I am not sure whether this problem is my fault or fraud from IKOFX...?
I would like to share this problem,perhaps you all could provide me a guidance.
it all started on 26/12/2011,after successfully obtaining profit, suddenly IKOFX delete all profit and my initial capital with reasons "arbitrage sculping"
All the profit I made was reduced from my trading account.
after sending an email inquiry, I received an email response as follows :
""Arbitrage scalping is an abusive trading technique which is prohibited by IKOFX.
Trader is trying to take advantage on the price feed delay and price tick issue to make profit.
All the transaction that rely on the price latency/ price tick issue will be forfeit/nulify even there are order that hold more than 2 minutes."
I would like to know whether this is a scam?
thanks.
I would like to share this problem,perhaps you all could provide me a guidance.
it all started on 26/12/2011,after successfully obtaining profit, suddenly IKOFX delete all profit and my initial capital with reasons "arbitrage sculping"
All the profit I made was reduced from my trading account.
after sending an email inquiry, I received an email response as follows :
""Arbitrage scalping is an abusive trading technique which is prohibited by IKOFX.
Trader is trying to take advantage on the price feed delay and price tick issue to make profit.
All the transaction that rely on the price latency/ price tick issue will be forfeit/nulify even there are order that hold more than 2 minutes."
I would like to know whether this is a scam?
thanks.