Quoted below is my original post on Linkedin with comments and updates:
#Forex,
#CurrencyTrading #MT4 #MT5:
An Extremely
#Urgent #Public #Case!!!
My private Client's MT4 trading account considered "
#Hyperactive" by
#MetaQuotes (because account is trading well, poised at making profits) with
#threats to disable account!!!
I am publicly asking International Capital Markets Australia, MetaQuotes Software and MetaQuotes AustraliAsia to explain (in simple sentences, as comments to my post) why my small private Client (a
#ForexTrader,
#ForexInvestor - who is struggling to eventually succeed after all past losses incurred) is officially penalized for utilizing my arsenal of
#MT4 #ForexRobots (
#ExpertAdvisors) to trade well via remote leasing.
Attached herein is a screened (I have screened my private Client's MT4 account number for privacy reasons) message that my Client received this morning from International Capital Markets Australia, after which he became very
#upset and even wants to quit
#ForexTrading forever because of this severe
#injustice!
I am calling on International Capital Markets Australia to publicly comment on this post and paste below an honest initial, Public Offer Account Opening Agreement Draft which states that a small private Forex trader has no
#rights to send as much messages as his/her Expert Advisors can do to trading server.
I am a million percent cocksure that MetaQuotes or any
#ForexBroker on our Planet
#Earth would never ever send such a message as above to a corporate / institutional Forex trader or investor. Of course, the "big guys" have all rights, except the "small trader"!
I herein call on
#ForexRegulatoryAuthorities to comment on my post if MetaQuotes or any Forex Broker on our Planet Earth is equipped with " special rights" to impose "limits" on the trading abilities of small, private Forex traders/investors.
I am also calling on competent
#Lawyers who know applicable
#laws to leave their comments on this post.
Sincere thanks for your kind attention.
My Personal Comments to My Linkedin Post Are As Below:
QUOTE
I request Forex Peace Army Admin to kindly comment on my post. You would remember in the past I had put dishonest Brokers on your platform and made them pay 100% compensation to clients for fraudulently destroyed accounts.
The operating License of one such Broker is now revoked and everyone can witness it at:
https://www.usgfx.com/
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QUOTE
I am requesting Mr. Greg Yanco (Executive Director, Australian Securities and Investments Commission - “ASIC”) to kindly comment on my post. Thank you.
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QUOTE
Updates:
Below are screenshots of my email inquiry dated 5th March 2021 to Support Department of ICMarkets Australia:
https://drive.google.com/file/d/1HUPmY0mXoLpP2WwZw0vGeUBRllAxLoWx/view?usp=sharing
https://drive.google.com/file/d/1Lp5nsOsc61odL2wgGHn_U5KijnEh96Gb/view?usp=sharing
And below are screenshots of autoresponse message that I received from Support Department of ICMarkets Australia:
https://drive.google.com/file/d/1h1X11MWRksoeNz9ZDJRZPPfj_pWyCo8t/view?usp=sharing
https://drive.google.com/file/d/19b8Nrp4ogwbP8ZsU2ysXV8iD9bVcD-3I/view?usp=sharing
Below is a link to screened screenshot of the "trading capabilities restriction message" that my client received yesterday from ICMarkets Australia:
https://drive.google.com/file/d/1uu643ys-HI89Fhr7gXl7_tz3QA4Y10to/view?usp=sharing
My concrete, public questions to MetaQuotes and ICMarkets Australia are:
1) If, at the moment of your sending that message to my client, my client's server messages had exceeded 5,000 (on that very day of 5th March 2021), on the basis of "what" formulas you projected that my client's server messages would exceed 25,000?
2) What legal rights do MetaQuotes have to mechanically limit the "competing trading power" of my private client? Isn't this an outright, dirty violation of "Competition Laws" in the Forex market among traders?
3) Assuming MetaQuotes is more concerned about "server resources" usage, is this a problem of the participating private trader? The clear answer is "no" because it is the duty of MetaQuotes to genuinely ensure its server facilities can robustly handle all trading queries WITHOUT any artificial limitations for certain private traders - because I am a 100% sure no corporate or institutional Forex trader or investor will welcome such "trading power restriction" message from you!
4) Assuming MetaQuotes' restriction to 2,000 messages per day to server is legal, MetaQuotes and ICMarkets Australia (as well as any Forex Broker in the World) MUST clearly spell that out in Public Offer Agreement with the client; and clearly state what extra fees are applicable for sending over 2,000 messages per day to trading server.
Can MetaQuotes or ICMarkets Australia provide a copy of such Public Offer Agreement with my client here?
If your answer is "no", then neither MetaQuotes nor ICMarkets Australia had any legal rights to send such a "trading power restricting" message to my client yesterday.
And your message must be immediately considered NULL AND VOID; and you must call it back immediately, and render due apologies to my client.
5) It makes sense to clearly explain here that my arsenal of MT4/5 Expert Advisors trade 100% honestly WITHOUT any scalping trading strategies. My robots boldly take a loss when they believe an open, losing trade is hopeless; and the trend has truly changed.
So, what crime or offense had my client committed?
And why must his "honest trading power" be curtailed?
On the contrary, I ask ICMarkets Australia to have a careful, genuine look at the Shylock commission value so far earned by associated IB (Introductory Broker) because my robots honestly do their jobs.
6) Lastly, out of fears of losing his money, my client triggered closure of all open trades at approximately 7.44hrs thru 7.45hrs server time yesterday 5th March 2021; at estimate loss of about US$350.00 or US$400.00 - profit that would have been earned by my client if all open trades were kept till end of trading day yesterday - till 23:59hrs!
Will ICMarkets Australia pay a compensation of US$350 - US$400 to my client for missed profits?
Please I need this question publicly answered here.
In conclusion:
a) I hope that MetaQuotes will say a word here, and not just retain "innocent silence"!
b) I also hope that ICMarkets Australia will make genuine comments here and immediately declare NULL and VOID this message
https://drive.google.com/file/d/1uu643ys-HI89Fhr7gXl7_tz3QA4Y10to/view?usp=sharing sent to my client yesterday, render due apologies to my client, and allow my client to continue trading WITHOUT any fears of losing his money (of course - I will surely take care of such an incident via Forex Peace Army - because I carefully monitor each client's account and can immediately tell "where" what" happened.)
Many thanks for your kind attention.
UNQUOTE