I beleive FOREX.com is commiting fraud. I hope I'm mistaken.

Allow me to clarify why I believe so.

Their platform lets you set a stop from the entrance price and greater.
This could really wipe out of your account when the trade goes against you.
The stop should be 1 pip in addition to the spread for you to get a possibility of winning the transaction and not having an opportunity of getting wiped out.

For instance in the Euro/Usd pair in which the spread is 3 pips you buy in 1.3403 and place a stop at 1.3403, or1.3402, or 1.3401 along with a goal of 1.3404.
Your cease and limitation are sell trades. Because of the spread the moment your buy is implemented, your bid price is 1.3000 that is below the stop. If the position continues to go against youpersonally, your account could be wiped out right away.

I asked lots of men and women that are into Foreign Exchange trading this query and they thought that so long as you set a stop loss below the entrance price which you cannot lose more than what is defined by the stop loss. After I contacted and pointed out this they agreed with me that the platform should not permit this. I requested the direct business contact address, e-mail or the phone of Mark Galant,CEO, to discuss that issue with him. They ignored my orders. A number of them stated that they'd contact increased managent to mend this. They've neither rectfied this nor contacted me.

I'm only concerned about individuals that are not aware of it and shed their hard earned cash for no reason.

I understand some people will say nobody should put a stop that close. That's beside the point. I am talking about dishonesty, in my view.

I hope Merlin, vdluca, firedave and others who know a lot more about Foreign Exchange and trading will address this issue.

Peace,
Mangala

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