i have started with PFD an IB MAM account and i promised the company to bring over 2 millions dollars net worth of clients, but my condition was to test the water before i hail in ..
brought my first client and asked her to throw in a 1 thousand dollar
i came to PFD because of one thing and one thing only ! low spread and also to test it and compare with other brokers ...
after i start trading i noticed that the spread isn't actually low for the EUR/USD pair was about 2.3 . i messaged Compliance " Paul" and he claimed that because my account is MAM and they have to pay me rebate he spread is high . so i came to an agreement with him and i said okay well, i am not looking for a rebate but for a good execution rate and low spread,
now his best solution was that PFD Cancel my contract and not paying me any rebate and give me a lower spread . i said YES to the agreement .
i went back to trading again and i was not aware of the fact that this broker has a large slippage market gap and poor filling orders . that cost me almost the whole 1 thousand dollar . in that time another client was in the process of depositing and 4 others on the way . i stopped all transactions and i said i should test this broker further more on these issues ..
after a week from my agreement being cancelled i noticed that spread return to be very high " please see attachment " and Mr. Paul responds were nothing but normal and regular excuses for a market maker dealing desk broker .. for instance this is the best rate we have from our liquidity provider, the spread is higher at night time, slippage cause higher spread due to recap and the list goes on and on ....all EXCUSES !! if that the case Mr. Paul why did you offer me low spread ??
no it goes beyond that where he actually so low ethic and rude as he acknowledge the problem yet did not offer me any rebate !
after countless of emails and chatting with their online support telling him dude i am still suffering with high spread without this issue being resolved .
i was fed up with this and i wanted to post a review on FPA against this fraudulent activity on the account because i am being robbed basically clean and clear and lied to, i see this posted by another person from Canada :
I actually now have a volume agreement with them as I moved some large systems over. I am allowed to introduce others at these conditions if anyone is interested. You get the base spread minus 0.3 pips, this will give you spread on USD/JPY and EUR/USD around 0.2 pips with no commission whatsoever. It drops sometimes to negative 0.1 pips on occasion! I have spent years hunting and these are the best real conditions I negotiated anywhere. Note this is a true (no mark up discount) so take 0.3 pips off the demo spread to assess what you will get live. You get an instant credit into your account after each trade. This is a win-win situation you the absolute best conditions, and it helps me continue a good relationship with the broker to maintain these conditions when my systems have a quiet month.
i did not believe my eyes ! this trash been lying to me and charging me with high spread just because he decided so .
In that time and unfortunately my second client deposit came through and note the amount he transferred is not the same amount came through to his account . Now the murderer habit is to always point finger after he commit a crime, They claim its my client's bank .
After digging into why the amount shown in my client PFD trading account was less than the amount he transferred is because of the third party they use . They charge unbelievable commissions . So for those who wants to transfer money be aware .
Nonetheless after the money came through we tried to trade a little so we can balance it back up a bit with HIGH SPREAD note and i wasn't paid rebate .
Now we are trading with 2 accounts one has higher equity than the other, but we are trading with volume of 0.01 . After taking few trades another SCAM activity i noticed " well i guess its in their blood " . The trades are only executed on one account, not on both, even though its a MAM account and trades should be executed on all accounts linked . When confronted that was their pathetic respond :
We observe that though ac 65***- ***** ****** is one of the accounts linked to MAM, it has an exceptionally disproportionate lower equity/free funds compared to one of the other ac 65*** – ****** ******* linked to MAM.
When trading comparably small trade sizes and when linked accounts have a comparatively higher and disproportionately free funds, it is possible, due to rounding off, the entire small size trades could flow to the ac with higher disproportionately free fund.
E.g., ac1 has 100$ ac2 has 10000$, then proportion of trades from a small size trade for ac1 could be either negligible or zero.
Paul do you hear your self how pathetic and stupid you sound ?
Lets move on ... Besides all that they are doing I open my MT4 and i see the market is merging towards my pending orders got all excited all profitable trades and all of a sudden trades are cancelled !?!?!?!?!?! What the hell happened ?
Of Coarse a broker who is less interest that you make money for obvious reasons mot being STP but market maker and his intention that you loose money so they profit . Logic ? I believe so ..
I went online started to chat with their online support and after he checked he said that these order have been expired ! I said well the pending orders are placed without any expiry . When you place a pending order at the bottom you have a box that you can check if you want your orders to be expired at a certain date . All my pending orders were placed without any expiry .
So i emailed their support and they claimed that these trades were cancelled by myself . I said that is not true i have no interest of intervening with my own orders because it was me who set the robots there for that purpose in the first place .
The respond and quick action was to block me from logging in to my MAM account . Their condition to unblock the account was : here i will post it for you
Please give us your assurance that in case orders are cancelled from IP 85.61.140.60 in future also, you would own responsibility so as to consider unblocking the IP.
Thats right they want me to to take responsibility over something i did not commit .
he wanted me to give him the green light for continuing cancelling trades by acknowledging that it is me who cancelling pending orders .
Paul " from compliance " is trying to manipulate me on taking responsibility on actions was done by his firm .also to cover his ass from Forex pace army in case there is a post so he can say hey look he admitted that it was him !
i mean ? what kind of low ethic broker are you ? you re blocking my IP and using that against me because i claimed that you cancelled trades for me ? and you want me to say yes i did your crime and under that condition only you will unblock my IP and let me trade so you can have the green light to continue with your dirty work ? no and you are even rude and shameless that you have the gut to confront me ?
The last thing i want to add here is that this broker has been modifying my orders on a tighter SL than the one originally set by the Robots, which means higher chances of losing the trades and of-coarse you will not notice that because its robotic isn't it ?! STAY AWAY FROM THESE SCAMMERS . I contacted the person who i bought the robots from and he confirmed that the SL was modified because the one he has is different .
FPA please help me against these monsters by spreading the word and let others know . I would also like to have a court against them as i have a solid proof for every thing i said .
brought my first client and asked her to throw in a 1 thousand dollar
i came to PFD because of one thing and one thing only ! low spread and also to test it and compare with other brokers ...
after i start trading i noticed that the spread isn't actually low for the EUR/USD pair was about 2.3 . i messaged Compliance " Paul" and he claimed that because my account is MAM and they have to pay me rebate he spread is high . so i came to an agreement with him and i said okay well, i am not looking for a rebate but for a good execution rate and low spread,
now his best solution was that PFD Cancel my contract and not paying me any rebate and give me a lower spread . i said YES to the agreement .
i went back to trading again and i was not aware of the fact that this broker has a large slippage market gap and poor filling orders . that cost me almost the whole 1 thousand dollar . in that time another client was in the process of depositing and 4 others on the way . i stopped all transactions and i said i should test this broker further more on these issues ..
after a week from my agreement being cancelled i noticed that spread return to be very high " please see attachment " and Mr. Paul responds were nothing but normal and regular excuses for a market maker dealing desk broker .. for instance this is the best rate we have from our liquidity provider, the spread is higher at night time, slippage cause higher spread due to recap and the list goes on and on ....all EXCUSES !! if that the case Mr. Paul why did you offer me low spread ??
no it goes beyond that where he actually so low ethic and rude as he acknowledge the problem yet did not offer me any rebate !
after countless of emails and chatting with their online support telling him dude i am still suffering with high spread without this issue being resolved .
i was fed up with this and i wanted to post a review on FPA against this fraudulent activity on the account because i am being robbed basically clean and clear and lied to, i see this posted by another person from Canada :
I actually now have a volume agreement with them as I moved some large systems over. I am allowed to introduce others at these conditions if anyone is interested. You get the base spread minus 0.3 pips, this will give you spread on USD/JPY and EUR/USD around 0.2 pips with no commission whatsoever. It drops sometimes to negative 0.1 pips on occasion! I have spent years hunting and these are the best real conditions I negotiated anywhere. Note this is a true (no mark up discount) so take 0.3 pips off the demo spread to assess what you will get live. You get an instant credit into your account after each trade. This is a win-win situation you the absolute best conditions, and it helps me continue a good relationship with the broker to maintain these conditions when my systems have a quiet month.
i did not believe my eyes ! this trash been lying to me and charging me with high spread just because he decided so .
In that time and unfortunately my second client deposit came through and note the amount he transferred is not the same amount came through to his account . Now the murderer habit is to always point finger after he commit a crime, They claim its my client's bank .
After digging into why the amount shown in my client PFD trading account was less than the amount he transferred is because of the third party they use . They charge unbelievable commissions . So for those who wants to transfer money be aware .
Nonetheless after the money came through we tried to trade a little so we can balance it back up a bit with HIGH SPREAD note and i wasn't paid rebate .
Now we are trading with 2 accounts one has higher equity than the other, but we are trading with volume of 0.01 . After taking few trades another SCAM activity i noticed " well i guess its in their blood " . The trades are only executed on one account, not on both, even though its a MAM account and trades should be executed on all accounts linked . When confronted that was their pathetic respond :
We observe that though ac 65***- ***** ****** is one of the accounts linked to MAM, it has an exceptionally disproportionate lower equity/free funds compared to one of the other ac 65*** – ****** ******* linked to MAM.
When trading comparably small trade sizes and when linked accounts have a comparatively higher and disproportionately free funds, it is possible, due to rounding off, the entire small size trades could flow to the ac with higher disproportionately free fund.
E.g., ac1 has 100$ ac2 has 10000$, then proportion of trades from a small size trade for ac1 could be either negligible or zero.
Paul do you hear your self how pathetic and stupid you sound ?
Lets move on ... Besides all that they are doing I open my MT4 and i see the market is merging towards my pending orders got all excited all profitable trades and all of a sudden trades are cancelled !?!?!?!?!?! What the hell happened ?
Of Coarse a broker who is less interest that you make money for obvious reasons mot being STP but market maker and his intention that you loose money so they profit . Logic ? I believe so ..
I went online started to chat with their online support and after he checked he said that these order have been expired ! I said well the pending orders are placed without any expiry . When you place a pending order at the bottom you have a box that you can check if you want your orders to be expired at a certain date . All my pending orders were placed without any expiry .
So i emailed their support and they claimed that these trades were cancelled by myself . I said that is not true i have no interest of intervening with my own orders because it was me who set the robots there for that purpose in the first place .
The respond and quick action was to block me from logging in to my MAM account . Their condition to unblock the account was : here i will post it for you
Please give us your assurance that in case orders are cancelled from IP 85.61.140.60 in future also, you would own responsibility so as to consider unblocking the IP.
Thats right they want me to to take responsibility over something i did not commit .
he wanted me to give him the green light for continuing cancelling trades by acknowledging that it is me who cancelling pending orders .
Paul " from compliance " is trying to manipulate me on taking responsibility on actions was done by his firm .also to cover his ass from Forex pace army in case there is a post so he can say hey look he admitted that it was him !
i mean ? what kind of low ethic broker are you ? you re blocking my IP and using that against me because i claimed that you cancelled trades for me ? and you want me to say yes i did your crime and under that condition only you will unblock my IP and let me trade so you can have the green light to continue with your dirty work ? no and you are even rude and shameless that you have the gut to confront me ?
The last thing i want to add here is that this broker has been modifying my orders on a tighter SL than the one originally set by the Robots, which means higher chances of losing the trades and of-coarse you will not notice that because its robotic isn't it ?! STAY AWAY FROM THESE SCAMMERS . I contacted the person who i bought the robots from and he confirmed that the SL was modified because the one he has is different .
FPA please help me against these monsters by spreading the word and let others know . I would also like to have a court against them as i have a solid proof for every thing i said .