MYFXMARKETS is a 1st grade scam broker and Bucket shop, without any physical location, anywhere in the world, they never let you profit, i traded with them, and made some decent profits and i received this below email from them today, after a long time; they accuse me of trading arbitrage, when i never used any ea to trade all this while, all my trades were done manually by my self in person (i mean manual trades and not use of any ea) and i never got any trades below 3 minutes, all my trades were long term trades, then to aviod paying me my profits, they accuse of doing arbitrage or hedgeing, this is a fat lie and a big scam broker, please stay off this broker, for your own good
MYFX MARKETS - Your Trading Account
3:48 AM (10 hours ago)
After conducting an investigation on the trading activity of your account, we have reached to the below conclusion:
Account 700370 was trading on price disparities resulting from rare/occasional price latencies, mainly on Major currencies, with the purpose of benefiting from a possible pricing arbitrage/hedging to the Company's detriment.
This comes as a violation of our Trading Terms and Conditions to which the Client has to comply with before opening an account with the Company.
Considering that trades were entered at a significant wrong prices, MYFX MARKETS has decided to proceed as per below with immediate effect:
· Reverse positions that were generated as a result of execution under lagging/wrong prices
In addition please also note that the company reserve the charge an administration fee which at this points has chosen to waive, and you have the right to request withdrawal of your remaining initial deposit.
Should you have any questions, please feel free to contact us.
MyFx Markets Customer Support