How come I lose a lot of money as long...

R
Raja W
May 14, 2020

How come I lose a lot of money as long as I have profited 200%. Re-entry and my money runs out immediately.

0
0
Reply: [3]
N
Nicholas Bell
May 19 2020

Raja W: From what I read on several forums, the testimonials of XM broker users are still quite good. Complaints about cheating or unreasonable prices never happened. To evaluate whether the broker is fair or not, you need to give receipts such as screenshots of charts, accounts, and transactions. For example, in your case, after profit reaches 200%, it is necessary to take a screenshot of the account, trade positions, and charts to see if the loss is purely your miss or due to broker intervention.

R
Raja W
May 20 2020

Nicholas Bell: How about this?

xm

N
Nicholas Bell
May 24 2020

Raja W: 

The screenshot that you have attached is not strong and clear enough to prove that the XM broker is cheating. You must be specific with clear evidence. Loss after 200% profit can be caused by various reasons, including personal entry error, requote, overtrading, large slippage gap, chart manipulation, SL has not been hit but has been closed.
I am not defending XM, but you should give clear receipt. I know someone who was fooled by chart manipulation during news release. To support his accusation, he submitted:

- screenshots from the broker chart. There are signs where long shadows are shown
- screenshots containing all the same pairs at 3 different brokers in the same pair and time frame screenshots of transactions before being manipulated (complete with SL positions)
- screenshots of transactions after being manipulated (loss SL)

He explained that the long positions he took earlier were taken at xx with stop loss placed at xx. However, when the news came out, his position was hit by SL due to the long lower shadow. After he compared it with his friend's chart, it turned out that the shadow that occurred was not as long as his friend's broker, there was a difference of about 25 pips more. In his friends' charts, the SL has not triggered yet and is still quite far away. He then looked for comparisons to 2 other brokers and the results turned out that both brokers were similar to a friend's broker who had no shadow as long as the scam broker.

Xm Review

XM is a regulated broker where traders can get leverage up to 1:888, ultra-low spreads, free deposit withdrawal fees, welcome bonuses and loyalty programs, as well as regular webinars to learn trading. More

News (68) Testimonial (60) Bonus (3)

Login

Register

Profile

Forgot password

Reset Password

or
Forgot password?

Don't have an account? Register here

Already have an account? Login here

Already Reset? Login here