Profit Greider (PAMM)討論

PAMM Account is liquidatet! Why and who did?

10.14.2013 17:04 Withdrawal -692448.20

Where is the money now?? 🙄

Well ,

problem always appear when a system generates more than 100% monthly , at this stage you fall on the 'radar' of the
broker first ( a friend of mine works for a broker in Aussie land) , then the broker assign one of their agent to watch and
monitor the winning account permanently , with all the dirty plugs-in they already have with 'boston technologies' they launch
the full package ...and if they do not succed to stop the winning horse , well ,they start to have problem with their 'books'
thus with the LP ( Liquidity provider). For sure they received the call from the LP last friday ... .

Solution ?? Several PAMM`s in different brokers ...

I agree, but its only a solution as long as the broker isn't a bucketshop like Alpari.

at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/

Don't be extreme guys, all brokers are not market maker, hence they don't care if you win or lose. All they want is volume and their LP to be happy.

I also heard about a stories like that sdek4x, that brokers 'check' accounts doing more than 100% monthly, which I can understand has its insane (from a rational investor point of view). I guess they check if everything is legit and especially if it doesn't smell like arbitrage.

Beside that, I don't think they could keep any money or do any dirty trick, especially to half a million account like this one.

I bet the trader used a lil tricky strategy or something on the 'limit' of the legality with Alpari...Let's hope he withdrew everything instead of the broker 'withdrawing him'.

medibkk posted:
at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/

Im not surprised, its typical bucketshop restriction. Once alpari changed their leverage policy to get rid of the winning marty/ grid traders...

Ликвидировано владельцем из-за изменений в торговых условиях.

Same here just received an email...pamm account liquidated !! 😡

PFewwww I received my money back though including the profit. I hope he opens another PAMM account though... 😳

People, such Broker has to be penalized! All 7oo Accounts shall be cancelled by users and take your money to another Broker. This is the only way to discipline Brokers!

What in the hell happened here!? It seens that this was liquidated and distributed.

ForexPro posted:

medibkk posted:
at Oct. 10th Alpari published a restriction for PAMM. Maybe Dimitri did overlook this. https://alpari-forex.com/en/company/news/2013/10/10/14_10_pamm_terms_changes/

Im not surprised, its typical bucketshop restriction. Once alpari changed their leverage policy to get rid of the winning marty/ grid traders...

Starting on this date, PAMM Account managers with more than 100,000 USD / 70,000 EUR / 70,000 GLD in total equity on their account will no longer be able to trade with more than 1:100 leverage.

Source: alpari-forex.com, 'Oct. 14 – New Leverage Restriction for PAMM Managers'

The truth is Most LP do not offer High leverage - https://www.spotware.com/partners/liquidity-providers

Brokers normally have more capital ( excess ) than the margin needed to hold your positions on desk and this allows the broker to offer you massively high leverage.

It is also best for the broker because with high leverage, we can open Larger Lots, and the broker makes more money through commission this way.

Alpari was liquid enough to cover the forced distribution? I wonder if all other pamms were done like this.

sdek4x posted:
Well ,

problem always appear when a system generates more than 100% monthly , at this stage you fall on the 'radar' of the
broker first ( a friend of mine works for a broker in Aussie land) , then the broker assign one of their agent to watch and
monitor the winning account permanently , with all the dirty plugs-in they already have with 'boston technologies' they launch
the full package ...and if they do not succed to stop the winning horse , well ,they start to have problem with their 'books'
thus with the LP ( Liquidity provider). For sure they received the call from the LP last friday ... .

Solution ?? Several PAMM`s in different brokers ...

I knew that this will happen because I did not go into PAMM. These are classic scams by brokers. This will do many broker. I've seen this in several reputable brokers.