Admiral Markets scammed 7000 pounds of me in my first day - but I'm a lawyer, so.. ;)

Broker Discussion Forex Brokers
1

Admiral Markets is the biggest scam broker and scammed my 7000 pounds in my first of trading!

I opened my account with Admiral Markets UK on 6th Jan 2015 and I deposited 4950 pounds. I performed good trading which made the balance more than 7000 pounds in one day!! And the same day around 9 pm UK time I placed a 8 lots EURUSD sell stop order at price 1.18810 with a take profit price at 1.18500 - and by the time my balance was more than 7000 pounds.

However when I woke up the second morning around 5 am, I just found out my balance suddenly became only 248 pounds!!! I checked the market - the lowest price of EURUSD hit 1.18421 till that time, which means my sell stop order should be executed and taken profit of 1600 pounds! However Admiral Markets just produced a huge and unreasonable slippage which directly jumped over the set price 1.18810 of my sell stop order and didn’t execute it. And what’s worse, they just closed my open positions of 12 lots EURUSD at around 1.18500 in order to scam away 7000 pounds!!!

Meanwhile I have checked several the other broker’s platforms - including Alpari, Ironfx, XM, Exness, Synergy FX, etc… none of them had this market gap or slippage!! (you can check your own platform, the time was around 2015.01.06 23:59 MT4 platform time).

Luckily I am a UK resident and I work in legal area which makes me understand my rights and how to protect myself - but still it makes so angry to see such big scam broker exist here to target on profitable traders!! So if you make profit, you know how Admiral Markets are going to treat you!!

And what’s more ridiculous, they wouldn’t even allow me to withdraw the rest 248 pounds on my account - I placed request to withdraw the funds, and the amount was immediately deducted from my balance - but they just refuse to payout at all, using all kinds of funny execuses!!

And last, because I hate to see this scam continues, I am asking you to act: if you are or you know anyone is a customer of Admiral Markets UK, and you have lost your money to them - even by normal trading at your fault, please contact me by email lokiliang90 (gmail) - I can help you to beat the **** out of this bad ass and get all your initial deposit back - because I’m a lawyer and I know how after reviewing their business T&C!!! Spread the word please!!

Btw my account number is 11019569.

Synergy Fx platform chart comparison.jpg700×393 51 KB

Ironfx platform chart comparison.jpg700×393 50.1 KB

Admirial Markets wrong execution and slippage.jpg700×393 56.2 KB

XM platform chart comparison.jpg700×393 54.1 KB

2

[QUOTE=“lokiliang90;675860”]Admiral Markets is the biggest scam broker and scammed my 7000 pounds in my first of trading! I opened my account with Admiral Markets UK on 6th Jan 2015 and I deposited 4950 pounds. I performed good trading which made the balance more than 7000 pounds in one day!! And the same day around 9 pm UK time I placed a 8 lots EURUSD sell stop order at price 1.18810 with a take profit price at 1.18500 - and by the time my balance was more than 7000 pounds. However when I woke up the second morning around 5 am, I just found out my balance suddenly became only 248 pounds!!! I checked the market - the lowest price of EURUSD hit 1.18421 till that time, which means my sell stop order should be executed and taken profit of 1600 pounds! However Admiral Markets just produced a huge and unreasonable slippage which directly jumped over the set price 1.18810 of my sell stop order and didn’t execute it. And what’s worse, they just closed my open positions of 12 lots EURUSD at around 1.18500 in order to scam away 7000 pounds!!! Meanwhile I have checked several the other broker’s platforms - including Alpari, Ironfx, XM, Exness, Synergy FX, etc… none of them had this market gap or slippage!! (you can check your own platform, the time was around 2015.01.06 23:59 MT4 platform time). Luckily I am a UK resident and I work in legal area which makes me understand my rights and how to protect myself - but still it makes so angry to see such big scam broker exist here to target on profitable traders!! So if you make profit, you know how Admiral Markets are going to treat you!! And what’s more ridiculous, they wouldn’t even allow me to withdraw the rest 248 pounds on my account - I placed request to withdraw the funds, and the amount was immediately deducted from my balance - but they just refuse to payout at all, using all kinds of funny execuses!! And last, because I hate to see this scam continues, I am asking you to act: if you are or you know anyone is a customer of Admiral Markets UK, and you have lost your money to them - even by normal trading at your fault, please contact me by email lokiliang90 (gmail) - I can help you to beat the **** out of this bad ass and get all your initial deposit back - because I’m a lawyer and I know how after reviewing their business T&C!!! Spread the word please!! Btw my account number is 11019569. <img src=“301 Moved Permanently”/><img src=“301 Moved Permanently”/><img src=“301 Moved Permanently”/><img src=“301 Moved Permanently”/>[/QUOTE]

Look on the bright side… If you routinely open up positions with such poor money management as 12 lots per $7,000 account balance, you would have eventually blown it all anyways. This way just saved you a bunch of time and hopefully learned an invaluable lesson rather quickly.

3

Looking at your history .I can barely make it out but the top line reads BUy 8 lots @ 1.19?75 with no stop loss and a T/P 1.19575 …it was closed out at 00:07:16 @ 1.18?09 and you lost 5k therabouts

So you bought you fool not sold

4

Well, Globalmarco and Chching, first of all thanks for replying.

However if you two want to try the master tone before even mastering some basic facts like my account base currency or the trading fundementals… you wouldn’t really want to know my trading history as it might hurt your pride deeply…

So why not let’s stop the childish game of ‘who is a better trader’ and focus on the real point:

[B]Who is the big scammer?[/B]

5

Wow, [B]lokiliang90 aka Mr Yipeng Zeng[/B]

This is just like Synergy FX all over again, isn’t it.

Let’s see, you’ve contributed 4 posts in a year-and-a-half:

• 2 of them accusing Synergy FX of scamming you out of…

[I]…the enormous profits you made in a short time[/I]

http://forums.babypips.com/forex-brokers/54339-synergy-fx-review.html#post514428

http://forums.babypips.com/forex-brokers/54339-synergy-fx-review.html#post518443

• and 2 of them accusing Admiral Markets of scamming you out of…

[I]…the enormous profits you made in a short time[/I]

http://forums.babypips.com/forex-brokers/71193-admiral-markets-scammed-7000-pounds-me-my-first-day-but-im-lawyer-so.html#post675860

http://forums.babypips.com/forex-brokers/71193-admiral-markets-scammed-7000-pounds-me-my-first-day-but-im-lawyer-so.html#post675993

I’m starting to see a pattern here.

You’re a lawyer, you say? What kind of lawyer are you — an ambulance chaser?

6

So I’m a lawyer and good at making profits - that’s totally illegal right? Or it’s just making some groups feel uncomfortable? :wink:

And ambulance chaser? well no I’m not that - and definitely not a full-time online anonymizer.

7

[QUOTE=“lokiliang90;676027”]So I’m a lawyer and good at making profits - that’s totally illegal right? Or it’s just making some groups feel uncomfortable? :wink: And ambulance chaser? well no I’m not that - and definitely not a full-time online anonymizer.[/QUOTE]

Good at making profits? You just lost $7k because of over leveraging.

It doesn’t matter which broker you use, if you trade like that you are going to blow every account you open.

8

Been trading with this broker for almost a year.
No problems yet.

9

Well, I wish you are right about me ‘blowing account’ as it surely shall make you feel like a better trader, so I’m not going to share my trading history with you.

But I wish more you can at least learn some English you can read before you type random irrelevant alphabets in someone’s post - for example, did you even notice the ‘slippage part’?

10

What is the most important factor in your trading?

https://www.youtube.com/watch?v=5nHEXraQ8hw

Personal Responsibility