2024-06-14 13:59
China
Complain about extreme slippage on FOREX.com, reminding traders to be careful! Don’t be the next victim.
[Object]
FOREX.com FOREX.com
[Issue]

Severe Slippage

[Requirement]

compensation

[Amount]

$636(USD)

[Time]

59day5hour

2024-08-22 14:26
Hong Kong China Hong Kong China

This content involves sensitive information, so it's hidden by WikiFX

2024-06-26 16:01
Hong Kong China Hong Kong China

Contact Broker

2024-06-26 13:48
Hong Kong China Hong Kong China

Verified

2024-06-14 13:59
Hong Kong China Hong Kong China

Start Mediation

At 8:30 pm on May 10, 2024, I placed an order to short USDCAD on the FOREX.com trading platform at 1.36750, but the actual transaction price was 1.36473, with a slippage of more than 27pips, far beyond the normal range, which seriously affected my trading results. After reporting to the customer service, they shirked responsibility on the grounds of market factors, which is neither reasonable nor in line with industry standards. According to industry practice, slippage should be within a reasonable range, and the huge slippage of this transaction obviously violated this principle. In order to safeguard my legitimate rights and interests, I asked FOREX.com to compensate for this transaction. If I cannot get a satisfactory result, I will complain to the regulatory authorities and take legal action. The following are screenshots of the relevant transactions: the order price is 1.36750, the transaction price is 1.36473, the slippage is 27.7 pips, resulting in a loss of $277 per lot!

Statement:

1. The above content only represent personal view, do not represent WikiFX's position
2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations