Zakirussen
Private, 1st Class
- Messages
- 27
Hi,
I had recently suffered by huge lost due to a signal provider name Instantpip.com had traded one position GBP/USD without put stop loss in my MT4 account by trade copier. They have clearly mentioned on their website that they always trade with stop loss and take profit. See below their quote :
"The trades are executed lightning-fast and accurately, always including Stoploss and Take profit, thus your capital is never at risk while you can enjoy outstanding automated yields. This is how Instant Pip can help you fulfill your dreams of living a more complete life"
I lost my capital due to their blinded, irresponsible and over confidence attitudes. I have made many complaint but they are not ready to give back my lost only offered me two months free subscription. Now I don't have a money to trade due not working because of long term illness about four years and having huge financial problems.
I want my lost money back because it was a fault from instantpip.com side.
I paid subscription fees $110 and received notes as (Charge will appear on your credit card statement as 'PAYPAL *IBAAZARRETA'
Payment sent to customerservice@viithiisys.com)
I have got forex trading account at Forex | Forex Brokers | Forex Trading | HotForex and had 671.60 euro and instantpip trade my account by trade copier.
Merchant of instantpip :
iBaazar Retailers Pvt. Ltd
customerservice@viithiisys.com
+91 00911724658851
Please also read below mail which I replied in order to answer a questions of one advisor.
I try to give you your questions answers.
1, Did they explain the reason for not having a stop loss? I guess I'm curious what happened. Malfunction in the trade copier, or did they purposefully open a trade without a stop loss?
Yes, they had purposefully didn't put stop loss. When it was keep being floating I asked then they replied "it is purposefully no stop loss and don't worry all trade will be profitable"
2, And how could one trade cause such a large loss, do they trade with very large lot sizes? Did happen in a matter of minutes or did the trade go on for days before you noticed it?
Yes, they they traded with a large lot size10 and it happened in six days(26/04/13 to 01/05/13). I was keep watching this trade and all time felt anxious. In the last I seen that my balance went down to only 5.57. It was 671.60 Euro. I lost this amount because margin and equity went down to minus.
3, Did they also take a large loss and they are failing to show it on their website?
When I make complaint many...many times to them by email, live chat and skype"they told me we are still in profit look at myfxbook our account, we made 150 pips in this week" I told them look at balance of my account it's ruined by you.
Yes, they didn't show this lost to their website or the position of GBP/USD is still live.
My mt4 account is with hotforex.com and I paid money to their merchant iBaazar Retailers Pvt. Ltd by Paypal.
Is there any chance to ask for compensation to iBaazar or Paypal? or hotforex.com can help me?
Guide and reply me please.
Many thanks.
I sent them copy of this thread and thy said we do not care about FPA. Also threaten me that if you carry on to behave like this we will suspend your account. Well, I am not trading with them anymore.
I had recently suffered by huge lost due to a signal provider name Instantpip.com had traded one position GBP/USD without put stop loss in my MT4 account by trade copier. They have clearly mentioned on their website that they always trade with stop loss and take profit. See below their quote :
"The trades are executed lightning-fast and accurately, always including Stoploss and Take profit, thus your capital is never at risk while you can enjoy outstanding automated yields. This is how Instant Pip can help you fulfill your dreams of living a more complete life"
I lost my capital due to their blinded, irresponsible and over confidence attitudes. I have made many complaint but they are not ready to give back my lost only offered me two months free subscription. Now I don't have a money to trade due not working because of long term illness about four years and having huge financial problems.
I want my lost money back because it was a fault from instantpip.com side.
I paid subscription fees $110 and received notes as (Charge will appear on your credit card statement as 'PAYPAL *IBAAZARRETA'
Payment sent to customerservice@viithiisys.com)
I have got forex trading account at Forex | Forex Brokers | Forex Trading | HotForex and had 671.60 euro and instantpip trade my account by trade copier.
Merchant of instantpip :
iBaazar Retailers Pvt. Ltd
customerservice@viithiisys.com
+91 00911724658851
Please also read below mail which I replied in order to answer a questions of one advisor.
I try to give you your questions answers.
1, Did they explain the reason for not having a stop loss? I guess I'm curious what happened. Malfunction in the trade copier, or did they purposefully open a trade without a stop loss?
Yes, they had purposefully didn't put stop loss. When it was keep being floating I asked then they replied "it is purposefully no stop loss and don't worry all trade will be profitable"
2, And how could one trade cause such a large loss, do they trade with very large lot sizes? Did happen in a matter of minutes or did the trade go on for days before you noticed it?
Yes, they they traded with a large lot size10 and it happened in six days(26/04/13 to 01/05/13). I was keep watching this trade and all time felt anxious. In the last I seen that my balance went down to only 5.57. It was 671.60 Euro. I lost this amount because margin and equity went down to minus.
3, Did they also take a large loss and they are failing to show it on their website?
When I make complaint many...many times to them by email, live chat and skype"they told me we are still in profit look at myfxbook our account, we made 150 pips in this week" I told them look at balance of my account it's ruined by you.
Yes, they didn't show this lost to their website or the position of GBP/USD is still live.
My mt4 account is with hotforex.com and I paid money to their merchant iBaazar Retailers Pvt. Ltd by Paypal.
Is there any chance to ask for compensation to iBaazar or Paypal? or hotforex.com can help me?
Guide and reply me please.
Many thanks.
I sent them copy of this thread and thy said we do not care about FPA. Also threaten me that if you carry on to behave like this we will suspend your account. Well, I am not trading with them anymore.
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