Forexland Review 5
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During a period of about two hours on August 2nd, more than ten trades were conducted and funds were lost. Although they were associated with four traders, the lots were different, but all of them were the same trades and were likely carried out through automated trading + alpha. Despite the fact that FOREXLAND prohibits trading with more than 80 lots or scalping within one minute, the trading results ignored these restrictions. They are considered to be part of the same group because they have the same IB code for FOREXLAND. Furthermore, I have previously purchased products from them, and the receipt at that time was issued under the name "Solid Arise Co., Ltd.", so they must be affiliated with that company. I pray that the damage does not spread any further and report this. I am attaching the copy trading results of one of the four individuals, Yamato: yamatosmarflash. FOREXLAND intends to compensate for slippage, but the payment will be made in Bitcoin.
I've been trading with Forexland for about half a year now and overall, my experience has been positive. The platform is easy to use and I appreciate the educational resources they provide. However, I have had some issues with the execution of trades, particularly during high volatility periods. This has caused me to miss out on some profitable opportunities.
Their customer support is quite warm, particularly impressed… However, I do see that its minimum deposit is from $500, a big sum for me… So I decided not to trade with this broker, just don’t like brokers asking for so much initial deposits… Guys, do you have any better alternatives to recommend?
