FXTM wipe away from my account All my profit

Ogbeide

Recruit
Messages
14
All the profit I made trading on the 4th of January 2021 . Please I want them to put back my money
 

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ForexTime (FXTM)

ForexTime.com representative
Messages
14
All the profit I made trading on the 4th of January 2021 . Please I want them to put back my money

Hello Ogbeide! Each complaint does not go unnoticed and is always treated with a detailed response. Please be reminded, that a detailed explanation of the situation has been sent to your email twice. If you have any additional questions, you can reply to the emails that were sent to you by the Company. We will be glad to provide you with a response.

 

Mr_007

Recruit
Messages
4
updates update updates?? i was interested in this broker, but it seems as if they are all the same..as soon as you make a decent or really good profit,they all find a way to hold your money..
 

Ogbeide

Recruit
Messages
14
updates update updates?? i was interested in this broker, but it seems as if they are all the same..as soon as you make a decent or really good profit,they all find a way to hold your money..
Exactly what they are doing
 

RahmanSL

Major
Messages
2,845
I would be most interested to know:
1) Account balance before the huge profits
2) Average trading lot size before those huge profits

It seems to me that Ogbeide experience an arbitrage abnormality on MT4 platform which happens once in a while whereby any trade opened (be that buy or sell which doesn't matter) immediately shows a profit which, if immediately closed out, is added as a "profit".
You can trade large & ridiculous lot size trades (which you would not do) and reap huge profits in seconds.
So, if you keep doing that for as long as that abnormality exist, you can build your small trading account into hundreds of thousands and even millions.

I had that happened to me twice in my 10 years of trading the forex market and, though it was fun to do, I knew the profits are not real and will be removed by the broker the next day which they did of course. It was exhilarating to see >US$1, 230,000 in my trading account.
Come to think of it, perhaps, if I had thought of it at that time, after running the account to >US$1.23m, had I started trading large size trades and close the positions a minute or so in profits, I might be allowed to keep those profits.
...hmmmm...that's something I will have to keep in mind the next time I encounter another such abnormality.
 

Ogbeide

Recruit
Messages
14
That day was coppy and I discovered that the price was ranging within 312 and 410 EUR and I divided to be placing buylimit at 312 and take profit at 403 with a lot size of 0.01 because my account was 600usd and the total orders where 89.
 

RahmanSL

Major
Messages
2,845
WOW!...US$600 to US$277,248.23 on 4-Jan-2021: 1617hrs to 1800hrs = 1 hour 43 minutes.
How many trades did you make on that date and time?

Some 10 years back, I heard of a Chinese School Teacher who turned his US$350 (I think) into more than US$230k (I think), but he did that over several months.
But you did that in 1 hour 43 minutes, so WOW, WOW, WOW...and one more WOW for good measures!
If you really did accomplished that monstrous feat, you should write a book on how you became the most profitable Trader of all time on a US$600 trading account.
 
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