If they had done this in Kovac's case, he would have lost $1,800 which was 3x his starting balance. He should be thankful that they didn't just "fix" the error, but instead voided the trades and made it as if they had never happened. But instead of saying "Thank you so much, FX Open, I'm really sorry for taking advantage of those price fill glitches and I'm glad I'm not being held liable for those $1,800 in losses" he filed a scam complaint at FPA and accused them of stealing over $40k in profits.
FX Cobra, if your amazing and honest ECN broker had a glitch that caused you to make a ton of money (over +4,000%) and then "fixed the error and all affected trades returned to normal" you too would be screaming "scam" and demanding the undeserved profit that resulted from the error. Especially if you were aware of the glitch at the time it happened and traded a pile of volume to take advantage of it. So your broker fixed a glitch and they're praised for it, but FX Open fixes a glitch AND voids Kovacs loss that resulted from it, and they're a scam?
Scott
Are you serious!?? There's a big difference between facts in both cases despite same LP problem.
My broker fault is Clear like Sun Light. Didn't you see my screenshot? Market prices were flying and falling(look at the High/Low prices & candle abnormal shape) which proves an LP fault or whatever error of some 1000-40000pips in every pair.
But Fxopen LP fault(like the broker said) is as if not a fault but its normal manipulation of market prices as I had shown in a screenshot compared to other broker, difference of 3.5pips for EuroUsd than other brokers.
Fxopen fault is some 3-5pips that I do not consider an LP error, NO, I do not consider it an LP error, especially with Fxopen bad name & past actions in manipulating market prices through live market hours.
I can't laugh at myself saying that the broker must had gave me my profits from that abnormal 1000-40000pips LP fault like Eurousd high 48.97 low 1.0055
I would not be only laughing at myself if I open a case against my broker for not giving me my profits for that abnormal price but nobody at FPA will stand with me or take me seriously in such case.
Profits from 48.97 high and 1.0055 low for eurousd is surely not deserved but profits from some 3-5 pips that is mainly by manipulated prices of fxopen is definitively deserved.
And if those abnormal prices(my case) could be Real?!, not the broker or its LPs will get bankrupted and clients might become RICH but all Central Banks will get bankrupted!! What a Dream Day it will be
But for Kovacs case, I would not only put one Big Question Mark but a Million One when Fxopen speak about 3-5 pips wrong price feed from its LP and anyway it's their LP fault despite I'm not convinced about that fxopen manipulated excuse(3-5 pips, what a coincidence with same Kovacs pips profit per order, give me a break!)
Maybe no one at FPA had took a notice at why fxopen made from this big profit in one day of Kovacs account a problem and played it some 3-5 pips(you can do better manipulation than that but maybe your history repeat itself in little 3-5 pips manipulation-remember my screenshot!!)
What Kovacs had done is increase lot size and using the high leverage for each order, a small pip profit for each order will make a big profit in dollars as you know or concluded.
Here what fxopen had done is say: Look guys why don't we play the same game with him and say LP wrong price feed(nearly same small pip range 3-5pips as Kovacs used) and at end when Kovacs complain we tell him look your orders were loss because of the wrong price feed by our LP but we'll fix it and make it as if nothing happened!!(Good Manipulation fxopen)
The broker comes out as a winner in both cases, first showing itself making a favor for its client Kovacs and second actually winning thousands from not paying Kovacs his deserved profits.
This scenario might look insane at the first Reading of it but makes lot of sense when you compare it to what had happen in Kovacs case.
Kovacs must make a bit more effort in this case like giving further proofs or some more hidden details that he might had forgot to mention, in order to help improve his position in this case, despite fxopen Guilty already for many reasons said before.
We want you here Kovacs, where are you?? Everybody at FPA is discussing your case except you!
Where are your recent posts!!? Did you give up or what??!
Let us know. Are we fighting for you alone!?
