Octafx scam - Eat my profit 74000$+

Messages
20
The OP has invited the company to this discussion on May 14, 2020 at 8:41 AM
@OctaFX Rep still you are Reviewing? What is this??
@Administrator please come to this discussion, I need to recover my money from octafx as soon as possible!
 

OctaFX Rep

octafx.com Representative
Messages
176
@OctaFX Rep still you are Reviewing? What is this??
@Administrator please come to this discussion, I need to recover my money from octafx as soon as possible!

Dear Ayisha Rajasekhar,

Yes, our team is still reviewing your case as they need to compare the data in your attachments with our system data.

We apologise that it's taking so long. Please, rest assured we're doing our best to conclude our investigation as soon as possible.

Kind regards,
OctaFX Rep.
 
Messages
20
Dear Ayisha Rajasekhar,

Yes, our team is still reviewing your case as they need to compare the data in your attachments with our system data.

We apologise that it's taking so long. Please, rest assured we're doing our best to conclude our investigation as soon as possible.

Kind regards,
OctaFX Rep.
@FPA Forums Team @Administrator @4evermaat I hope this scam case going on right direction... if, anything I need to do from my side, please guide me...

@OctaFX Rep it’s very clear to solve this case earlier, please do it as much as possible.
 
Messages
20
Dear Ayisha Rajasekhar,

Yes, our team is still reviewing your case as they need to compare the data in your attachments with our system data.

We apologise that it's taking so long. Please, rest assured we're doing our best to conclude our investigation as soon as possible.

Kind regards,
OctaFX Rep.
@OctaFX Rep you are spot lighting yourself as scam broker, by doing shameless multiple investigations... can you explain timeline history of octafx investigating from 25 March 2020?
 

OctaFX Rep

octafx.com Representative
Messages
176
Dear Ayisha Rajasekhar,

We apologise for the wait in providing our response, please understand that our team had to compare the data you've provided with our system data. To do it as thoroughly as possible, we had to take the necessary time.

We wish to include a disclaimer that the data we're about to add below is solely individual, which means that it does not reflect all possible cases of arbitrage, rather it refers to your case only.

First of all, we wish to include an explanation of how arbitrage can be detected. Followed by the distribution of your orders by duration and difference in ticks, as well as profit.

Fig.1: Detection of arbitrage trading


In respect to Fig.1: The client opens a Sell Order: If he knows that the next tick is much lower than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread. The client opens a Buy Order: If he knows that the next tick is much higher than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread.
Such a significant difference with a neighboring tick occurs very rarely. For example, dozens of price changes can happen in a few seconds, and only one of them will be larger than the spread. This is normal if the client sometimes opens orders on a strong market's move. But, when most of his orders take place on strong movements - this is a clear arbitrage. Since the client knows about the strong movement, before this movement, he opens a deal in the corresponding direction. An important feature of this strategy is the short duration of orders, the use of an expert adviser.

The report below will present specific examples of arbitrage trading in your case.

Fig.2: Distribution of orders by duration and difference (in points) with the next tick



In respect to Fig.2: This chart shows us the distribution of your orders counted by time and the difference with the next tick at the opening. Please note, that if the difference is positive, it means that the tick client took was better for him by the number of points on the x-axis. The value of the bar = number of orders.
The chart shows that 51 orders out of 64 (80%) were opened on a tick when the difference between the opening tick and the next tick was more than 200 points in the client's direction. That means that in the case of Buy orders, the next tick after opening was more than 200 points higher, and in the case of Sell orders - 200 points lower.
The chart also shows that most trades opened before this price difference had a duration of up to 30 seconds. This low duration of orders is one of the key elements of arbitrage trading.
The probability of obtaining such a distribution of orders is less than 1% and is considered a purposeful implementation of arbitrage.

Fig. 3: Distribution of orders profit ($) by length and ticks difference (in points)

In respect to Fig.3: This graph shows that most of the profit from your trades was obtained with trades lasting less than one minute and with a difference of more than 200 points from the neighboring price.

Summarizing all of the above, our team provided the following conclusions regarding why was deemed you were using arbitrage:
  1. High frequency of short duration orders;
  2. High profit as a result of high-frequency orders (93% of the total profit);
  3. Opening orders only in the moments before strong movements and ignoring weaker market movements;
  4. Non-randomness of opening high-frequency orders on strong market movements (with a probability of more than 99%);
In light of all the above, we wish to include a couple of examples:

TicketPositionOpen_TimeTypeVolumeSymbolOpen_PriceS / LT / PClose_TimeClose_PriceProfitDuration (min)Difference with previous tick at the opening of order (in points)Difference with next tick at the closing of order (in points)
4021386402138625.03.2020 7:56:14buy10XAUUSD.m1 610,810,000000,0000025.03.2020 7:56:451616,215 400.000,51729038
4033299403329925.03.2020 7:53:15buy10XAUUSD.m1610,780,000000,0000025.03.2020 7:53:481616,025 240.000,550202379
4033307403330725.03.2020 7:55:07buy10XAUUSD.m1610,960,000000,0000025.03.2020 7:55:241615,965 000.000,283217379
4021385402138525.03.2020 7:51:27buy10XAUUSD.m1610,350,000000,0000025.03.2020 7:51:521615,164 810.000,417241375
4032479403247925.03.2020 7:02:41buy10XAUUSD.m1610,030,000001 614.0025.03.2020 7:02:451614,684 650.000,067337238
4032483403248325.03.2020 7:12:35sell10XAUUSD.m1615,150,000000,0000025.03.2020 7:12:401611,8503 300.000,0834602
4032713403271325.03.2020 7:59:34buy10XAUUSD.m1609,750,000000,0000025.03.2020 8:01:071612,823 070.001,5502656
4032754403275425.03.2020 7:14:57buy10XAUUSD.m1608,890,000000,0000025.03.2020 7:17:221611,622 730.002,417233317
4033265403326525.03.2020 7:19:18sell10XAUUSD.m1611,490,000000,0000025.03.2020 7:19:301608,892 600.000,20040919
4033271403327125.03.2020 6:54:25buy10XAUUSD.m1610,940,000001 613.6025.03.2020 6:54:311613,352 410.000,100361
361

Please, let us know should any assistance be necessary.

Kind regards,
OctaFX Rep.
 
Messages
20
Dear Ayisha Rajasekhar,

We apologise for the wait in providing our response, please understand that our team had to compare the data you've provided with our system data. To do it as thoroughly as possible, we had to take the necessary time.

We wish to include a disclaimer that the data we're about to add below is solely individual, which means that it does not reflect all possible cases of arbitrage, rather it refers to your case only.

First of all, we wish to include an explanation of how arbitrage can be detected. Followed by the distribution of your orders by duration and difference in ticks, as well as profit.

Fig.1: Detection of arbitrage trading


In respect to Fig.1: The client opens a Sell Order: If he knows that the next tick is much lower than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread. The client opens a Buy Order: If he knows that the next tick is much higher than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread.
Such a significant difference with a neighboring tick occurs very rarely. For example, dozens of price changes can happen in a few seconds, and only one of them will be larger than the spread. This is normal if the client sometimes opens orders on a strong market's move. But, when most of his orders take place on strong movements - this is a clear arbitrage. Since the client knows about the strong movement, before this movement, he opens a deal in the corresponding direction. An important feature of this strategy is the short duration of orders, the use of an expert adviser.

The report below will present specific examples of arbitrage trading in your case.

Fig.2: Distribution of orders by duration and difference (in points) with the next tick



In respect to Fig.2: This chart shows us the distribution of your orders counted by time and the difference with the next tick at the opening. Please note, that if the difference is positive, it means that the tick client took was better for him by the number of points on the x-axis. The value of the bar = number of orders.
The chart shows that 51 orders out of 64 (80%) were opened on a tick when the difference between the opening tick and the next tick was more than 200 points in the client's direction. That means that in the case of Buy orders, the next tick after opening was more than 200 points higher, and in the case of Sell orders - 200 points lower.
The chart also shows that most trades opened before this price difference had a duration of up to 30 seconds. This low duration of orders is one of the key elements of arbitrage trading.
The probability of obtaining such a distribution of orders is less than 1% and is considered a purposeful implementation of arbitrage.

Fig. 3: Distribution of orders profit ($) by length and ticks difference (in points)

In respect to Fig.3: This graph shows that most of the profit from your trades was obtained with trades lasting less than one minute and with a difference of more than 200 points from the neighboring price.

Summarizing all of the above, our team provided the following conclusions regarding why was deemed you were using arbitrage:
  1. High frequency of short duration orders;
  2. High profit as a result of high-frequency orders (93% of the total profit);
  3. Opening orders only in the moments before strong movements and ignoring weaker market movements;
  4. Non-randomness of opening high-frequency orders on strong market movements (with a probability of more than 99%);
In light of all the above, we wish to include a couple of examples:

TicketPositionOpen_TimeTypeVolumeSymbolOpen_PriceS / LT / PClose_TimeClose_PriceProfitDuration (min)Difference with previous tick at the opening of order (in points)Difference with next tick at the closing of order (in points)
4021386402138625.03.2020 7:56:14buy10XAUUSD.m1 610,810,000000,0000025.03.2020 7:56:451616,215 400.000,51729038
4033299403329925.03.2020 7:53:15buy10XAUUSD.m1610,780,000000,0000025.03.2020 7:53:481616,025 240.000,550202379
4033307403330725.03.2020 7:55:07buy10XAUUSD.m1610,960,000000,0000025.03.2020 7:55:241615,965 000.000,283217379
4021385402138525.03.2020 7:51:27buy10XAUUSD.m1610,350,000000,0000025.03.2020 7:51:521615,164 810.000,417241375
4032479403247925.03.2020 7:02:41buy10XAUUSD.m1610,030,000001 614.0025.03.2020 7:02:451614,684 650.000,067337238
4032483403248325.03.2020 7:12:35sell10XAUUSD.m1615,150,000000,0000025.03.2020 7:12:401611,8503 300.000,0834602
4032713403271325.03.2020 7:59:34buy10XAUUSD.m1609,750,000000,0000025.03.2020 8:01:071612,823 070.001,5502656
4032754403275425.03.2020 7:14:57buy10XAUUSD.m1608,890,000000,0000025.03.2020 7:17:221611,622 730.002,417233317
4033265403326525.03.2020 7:19:18sell10XAUUSD.m1611,490,000000,0000025.03.2020 7:19:301608,892 600.000,20040919
4033271403327125.03.2020 6:54:25buy10XAUUSD.m1610,940,000001 613.6025.03.2020 6:54:311613,352 410.000,100361
361

Please, let us know should any assistance be necessary.

Kind regards,
OctaFX Rep.
Hello @OctaFX Rep

Please answer me the following questions,

1. Your ‘arbitrage’ Explains not match with your customer agreement, why?
2. I done my all trades manually with MT5 mobile platform. Most of the XAUUSD orders are limit orders with target point. trades hit target points automatically.. it’s permissible common trading strategy... if you not agree please explain how to perform trade in high volatility market...
3. If you are really connect my trades to direct liquidity market, what is the problem with you? It’s normal limit order micro trading. If my order hit SL than you are ready to give money from your pocket? Please explain us, how to perform ‘micro trading’.
4. Ticket number 4021385 stop out within 2 seconds from order placed, due to that lost full capital. Can you explain about this... if client losing money in short duration is it ok? No need to talk about seconds.. Manual Short trades is permissible every where!
5. my all trades are manual trades, using MT5 mobile platform,
6. What you are trying to tell? Making manual micro trades on high volatility market is illegal?
7. What about my EURUSD trade profit around 10000$
 
Messages
20
Dear Ayisha Rajasekhar,

We apologise for the wait in providing our response, please understand that our team had to compare the data you've provided with our system data. To do it as thoroughly as possible, we had to take the necessary time.

We wish to include a disclaimer that the data we're about to add below is solely individual, which means that it does not reflect all possible cases of arbitrage, rather it refers to your case only.

First of all, we wish to include an explanation of how arbitrage can be detected. Followed by the distribution of your orders by duration and difference in ticks, as well as profit.

Fig.1: Detection of arbitrage trading


In respect to Fig.1: The client opens a Sell Order: If he knows that the next tick is much lower than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread. The client opens a Buy Order: If he knows that the next tick is much higher than the current one, he immediately opens an order. Thus, it directly receives a profit if the difference is higher than the spread.
Such a significant difference with a neighboring tick occurs very rarely. For example, dozens of price changes can happen in a few seconds, and only one of them will be larger than the spread. This is normal if the client sometimes opens orders on a strong market's move. But, when most of his orders take place on strong movements - this is a clear arbitrage. Since the client knows about the strong movement, before this movement, he opens a deal in the corresponding direction. An important feature of this strategy is the short duration of orders, the use of an expert adviser.

The report below will present specific examples of arbitrage trading in your case.

Fig.2: Distribution of orders by duration and difference (in points) with the next tick



In respect to Fig.2: This chart shows us the distribution of your orders counted by time and the difference with the next tick at the opening. Please note, that if the difference is positive, it means that the tick client took was better for him by the number of points on the x-axis. The value of the bar = number of orders.
The chart shows that 51 orders out of 64 (80%) were opened on a tick when the difference between the opening tick and the next tick was more than 200 points in the client's direction. That means that in the case of Buy orders, the next tick after opening was more than 200 points higher, and in the case of Sell orders - 200 points lower.
The chart also shows that most trades opened before this price difference had a duration of up to 30 seconds. This low duration of orders is one of the key elements of arbitrage trading.
The probability of obtaining such a distribution of orders is less than 1% and is considered a purposeful implementation of arbitrage.

Fig. 3: Distribution of orders profit ($) by length and ticks difference (in points)

In respect to Fig.3: This graph shows that most of the profit from your trades was obtained with trades lasting less than one minute and with a difference of more than 200 points from the neighboring price.

Summarizing all of the above, our team provided the following conclusions regarding why was deemed you were using arbitrage:
  1. High frequency of short duration orders;
  2. High profit as a result of high-frequency orders (93% of the total profit);
  3. Opening orders only in the moments before strong movements and ignoring weaker market movements;
  4. Non-randomness of opening high-frequency orders on strong market movements (with a probability of more than 99%);
In light of all the above, we wish to include a couple of examples:

TicketPositionOpen_TimeTypeVolumeSymbolOpen_PriceS / LT / PClose_TimeClose_PriceProfitDuration (min)Difference with previous tick at the opening of order (in points)Difference with next tick at the closing of order (in points)
4021386402138625.03.2020 7:56:14buy10XAUUSD.m1 610,810,000000,0000025.03.2020 7:56:451616,215 400.000,51729038
4033299403329925.03.2020 7:53:15buy10XAUUSD.m1610,780,000000,0000025.03.2020 7:53:481616,025 240.000,550202379
4033307403330725.03.2020 7:55:07buy10XAUUSD.m1610,960,000000,0000025.03.2020 7:55:241615,965 000.000,283217379
4021385402138525.03.2020 7:51:27buy10XAUUSD.m1610,350,000000,0000025.03.2020 7:51:521615,164 810.000,417241375
4032479403247925.03.2020 7:02:41buy10XAUUSD.m1610,030,000001 614.0025.03.2020 7:02:451614,684 650.000,067337238
4032483403248325.03.2020 7:12:35sell10XAUUSD.m1615,150,000000,0000025.03.2020 7:12:401611,8503 300.000,0834602
4032713403271325.03.2020 7:59:34buy10XAUUSD.m1609,750,000000,0000025.03.2020 8:01:071612,823 070.001,5502656
4032754403275425.03.2020 7:14:57buy10XAUUSD.m1608,890,000000,0000025.03.2020 7:17:221611,622 730.002,417233317
4033265403326525.03.2020 7:19:18sell10XAUUSD.m1611,490,000000,0000025.03.2020 7:19:301608,892 600.000,20040919
4033271403327125.03.2020 6:54:25buy10XAUUSD.m1610,940,000001 613.6025.03.2020 6:54:311613,352 410.000,100361
361

Please, let us know should any assistance be necessary.

Kind regards,
OctaFX Rep.
@OctaFX Rep Fig. 1 explained as funny, every trader will laugh.:. This is the normal trading strategy everyone trading... all trades have risk factor, if Market move to opposite direction from entry. trader will lose money, next movement of market is predictable, but not assured one!

market direction also possible as I marked here in image!
 

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