LITEFOREX HAVE CLEANED MY ACCOUNT

umarfalalu

Recruit
Messages
4
My account has done beautifully well in the last one month, but surprisingly on the night of Friday 07 Oct 2016, this company hide under the facade of liquidity providers and big players to clean my account. All my trades(13 in all ), were fraudulently taken out at 02:09:59 server time with impossible huge negatives figures. The explanation of Liteforex to my inquiry was that it the market moves by the Big banks and their Liquidity Providers that caused it.
unfortunately for Liteforex, MT4 platform exposed the maneuver. For example, wheres the daily candle on MT4 had a high of 0.92685 on EURGBP, I was taken out of the market at the price of 1.05858 (a difference of 13,173 pips on one day). I compared the data on Liteforex MT4 to other Brokers I also maintained accounts, and there was nothing close to the bourgeois price of 1.05858 on EURGBP on 07. 10.2016. Please see attachment. This cheat occurred on all the pairs in my trade closed that night. Efforts to get the company to put my account right so far has failed.
Fellow Traders, please offer your opinions
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,613
I see 3 accounts giving exactly the same story from the same IP. Can you explain this?
 

Isahhabiba

Recruit
Messages
6
I see 3 accounts giving exactly the same story from the same IP. Can you explain this?

Thanks for the attention.
The 3 accounts belong to three individuals, but trade by one person from one computer, They suffered the same fate in the hands of the Broker the same day, hence the reports have to be made as seen.

Thanks a bunch
 

umarfalalu

Recruit
Messages
4
Thanks for your attention.
The 3 accounts belong to three separate persons and are trade from the same laptop. They suffered the same fate the same day in the hands of the Broker., hence the reports have to be made as posted separately

Thanks a bunch
 

Muhammad zain

Recruit
Messages
2
i think you should have to report this broker's fraud and you also have to show these messeges here then others can stay away form it
 

FxMaster

Lt. Colonel
Messages
9,723

Pharaoh

Colonel
Messages
19,995
Most likely this was caused by the flash crash of the pound on October 7th. Even though LF is a known scam, you would likely have suffered similarly on any broker that day.
 

umarfalalu

Recruit
Messages
4
The flash crash of the GBP took the EURGBP to a high of 0.92685. This is confirmed on different Brokers platform, but Liteforex closed the pair at 1.05858 (a difference of 13,173 pips on one day) on my account. The transaction history of 7th Oct attached in my report evidences this position.

Thanks
 

Pharaoh

Colonel
Messages
19,995
1317.3 pips to be more exact.

Then again, LiteForex already earned its Scam designation.
 
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