How I got RIPPED OFF by EXNESS...

Oct 20, 2012 at 18:03
17,130 Views
165 Replies
Biedrs kopš   1 ieraksti
Nov 14, 2012 at 13:19
very helpfull
Biedrs kopš   59 ieraksti
Nov 14, 2012 at 13:26
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.
Biedrs kopš   26 ieraksti
Nov 14, 2012 at 14:00
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
live for yourself
Biedrs kopš   95 ieraksti
Nov 15, 2012 at 16:11 (labots Nov 15, 2012 at 16:12)
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
Biedrs kopš   3 ieraksti
Nov 18, 2012 at 20:35
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
Biedrs kopš   5 ieraksti
Nov 19, 2012 at 09:43
I do not know guys, exness is seemed to be ok. Although, for now.
observation is a path to success
Biedrs kopš   18 ieraksti
Dec 02, 2012 at 07:39
Interesting story, any updates?
The only way to get smarter is by playing a smarter opponent
Biedrs kopš   64 ieraksti
Dec 23, 2012 at 01:18
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.

Biedrs kopš   59 ieraksti
Dec 23, 2012 at 12:40
All brokers' terms of business are there to protect themselves first. Clients are never protected.
biosko
forex_trader_32952
Biedrs kopš   65 ieraksti
Dec 23, 2012 at 15:13
than why dont they give 1:100 or 1:200 all the time, changing leverage during open traders is bs. nonethical.
Biedrs kopš   59 ieraksti
Dec 24, 2012 at 02:16
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
Biedrs kopš   59 ieraksti
Dec 24, 2012 at 02:19
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.
Biedrs kopš   59 ieraksti
Dec 24, 2012 at 02:20
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.
Biedrs kopš   59 ieraksti
Dec 24, 2012 at 02:23 (labots Dec 24, 2012 at 02:23)
Ah i've read enough of this nonsense.
Biedrs kopš   64 ieraksti
Dec 24, 2012 at 02:49
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...
Biedrs kopš   8 ieraksti
Dec 28, 2012 at 09:12
just choose broker that regulated by good reputation broker such as NFA, FSA or ASIC
Biedrs kopš   1 ieraksti
Dec 30, 2012 at 08:57
This is terrible Broker! Can't close position, damm ridiculuos ! Thought can call over phone to make order ?
Biedrs kopš   92 ieraksti
Jan 02, 2013 at 09:53
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
Best rebate for IC Markets 1,60 RTL+ armada markets 10% commision back + next 30 brokers company only in . Who will give you more?
Biedrs kopš   59 ieraksti
Jan 02, 2013 at 09:56
Even Dukascopy? But if we trade with the broker, we gotta play by their rules. No 2 ways about it.
Biedrs kopš   5 ieraksti
Jan 02, 2013 at 10:00
hwlm posted:
Even Dukascopy? But if we trade with the broker, we gotta play by their rules. No 2 ways about it.

Losers are always complaining about Friday's leverage change.
Dukascopy is ok, What does stop you from using 1:100 or 1:50 leverage all the time? In this case you won't have this 'problem' of leverage changing (for me it is not a problem).
observation is a path to success
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