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Sector Capital 1 - PriorFX (By BP33 )

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Sector Capital 1 - PriorFX Discussion

nicalberg
Oct 10 2016 at 06:11
2 posts
Mine account balance is gone from 2550 to 1245 to 1800 and now 1049 usd since yesterday! Creepy...
Invermas
Oct 10 2016 at 06:24
8 posts
Same here, please let me know if you have an update. thanks.
dennislye
Oct 10 2016 at 07:45
14 posts
Hello All,

It looks like everyone is suffering from the sudden further deduction of our accounts. Instead of waiting for Sector to answer.

I suggest everyone to request for an answer!

Sector PAMM Manager may not be able to ask on behalf of everyone as PriorFX reserve the right NOT to answer as these are our accounts.

Regards
Dennis
johndoe2016
Oct 10 2016 at 07:45
58 posts
I have sent an email to support at Priorfx asking when this issue will be resolved.
jajest
Oct 10 2016 at 08:14
29 posts
when I click on the withdrawal page, I end up in the deposit page ... anyone else too ?
tomazxyn
Oct 10 2016 at 10:21
27 posts
No Word from BP33 While Priorfx is eating up our remaining Balance gradually..I am just trying not to say moving with bp33 to priorfx was a BIG MISTAKE.
blacklion
Oct 10 2016 at 10:39
1 posts
Hello @jajest, looks like the deposit page but you can choose the payment method and go trough the withdrawal process. Anyway its so strange that a 5 millon account only have 15 clients as long as the number of people I see that comment here.
dennislye
Oct 10 2016 at 11:02
14 posts
Hi All,

I received a note from BP33 that he has a colleague meeting PriorFX. He will update us after the session .

Regards
Dennis
watchme
Oct 10 2016 at 11:54
582 posts
dennislye posted:
Hi All,

I received a note from BP33 that he has a colleague meeting PriorFX. He will update us after the session .

Regards
Dennis

That's nice dennis, keep us updated, thanks guys.
Never Give Up or Give In To The Market
jajest
Oct 10 2016 at 11:54
29 posts
Thanks Dennis for the update. I agree with tomazxyn that BP33 owe us a explanation and an advise what to do. After all, we followed him from HF to this broker coz of orders who do not got filled at HD if I remember well...
johndoe2016
Oct 10 2016 at 12:02
58 posts
Guys the money is gone. It is offical now.

The stop didn't work.

I am withdrawing everything now.

Loss approx 60%.

watchme
Oct 10 2016 at 12:07
582 posts
johndoe2016 posted:
Guys the money is gone. It is offical now.

The stop didn't work.

I am withdrawing everything now.

Loss approx 60%.

😱 oh my God....
Never Give Up or Give In To The Market
tomazxyn
Oct 10 2016 at 12:14
27 posts
We should never have left hotforex and I still can't understand why Bp33 choose to buy GBP heavily even after brexit..market went haywire and Algorithm Failed then broker pass the worst possible loss to we the investor..This is a broker Bp33 recommended..
majamivice
Oct 10 2016 at 13:25
52 posts
Guys, chill out little bit. Wait tills BP33 come back and comment and we'll also get some email from PriorFX explaining all of this. Just little patience now.
dennislye
Oct 10 2016 at 13:47
14 posts
Dear all,

The agreement states clearly a stop out at 45% maximum drawdown (55% of the balance last Fri). PriorFX therefore should oblige to follow through with that action.

I had formally email my complaints to [email protected]
https://priorfx.com/en/about-us/complaints/

We reserve our legal rights to take action.

FYI, BP33 indicated that PriorFX didn't specify other actions. I therefore file a formal complain as a possible start of any further actions.

PriorFX Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). License 221/13. Company Reg. HE 321360. PriorFX is governed by all applicable EU and local regulations including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
Client categorization: All clients are categrized as retail clients unless otherwise communicated to the client who are therefore under increased protection of the law and eligible for claims to the investor compensation fund.


Regards
Dennis Lye
Pablo51
Oct 10 2016 at 14:07
91 posts
dennislye posted:
Dear all,

The agreement states clearly a stop out at 45% maximum drawdown (55% of the balance last Fri). PriorFX therefore should oblige to follow through with that action.

I had formally email my complaints to [email protected]
https://priorfx.com/en/about-us/complaints/

We reserve our legal rights to take action.

FYI, BP33 indicated that PriorFX didn't specify other actions. I therefore file a formal complain as a possible start of any further actions.

PriorFX Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). License 221/13. Company Reg. HE 321360. PriorFX is governed by all applicable EU and local regulations including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
Client categorization: All clients are categrized as retail clients unless otherwise communicated to the client who are therefore under increased protection of the law and eligible for claims to the investor compensation fund.


Regards
Dennis Lye

Exactly. Let's wait for PriorFX communication but if not in line with the agreement we should consider further legal actions. Because these actions are always more efficient if collective I suggest investors to keep tuned.
jajest
Oct 10 2016 at 14:18
29 posts
the communication is already in your mailbox. I just received their email. Basically, they explain a bit the situation and ask for patience for further investigation. But I think this is going to be a long long story, before or if there will be any further action in our favor.
fire_kid
Oct 10 2016 at 14:21
50 posts
starting of the month my initial balance was 1560 approx. this month bp33 made 41.75% loss according to myfxbook. so currently my account balance should be 908.70USD.

friday after market closed my balance was 804.xx USD today before market open balance jumped to approx 1200USD and now come down to 670.47USD so basically my equity is now 43% approx.

now here comes the '45% equity protection'. when account had 85% DD priorfx system could not stop the trades. now after bp33 able to make all trades close in 59% (approx) equity. priorfx started calculated after market closed and all account made 40~45% equity. how this can acceptable?

please tell me if i saying anything wrong.




plop1234
Oct 10 2016 at 14:55
8 posts
Im sure prior fx did, once the 45 percent is hit, they send the orders to the market...... i bet u they never guaranteed 45 percent and you dont have that in writing that this is the case.
smyri
Oct 10 2016 at 14:56
5 posts
Hi

What makes strange here is that I have 75% drawdown at the moment. Last Friday it was around 55%. It seems people have different DD even though we have had the same trades and no withdraws or deposits have been made since beginning of DD started.

I agree with Dennis. I signed the paper with clear stop 45%.
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