2024-06-26 11:54
China
Malicious pin bar caused liquidation
[Object]
GVD Markets GVD Markets
[Issue]

Severe Slippage

[Requirement]

compensation

[Amount]

$14,919(USD)

[Time]

35day2hour

2024-07-31 13:56
Hong Kong China Hong Kong China
2024-07-01 13:44
Cyprus

Reply

Dear Customer, Hello. At that time, the highest point of the K-line was 0.89435, and the order type was sell, which also required adding the spread. This was during the release of the U.S. June SPGI Manufacturing PMI preliminary data, when USDCHF experienced a brief gap. Due to thin liquidity, the spread also widened, and the margin you reserved was insufficient to withstand the risks associated with the market data. Given that you were unable to bear the uncertainties and risks brought about by the market data, the platform has decided to terminate the cooperation with you and has disabled your account to prevent further deposit transactions that could lead to unnecessary losses. Thank you for choosing GVD Markets. We wish you a pleasant life!

2024-06-26 15:59
Hong Kong China Hong Kong China

Contact Broker

2024-06-26 13:42
Hong Kong China Hong Kong China

Verified

2024-06-26 11:54
Hong Kong China Hong Kong China

Start Mediation

I encountered malicious pin bar on the GVD platform, which caused liquidation. The market price plus the spread did not reach my liquidation price. I communicated with the customer service and manager but got no reply, so I complained to the platform. As a result, my account was blocked the next day. If this is not a scam platform, what is it!

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