GUILTY Case# 2011-075 | ABSOLUT25 vs www.fxcbs.com
- Thread starter ABSOLUT25
- Start date
FXPulsator
Private
- Messages
- 16
Another Bvi Bucket Shop... Beaware!!!
Hi
They would have put you on B-book[Although they claim to be ECN broker] initially seeing that you are making losses, with the intention to keep all the deposits for themselves, as the result of trade losses in your account.
Later when your account turned into green, their strategy to keep your trades on B-book, was like slapping themselves with their own hands.
Well it's not uncommon to see brokers run B-book on their clients, especially when they see for initial few days the trades usually run into losses. This is the main & the only reason why this days we see every other day any clown forming the online broking company. One need only $5k & the monthly commitment of $750 to start the bucket shop.
One should have balls to stay long in the Bucket shop business, it seems FXCBS have run out of oxygen... They cannot penalize the trader for the trades they could not hedge with their LP, even if it due to technical slang(presuming they ran A-book). After business is all about risk management..
If FXCBS cannot manage their risk and put their client into the spot.... they should be kicked out of the business for ever......
ANOTHER BVI BUCKET SHOP... BEWARE!!!
Hi
They would have put you on B-book[Although they claim to be ECN broker] initially seeing that you are making losses, with the intention to keep all the deposits for themselves, as the result of trade losses in your account.
Later when your account turned into green, their strategy to keep your trades on B-book, was like slapping themselves with their own hands.
Well it's not uncommon to see brokers run B-book on their clients, especially when they see for initial few days the trades usually run into losses. This is the main & the only reason why this days we see every other day any clown forming the online broking company. One need only $5k & the monthly commitment of $750 to start the bucket shop.
One should have balls to stay long in the Bucket shop business, it seems FXCBS have run out of oxygen... They cannot penalize the trader for the trades they could not hedge with their LP, even if it due to technical slang(presuming they ran A-book). After business is all about risk management..
If FXCBS cannot manage their risk and put their client into the spot.... they should be kicked out of the business for ever......
ANOTHER BVI BUCKET SHOP... BEWARE!!!
Laurie Gold
Corporal
- Messages
- 119
Would really have liked to get an explanation from FXCBS. Moreover, The refusal to respond to this case coupled with the simple fact of deleting profit indicates SCAM. Guilty!!
Ahmed T. Al-Nasser
Disgraced former member of the FPA
- Messages
- 30
It is a Forex Scam and they are Guilty
Prem Kumar Ramamurthi
Sergeant
- Messages
- 149
FXCBS claims to be ECN broker. If they say so, how come they just rollback the trades. It sounds fishy
