Xforex rating
Were you satisfied with the quality of XForex broker services? I was a victim of fraud committed by one of the Forex Companies called Rating which I think it is located in Cyprus www. This company is attracting clients in by exaggerating the amount of profits they will gain through investing and trading with them. When the client deposits money in their account then they play dirty tricks to cause losses deliberately through many ways in order to steal the deposited money. I also corresponded with the AMF the French Financial Market Authority to confirm about this warning and they replied to me as of the attached letter confirming that they issued a warning to all French Investors about dealing with this company. They also lied about offering the demo account and about providing the professional xforex who should guide me step by step and the evaluation prior to using the live account. I visited Xforex web site as advised by my relative who traded with them and lost his money later on too because of some similar reasons. In the beginning, I placed my basic information at their website and then I was forwarded to the webpage where it has the terms and conditions and the advice to read it but I closed the webpage without surfing further because I was not fully convinced of this service. After one day I received a call from one of Xforex marketing team called Omar Abu Ataa. When I told him I am hesitated and afraid of losing my capital, he said it is a very profitable business and you shouldn't worry as we have all capabilities to make you a successful trader and he promised me to be given a special training and education using a Demo Account, the help of professional experts staff and evaluation prior to using the live account rating he was pushing to convince me to complete my registration with them. As a result, he passed me through the activation process without showing or taking into consideration that the terms and conditions must be read and fully understood by the client. Then I received a call from the Account Manager Ms. Nisreen Abo Ahmd and she asked me to log in to my account. However, she made me do some trades through her advices and when I asked her "Is this a demo account we are working in or real? So, I was exposed to live trading immediately where I bore lots of loses. The Account Manager gave many false and illegal trading advices which caused a major loss in addition to neglecting the need of using xforex losses strategy by her. Another major thing to complain about is the style of trading instructions, and advices I was receiving through the frequent daily calls of my Account Manager. I was requested by her to place mostly high value orders in rush basis with no understanding of the risky cases and their consequences. I believe that there should be only training by their staff in addition to analytical recommendations with warnings that it is my responsibility but not trading advices and that the losses I had as a result of their advices should be their responsibility not mines. However, although most of the trading advices were by telephone buy I have a proof by E-mail. I also sent a complain to her in this regard to take into consideration the type of advices xforex is asking me to follow. On the other hand, not using Stop Losses strategy is a big mistake. The Account Manager was always neglecting the need of using Stop Losses Strategies although I requested this many times by telephone and through a previous complain I sent by E-Mail. Stop losses strategy is highly important especially for beginners like me, but she was always preventing me from using it through her trading advices. Postponing and delaying withdrawals deliberately and pushing the client to change his decisions. At that time my Account Manager called me trying to change my mind in order cancel the withdrawal request and I confirmed to her that I am sure of that as I found out that this market is not suitable for me. However, their staff postponed my withdrawal request and she called me again to insist in cancelling the withdrawal. I believe that this is an illegal practice from them. Do you think that they have the right to postpone this withdrawal in a way that they push their client to change his mind? Is this legal and can they justify their staff actions to be within the terms and conditions!!!. Late Withdrawals procedures by Rating leading to tragic consequences. Details of This Point: Late Withdrawals caused me further troubles by Xforex. I couldn't fix my margins by depositing additional amounts because of late withdrawals as I ran out of xforex. I had two withdrawals that were received so late in spite of many follow-ups. I then thought of the case and I came with a conclusion that there was another solution that was missed up by their support team. However, this was not advised by their support team. I also came to know that my Account Manager has the experience for managing small accounts not VIPs. I have been trading for a while now. I also have a regular job but I do make some money on long term trades. XForex has an easy to use web based platform and the option for mt4. I would recommend them to anyone who wants to trade online. Welcome to experience the Broker Search on a whole new level! One Month Total One Month with this Broker. US Forex brokers UK Forex brokers Australian brokers Canadian brokers New Zealand brokers Swiss brokers Middle East brokers Asian Forex brokers Indian Forex brokers. Forex regulation NFA regulated brokers FCA UK FSA UK brokers ASIC regulated brokers. How to choose a Forex broker? How to become a Forex broker? Introducing broker vs White Label? 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Egypt, Mohamed November 9, Saudi Arabia, Ahmed Al-Nasser August rating, South Africa March 9, Rating Stop loss policy under new NFA rules SURVEY New Poll How many brokers have you changed during the 1st year of Live trading?: Top 10 Forex brokers Alexa Search Who's online There are currently 19 guests online. BROKERS Search Review Xforex a broker. TERMS OF SERVICE Disclaimer Privacy policy. COMPANY About us Contact Careers Investors.
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