my pamm account in this broker is first in rating , but they reduce my leverage from 1:500 to 1:100 and I can not hedge my open positions too , I sent several mail for them , but they don't accept to solve it .
I have a few live accounts on difference brokers. On Feb 06, 2013 I open a trade BUY audnzd at 1.2300 and set SL at 1.2200 and open a pending order SELL STOP at 1.2200 on all accounts on difference brokers.
All others accounts are fine but Forex4You broker was hit SL and trigger SELL trade (audnzd at 1.2200) on Feb 06, 2013 at 22:45 (Forex4You broker's time).
I send a complaint email and they said 'Please be informed that each Broker has their own particular set of liquidity providers, hence the prices might differ at any particular time. As regards the order #3xxxxxx8, please refer to candlestick 2013.02.06 22:45, where you will find that the lowest value of the candlestick was 1.21960.'
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.