GCI TRADING has looted all my profits

Messages
30
I AM HAVING 2 TRADING A/C WITH GCI CFD6786 AND MT4 74346 I HAVE TRDED ON 02/10/2013 AND I GOT PROFIT OF $6267.57 IN CFD AND 211695.56 IN MT4 ACCOUNT i have done near abt 90 trades in cfd6786 & near abt 100 in mt4.i was veryhappy bcz i had huge profits in all trades and i kept some opened positions but at the end of the day GCI closed all my open positions in bothaccounts and reversed all the profits what i earned hole day.then i contacted the delar and had a live chat he told the their was some technical issue in the pairs what i traded that why they have reversed the profits what i made and also he told that the profits were not legitimate. there were issues in pricing in USDINR. .But how can i know their was a technical problem unless they inform me but their was no informatiom from their side.he told that you know what you are doing when you are just trading the spikes in this instrument.i informed the delar that when profit was comming i was closing the positions and some of the trades i got losses also but over all i was in profit.GCI dealr told that it is not a real trading strategy to just open and close on mometary price spikes thats why they are reversing the profits.FOREX itself is very volitil so how can he say that.delar told that we do not offer that type of trading.if any technicall issue is their than how can a pair trade in real account?that too i was trading in MT4 the best softwear.And when i was placing the orders they had not informed me at all that their was technical issues.when i earned huge profits in trades then at the end of the day they are telling this.Gci might have earned the HUGE commisions on my trades?
GCI reversed all my profits in MT4 and in cfd both accounts.more over GCI delar is telling that is not real trading what i done in my REAL MT4 account.How can he say this !! i got confussed.as the money is huge i am complaining this issue please be awer of such companys.
 

Gladiator76

Corporal
Messages
106
These types of errors do happen and actually happened with me before. What I do is compare the prices with other brokers to check if there is really an error or the broker is just trying to scam me. Now some forex brokers do not allow news trading, and those who I always avoid. You should always refer to the policy of any broker before dealing with them.
 
Messages
30
unfortunetly

unfortunatly i was having two accounts with the same GCI.one is cfd and MT4 in both accounts trading was little differnet in charts.so i cant compair the other company charts.i have taken screen shots of my charts and as well as the profit showing in the accounts before they reversed.
 

Attachments

  • CFD AFTER REVERSING.bmp
    1.8 MB · Views: 4
  • MT4 2 ACCOUNT BALANCE.bmp
    611.3 KB · Views: 9
  • mobile TRADE SCREEN SHOT.bmp
    1.8 MB · Views: 5
  • CFD STATMENT AS ON 02 10 13.bmp
    645.1 KB · Views: 5

SAIKREDDY

Recruit
Messages
1
200000 $ is huge money , How GCI dealer can tell that was not real trades . There shoud be a very strong governance to avoid these type of scams . To protect the clients hardearned money . If this is true Forex peace army has to take action against GCI Trading.
 

Gladiator76

Corporal
Messages
106
unfortunatly i was having two accounts with the same GCI.one is cfd and MT4 in both accounts trading was little differnet in charts.so i cant compair the other company charts.i have taken screen shots of my charts and as well as the profit showing in the accounts before they reversed.

Why can't you compare with other companies? Just open a demo accounts with other companies and compare the trades you made at that time to check if the price actually was reached or not. Or if you don't want to open demo accounts, there are sites out there that provide with the price information.
 

Pharaoh

Colonel
Messages
20,176
Send an email to every address you can find for GCI. Invite them to join this thread and explain the issue.
 
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