₦airaland Forum

I like his acting style.

Heya, you're down the food chain.

LiteForex, Why are you causing so many problems for your clients? LiteForex Why are you causing so many problems for your clients? LiteForex has some interesting items in their
Terms of Service. Originally, their rule 6.8 was... In case the price change is related to the
difference between the last instrument price
before the market closing and the first instrument
price at the opening of the market, or is
connected with the news release, and increases
profits by more than 10% of the Equity, the Company reserves the right to adjust financial
result of such transactions to an amount
proportional to the difference in the prices
indicated above by means of funds deduction
with a following comment. In some cases, the
Company can set limits of less than 10% of total deposit to the minimum profit change. This means that if a trade makes a large,
successful news trade or is lucky enough to
benefit from a weekend gap, Lite Forex would
confiscate any profit above 10%. LiteForex even
reserved the right to confiscate profits of less than
10%. The rule makes it plain that LiteForex doesn't bother to fully hedge themselves over
weekends. If they did, the amount gained or lost
by traders would be passed on to the market. The FPA considers this to be a license to steal and
made LiteForex aware of this. One outstanding
quote by on the subject by a senior member of
the FPA's forums was... Recently, LiteForex.com revised rule 6.8 to... In exceptional cases, in the event of sharp gaps
between the opening and closing prices or when
trading upon the release of news, the results of
trading operation (both negative and positive) can
be adjusted by the Company, if clients’ order was
executed only in part or rejected by Company’s counteragent. The adjustments will be made in
proportion to a volume of conducted orders and
with an appropriate commentary. The FPA considers this to only be a small
improvement. Again, LiteForex appears to not be
covering itself over weekends. It also would
appear to lack liquidity around news time. In the
opinion of the FPA, LiteForex should either permit
news trading or ban it completely. Instead, the company says it will make commentary if it takes
money away from traders. If there is a real issue
with an order not being filled properly, a trader
should be shown evidence to back up any
removal of profits, not just be provided with some
commentary. Many brokers complain about bonus hunting. The
problem is that even a single small trade in
opposite directions from the same IP is all the
evidence some brokers need to take action.
LiteForex declined to consider that 2 traders
sitting side-by-side at a cyber-cafe could get into an argument over which way price will move next.
The best way to settle such an argument is to
place opposite trades to see who profits and who
loses. True bonus hunting requires large trades
designed to move the entire balance from one
account to another. Few people would bother to do this for one small bonus. Most would then
match up a second pair of accounts, then match
up the winners from each pair to move the
deposits and bonuses from at least 4 accounts
into a single account. LiteForex not only didn't show sufficient evidence
of trades designed to move all money from one
account to another, their representative claimed
that the account launched paired trades from 2 IP
addresses. One of those addresses was inside of
LiteForex.com's headquarters. A few years ago, a very large percentage of
brokers would let clients trade any way they liked,
but would then do a compliance audit before
processing withdrawals. The results of these
audits often were the removal of large numbers
of profitable trades. In some cases, the trades clearly violated a broker's terms. In other cases,
little information was given. At least these audits
usually only took a week or two. The FPA had
hoped that the forex industry had moved beyond
this sort of thing. LiteForex had a client placed under some sort of
investigative audit since May. No details were
given over what triggered the investigation. The
most the FPA and the client could get out of the
company was that an answer would be available
sometime soon. After the case went to a vote, LiteForex's representative accused the client of
having 2 accounts and bonus hunting. Neither of
those accounts were the one that was supposed
to be the subject of the investigation. Lite Forex finds it too easy to take profits and to
accuse traders of misconduct. Lite Forex seems to
find it too hard to provide any evidence that
relates to the accounts being disputed. The FPA tried very hard to avoid giving LiteForex a
scam finding. Many deadlines for answering
questions and providing evidence were extended.
Other than a small improvement in the wording
of rule 6.8, and the resolution of 1 out of 5 FPA
Traders Court cases, LiteForex has done nothing to show the FPA that they are serious about fixing
issues experienced by their clients. Instead, it
appears that clients can have money taken away
without valid reasons or evidence being given. Regretfully, the FPA now feels the time has come
to warn traders that LiteForex is a scam. We hope
the company takes a serious look at its handling
of these issues and decides to improve itself.

www.forexpeacearmy.com/forex-forum/scam-alerts-folder/27486-liteforex-why-you-causing-so-many-problems-your-clients.html

Its appointed unto man to die once, after that comes judgement.

Evestar200: LMC declare state of Emergency in the remaing league games due to violence by some club,,e.g Akwa utd,,kwara utd,,sunshine stars,,and Kano pillars

Violence at Kano pillars, when?

meshpips: Nice to meet an old timer. What was your ID on marketiva? Femjam, Allgreen and myself are running stuff at the moment. It has been a worthwhile journey.

Whats kamshy's id now? Joined tiva in 2007 and was with them 'actively' till 2010.

GAP.. thank God i no longer leave trades during the week. FBS screwed me over and taught me a lesson with their 'clause' on gap when its not favoring them.

Raph must be a millionaire by now. thumbs up.

o

Chai, Warri wolves, why na

Chei, Enyimba o...

gbokukueba: Watching Live on TV

Where?

The heat is on..!

Anyone on this thread going for the game?

Ekpekus: Where can one get ticket? Abi na free?
I need be in that stadium to cheer my guys, WOLVES 4m WAFFI, to victory!

No dulling, let's enter the place......

At the gate.

Ticket fee is 200, 500, and 1,000.

I should be at the stadium as usual. I think i want Warri wolve to win this time around.

Llorente an option for Barcelona
Juventus striker Fernando Llorente has failed to make an impression in Italy and Barcelona may swoop to add depth to their offence.

Source: Sport
Friday, September 13, 2013 09:40



Iniesta rejects new Barcelona deal
Andres Iniesta has turned down Barcelona's first offer of a new contract. The midfielder is in no hurry to renew with the Catalans.

Source: Marca
Friday, September 13, 2013 09:44

iheanyiebeneze: @ogboraph my beloved friend. keep it up.

Hmmm, money and friendship

aguiyi: closed my gu sell with -3pips. there is more demand than supply.

done for the week.

Did you see my pm about WMZ/PM?

Does anyone have webmoney or perfectmoney for sale, someone needs it urgently.

Tom29: account burnt totally since no one help for me to work away from trading. i tpok ncpact AU signal to boost the $12 but wiped. what a pain . na $96 just vanish so. chaiiiiiiiiiiiiiiiiiiiiiiiiiiii

Kindly go back and learn forex, try to find a trading style/strategy for yourself.

Right now, you depend on others to even trade, yet you blame these people when you fail.

Winners take blames for their actions, if you want to start winning, start taking responsibility for your action.

May the pips be with you (Red or Green, it's your choice to choose).

EU is definitely selling
GU is unsure.

praxx: More than 200pips sef. I have been on the long trade since yesterday, so thinking of pulling out now, will short around .814x region

for now i am on the CAD/JPY short...

Waiting eagerly.

JAkpayen: Buystops gathering above 0.8200

We must be looking at a different chart o. buystop ke?

NzdUsd has formed a triple top formation which is a bearish chart pattern.

The fall is going to be at least 200 pips. just check the setup on 4 hours chart.

praxx: Eur/Gpb and Nzd/Usd are not really 'less volatile'' in my view, in fact i doubt if there is any Usd pair that isn't volitle.

for me i think the Gpb/chf and cad/chf are less volatile

Watching Gbp/Chf now, but doesn't look "less volatile" at all.. Nzd/Usd as you said also not "less volatile", but i think EG is preferable.

honeric01: Which pair is the best when it comes to LOW VOLATILITY?

Someone needs to know which pair is best for scalping.

Who's got an ideal pair?

I was thinking EG, is there any other pair slower?

Finally found the 4 least volatile pairs.

EurGbp, EurChf, GbpChf and NzdUsd.

Does anyone know which pair is less volatile than these pairs?

aguiyi: abeg do the opposite

Hmmm, why? GU did almost 40 pips after i posted my call, EU went 5 pips below but still within range, Uchf didn't get to entry.

My calls still stand.

fxbomovi: 9196 is my own tp

Long term things for you.

Which pair is the best when it comes to LOW VOLATILITY?

Someone needs to know which pair is best for scalping.

Who's got an ideal pair?

I was thinking EG, is there any other pair slower?

Buying GU and EU, selling UCHF.

Sitting on the S on my 4hrs chart (GU), same with EU.

As for Uchf 0.9320 "accurate entry price" for a down move (at least 0.9250)