IFC Markets become a scam

IFC Markets

IFCMarkets.com Representative
Messages
45
You became a funny guy with your comments...

How could u prove for real that the price presented in your image was exactly that one in market ??
You can not....and even if you'll try i can not believe u.
U know why ?
Because with a VirtualDealer plugin you can easily manipulate prices in-house !!!
If you sebytim do not know what VirtualDealer is I'll explain you. Yes we use VirtualDealer, that means that the deals of our traders are processed automatically, NOT by a real (human) dealer. That allows us to provide instant execution.
By the way
with a VirtualDealer plugin you can easily manipulate
- it is a nonsense again. Didn't you think that a real dealer in the same way could easily manipulate prices?
And again please think with your head: what is the use for us to manipulate your deals and close Sell at Bid price??

Photoshop, manipulation - you do not know what to imagine else.
 

sebytim

Private
Messages
19
If you sebytim do not know what VirtualDealer is I'll explain you. Yes we use VirtualDealer, that means that the deals of our traders are processed automatically, NOT by a real (human) dealer. That allows us to provide instant execution.
By the way - it is a nonsense again. Didn't you think that a real dealer in the same way could easily manipulate prices?
And again please think with your head: what is the use for us to manipulate your deals and close Sell at Bid price??

Photoshop, manipulation - you do not know what to imagine else.

For me talking with u is a waste of time! I will let the readers to decide who is the scamer here!!!

As for you here you can find what a VirtualDealer plugin is used for:
http://www.forexpeacearmy.com/forex-forum/general-forex-talk/9019-virtual-dealer-plugin.html
 

IFC Markets

IFCMarkets.com Representative
Messages
45
For me talking with u is a waste of time! I will let the readers to decide who is the scamer here!!!

As for you here you can find what a VirtualDealer plugin is used for:
http://www.forexpeacearmy.com/forex-forum/general-forex-talk/9019-virtual-dealer-plugin.html
I will tell you a terrible secret. Each broker that offers MT4 uses virtual dealer. The thing is each broker has different settings - it depends on company policy. Our customers for example never complained about any slippage.
And finally, sir, we've spent hundreds of thousands dollars to develop our own platform nettradex (you may be a programmer - so you must know that developing such terminal costs a lot), we have traders who withdraw 20-30 thousands usd for one transfer - do you really think we wanted to steal your pour couple of thousands dollars if they were earned in an honest way? That's funny.
But we're not talking about that.
All of your allegations against the company are unfounded and were made as a result of your frustration that you could not outwit IFC. Admit it, be brave.
And let's listen to opinions of other forum members about your expert.
 

FPA23

Private
Messages
10
I just wonder FPA23, do YOU know what that virtual dealer means? :)
It means that you are not a programmer and you did not know until yesterday what it is!
But now you know it and you got a big problem with your boss, because you made it public here!

Have a nice weekend with the sharks are waiting for you!:D
 

IFC Markets

IFCMarkets.com Representative
Messages
45
It means that you are not a programmer and you did not know until yesterday what it is!
But now you know it and you got a big problem with your boss, because you made it public here!

Have a nice weekend with the sharks are waiting for you!:D
Dear FPA23, other traders and Administration please tell us your oppinion about sebytim, whose expert manipulated the prices.
Who was wrong in that situation?
Isn't it strange that nobody (exept sebytim), on no one forum, never complained about our company that we cancelled the profit?
 
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Pharaoh

Colonel
Messages
19,779
A new complaint isn't necessarily a false complaint. Should the FPA have automatically ignored the first complaint when Crown Forex stopped processing withdrawals?

FXDD tried to claim that some traders were magically forcing it to accept incorrect prices. The last I heard, the NFA was not impressed with this claim.

IFC's rep claimed that sebytim used an EA that somehow tried to close orders at the wrong price. As I understand it, a close order requests the price offered by MT4 by the broker. If price has moved, there may be slippage or requotes. If an EA somehow tries to send a close order at an invalid price, that should result in slippage or requotes, unless the price happened to move in the "correct" direction during the time it takes for the order to arrive. If that happened, then the order at the initial price should have slipped in the client's favor anyway, so no harm would be done.
 

IFC Markets

IFCMarkets.com Representative
Messages
45
A new complaint isn't necessarily a false complaint. Should the FPA have automatically ignored the first complaint when Crown Forex stopped processing withdrawals?

FXDD tried to claim that some traders were magically forcing it to accept incorrect prices. The last I heard, the NFA was not impressed with this claim.

IFC's rep claimed that sebytim used an EA that somehow tried to close orders at the wrong price. As I understand it, a close order requests the price offered by MT4 by the broker. If price has moved, there may be slippage or requotes. If an EA somehow tries to send a close order at an invalid price, that should result in slippage or requotes, unless the price happened to move in the "correct" direction during the time it takes for the order to arrive. If that happened, then the order at the initial price should have slipped in the client's favor anyway, so no harm would be done.
You are right Pharaoh. If price has moved, there may be slippage or requotes (it took place sometimes as you can see on the image in the post #11), but many deals were performed at wrong prices. Very often his Sell positions were opened at Ask price and closed exactly at Bid price. Isn't it strange?
What do you think every broker will do with his profit earned in such way? - he will cancel it.
What will do a man who has created an expert in order to deceive the company but he didn't manage to do this? - he will complain and cry.

A successfull trader admits his mistakes
 

Pharaoh

Colonel
Messages
19,779
I find it questionable that anyone could write an EA that would force an MT4 server to accept order closes at the wrong price. I would think that if such a thing were created and any broker detected it, the issue would have been reported to MetaQuotes and a software patch to permanently block this sort of thing would have been issued very quickly. If that were the case, FXDD would surely have included that information when they made a claim about "injected" prices to the NFA.

Has IFC reported this to MetaQuotes? A successful broker surely would have done so. Has MetaQuotes responded?
 

IFC Markets

IFCMarkets.com Representative
Messages
45
I find it questionable that anyone could write an EA that would force an MT4 server to accept order closes at the wrong price. I would think that if such a thing were created and any broker detected it, the issue would have been reported to MetaQuotes and a software patch to permanently block this sort of thing would have been issued very quickly. If that were the case, FXDD would surely have included that information when they made a claim about "injected" prices to the NFA.

Has IFC reported this to MetaQuotes? A successful broker surely would have done so. Has MetaQuotes responded?
Yes, we reported about this to MetaQuotes, after that this issue was resolved. And now it is impossible to use such rogue experts
 
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Pharaoh

Colonel
Messages
19,779
Could you share the correspondence with MetaQuotes? That would increase people's confidence that there really was an issue reported and fixed.
 
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