I’ve been toying with yet another FXCM test account and started experimenting with leaving orders open over night.
- size: 300-500
- No stop-
- profit limit of 12 pips (preset amount built into the platform)
- any currency pair
Without fail- after continuing its trend just long enough to clear the spread deduction to see a gain of maybe $56 it turns and works its way rapidly down- holding at around -$1300 for a while then up close to breaking even or seeing a gain that always reaches just below your profit limit. This always happens during long periods of your inactivity on the platform. It’s intentional- programmed to detect inactivity so it knows when your likely away from the computer- allowing it to safely make it safely swing into a gain you always happen to miss.
It shows just how far they have gone to trick people out of their money. Why are traders tolerating this scam?