Exposure
From confidence to despair, the endless fluidity of the platform and shameless management. After four months of trading, I placed a buy order at 1.2630 for GBP/USD. At that time, the market volatility was stable, but the order was actually executed at 1.2671, with a slippage of 41 pips. Please remember that on legally compliant Thai forex platforms, slippage is generally controlled within 5-10 pips under similar market conditions. Even more shocking was earlier this month when the European Central Bank (ECB) announced its interest rate decision. I set a stop-loss at 142.50 for EUR/JPY to prevent significant losses. However, when the market fluctuated, the stop-loss was actually executed at 143.23, with a slippage of 73 pips. This single order cost me $3,200, which was two months of my savings. This platform, which relies on slippage fraud and lacks integrity, urges all Thai traders to be cautious and not fall victim to the same scam I did!
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