is turned off it corresponds to ECN account prices. This is why Armada never pointed out what you're saying and why you do? Again you can verify it with any realiable independent source including Armada itself.

Where is there an option to turn on/off automatic execution?
I thought classic accounts had instant execution and ECN accounts had market execution, that's it.