Friday, June 13, 2008

XPRESSTRADE SCAM CASE

XPRESSTRADE IS A SCAM!!! they are fxcm. if you are profitable, you will be put on dealer intervention. they do not honor their quotes despite bold guarantees in their advertising. when asked why they would not honor their quoted prices, they responded that my requests were repeatedly coming in 'off market'. i'm still baffled as to how requests from their own platform can come in 'off market'. how is that the fault of their client? here is an excerpt from a chat with the good folks at XPRESSTRADE (hilarious):

XPRESSTRADE: We are not new at this, and we know what you are doing.
Chris: you are offering rates with no intention of honoring them
XPRESSTRADE: We do honor them, and you are trying intentionally to take advantage of a bad Internet connection.
Chris: i have excellent internet connection
Chris: and my trades are not being honored
Chris: i am amazed that i am being painted as the 'bad guy'
XPRESSTRADE: I do not believe that you are amazed.
Chris: ?
XPRESSTRADE: YOU are well aware of what you were getting away with.
XPRESSTRADE: This will no longer be the case.
Chris: getting away with?
Chris: what exactly does 'guaranteed executable prices' mean
XPRESSTRADE: When you try and cheat us, the deal is off.
Chris: how is it possible for anyone to 'cheat' you?
Chris: and this is offensive
XPRESSTRADE: I've explained this already above, and you are well aware.
Chris: 'We still guarantee fills at the exact specified rate, except during excessively volatile market conditions. Our size enables us to quote aggressive fixed spreads at all times.'
XPRESSTRADE: we are offended as well, that you would try and take advantage of the system.
XPRESSTRADE: Yes, until you use a slow Internet connection to watch for a change then take advantage of it on our site.
Chris: i have broadband hispeed dsl
XPRESSTRADE: This is a moot point.
XPRESSTRADE: I'm sure you do, and you have a slow dial up as well.
XPRESSTRADE: That is how you tell the difference.
Chris: i do not have dialup
Chris: this is amazing
XPRESSTRADE: Well, someone does that is helping you.
XPRESSTRADE: This is enough.
Chris: there is noone helping me
XPRESSTRADE: We know what is happening.
XPRESSTRADE: We will not let it happen anymore.

any positive review for this company should simply be ignored.

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