Atlanta Capital Markets Review 4
This platform, everyone stay away from it, it's a scam, interfering with accounts causing losses. I lost nearly 30k on this platform. The platform automatically adjusts the lot size of trading accounts. I traded stocks and the platform automatically adjusted them to 50 lots of gold. So everyone, stay away from this platform.
Today is October 23, 2024. At 9:55 PM, when I placed a buy order at 2716, the exchange pushed the price up to 2721. While my account was almost burning, even though the current price was 2716, when I checked my placed orders, oh no, the price was at 2712. The exchange manipulated the price by 9 pips and then I blew up my account. On another note, first, the exchange's IB will contact me, then inquire and lead me into a group called Quang Huy Trading. At first, there will be no conditions. Occasionally, they will give me a signal to enter a trade. And that trade will be profitable. After feeding me a few times, they will kick me out of the group. The exchange's IB will contact me and ask me to open an account, contribute capital to receive additional bonuses, and be accompanied by an expert to increase the chances of winning trades. Everything seemed normal until I couldn't withdraw money from my account. I placed a withdrawal order. The exchange sent an email stating that it would be processed within 24 hours, but after waiting for 2-3 days, there was no response. I waited from one day to another and didn't receive a single penny. I seriously accuse this exchange. Everyone should avoid it!
On May 31, 2024, I placed 2 oil sell orders on the ACM exchange; the volume was 0.2 and 0.3 at the corresponding prices of 78.11 and 78.15. The stoploss was set at 78.40. At this time, my account had about 800 USD. If the SL was reached, I would lose about 35-40 USD for each order. However, after about 10 minutes, I went back to my account to check and saw that these 2 orders had been pushed up to the price of 79.78 and the account was negative by nearly 800 USD. But in fact, the oil price on the market at that time was only at 78.28 and had not reached SL. After that, the oil price dropped sharply. I do not know how the ACM exchange adjusted so that my 2 orders jumped to such a high price while the market price was going down. Because of this adjustment of ACM exchange, my 2 orders that should have been profitable turned negative and led to my account being burned immediately. I sent an email to the exchange to request a solution but did not receive a response. Knowing that the possibility of recovering money is very low, I still hope to receive support and warn investors to stay away from the ACM exchange.
I started trading on ACM on April 4, 2024. My MT5 ID is 8000198, and my capital is 1000 USD. I am mainly trading gold and oil. On May 31, 2024, I placed two sell orders for WTI oil with volumes of 0.2 and 0.3 at prices of 78.11 and 78.15, with SL set at 78.40. Right now, the trend is down. About 10 minutes after placing the order, I checked and saw that my account was liquidated because the price of 2 oil orders jumped to 79.78 (as shown below), completely ignoring the SL I had placed. It is worth mentioning that the actual price on the market right now is much below the SL level (only about 78.24). Normally, oil prices fluctuate very little and do not have a price gap like gold, so it is unreasonable for the price of these two orders to go against the actual price and gap over the SL level. After discovering the incident, I immediately contacted the exchange support to complain but did not receive an answer, even though at a glance I knew that these two orders were errors. I also sent an email to the customer support inbox on the homepage, but there was no response either. It proves that ACM intentionally intervened in prices to go against the market, causing customers' accounts to be liquidated, and had no intention of supporting customers. We recommend boycotting this broker.
