2024-03-14 16:34
China
Malicious platform slippage caused multiple accounts to lose more than 50%
[Object]
FP Markets FP Markets
[Issue]

Severe Slippage

[Requirement]

compensation

[Amount]

$37,000(USD)

[Time]

34day18hour

2024-04-18 11:26
Hong Kong China Hong Kong China
2024-03-19 11:18
Seychelles

Reply

经过风控调查,滑点是由市场波动造成,不是平台行为。且此前收到客户投诉邮件后,平台回复客户提供订单号,但并未收到客户的答复。如有其他任何问题,请客户随时联系FP Markets官方邮箱或者联系负责的客服经理

2024-03-15 10:50
Hong Kong China Hong Kong China

Contact Broker

2024-03-15 09:33
Hong Kong China Hong Kong China

Verified

2024-03-14 16:34
Hong Kong China Hong Kong China

Start Mediation

In the two transactions of FPMarkets at 7:45 GMT+08:00 on March 7, due to malicious slippage, 19 accounts under my agency and under my name suffered serious losses exceeding 50% of their net worth. I have sorted out all the accounts with serious slippage here. According to the transaction log, during the opening period at that time, the highest quoted price of the trading variety XAUUSD.r in FP was 2151.45, and the lowest quoted price was 2146.15. However, the price the platform gave me for the transaction was above 2152 or even an outrageous price of 2154.73, and the lowest closing price was 2144.80. This directly led to the loss of more than 50% of the net value of the accounts for these 19 accounts that were supposed to be profitable. This was a direct result of liquidation and slippage. In this regard, I strongly request the platform to compensate for all losses caused by malicious slippage! I also compiled screenshots of how new and old users are treated differently. FP broker treats newly registered accounts at the same trading points in the same time period, and even slippage is within the acceptable range. However, for old users who have made profits before However, the account experienced exaggerated slippage, with positions opening and closing slipping at the same time. This makes me seriously suspect that the FP broker is eating the positions of my old account with slippage. Otherwise, why would there be such a big difference in transaction prices at the same time point, the same transaction, and the same account type? Regarding the malicious slippage of old members who are loyal to FP, this is something I absolutely cannot accept. I have also sorted out the transaction logs of the same operations at the same time on other trading platforms. At ICMarkets, TMGM, Dooprime, EC Markets and other brokers, The quotations for opening and closing positions of the same documentary account under my agency are all normal, and the profit margin is also very considerable. Only the accounts of old members at FP brokerage suffered serious slippage. Could it be that the platform would not allow any customers to make money? As long as the accounts used by members who have made money have serious slippage. I can clearly provide every proof for every transaction mentioned in the above points.

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