FXNet Scam

[Des Nel]

In 3 weeks I lost $4400/ R53 000. I use two FXNet broker. Do everything that they told me. I lost everything. Big Scam!!!

 

[FxMaster]

In 3 weeks I lost $4400/ R53 000. I use two FXNet broker. Do everything that they told me. I lost everything. Big Scam!!!

Losing doesn't count as a scam bro, tell us if you see something awkward during your trading period.

 

[Des Nel]

Losing doesn't count as a scam bro, tell us if you see something awkward during your trading period.

So what you are saying, is that if I do everything that the broker tell me to, I can loose so much money in 3 weeks.

 

[FxMaster]

So what you are saying, is that if I do everything that the broker tell me to, I can loose so much money in 3 weeks.

Why depend on broker mate? Do not let trade your money to anyone and do not go with a broker`s so called advice with all of your money.

 

[Des Nel]

I was still learning. Don't know the US market. The broker said I don't have to worry, he will tell me what to trade on and how much.

 

[FxMaster]

I was still learning. Don't know the US market. The broker said I don't have to worry, he will tell me what to trade on and how much.

Still, you can go with a small amount to test their words mate. $4400 is big a amount.
Actually what happened with your trades?
How its convert it to lose?

 

[Des Nel]

Still, you can go with a small amount to test their words mate. $4400 is big a amount.
Actually what happened with your trades?
How its convert it to lose?

Well if your margin level% goes under 50%, the trading system sell your shares even if you are in a lost. Buy shares and the same day the broker tell me to hedge the share. When I'm losing the broker to me I don't have enough money take the loss.

 

[FxMaster]

Well if your margin level% goes under 50%, the trading system sell your shares even if you are in a lost. Buy shares and the same day the broker tell me to hedge the share. When I'm losing the broker to me I don't have enough money take the loss.

Same old tactics

 

[Des Nel]

Same old tactics

Why do you say, same old tactics? Are you a brokers?

 

[Pharaoh]

I think FxMaster was commenting regarding same old tactics of the broker. Hedging is, at best, a short term solution to a loss and can sometimes be deliberately suggested by a bad broker.

It's generally a good idea to click someone's user profile and see what sorts of posts they make before leaping to a conclusion based on a post or two in one thread.