Well, for the first time IFX cancelled my profit. I really hope it is due to miscalculation. Here is the screenshot of what they did https://prntscr.com/acl4rd
And my profit did not exceeded 10% at all. Their live support told me to send an email to email@example.com for the issue. So I did yesterday night. Now waiting for their reply. Hope for the best.
One funny thing is myfxbook is showing this issue as deposit and withdrawal.
Got a canned reply from them. Here it is:
The clauses 5.12 of the Public offer agreement was applied to your account:
5.12. When the price change, connected with the a difference between
the instrument last price at market close and the instrument first
price at market open, or connected with news release, leads to a
profit higher than 10% of the initial deposit, the Company reserves
the right to use correction of such trade financial result in the size
proportionate to the difference of the abovementioned prices in pips,
by means of deducting the funds with the comment 'Clause 5.12.
correction'.In certain cases it is at the Company’s discretion to set
the minimal profit change below a 10% level (of the initial deposit).
Please, pay attention that in certain cases it is at the Company’s
discretion to set the minimal profit change below a 10% level.
I asked them for a precise percentage in which my profits would not be cancelled.
I think I am going to loose more than $350 again which I made after that incident. :'(
They banned my trading method & cancelled $365 more profit as I suspected. Here is the screenshot https://prntscr.com/afuchj
Here is their latest reply to me:
Please, refer to the clause 5.12 of the Public offer agreement. As it
was mentioned in certain cases it is at the Company’s discretion to
set the minimal profit change below a 10% level.
The orders xx1100307, xx1099751, xx1094561, xx1094329 were corrected
in accordance with the clause 5.12 also.
In order to avoid such situations in future we recommend to abstain
from usage of the strategies based on getting profit from price gaps
and significant price movements caused by news releases.
The orders & their profit:
xx1100307 - $125
xx1099751 - 132.60
xx1094561 - $61
xx1094329 - $46.40
My initial deposit is $3,300. None of the above is near 10% profit but they have decided to reduce it abusing their rules.
Well it did not break me but felt very bad. At least did not loose my balance with 3 to 5 seconds virtual dealer delay.