Problem Avafx.com Is A Big Money Eater

[Mariya979]

I have eyes on this and hope this will finish positively for you...

 

[MichelAnge21]

Abdul

They are basically saying that all your trades were illegal because you were using some kind of EA that was doing NOTHING ELSE but arbitraging. Now, if you told us what EA you were using and if it had an outside feed, we d MAYBE get somewhere.

Is it possible your EA did nothing else than taking advantage of some flaw in their platform ?

They also say your buy and sell orders had a minus value which ( if I understand properly ) means you were buying something at a certain price and selling at a higher price not in a sequence but at the same time ( denying the spread ). The spread ( for them ) would be a plus value ( like 2 pips ); a minus value would mean you d turn the table on them and you re the one getting a spread. They also hint at something more sophisticated when they talk of " interrupting " and " manipulating " their feed. I am no programmer and I dont know what is doable or not...but programmers amaze us so often... Their problem could even be compounded by the fact that they d rather keep such fatal weakness in their platform as much a secret as possible making frank communication with the FPA problematic.

You ask why your friend could do scalping without any problem with them...but was he using the SAME EA ?

You ask a definition of arbitraging. A simplified definition is that it s a strategy that makes you CERTAIN to win a profit. When you do arbitraging, you are not a speculator anymore. Look the definition of " speculate ". You " speculate " only when the outcome is NOT CERTAIN but you make a rational prediction that may or may not come true.

Me, I dont know if you did or if you did not use such software: I only see that your broker is adamant that you did. They seem very firm in their conviction. Convinced as they are, you will have no other choice than submit the case to the regulators of the Irish Financial Authority and they will examine the arguments from both sides.

 

[ABDUL GHAFOOR]

Abdul

They are basically saying that all your trades were illegal because you were using some kind of EA that was doing NOTHING ELSE but arbitraging. Now, if you told us what EA you were using and if it had an outside feed, we d MAYBE get somewhere.

Is it possible your EA did nothing else than taking advantage of some flaw in their platform ?

They also say your buy and sell orders had a minus value which ( if I understand properly ) means you were buying something at a certain price and selling at a higher price not in a sequence but at the same time ( denying the spread ). The spread ( for them ) would be a plus value ( like 2 pips ); a minus value would mean you d turn the table on them and you re the one getting a spread. They also hint at something more sophisticated when they talk of " interrupting " and " manipulating " their feed. I am no programmer and I dont know what is doable or not...but programmers amaze us so often... Their problem could even be compounded by the fact that they d rather keep such fatal weakness in their platform as much a secret as possible making frank communication with the FPA problematic.

You ask why your friend could do scalping without any problem with them...but was he using the SAME EA ?

You ask a definition of arbitraging. A simplified definition is that it s a strategy that makes you CERTAIN to win a profit. When you do arbitraging, you are not a speculator anymore. Look the definition of " speculate ". You " speculate " only when the outcome is NOT CERTAIN but you make a rational prediction that may or may not come true.

Me, I dont know if you did or if you did not use such software: I only see that your broker is adamant that you did. They seem very firm in their conviction. Convinced as they are, you will have no other choice than submit the case to the regulators of the Irish Financial Authority and they will examine the arguments from both sides.

when they saw proof that i have not traded out side the market now they are moving to new argument that i have used EA in trading in all my trading (i do not use any kind of bull **** EA) in this trading every trade i made that was totally manual trades.

do they provide me this EA? if not then as they says i use in can ava provide me the some kind of log files where they have detected me with EA ?

they have put new issue only to make delay only.
i found some information about there platform from act trader plz read


ActTrader
Feature Rich Trader Module

ActTrader™ provides a full-featured workspace for traders to execute trades and manage their accounts.

ActTrader Features

•One-click trading allows you to open a position in the fastest possible time
•Customizable workspace using tabs and detachable windows, including floating windows that allow efficient multi-tasking
•Select from several default user profiles, or create your own
•Extensive reports track trading progress and revenue
•Integrated charting with over two dozen technical indicators
•Trade directly from charts; manage orders and positions with drag-and-drop
•Create OCO (One Cancels the Other) Orders
•Ability to trade Forex, CFDs, Futures, Options, and Forwards
•Hedge positions with stops and limits with the functionality of the Trailing Stop/Limit tool
•The FXVoyager toolbar allows you to quickly and intuitively access common trading task
•The Margin Utilization Indicator gives traders an at-a-glance view of their used margin
•The User Indicator Editor gives traders the ability to create and apply custom indicators to charts
•The ActFX algorithmic trading module allows traders to create, back-test and run automated trading strategies.
Traders can access ActTrader in two ways:
ActTrader™ is fast, reliable, and packed with cutting-edge features
ActWebTrader™ is our Java trading applet that accesses the trading module from virtually anywhere in the world
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What options for clearing arrangements do you offer?
Clearing is done either automatically by the platform or manually through the dealing-module. ActForex does not engage in trading or operate as clearinghouse so Clients are free to choose any clearinghouse they wish, which is an enormous advantage over clearing houses that also offer trading platforms. ActForex’s Business Development Specialists are happy to assist in setting up clearing arrangements.
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Technical Requirements:

What operating systems are supported by the ActTrader?
Traders can log in to the downloadable MS Windows™* or the online Java™** based interface. ActDealer, the dealing desk module, can be run on a regular internet enabled PC. ActAdmin can be accessed via the internet from any computer.

Do I need to expand my IT department to support an ActForex trading platform?
No. As a Managed Service Provider (MSP), ActForex provides a turnkey solution along with complete technical support and software updates, all at a cost much lower than would otherwise be required by other alternatives.

Where is trading system actually hosted?
The trading system is hosted at ActForex’s SAS-70 certified data center and ActForex handles all connectivity issues. All third party price and order feeds are routed through ActForex’s data center so licensees do not need their own servers or IT department.

* MS Windows is a registered trademark of Microsoft. Inc.
**Java is a registered trademark of Sun Microsystems, Inc.
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ActForex Platform now displays Market Depth Information

Traders Now Have Access to Professional Interbank Trading Function

New York, NY, May 3, 2011 – (PR.com) – ActForex, the leading provider of independent retail trading platforms, is pleased to announce today the addition of Market Depth functionality to its already extremely versatile and intuitive ActTrader platform. Every tick on the platform is able to display market liquidity in real time with the whole spectrum of price/volume data, rather than a single rate per instrument.

“Market Depth information used to only be available to professional Forex traders on an interbank level and even now for retail traders, this important feature is offered by just a few firms,” commented ActForex CEO, Ilya Sorokin. “Traders can now trade with greater information and confidence due to this seldom-before-seen transparency.”

Best Bid/Best Offer rates are computed by the platform, which also calculates and displays volume-based pricing for any selected order volume. This data allows the trader to see the real execution rate for high volume trades before opening an order. The new Market Depth feature creates a clear visual representation of how markets change with news or after hours, how the spreads correlate to volumes, and when the market shifts to the bid or offer side. This powerful information is extremely valuable to anyone trading Forex in such an enormous and fast-changing market.

About ActForex, Inc:

ActForex, Inc. has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000.

ActForex logo and ActTrader are trademarks, and ActForex is a registered trademark, of ActForex, Inc.
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it is not clear to me that they have only this answer to my all questions

 

[MichelAnge21]

It s impossible to understand anything from your last post except that you say you did only manual trades. Then, you ll win your case easily.

Now:

1) Did you use their proprietary AvaTrader platform or their MT4 platform ?

2) If you used their Avatrader platform, did you use their API libraries to build your own trading system or trade in real time ( something they allow BTW ) ?

3) what does ActTrader have to do with the topic ?

4) Can we see some trading log ?

 

[FXDutchess]

It s impossible to understand anything from your last post except that you say you did only manual trades. Then, you ll win your case easily.

Now:

1) Did you use their proprietary AvaTrader platform or their MT4 platform ?

2) If you used their Avatrader platform, did you use their API libraries to build your own trading system or trade in real time ( something they allow BTW ) ?

3) what does ActTrader have to do with the topic ?

4) Can we see some trading log ?

he point is AVAFX's platform has the tools to prevent outside market positions.
In many cases me and my friends got 'pending order' or 'pair is unavailable for trading right now'(or something like that) if price really was outside market. These warnings and pending orders went off in matter of milliseconds, that means their platform is very fast and capable of preventing such positions.

Excuses like 'outside market prices' are insulting to traders with even average knowledge in forex trading and I really don't know what kind of regulatory body is controlling them if they let happen such obvious theft of hard earned money which took months to make and with such idiotic excuses.

That kind of moronic excuse can be used on every trader no matter the style of trading. And what is most ironic, they announce upcoming news in their platform half or one hour prior to happening and then when you trade around news time which they themselves advised you to do, they cancel your trade. This is misleading at best, if not fraud and attempted theft.

They canceled all trades eve ones that happen a year ago(whole trades not just, so called, 'difference in price'). But they didn't do or warn about anything until withdrawal, they even called me and said I was doing great and if I want to invest more!? That means that as long as money you earned is with them, at their disposal to invest off course, these trades are OK but when I wanted to withdraw, they 'found' 'outside market trades' exactly(to the cent!!??) in amount of my withdrawal. WTF!?

Oh and I DON'T use EA, I was using their order boxes or straddle, for very few trades around news time. So if they say I was trading illegal positions and outside market, they are my crime partner because they provided me with tools to do such 'illegal acts' as they say, ironic isn't it?

AVAFX is SCAM, period!

 

[MichelAnge21]

he point is AVAFX's platform has the tools to prevent outside market positions.
In many cases me and my friends got 'pending order' or 'pair is unavailable for trading right now'(or something like that) if price really was outside market. These warnings and pending orders went off in matter of milliseconds, that means their platform is very fast and capable of preventing such positions.

Excuses like 'outside market prices' are insulting to traders with even average knowledge in forex trading and I really don't know what kind of regulatory body is controlling them if they let happen such obvious theft of hard earned money which took months to make and with such idiotic excuses.

That kind of moronic excuse can be used on every trader no matter the style of trading. And what is most ironic, they announce upcoming news in their platform half or one hour prior to happening and then when you trade around news time which they themselves advised you to do, they cancel your trade. This is misleading at best, if not fraud and attempted theft.

They canceled all trades eve ones that happen a year ago(whole trades not just, so called, 'difference in price'). But they didn't do or warn about anything until withdrawal, they even called me and said I was doing great and if I want to invest more!? That means that as long as money you earned is with them, at their disposal to invest off course, these trades are OK but when I wanted to withdraw, they 'found' 'outside market trades' exactly(to the cent!!??) in amount of my withdrawal. WTF!?

Oh and I DON'T use EA, I was using their order boxes or straddle, for very few trades around news time. So if they say I was trading illegal positions and outside market, they are my crime partner because they provided me with tools to do such 'illegal acts' as they say, ironic isn't it?

AVAFX is SCAM, period!

Ok ok scam period. But I m still curious to know what would happen if I bought that ActTrader-ActDealer suite. It s basically a software suite that is used by market makers themselves, right ? You plug it to a streaming feed in real time, you set the spread to whatever and you re all set to mimic a market maker yourself. Or did I miss something ? ( why do I feel now like I should get a commission from ActTrader for any sudden increase in their sales in the near future ? )

I wonder what is the inherent latency with ActDealer between the " back office " and the " front desk " as compared with Avafx..

And I wonder how much it costs to connect to the ActTrader SAS-70 Data Feed ( looking inside my wallet...damn )

 

[MichelAnge21]

ActTrader features


Where is trading system actually hosted?
The trading system is hosted at ActForex’s SAS-70 certified data center and ActForex handles all connectivity issues. All third party price and order feeds are routed through ActForex’s data center so licensees do not need their own servers or IT department.


Traders Now Have Access to Professional Interbank Trading Function

New York, NY, May 3, 2011 – (PR.com) – ActForex, the leading provider of independent retail trading platforms, is pleased to announce today the addition of Market Depth functionality to its already extremely versatile and intuitive ActTrader platform. Every tick on the platform is able to display market liquidity in real time with the whole spectrum of price/volume data, rather than a single rate per instrument.

“Market Depth information used to only be available to professional Forex traders on an interbank level and even now for retail traders, this important feature is offered by just a few firms,” commented ActForex CEO, Ilya Sorokin. “Traders can now trade with greater information and confidence due to this seldom-before-seen transparency.”

Best Bid/Best Offer rates are computed by the platform, which also calculates and displays volume-based pricing for any selected order volume. This data allows the trader to see the real execution rate for high volume trades before opening an order. The new Market Depth feature creates a clear visual representation of how markets change with news or after hours, how the spreads correlate to volumes, and when the market shifts to the bid or offer side. This powerful information is extremely valuable to anyone trading Forex in such an enormous and fast-changing market.

About ActForex, Inc:

ActForex, Inc. has been providing leading-edge trading technology solutions for a multitude of FCMs, Forex Brokers, Broker/Dealers, Introducing Brokers and Money Managers worldwide since 2000.

ActForex logo and ActTrader are trademarks, and ActForex is a registered trademark, of ActForex, Inc.
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it is not clear to me that they have only this answer to my all questions

I made it shorter, but could it be that Avafx is now in a state of panic and reviewing accounts because ActTrader is making their feed even more available to the mass of traders ? There is a press release dated may 3, 2011 there....and coincidence....Avafx starts reviewing accounts looking for " off market " trades. Strange. Maybe it s only that the danger to them is increasing and they are getting paranoid. It s a russian programmer who created ActTrader...Man, they do have the best. Avafx, be afwaid; be vewy afwaid....Felix is russian. Maybe he has a clearer idea of what is going on now....The people at Avafx and the other ActTrader corporate clients must not be very happy with Mr Ilya Sorokin of ActTrader.

 

[ABDUL GHAFOOR]

The people at Avafx and the other ActTrader corporate clients must not be very happy with Mr Ilya Sorokin of ActTrader.
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i am sorry i am not very fluent in English because English is not my mother language so i am thank full to you all members who's reading and posting in my thread .

i am here just want to show that the provider of software as act trader they not do any thing wrong with they just provide it as it is .

the next is owner of platform and user of platform,
i hope you know better then me that the owner can made changes in there property as well as user can not .

when i start with ava same platform is running quite fast and execution is like eye lashing with in Milli seconds the order was executed soon after when i was in profit and big profit i saw the order execution is become in delay and when ever i put trades it hold the order in order window and when it see the price was changed to ava favor ava execute my order where i put but if price goes in my favor they requite the price this is a simple example of what they can do in there platform .

 

[MichelAnge21]

Abdul

Is there a trading log that we can see ?

For the delay ( slippage )....it looks like they changed their platform because of you and Dutchess and a few others LOL

 

[ABDUL GHAFOOR]

Abdul

Is there a trading log that we can see ?

For the delay ( slippage )....it looks like they changed their platform because of you and Dutchess and a few others LOL

my html code is off i have a complete log file saved as (ghafoor statement .htm) i don't know how to post it here .