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How I got RIPPED OFF by EXNESS...
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BellaVista507

Biedrs kopš Jan 19, 2013  251 ieraksti BellaVista507 Apr 04 2013 at 13:33
Mevo posted:
Turtlesrus posted:
Also, look for a definition of ä bucket shop and 'bucketing'. It''s just another term for a market maker, which Exness self admittedly happens to be.


A market maker 'makes the price' by posting the BID and the ASK, and takes all orders coming from its customers. There is NO orderbook and no LIQUIDITY involved, as the market maker takes all and every trades. After, they usually hedge their position on a real market to be sure to not loose big (they could win big too ...). They may only hedge a part, or only some customers and not another, etc ...

A bucket shop is indeed a market maker, but which takes all the risk (no hedge anywhere) assuming more customers will loose than the customers that will win money, which is usually the case. The usual problem with bucket shops is that they are loosing their own money when a customer wins money as they didn't hedge anything, and they usually use tricks to make traders loose more, and/or they sometime simply refuse to pay winning traders ...

As I'm concerned, I consider all this to be the broker problem. It's their business of how they handle their risk management, and I don't care at all, as long as they are honest (don't use tricks) and they pay you when you make a profit. Problem is that usually bucket shop are NOT honest ...


 MEVO... It has been a week. Where is the snapshot of your exness account, which shows your deposit history? Why have you posted here for everyone to see, and even private messaged me your failed withdrawal attempt. When if you post the deposit history it will support your claim of you being scammed? Is it because your crock of sh!t?

BellaVista507

Biedrs kopš Jan 19, 2013  251 ieraksti BellaVista507 Apr 04 2013 at 13:41
Turtlesrus posted:
Also, look for a definition of ä bucket shop and 'bucketing'. It''s just another term for a market maker, which Exness self admittedly happens to be.

 Once again your a 'deflecting idiot'. So what is they are market marker or not! The reality is YOU, place your entries. Not exness. If a broker wants to bet with/against you. It is there risk. The reality they are not the one which tells you to buy or sell. Also A BROKERS, except ecn accounts. Are considered market makers. As the only price the banks give the brokers are the bid! Your a market maker when you create a ask price!

 Yes exness does have higher spreads. Yet it isn't as high as many of the top leading brokers which have clients. (etoro) And no I am not being paid by exness to post. The reality is I have and sometimes trade with them. So I am defending something I know. I do know they withdraw funds very very quickly. I have never had a problem with them, and I have been able to withdraw about 32k dollars in 2012 from exness.

 Until MEVO post his deposit screenshot! He is just b!tching because he lost his money on a bad trade. A trade which he allowed to run for a 500 pip loss.

Mevo

Biedrs kopš May 23, 2012  65 ieraksti Mevo Apr 04 2013 at 14:52
Barbarian, don't listen to what this idiot says, just ignore him, don't even reply, that's probably the best thing to do.

BellaVista507 posted:As the only price the banks give the brokers are the bid! Your a market maker when you create a ask price!

I don't know who is his drug dealer, but he's giving him some seriously good stuff :)

Turtlesrus

Biedrs kopš Sep 07, 2012  64 ieraksti Barbarian (Turtlesrus) Apr 04 2013 at 16:03
Etoro is now a 'top leading broker' which has higher spreads? Are we talking about the same etoro that doesnt even offer a pro serious trading terminal to its clients and whose spreads are fixed to the same amount? Any experienced trader will tell you that Etoro is nothing but an online casino where no serious trading can be done!
You are obviously using currency market as a betting platform where you hedge your trades to the max and then go ALL IN...My trading is to the tune of max 5% risk on any single trade with other money management rules associated. This is what saved me from blowing even my very first Forex account and that brings me now small, but constant profit every month. There is always room for improvement ofc. Even with this said, you still should care about brokers like exness making such conditions in which u have no choice but to lose 10 to 20 or30 pips on ANY GiVEN trading day. The only reason why u might not care is that you come from money(rich daddy) and it basically means 'nothing' to lose couple of K a month when those 10 pips are involved in a multiple lot trade, OR that You actually are the idiot in this case.

Carpe diem
Turtlesrus

Biedrs kopš Sep 07, 2012  64 ieraksti Barbarian (Turtlesrus) Apr 04 2013 at 16:19 (labots Apr 04 2013 at 16:20 )
Mevo posted:
Barbarian, don't listen to what this idiot says, just ignore him, don't even reply, that's probably the best thing to do.

BellaVista507 posted:As the only price the banks give the brokers are the bid! Your a market maker when you create a ask price!

I don't know who is his drug dealer, but he's giving him some seriously good stuff :)


There are all sorts of people in this business. You could be talking online to a genius and mistake him for a fool. I dont think its the case here lol.

Carpe diem
BellaVista507

Biedrs kopš Jan 19, 2013  251 ieraksti BellaVista507 Apr 04 2013 at 17:42
Mevo where is the snapshot? This is the fifth time I have asked for it. See ladies and Gents. People like Mevo spend most of their lives deflecting. Blaming others for the errors which they make. He has yet posted the snapshot of his deposits.

neosouvik

Biedrs kopš Jun 13, 2012  8 ieraksti neosouvik Apr 05 2013 at 09:03
Exness is the leader in 'Real bucket-shops'..

& 0.6pip spread is a myth for suckers,,avarage spread on e/u is well above 1.3 most of the time,,,

It requires 4-5 requotes to open & close a position,,,so yall can do the math if u re not a shit head,,

spread 0.6-1.7 + 3/4 requotes count for 3-4pips=Total spread is 3.6-4.6


Better if u choose a regulated broker with 1-2pip fixed spread.

Thats why this bloody stop-loss hunter & quote manipulator will never get regulation,,,

https://www.pixentral.com/show.php?picture=1VNqZzAIDNnB4w8hnY8i2z1Vwv12Ju

Mevo

Biedrs kopš May 23, 2012  65 ieraksti Mevo Apr 05 2013 at 09:35
Neosouvik: That's someone who used Exness ! ;) I totally agree with what you wrote.
About [Off Quotes], it's not even requotes as you can't accept another price, you just can NOT enter or exit. According to my experience, sometimes it's not too bad, sometimes it's just HORRIBLE.

About the screenshot you posted, you probably know that the graph shows the BID price, but you BUY (to close your SELL) at the ASK price. So Exness just widened the spread to NOT hit your TakeProfit (and probably manipulated a little the price too, so that it doesn't go down too much) because it didn't arrange Exness ... This is just a part of what they do HEAVILY !



BellaVista507

Biedrs kopš Jan 19, 2013  251 ieraksti BellaVista507 Apr 05 2013 at 15:06
More and more excuses...... You experience 'REQUOTES' when the market has spiked. Logically as the time in which your order hit the market the price has changed. You can also have 'REQUOTES' in your favor. Like when your in a buy and the price spikes, and you try to exit. Exness will requote you which means if it is going up then you exit. What you noobs should do is find the trail stop ea. Instead of using a take profit! Why not trail when your IN PROFIT! You will always fill when it pullsback.

 Here is a real account which was being traded during NFP movement. I wonder why there were no requotes?


Turtlesrus

Biedrs kopš Sep 07, 2012  64 ieraksti Barbarian (Turtlesrus) Apr 05 2013 at 16:05
400% ?? XD What I would like to know is how many accounts he blows a month....? Really m8, no one here cares for your opinion as ur not a real trader with real priorities. Now go away scratch some lottery tickets or something

Carpe diem
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