Octafx is putting misleading info at site and eating trader money

[4evermaat]

Well i want to ask people who are trading from long time if i say free margin in ir account what will come in their mind? As octa fx reply thy close my trade bec equality became less thn bonus but if u r giving free margin it should help in negative trade that is my point n i think most of trader will think same way. If i only can trade till my real account balance thn how that thing help in free margin i want to ask that? Am i only one who have wrong idea about free margin and i also post how free margin trick work isnt it seem to running by their answer

There is a really good reason why most developed countries banned "gamification" of retail cfd accounts. (no bonus incentives). Because it was being used by unscrupulous brokers to withhold their withdrawals or otherwise mess up their margin calculations unfavorably.

If you don't understand this larger concept, then you will just jump to the next "broker" and make the same mistake.

These bonuses is specifically designed to trigger greed/gambling impulse, just like in a casino.

 

[Hemant123]

There is a really good reason why most developed countries banned "gamification" of retail cfd accounts. (no bonus incentives). Because it was being used by unscrupulous brokers to withhold their withdrawals or otherwise mess up their margin calculations unfavorably.

If you don't understand this larger concept, then you will just jump to the next "broker" and make the same mistake.

These bonuses is specifically designed to trigger greed/gambling impulse, just like in a casino.

So in this case isnt it true that octa fx is putting misleading info and eating real money.well now i understand so i dont use bonus

There is a really good reason why most developed countries banned "gamification" of retail cfd accounts. (no bonus incentives). Because it was being used by unscrupulous brokers to withhold their withdrawals or otherwise mess up their margin calculations unfavorably.

If you don't understand this larger concept, then you will just jump to the next "broker" and make the same mistake.

These bonuses is specifically designed to trigger greed/gambling impulse, just like in a casino.

So in this case isnt it true that thay put misleading info and eat real money.dont u think they should give money back or answer what kind of margin is that which dont help in margin call.so now at this point am i wrong to ask them for my money back?

 

[Hemant123]

Dear Hemant123,

Your deposit bonus was cancelled by equity. If you read our promotion rules, you'll understand that deposit bonuses are designed to help you open bigger trades but will not help you avoid a margin call, or a stop out as you simply cannot trade using bonus funds solely. We hope this clarifies the issue for you. If we can be of any further assistance, please, let us know.

Kind regards,
OctaFX Rep.

U write it as bonus but sir u also write it add in free margin thats why i m here.as i said many time i lost money n it was my fault but this time its because ur tricky words to open higher lot n not to support account

 

[acertablet]

So in this case isnt it true that octa fx is putting misleading info and eating real money.well now i understand so i dont use bonus

So in this case isnt it true that thay put misleading info and eat real money.dont u think they should give money back or answer what kind of margin is that which dont help in margin call.so now at this point am i wrong to ask them for my money back?

what is he mean is real professional broker wont offer bonus to attract customer, professional broker need to comply with regulatory rules and wont resort to unethical marketing technique.

 

[4evermaat]

So in this case isnt it true that octa fx is putting misleading info and eating real money.well now i understand so i dont use bonus

So in this case isnt it true that thay put misleading info and eat real money.dont u think they should give money back or answer what kind of margin is that which dont help in margin call.so now at this point am i wrong to ask them for my money back?

I think based on OctaFx's past behavior here on the FPA forum, it is very likely the bonus was set up in such a way/ to mislead traders into accepting an unfavorable trading condition. To make them think they had more margin than they actually had.

Maybe OctaFx will do the right thing, maybe they wont. What do you think @OctaFX Rep

 

[Hemant123]

what is he mean is real professional broker wont offer bonus to attract customer, professional broker need to comply with regulatory rules and wont resort to unethical marketing technique.

Giving bonus is different thing and writing it will help in FREE MARGIN is totally different thing.i start trading in 2009-10 but i never see a margin which is not help in negative trade.

 

[Hemant123]

I think based on OctaFx's past behavior here on the FPA forum, it is very likely the bonus was set up in such a way/ to mislead traders into accepting an unfavorable trading condition. To make them think they had more margin than they actually had.

Maybe OctaFx will do the right thing, maybe they wont. What do you think @OctaFX Rep

Sir giving bonus is a different thing and as i show writing it increase total amount(which is understable) n increase free margin is different things.everyone think free margin is used in negative trade so thy use that words .

 

[4evermaat]

bonus/extra margin/ it doesn't matter what exact words they use. It is unethical because of exactly the spin cycle that it just put you though.

 

[Hemant123]

bonus/extra margin/ it doesn't matter what exact words they use. It is unethical because of exactly the spin cycle that it just put you though.

Sir i dont know if i will get my money back or not but i am so happy to see that u understand my situation and help.as i read ur post that many new account come to fPA when they get problem and then go still u r helping every account same that win my heart.profit n loss are part of life but a real person help people and understand their situation.u r one of them.

 

[Muhammad siddique]

Well i want to ask people who are trading from long time if i say free margin in ir account what will come in their mind? As octa fx reply thy close my trade bec equality became less thn bonus but if u r giving free margin it should help in negative trade that is my point n i think most of trader will think same way. If i only can trade till my real account balance thn how that thing help in free margin i want to ask that? Am i only one who have wrong idea about free margin and i also post how free margin trick work isnt it seem to running by their answer

Brother they are scamer they eat my 22000$+ trading profit without proof they disabled account and eat innocent people account and Octafx all servers fake and they eat people funds they block me from Facebook and Twitter becuase they know they scam me and now disappeared his all manger accepted in front of me Octafx did bad . Very soon Octafx scam lable here and YouTube we will exposed Octafx scam very soon