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Resolved
Loss/system stuck/severe slippage/unavailable commission
Object
USGFX USGFX
Issue

Severe Slippage

Requirement

Withdrawal

Amount

$0(USD)

Time

42day23hour

Mediation Progress
Resolved
QIANGWEI6525
Reply
USGFX
After inquiries at the backstage, most of customer transaction orders are scalping transactions. According to the account opening clause "Product Disclosure Statement and Business Terms", currently only ECN high-frequency account types are accepted, and scalping transactions can be carried out. For details, please refer to Article 73-13.4 of the Annex. The "Product Disclosure Statement and Business Terms" can be viewed by customers before the completion of customer account opening and on the official website: https://www.usgfx.com/Files/zh-CN/PDS_Global.pdf. We feel deeply sorry for what the customer has encountered.

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QIANGWEI6525
My trading account was 10052663. On this February 28th, I deposited 30 thousand dollars, with orders placed below 5 lot. As of June 29th, the balance has become $5269. I lost $20890 in total. The platform didn’t cope with my problem and asked me to continue to trade 800 lots before I made the withdrawal. It required me to place order on large lot. The max lot I placed was 20 lot. In wake of slippage, I couldn’t meet the stipulated amount. There was only $5000 left in my account. I recorded the trading and the slippage. I closed the position when the market was in a stable status. But after I closed, the profit became less, which leaped to -386.922020 from -312.03 on 24th, for example. The profit of order, EURAUD58893614, also became 549.32020.6.24 from 649.17, with loss -960.08 from -910.21. Hope USGFX give me the fund and commission.

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