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Live Forex Contest Max
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bartolj

Member Since Jun 21, 2012  4 posts bartolj Mar 13 2016 at 07:32
SuperOmino posted:
MAXFX don't SCAM ?

Look this picture!

Which king of broker during NO NEWS can have a slippage and this kind of execution?

In just 33 second more than 280 pip!

This is the account of bartolj during MAXFX Live Contest.

Good luck to all!


It was a BIG NEWS, Mario Draghi had a speech at ECB conference. I made a big all in trade on his speech, because it was obvious from his words that the price will hit high on EURUSD.

It was a fair and very riski trade also.

After all MaxFX cancelled my withdraw process, and made my balance with the same amount before this trade.

Should i be angry? Maybe sad? I don't know! But i realy have a mixed feelings on this broker and also this contest...

Just my 2 cents here

bartolj

Member Since Jun 21, 2012  4 posts bartolj Mar 13 2016 at 07:32
p.s.: and it was 130pips in 2minutes

rashmi

Member Since Sep 05, 2013  18 posts Rashmi (rashmi) Mar 15 2016 at 05:18
Good luck to all the participants .... :-)

SuperOmino

Member Since Oct 08, 2012  6 posts SuperOmino Mar 16 2016 at 07:14
bartolj posted:
p.s.: and it was 130pips in 2minutes


I'm talking about this two operation from your account!
Was on 11 of March at 11:05 and there wasn't news or Draghi talk and no other broker do this kind of slippage in just 33 second.

But if is ok for you, also for me is fine.

Attachments:

tylytrader

Member Since Jan 31, 2015  17 posts tylytrader Apr 01 2016 at 10:01
wow, wasn't involved in the contest but its amazing how both the first and second place winners had the same trading activity, exact time frames and dates ,open and closes, symbols, and actions, only difference was the lots, But hey congrats to all winners

Smile
chamchoun

Member Since Jan 22, 2010  99 posts chamchoun Apr 08 2016 at 02:38
MaxFX is a fraud - they registered 2 dummy accounts to win the top 2 prizes

https://www.myfxbook.com/members/ReynoldTrader registered Mar 15 10:45

https://www.myfxbook.com/members/gregorbowens registered Mar 15 10:57

12 minutes difference.

More or less same trades. No prior trading activity before this...

Even their broker review page had 2 pages of fake positive reviews until I called them out and they all got deleted - https://www.myfxbook.com/reviews/brokers/maxfx/929508,1

ScamFX more like it

iPhone

Member Since Mar 14, 2013  7 posts iPhone Apr 08 2016 at 06:59
tylytrader posted:
wow, wasn't involved in the contest but its amazing how both the first and second place winners had the same trading activity, exact time frames and dates ,open and closes, symbols, and actions, only difference was the lots, But hey congrats to all winners


It clearly looks like maxFx inserted those 2 dummy accounts just to avoid paying top 2 spots which is 90% of the total prize. Both members registered here on the same date; deposited same amount which is $1000 (why would someone deposit twice the minimum deposit in a contest), traded same crazy lots from 5.00, 10.00).

Well, i think myfxbook should avoid adding these type of bogus brokers otherwise they are only tarnishing their own reputation.

MaxFX_Broker

Member Since Mar 27, 2015  34 posts MaxFX_Broker Apr 08 2016 at 09:07 (edited Apr 08 2016 at 09:08 )
We did contact all three winners and indeed deposited the prizes into their trading accounts. We can confirm that all three of these users are individuals and reside in different countries. All prizes are fully withdrawable with no restrictions.

We are in no position to know the system these individuals used or how/and if they collaborated. Trading-wise they broke no rule of the contest.


Regarding the registrations:

Its a bit rushed to draw a conclusion based on time of registration. A look into the daily sign-ups during our peak registration period for this contest indicates that more pairs or more of users can be found that registered within the same hour, some even during the same minute. The same can be said about people who registered with myfxbook with the purpose of joining the contest.
This should not exclude someone from fair treatment.


  

kiddragon1412

Member Since Apr 13, 2012  23 posts Trinh Hoang Tuan (kiddragon1412) Apr 09 2016 at 10:35
MaxFX_Broker posted:
We did contact all three winners and indeed deposited the prizes into their trading accounts. We can confirm that all three of these users are individuals and reside in different countries. All prizes are fully withdrawable with no restrictions.

We are in no position to know the system these individuals used or how/and if they collaborated. Trading-wise they broke no rule of the contest.


Regarding the registrations:

Its a bit rushed to draw a conclusion based on time of registration. A look into the daily sign-ups during our peak registration period for this contest indicates that more pairs or more of users can be found that registered within the same hour, some even during the same minute. The same can be said about people who registered with myfxbook with the purpose of joining the contest.
This should not exclude someone from fair treatment.


  

Hi,
Thank you for quick respond . How about same trading activities exactly on both of their accounts ?

Trading for a "LIVING"
chamchoun

Member Since Jan 22, 2010  99 posts chamchoun Apr 11 2016 at 20:19
kiddragon1412 posted:
MaxFX_Broker posted:
We did contact all three winners and indeed deposited the prizes into their trading accounts. We can confirm that all three of these users are individuals and reside in different countries. All prizes are fully withdrawable with no restrictions.

We are in no position to know the system these individuals used or how/and if they collaborated. Trading-wise they broke no rule of the contest.


Regarding the registrations:

Its a bit rushed to draw a conclusion based on time of registration. A look into the daily sign-ups during our peak registration period for this contest indicates that more pairs or more of users can be found that registered within the same hour, some even during the same minute. The same can be said about people who registered with myfxbook with the purpose of joining the contest.
This should not exclude someone from fair treatment.


  

Hi,
Thank you for quick respond . How about same trading activities exactly on both of their accounts ?


Those traders were employed by MaxFX to take part so they can avoid paying the top 2 prizes. 'nuff said.

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