How I got RIPPED OFF by EXNESS...

very helpfull

jeevan007 posted:
i am still trading in exness,not faced any issues yet, however i am interested in knowing the honest brokers which u feel, i really value every traders suggestion, i contribute here only to share my experience never intended to have an argument with anybody, so i conclude my conversation with this, my sincere apology if i have hurt u with my comments,,hope u prove ur accusation and claim ur compensation,, trade well,,

You are a real funny guy Jeevan.
You have a split personality.

hwlm posted:

jeevan007 posted:
i am still trading in exness,not faced any issues yet, however i am interested in knowing the honest brokers which u feel, i really value every traders suggestion, i contribute here only to share my experience never intended to have an argument with anybody, so i conclude my conversation with this, my sincere apology if i have hurt u with my comments,,hope u prove ur accusation and claim ur compensation,, trade well,,

You are a real funny guy Jeevan.
You have a split personality.

u r funny too,, joker

We had a member - with this broker, with a high performance systems like our they will actively block with endless re-quotes... told the member pack his bags and move to a new broker. systems that place hundreds of trades per day they hate... that's not cool.... Look for a reputable American based broker

timusan posted:

eToroTeam posted:

Best regards,
Andy, eToro Team

You'd better shut up your... Etoro is honest broker? What about this? ;)
https://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/22116-etoro-inc-big-scam-they-theft-my-money-beaware.html

Hi timusan,

Yes, we are aware of this trader. She unfortunately received improper compensation due to a miscommunication and we've been trying to compensate the rest of her funds to her ever since, which has been complicated by the fact that she's closed her account. I assure you however that her loss was incurred due to a highly irregular incident during which our site had to shut down, and that we are absolutely committed to settling the matter in a manner that is just to all parties.

Best regards,
Andy, eToro Team

I do not know guys, exness is seemed to be ok. Although, for now.

Interesting story, any updates?

Please be cautious about EXNESS. They lure customers by giving 1:2000 leverage and in their fine print they say, they will reduce the leverage to 1:200 , 5 hours before Friday close. That means you trade with 1:2000 leverage and all of a sudden they will reduce the leverage , so that your Margin level becomes so low, so that all positions are stopped out.

I have not seen any other reputed brokers doing this.

It seems they need only 1 time customers.

All brokers' terms of business are there to protect themselves first. Clients are never protected.

than why dont they give 1:100 or 1:200 all the time, changing leverage during open traders is bs. nonethical.

because they are a broker. They can set as terms of business they wish. If everyone were to read every single line of brokers' terms of business, we may not even want to trade anymore

9.13. The company does not bear responsibility for the client terminal work errors and does not compensate the
losses caused by the terminal work errors since the company has exclusive rights for proper use of information and
trading system MetaTrader (client terminal) and has no right to provide technical support.

6.4. The Company has the right to change the customer's account leverage (higher or lower) without prior notice
according to the conditions described on the website of the Company.

Ah i've read enough of this nonsense.

biosko posted:
than why dont they give 1:100 or 1:200 all the time, changing leverage during open traders is bs. nonethical.

Exactly. They should open accounts only with 1:200 leverage only. Avoid Brokers like Exness , who set their own terms whenever they wish, and which is not an industry standard.

There should always be an Industry standard and any broker who sets their own terms should be banned immediately....

Hope Exness Learns from this...

just choose broker that regulated by good reputation broker such as NFA, FSA or ASIC

This is terrible Broker! Can't close position, damm ridiculuos ! Thought can call over phone to make order ?

fxbook89 posted:
Please be cautious about EXNESS. They lure customers by giving 1:2000 leverage and in their fine print they say, they will reduce the leverage to 1:200 , 5 hours before Friday close. That means you trade with 1:2000 leverage and all of a sudden they will reduce the leverage , so that your Margin level becomes so low, so that all positions are stopped out.

I have not seen any other reputed brokers doing this.

It seems they need only 1 time customers.

no? Ducascopy !!!!same practice! reduced to 1:50 on Friday.!!!!! shit broker

Even Dukascopy? But if we trade with the broker, we gotta play by their rules. No 2 ways about it.