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How I got RIPPED OFF by EXNESS...
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hwlm

Biedrs kopš Jun 25, 2010  59 ieraksti Max (hwlm) Nov 07 2012 at 09:38
A normal trader like myself would be very cautious upon hearing such reports of scam. In fact, one such incident is more than enough to make me close my account. Instead, jeevan jumps to the broker's defense so willingly. Who's side are you on?

Thanks for sharing the attachment, but I cannot trust your words.

Mevo

Biedrs kopš May 23, 2012  62 ieraksti Mevo Nov 07 2012 at 11:07
*Max*: 'A normal trader like myself would be very cautious upon hearing such reports of scam. In fact, one such incident is more than enough to make me close my account.'

I'm very happy to hear such a thing. The main goal of publishing this story was of course to try to get my money back, and I got a part of it, and I guess will never get the remaining, but it's ok, now the case is closed for me in term of money (but I will still do my best to shut down Exness). The most important thing after that is to try to have people to NOT open an account with them despite their good conditions on paper, or to close their account if they have one.

What you are saying Max is the smart way to think. I feel quite bad for having continued so long with them despite some damn clear signs: Continuous invalid prices so I couldn't often enter or exit a trade WHEN I really wanted, quotes and spread manipulation, they restared the VPS they provide without notice (so my EA stoped working), and a just unbelievable support, the worst you can imagine of (If you wanted to try to be as bad, you wouldn't manage to do it !). With what happened after all this, when I got stuck with my positions because they just disabled the trading on the pair, and then scamed me with their tricks, I kept on asking myself: But how the f*ck can I have been so stupid to not run from this broker sooner ? In fact, I'm still asking myself the question ;)

I guess Jeevan may be a happy customer of Exness. Until you get scamed, you feel happy to benefit from amazing spreads with no fees (better than on LMAX) and very good swaps. If you loose your money, no problem. My conviction is that Exness is realy a SCAM broker (again, I'm st*pid as I knew since the beginning the conditions seemed to be too good to be true), and problems really start if you win too good money. When you start earning, as long you don't withdraw too much, they let you continue, there are good probabilities you loose again (as traders we know how forex works). And if you win too much, at one point, they decide to scam you to not pay your profits.


*Jeevan*, you do as you want, it's your money. But let me recommend you to carefully read all the thread where I posted the whole story on FPA (Scam alert folder: name 'Exness Scam') and then think about it for a few minutes if you really want to continue to try to win money with this 'broker'. If you make some good money, there are good chances you will in fact loose everything ... Anyway, it's up to you.


*Jiggy*: I'm very confident that there is no risk for your money with Oanda and FXCM, except of course if they run out of business. But they're not supposed to, as they hedge all their customer's positions and don't trade for themselves. So very little risk (yeah, like Knight Capital, lol or some other before). We are talking of probably the 2 biggest (and oldest) forex market makers of the industry. FXCM is a big public company listed on NYSE and Oanda is part of a Switzerland important financial company. These are VERY legitimate brokers, and you can deposit tens of thousands with them without any fear. Just to be noted: With them in UK, you money is garanteed by a government protection fund up to 50K GBP if I'm not wrong, same in SG for Oanda. Don't know for the US (not sure if brokers are covered by protection funds there or not)

'I believe it is NOT your fault. You have invested the time, money and energy for those profits. You trusted them, and they betrayed your trust. Forget bonuses, but I do think you should get back your capital + profits in it's entirety.'

Of course it's not my fault, I did some very legitimate trading. I 100% agree with all you wrote. Still makes me happy to read it, because I read some absurd things on some forums (maybe Exness was behind, or just some idiot) defending the Scammer (Exness) ;) There wasn't any bonus involved, and I do feel too that I should get back my money in this entirety, but that's NOT going to happen. I got a part of it, and it's OK. I hope Exness will never get the Cysec licence they are trying to get (if Cysec does its job, will be the case. I don't see why they wouldn't) and that NZ FSP will take care of Exness with the informations I will provide them. I would be very very happy if they are shut down.

jeevan007

Biedrs kopš Jan 27, 2012  26 ieraksti Jeevan s (jeevan007) Nov 07 2012 at 11:25
i would be the first person to kick exness or any other broker if they follow unfair means to defeat a trader,, after all i dont suggest you to open an account with any broker because i cant come to ur rescue if u fall prey to them,, to my belief and experience they follow honest trade principle till day to my account,,of course i wont hesitate complain about exness in case i encounter any issues which affects my profitability in unfair means then i would report here,,,,

live for yourself
Jiggy

Biedrs kopš Aug 13, 2012  8 ieraksti Jiggy Nov 07 2012 at 11:25
Mevo: Thank you for your reassurance on my two brokers. My best wishes and prayers are with you.

Jeevan: I'm quite surprised to read your posts. Even if I got the best possible support and quotes from my broker, I would still be on my guard after reading the OP. Please be careful.

jiggykapadia@
Mevo

Biedrs kopš May 23, 2012  62 ieraksti Mevo Nov 07 2012 at 11:44
Jiggy: You're welcome. Thank you

Jeevan: 'i would be the first person to kick exness or any other broker if they follow unfair means to defeat a trader'
Oh yes ? You can start right now to kick Exness' ass then (All the evidence are on FPA as stated in my previous post)

To me (only my point of view), what you say is absurd ! Why do you want to wait until YOU get scamed when you have all the proofs that they scamed some of their other customers ? And then what ? You will complain ? You know, the problem with a broker is that THEY have your money, if they don't want to send it back to you, you can complain, it will be very useful, you will see ...

Have you read the thread on FPA ?

jeevan007

Biedrs kopš Jan 27, 2012  26 ieraksti Jeevan s (jeevan007) Nov 07 2012 at 12:39
Mevo posted:
Jiggy: You're welcome. Thank you

Jeevan: 'i would be the first person to kick exness or any other broker if they follow unfair means to defeat a trader'
Oh yes ? You can start right now to kick Exness' ass then (All the evidence are on FPA as stated in my previous post)

To me (only my point of view), what you say is absurd ! Why do you want to wait until YOU get scamed when you have all the proofs that they scamed some of their other customers ? And then what ? You will complain ? You know, the problem with a broker is that THEY have your money, if they don't want to send it back to you, you can complain, it will be very useful, you will see ...

Have you read the thread on FPA ?


no i havent read,

live for yourself
Mevo

Biedrs kopš May 23, 2012  62 ieraksti Mevo Nov 07 2012 at 13:08
I'm sorry, but you're an idiot Jeevan. If anyone wasn't 100% sure until now, yet they are.

jeevan007

Biedrs kopš Jan 27, 2012  26 ieraksti Jeevan s (jeevan007) Nov 07 2012 at 16:50
Mevo posted:
I'm sorry, but you're an idiot Jeevan. If anyone wasn't 100% sure until now, yet they are.


u reminded me of this proverb a bad worker blames his tools

live for yourself
Mevo

Biedrs kopš May 23, 2012  62 ieraksti Mevo Nov 07 2012 at 18:12 (labots Nov 07 2012 at 18:15 )



This is my account until I got stuck because Exness disabled the trading on the pair I was working on and didn't want me to be able to withdraw my profits. First down on the chart (account went again to 0) is a loss.
Sharp downs after that are partial withdrawals.

Jeevan I was wrong, and I always admit my errors, you're not an idiot, you are far worse than this: YOU WORK FOR EXNESS.
(Pretty amazing how many nickname-acounts Exness use to do their propaganda on forums or to post fake positive reviews)
Pielikumi:

rob559

Biedrs kopš Feb 11, 2011  1916 ieraksti rob559 Nov 07 2012 at 20:26 (labots Nov 07 2012 at 20:27 )
would you tell us what kind of trading or ea were you using?

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