GUILTY Case# 2014-146 | Amin EL-HAKIM vs bdfx.com

[BKK Trader]

So the OP traded a 17.9 lot trade with equity of just USD $500?How can that be a legitimate trade and why should the company honour it?
I'm all for exposing scams but we as clients have some responsibility to the brokers also,to try to not scam them!Why on earth should they honour a trade that was made with a fraction of the necessary trading margin?
The whole profit was made on the back of a trade that should not have been possible to make in the first place,how is that a scam?It's ridiculous,I'm calling no scam whatsoever on this,only from the client's side who has clearly tried to scam the broker,shame on you!

 

[Amin EL-HAKIM]

So the OP traded a 17.9 lot trade with equity of just USD $500?How can that be a legitimate trade and why should the company honour it?
I'm all for exposing scams but we as clients have some responsibility to the brokers also,to try to not scam them!Why on earth should they honour a trade that was made with a fraction of the necessary trading margin?
The whole profit was made on the back of a trade that should not have been possible to make in the first place,how is that a scam?It's ridiculous,I'm calling no scam whatsoever on this,only from the client's side who has clearly tried to scam the broker,shame on you!

Did you even read before you post? Did you even see that the first trades were 1.79 lots? Note the following:

1. Ticket #224593 was for 1.0 lots executed at 22:45:19 at the price 0.84539 and by that, it requires a margin of 211.34$ (0.84539x100,000/400(the leverage)).
2. Ticket #224595 was for 0.79 lots executed at 22:45:49 at the price 0.84356 and by that, it requires a margin of 166.60$ (0.84356x100,000/400(the leverage)).

Please activate your "eyes mode" before posting. I expect your apology if you're going to contribute in this thread and you believe yourself to be contributing fairly. For exact calculations on each trade, please download the account audit which calculates exactly each trade's margin requirements.

 

[F***X]

I agree with BKK Trader, how can a broker accuse a client of "Fraud" with normal usage within what the broker's software allows, how ridiculous is that? If it smells like a bucket shop, then it most likely it IS one. No doubt that they can't cover the balance because they never sent or hedged the orders to the liquidity providers as they should have, heck they probably don't even bother to segregate client accounts as a "proper" broker should. Sadly, scam brokers rely on the statistics that most traders lose so they just pocket client's funds hoping they will lose or be intimidated by fabricated accusations and legal jargon. A broker with a dedicated "legal specialist" is just another red flag.

 

[Amin EL-HAKIM]

I agree with BKK Trader, how can a broker accuse a client of "Fraud" with normal usage within what the broker's software allows, how ridiculous is that? If it smells like a bucket shop, then it most likely it IS one. No doubt that they can't cover the balance because they never sent or hedged the orders to the liquidity providers as they should have, heck they probably don't even bother to segregate client accounts as a "proper" broker should. Sadly, scam brokers rely on the statistics that most traders lose so they just pocket client's funds hoping they will lose or be intimidated by fabricated accusations and legal jargon. A broker with a dedicated "legal specialist" is just another red flag.

Apparently you didn't read BKK Trader's post who is accusing me of scamming the company. Unless he works for them, then I can understand his frustration.

 

[F***X]

correction to my previous post

I meant to say I DISAGREE with BKK Trader how on earth can clients scam brokers if their software allows it? Shame on the brokers who scam on clients.

 

[Amin EL-HAKIM]

I meant to say I DISAGREE with BKK Trader how on earth can clients scam brokers if their software allows it? Shame on the brokers who scam on clients.

Thank you for your support on this. I guess you agree also that "shame on forum participants who just throw false accusations on someone without even reading". No?

 

[F***X]

Based on my research, I voted GUILTY. And I hereby challenge BKK trader's post for clarification and verification of impartiality in reference to this broker in question.

 

[Master Yoda]

Guilty

This is a broker who scammed and put its client under threats. Stay away from them.

 

[santam71]

what would you trade with such brokers (They make money with the loss in equity of clients) when they are so many regulated brokers allowing such type of aggressive trading activities like ibfx,axitrader,fxpro ,fxcm uk & the list continues ........... ;-)

 

[500pipsaweek]

Hello everybody i'm an individual full time retail trader from greece let me state first that i'm not in any way related to the victim or the company and here's what i did i have opened so far 4 or 5 axitrader demo accounts with a 400:1 leverage and i have replicated most of the customer's crucial high volume trades one by one taking his statement as reference and given his current balance at the moment and guess what? they have all gone through! i invite all admins and members to do the same if you have the patience Dear Amin el hakim do not let them intimidate you they cant and wont do anything to you and as the old say goes offense is the best way of defence you have lawfully and legitimately earned your 50K or whatever you have earned and they have to either pay you your hard earned money or go out of business! Admin please note that ''BKK trader'' is probably one of them... i invite everybody admins and members to do the replication on demo accounts all trades all valid end of story GUILTY!