Hi
Scam Broker with high level of scammers
I will tell my story with them in last few days,
I opened MT4 account with IFCMarkets with fixed spread and with 400 leverages, I made deposit 310$
I was going to trade with OIL, WTI and Brent,
First thing I faced, in the demo account the spread is 6 pips, and I surprised when I open real account I found the spread for OIL is 12 pips, I inquired about that, they told me it was mistake from them that the spread was changed in real accounts but they didn’t do same in demo accounts
Second thing I faced, in the trading hours sheet, I saw the OIL market will close with them on Friday at 24:00 in my time, and I surprised that the market closed at 23:00, I inquired about that, the live chat couldn’t give me any answer, they told me their office will answer me on next monday, and I got email from them saying the OIL market should close at 23:00, but they didn’t give me answer why it mentioned in their trading hours sheet the OIL market will close at 24:00
NOW The Big Story
Last Friday, I tried to open trade 1.75 lot in Brent, and when I click on icon to open the trade, I surprised that it gave me only 1 lot and it skip the 0.75 of the lot, I inquired about that but no body give me any answer, they said they don’t know why that happened, and I need to check with their office which will open on next Monday at 7am.
The 1 lot of Brent need 89.1$ of margin because I have 400 leverage in Oil, and 120$ for 12 pips spread, which mean I have free margin 99$
I really felt bad about that, the company never say anything correct and they are scam broker, then I decided to withdraw from them, I had free margin 99$, I made withdraw the 94$, it cut from my account, and operation was pending and in process.
After few hours I got email from them saying that, the withdraw rejected, because I don’t have enough margin, and the amount will return back to my account !!!
When I entered to my account I surprised again I saw that I have free margin only 10.45$ ??? where is the 99$ ???
I checked why of that !!!
The BIG SURPRICED
The company changed my leverage from 400 to 200 without informing me , and because of that change, the 1 lot margin need 178.2$ , with the 120$ for spread, which mean, the only free margin I have is 10.45.
I tried 10s times to contact via live chat support, they refused to help me, they said they can’t do anything and I need to talk with office on Monday 7am.
The Game is Disclose
Now the market open and my account wiped !!!
Be carful from the broker IFCMARKETS