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BlueTrading.com

Discussion in 'Managed Accounts' started by Administrator, Apr 24, 2018.

  1. Chickbock

    Chickbock Recruit

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    No I called them.
     
  2. Darshan

    Darshan Private

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    If they are able to correct and fix the account and errors, also let the withdrawal flow as it used to be. That just proves that they can be trusted even more. I feel we need to patiently wait rather than jumping into conclusions.
     
  3. Alibabunna

    Alibabunna Private

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    Is there any investor with BT that actually lives in Tokyo? He could go and pay a visit to the office they claim(ed) to have there... I'm from Australia but I had thought quite a few times to just go to Tokyo just to have a look. If I lived closer that was the first thing I would have done. A scam needs to be quite sophisticated to even fake an office of about 30-40 people... If they are "actors" they need to be paid anyway... But now it might be too late
     
  4. mrshells

    mrshells Private, 1st Class

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    Just received the following email

    Good evening,

    We are still in the process of a full audit of all trading accounts.

    We can confirm your account has no equity losses past +/- 10-20% MAX.

    We cannot update however any balances until our liquidity exchange OnyxCapital has finished audits they are conducting on our request.

    Please rest assured you will be able to withdraw funds / restore full access by Monday. We greatly appreciate your patience.

    Regards,
    Svetlana
     
  5. cfer80

    cfer80 Recruit

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    I think we need to be patient and not panic.
    I think you are right Darshan. There is little point to asking if we can withdraw. They have incurred losses in the past. As hard as it might be I think we do need to be patient and hope for the best.
     
    Darshan likes this.
  6. mrshells

    mrshells Private, 1st Class

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    Yes let’s wait and see
    One thing to point out is if it was a complete scam they would have just disappeared completely
     
    hitfx, Darshan, maiux and 1 other person like this.
  7. hitfx

    hitfx Corporal

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    I agree completely.
    You would also not have some people saying they are negative(!) and others only down 30%.
     
    Darshan likes this.
  8. MuhammadRahman

    MuhammadRahman Recruit

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    These guys have been around for 3 and half years, so I'm going to give them the benefit of the doubt. I put 3000 EUR specifically to see if this was legit or not.

    The LONG DASH trade is worrying because when they updated their systems around 00:00 GMT on 22nd February, the trades miraculously appeared. I was online, doing some research of my own, and checked the account only 30 minutes before these DASH trades showed on their, and they weren't ever shown as having an open Long position in DASH, prior to miraculously showing the loss (23.6% drawdown on my account) in that case.

    When was this trade executed? if it was done by mistake, due to system error (for example - maybe system/user entered a higher lot size than usual) but I would expect to show a profit higher than expected, as dash was rising from 13:00 GMT on the 21st Feb, all the way until 00:00 GMT 22nd Feb.

    According to the charts, DASH had a 5% drop between 06:00 GMT 21st Feb, to 13:00 GMT 21st Feb. If this was when they went long, why did it take them 11-12 hours to register the loss on their system? (Could it be because they're based in Tokyo, they were closed at the time of the losses?) And if their trading desk was closed, don't they have manual traders/dealers who oversee the LOT sizes and exposure, before they finish for the day? Even if the system put on lot sized 5-10 times larger than what should be allowed on accounts, someone should have spotted that. And the stop loss on one trade should have been no more than 5%-10% of available funds.

    A catalogue of errors here, but will give them the benefit of the doubt. Let's hope they can fix any "system errors" from this upgrade they did on Monday, before our accounts take more 20-30% hits. I hope this isn't another "Knight Trading error" incident.

    If they can fix the error/system issue. It'll take them 2 months to recoup the losses, which isn't a big deal.

    Fingers crossed.
     
    mrshells likes this.
  9. Chickbock

    Chickbock Recruit

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    It would take them longer than 2 months to recoup the loss on my account is 60+%
     
  10. MuhammadRahman

    MuhammadRahman Recruit

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    Ask them why some accounts have less losses compared to others? I thought they were supposed to mirror trades on everyone's account, so everyone shared the same/similar profits and losses. (allowing for slippage/average prices)
     
: bluetrading

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