@oscarra Thank for your comment and support. The bitter truth is that ASIC is the regulator but does not intervene in these disputes. I called a few lawyers. Charges are sky high and these brokers know that there is lack of law enforcement around financial firms in Australia.Damn Fact…the Broker changed account leverage without client consent holding open positions !
….which interferes on price, in front of any criminal court it’s called price manipulation, it don’t matter what T/C say these are no laws, next why would a Broker do that, to protect their clients assets ?... how could they know next seconds hours days price action, if…. it would refer to inside trading, one more crime !
These are Criminal Broker practices, since years way before 2015 chf event
Btw, who are there tech. liquidity providers…. Israel’s Leverate, PandaTs …?
Look at the response I received from ASIC . They basically tell you piss off and never contact us again!
They send these template responses to everyone. I tried to contact them again but they did not bother to reply back.
No wonder many brokers rip off people in Australia and ASIC just sit and watch. Look at the Melbournian muscle guy who opened himself a Forex broker and took millions of dollars and some people are still not able to get their money back! "Play hard Work harder!" was his motto on his Instagram!
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