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Discussion of the Live Forex Contest MaxFX Forex Contest

Feb 01, 2016 at 11:26
4,609 zobrazení
80 Replies
Členem od Mar 27, 2015   34 příspěvků
Mar 03, 2016 at 12:21
Your account is fully enabled, we just checked.
Členem od Jun 21, 2012   4 příspěvků
Mar 03, 2016 at 13:41
Margin on CHF pairs 2500%??? Sick...
Členem od Mar 27, 2015   34 příspěvků
Mar 03, 2016 at 14:51 (Upravené Mar 03, 2016 at 14:51)
We have now Integrated Live Chat into our website
Členem od Apr 13, 2012   23 příspěvků
Mar 04, 2016 at 08:12
iPhone posted:
How long you guys take to activate a trading account? My funded account still showing Trade Disabled. I went to the site to contact live support & to my surprise you guys are not providing any live support. I didn't remember when last time i saw a forex broker with no live support. This is very frustrating.

Though they told me my account was fully enabled , I still got 'trade is disabled' which is really really frustrating . Tired of slow support and weird issues with platform , I already withdrawn funds and stop trading the contest . Good thing is they proceed my withdrawal request within 1 business day as promised on the FAQ .

Good lucks to others contestants !
Trading for a "LIVING"
iPhone
forex_trader_116663
Členem od Mar 14, 2013   7 příspěvků
Mar 04, 2016 at 08:17
kiddragon1412 posted:
iPhone posted:
How long you guys take to activate a trading account? My funded account still showing Trade Disabled. I went to the site to contact live support & to my surprise you guys are not providing any live support. I didn't remember when last time i saw a forex broker with no live support. This is very frustrating.

Though they told me my account was fully enabled , I still got 'trade is disabled' which is really really frustrating . Tired of slow support and weird issues with platform , I already withdrawn funds and stop trading the contest . Good thing is they proceed my withdrawal request within 1 business day as promised on the FAQ .

Good lucks to others contestants !

Just now i also requested for withdrawal. Good luck to others :)
Členem od Dec 31, 2015   9 příspěvků
Mar 07, 2016 at 11:08
oh lol, look at all those who've margined called.. 2500% margin? That's crazy!
Členem od Sep 28, 2015   8 příspěvků
Mar 07, 2016 at 13:32
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.


Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.
Členem od Mar 01, 2013   582 příspěvků
Mar 07, 2016 at 13:58
FFAM posted:
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker but ECN SCAM. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.


Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.

I wait for response from MaxFX for further explanation on what is 'Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX'?
Never Give Up or Give In To The Market
Členem od Jan 08, 2016   281 příspěvků
Mar 07, 2016 at 14:19 (Upravené Mar 07, 2016 at 14:24)
Paragraph 8.36 :

8.36 Where the Company determines that the Client either once-off or systematically takes advantage of delayed or wrong price
feeds by trading on them, the Company reserves the right (a) to adjust the price(s) and/or the spread provided to the Client, (b)
to delay the price confirmation and/or re-quote the price offered., (c) to restrict Client’s access to the Trading Platform and/or
provide only manual quotes, (d) to retrieve any historic profits from the Client’s trading account, provided that it can document
that such trading profits have been obtained as a result of a price(s) abuse at any time during the relationship with the Client.,
(e) to immediately terminate by way of written notice the relationship with the Client.

Paragraph 28.3 :

28.3 The Company may terminate this Agreement immediately without giving five (5) business days notice in the following events
of default:
i. Death of the Client
.............

Paragraph 28.4 :

28.4 The Company may terminate this Agreement immediately without giving five (5) business days notice, and the Companyhas
the right to reverse and/or cancel all previous transactions on a Client’s account, in the following events of default:
i. The Client involves the Company directly or indirectly in any type of fraud, in which it places the Company’s or any
Company’s Clients interests at risk prior to terminating theAgreement


No idea how a fraud can happen by a trader !
It's always the broker who is the fraudster because he is operating the system.
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Členem od Mar 27, 2015   34 příspěvků
Mar 07, 2016 at 14:39
watchme posted:
FFAM posted:
So ladies and gentlemen, here is my short review about this SCAM broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker but ECN SCAM. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?
This is THE absolute scam.
So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.
MAXFX is a clear example of how to rob clients .

Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.

I wait for response from MaxFX for further explanation on what is 'Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX'?

The terms were pasted from another user, as for our official response:

After examining your trading activity we lead to the conclusion that your trading activity took advantage of latency in quote updating. As a result the Company concluded that you have breached our trading T&C along with those that rule the MaxFX Competition and proceeded with the termination of your account.

Členem od Mar 01, 2013   582 příspěvků
Mar 08, 2016 at 00:26
MaxFX_Broker posted:
watchme posted:
FFAM posted:
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.

Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.

I wait for response from MaxFX for further explanation on what is 'Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX'?

The terms were pasted from another user, as for our official response:

After examining your trading activity we lead to the conclusion that your trading activity took advantage of latency in quote updating. As a result the Company concluded that you have breached our trading T&C along with those that rule the MaxFX Competition and proceeded with the termination of your account.

but have all their initial deposit been returned to them? Some are complaining they did not get that back...
Never Give Up or Give In To The Market
Členem od Apr 13, 2012   23 příspěvků
Mar 08, 2016 at 08:08
FFAM posted:
So ladies and gentlemen, here is my short review about this broker
Summary:
Today I earned 28000 USD. (Proof my contest account) Then MAXFX began acting just like yesterday, and increased the SPREAD to beat me. There were moments when the increased spread over 15 pips. What is really awfull? Example: my platform show me BID-ASK 015-017 but when i place BUY order i got price 35! Beautifull.
This is not an ECN broker. They manipulated the price right before the eyes of mime.


So support MAXFX e-mailed me that he does not pay any profit. Great support!!!
I'm risking my money in the market and they will not pay me?

So if You once earn money in Forex, it is almost certain that with a broker like MAXFX get anything like others scam broker.

Here is the message They sent me. Really funny.
(Dear Sir,

In violation of Paragraphs 8.36, 28.3 and 28.4 of the Terms & Conditions of MaxFX, your account has been terminated and it has an immediate effect.

As a result you will be refunded with your initial deposit only.

We remain at your disposal should you require any additional information.

Thank you,

Compliance Department
TOPFX))))))))))))))))))

Fortunately, I recorded my day trading. I exert all means to get what belongs to me and still constitute abuse MAXFX.

Good luck to everyone.
MaxFx should explain this case as soon as possible pls . I don't really care about Maxfx reputation as Maxfx didn't allow me to trade even after funded & sent all types of documents , so I withdrew all my money as well as from the contest. Unfortunately , this kind of contest with unreliable broker really affecting Myfxbook reputation plus with previous contest where I saw some posts complaining about long delay regarding sending rewards to winners .

Though live contest is really fun & amazing opportunities for traders , it should be well-organized by trusted broker as well .
Trading for a "LIVING"
Členem od Aug 13, 2015   2 příspěvků
Mar 08, 2016 at 08:10
FFAM posted:
So ladies and gentlemen, here is my short review about this broker

LoL, I am not surprised at all, the system was lagging over 1 min, was easy to play on history prices. But I don't understand how can ECN broker have a delayed price? If they are a DeskDealer please say that then.
Členem od Sep 28, 2015   8 příspěvků
Mar 08, 2016 at 08:17
That is your opinion. Opinion regulators will be more important not just for me but also for You if you are able to offer fin. services. Because yours mess proves that you robbing money and people's time and those paragraphs XYZ just to prove nothing because
I saw your CHART, The chart What other participants had seen who had the same condition as me, Except my transactions have been deleted but transactions others participants have been preserved. How is it possible?
Členem od Jan 08, 2016   281 příspěvků
Mar 08, 2016 at 09:20
FFAM posted:
I saw your CHART, The chart What other participants had seen who had the same condition as me, Except my transactions have been deleted but transactions others participants have been preserved. How is it possible?

How could you manage gains of 20 to 35 points in less than one minute on some pairs (EURCAD for example) on Friday when there was not much movement ?
I think all of us will be interested to know this great way to profit.

Good luck !
Complexity is expensive, inefficient, and ineffective > Crocodile trading
Členem od Mar 27, 2015   34 příspěvků
Mar 08, 2016 at 09:58

MaxFx should explain this case as soon as possible pls . I don't really care about Maxfx reputation as Maxfx didn't allow me to trade even after funded & sent all types of documents , so I withdrew all my money as well as from the contest. Unfortunately , this kind of contest with unreliable broker really affecting Myfxbook reputation plus with previous contest where I saw some posts complaining about long delay regarding sending rewards to winners .

Though live contest is really fun & amazing opportunities for traders , it should be well-organized by trusted broker as well .
You have been contacted and we did enable your account as we do with all traders who upload documents and deposit. We double checked and you were indeed, trading enabled.

Členem od Mar 31, 2010   32 příspěvků
Mar 08, 2016 at 12:46

MaxFX deleted my profits.

MaxFX blocked my account.

MaxFX did not refund me all my initial deposits.


I advise all to be Careful



Členem od Mar 01, 2013   582 příspěvků
Mar 08, 2016 at 12:48
mothaya posted:

MaxFX deleted my profits.

MaxFX blocked my account.

MaxFX did not refund me all my initial deposits.


I advise all to be Careful



MaxFX, please advise.
Never Give Up or Give In To The Market
Členem od Mar 01, 2013   582 příspěvků
Mar 08, 2016 at 14:31
Ethan, can you help to clear those disqualified from the competitors list. Thank you.
Never Give Up or Give In To The Market
Členem od Sep 28, 2015   8 příspěvků
Mar 08, 2016 at 15:09
MAXFX do not know what you're talking about I was just lucky day. Today I received a statement from my regulator. All profits must be paid to me, even if it were a given problem is a problem broker who failed to secure his system. So we'll see what happens.
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