Date:Fri Nov 22 2024Tokyo:21:05Sydney:23:05New York:7:05London:12:05CET:13:05
BinaryOptions.net Forums› Complaints
Markets World Forum Discussion
lotzofbotz
Posts: 1,552 ✭✭✭✭
Posts: 1,552 ✭✭✭✭
Come on MW would you like to comment on how you are MANIPULATING PRICES, seeing this over and over again.. You might wish to stop this action people are getting upset, does little good vs me but I know who you are trying to hurt with this. Manipulation of prices violates you're "GSC" license by the way... You might wish to tell your new creative programmer to stop with the BS, its very obvious. You make enough off people like VorteXz wtf are you doing with this? You make it hard for me to support you when you do RETARDED stuff like this...
Comments
Dear Lotz
Many thanks for your fu*king post on BO.net. We cannot comment on quotes displayed on other sites. MarketsWorld provides its clients with real-time streaming prices or ‘quotes’ by collecting and aggregating information sourced through independent price providers, relevant exchanges and interbank authorities who supply liquidity and information to the global forex and futures market. The Company is required to take a number of factors into account in the calculation of mid prices and we pay due consideration to the market price for the underlying reference product to which your trade contract relates. To do so we access a number of different data sources in order to ascertain the market price, which is our objective view of the quotes available to arms’ length traders.
If you have any further queries please do not hesitate to contact us.
Kind regards
Charlotte Bloom
Customer Service
MarketsWorld
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
My only comments are this:
1) You're looking at the Spot (XAGUSD) price. They don't use that for their silver pricing. I know for OIL they use a contract for Brent Crude Oil (BZ) and not the Light Sweet Crude Oil (CL)
2) You're using MT4. MT4 doesn't draw their charts by the MARK/LAST price. Most binary platforms display the MARK/LAST price which is typically the (bid+ask)/2.
3) Most platforms I've found will implement a "spread" on their entry price and remove the spread from the expiry. The problem with Vortexz and many traders is they don't verify the price they are being offered before they take the trade. They just assume their price is going to be the same as they see on their charts. Spread is nothing new. Non-binary traders have to learn to work with spreads all the time. Don't like the spread you're being offered around that news release? Don't trade it or find a different broker with lower spreads. Don't just
4) For FOREX, there really is no "centralized exchange" that holds an official price. It's a bunch of interbanks. Open up two MT4's, you'll see price move differently. Open up ThinkOrSwim and MT4 and NinjaTrader and FXCM, you'll see price move at different speeds and some will have random spikes that others don't. They should all be around the same general price but they will sometimes be off a little. Now, when you're talking about commodities or metals, the story changes. You have to make sure you're looking at the right asset. "OIL" is a little generic, so is "SILVER". Are we talking about the spot price? The future price? If futures, which contract? The current active contract or a forward/back contract? OIL, what oil? USO? Light sweet Crude? Brent Crude? There are so many options.
I think many of these platforms would save themselves a lot of headache if they were just more transparent as to:
- Where are you getting your price feed? How can we see the same price you see?
- What formula are you using for your entry/expiry?
- What asset are you really showing?
"ASK YOURSELF THE SIMPLE QUESTION OF WHY IS RYAN DEFENDING MARKETS WORLD OBVIOUS MANIPULATION!?"
I don't know why you feel the need to attack me all of the time. Whether you believe it or not, I'm on the side of the traders, and yes I am one myself. I trade binaries, forex, futures, and options. That said, sure, I'll defend the platforms themselves as well at times when I feel like they are getting unjustified attacks. Now, that doesn't mean that I agree with what they do and I think they are on the right side but sometimes people want to attack without looking at all of the facts. For instance, people complain about "spread" in binary without thinking about the fact that other markets also have this. FX brokers will throw a spread on during times of news or low volatility, much like these platforms do. Even when you think about it, the "expiry" of a SpotFX trade can be manipulated by increasing the spread around when a trader may wish to exit their position. Some shady FX brokers will play games, fortunately that's a more regulated space so if caught, they can be fined.
If a trader wants to trade in this cut throat industry (binary), they need to know the proper ways to collect information to present to the platform and if it's not addressed, present it to the public so they can be aware. In order for us/anyone to get them to realize we know what's going on, you have to use correct information. The one thing that you and many others know is that these platforms will deny price manipulation inside and out and they will point out every single flaw in someones complaint. Just tighten up your story and it's bound to get you further with getting them (or anyone else) to clean up their act. I've ALWAYS recommended that traders video record all of their trades, showing both the platform and the charts they are trading off of (two chart providers if possible). It only takes a few seconds to do and in the event that there is a disputable trade, videos have always gotten me refunded. We also recommend to all of our providers to record their trades and if they have a disputable trade, we'll assist them in taking it to the platform and getting them AND all of the affected customers a refund (and profit if due). In fact, Cambridge was the last provider who came to us with a disputable trade and we got all of his customers refunded with the profit!
Before I commented on your original post, I had a conversation with the head of development at Marketsworld and I had it out with him and told him I don't agree with platforms who "make up" their own prices and it ended with him saying "I'll pass it along". My goal was to try and see their thoughts and see what would be said to anyone who took what you posted to them. My comments were my take on it. You were looking at the wrong asset, you were using chart that don't show the same type (mark) of price, etc. In fact, in my post I also said what I think these platforms should be doing differently.
I would LOVE to just see a platform show the raw price and stop killing the feed when their risk parameters feel it's best to protect their business. I DO understand their need to protect their business or they won't be around tomorrow but I don't understand why they can't do it in legitimate ways and if they play games too much, they won't be around tomorrow either as people will become aware of it.
The way we are looking at implementing it, each provider will have a set "criteria" that their feed will be enabled for. Anything outside of this should be blocked. If their strategy changes to where we need to adjust their allowed parameters, they will have to ask for approval. We are working towards figuring out all of the parameters and will have it implemented as soon as possible. Any feedback anyone has is more than welcome.
Now Vic, I have no idea what happened there. I understand a losing streak, as it can happen to anyone, but her losing streak was completely outside of her normal trading. She never trades that much.
So how can we help protect users better? For one, we're going to implement a technical restriction that providers performance will have to adhere to otherwise the trades will be blocked. We can do this because the technical restriction we can say is to make sure our servers are properly configured to handle the load, with the added benefit of making sure customers are better protected. We are also going find a way to be able to tell if a provider is on a demo or live account and display that on their profile. Additionally, we're working to add additional statistics to the providers profiles that will show how big of a drawdown they've had.
We hope with these added technical restrictions and additional pieces of statistics will allow customers to stay safe and make better informed provider decisions.
We value your input, as well as our customers. Anyone who has any ideas as to how we can improve our service, can always email us at support@signalpush.com or post in our Skype room.
With so many of these brokers being shady, do you have a favorite broker that is proving to be trustworthy?
1) A professional firm like Markets World - 24options - Stockpair that will pay you and not give you much grief on price manip though all of these guys even the best brokers will constantly play some games you just have to not let them bother you as that is what they really hope to achieve with them. These firms are well capitalized and play less games less risk to the trader.
2) The semi capitalized firm that will pay some traders some they will get them with bonuses, scam video marketing tactics or brokers calling them to trade for them lol and will try to find ways and work at it to not pay you. Examples of these type of firms are BDB who has been reduced to this catagory by bad behavior and slowly losing their status everyday others in this catagor are Lbinary, Cedar Finance or a BeeOptions... They will pay you but you generally have to abuse them repeatedly to get your money.
3) The outright SCAM broker who is likely some mentally handicapped morally lacking dolt that has no intention of paying you anything at all and will do whatever it can to keep your money and you from withdrawing funds, some of them might make a show and allow a few minor funds to be withdrawn but really they are just there to steal your money - firms like this are examples, NGRbinary BancOptions on and on there are tons of them. The sad thing is anybody who did any research at all would know to not ever open account with any of these brokers but due to not doing any homework they end up posting on forexpeace army or here how they lost money... Sorry get over it and move on these guys have taken your money and just short of some police agency catching them are GONE! Next time do your homework.
The ironic thing is this, a well run business needs not run scam tactics as most traders 90% or more end up losing so whats really happening is 100% pure GREED of them not wanting to pay the WINNERS who win pretty big by the way *wink *wink...
*NOTE this thread is about MW and their current trade manipulation games = They need to stop them or else risk damaging their good reputation...
Lucy: Our developers are aware of this issue. They are working hard to eliminate it as soon as possible. Apologies for the inconvenience
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
Deromra Tob
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Deromra Tob
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Deromra Tob
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any body who received a bonus...without refer your friend/or promoted refferal link?
Deromra Tob
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