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GLOBAL GOLD & CURRENCY CORPORATION Review 14
The orders were executed at the price of 123.844, more than 11pips below my sell limit, and even below my target price. The slippage are directly eating into one’s profit and funds it’s already bad enough having to suffer from wide margins this broker isn’t for just anyone
I've been noticing some super shady stuff with GGCC BROKER lately. Like, my 25 pip stop-loss got hit when I was in a 30 pip profit, that's a 55 pip spike in the spread on a major currency pair! And then, something even crazier happened - my BUY trade was closed 72 pips BELOW my stop-loss!! The closest the bid price came to my SL was 52 pips, and now it's back up to where my take-profit was. When I asked them about it, they just said it was "slippage"!! Are you kidding me? 72 pips of slippage on a running trade with a 1.1 pip spread? That's not slippage, that's robbery! How are we supposed to trade profitably if this keeps happening?
I'm still reeling from my experience with GGCC BROKER. The slippage issue is the worst part - it's like they're waiting for me to make a move so they can take my money. I've seen it happen time and time again, sudden spikes that trigger my stop-loss, wiping out my account. It's not just me, I've heard similar stories from other traders. The slippage is so bad, it's like they're manipulating the market to liquidate our positions.
I opened a 16 lot short position in the EURUSD. This was made up of two 5 lot positions and one 6 lot position. I calculated my sizing so that my 20% automatic stop out would only be triggered if the market breached 1.0904. However, as shown in my screenshots, the market closed my 6 lot short position out at 1.08922. At this level in the EURUSD, my margin level would only be 75%, well above the 20% automatic stop out level. This is quite concerning as I am not being offered the leverage I thought I had, namely 500:1 with automatic stop out at 20%.
I'm quite frustrated because this level of slippage erodes my contidence in their platform. Thier Spread level is on another level, I expect a broker to execute trades accurately and promptly, but it feels like they're mishandling my orders. For anyone considering this broker, I strongly recommend testing their execution thoroughly before committing significant funds. This slippage issue could turn your trading experience into a frustrating ordeal, so proceed with caution.
My withdrawal has been delayed and Pending for long I haven’t received it and my dashboard isn’t showing the balance of my funds…. I haven’t received the withdrawal so why is my dashboard cleared…. this broker is really Scammers
This is a scam Broker after their Slippage is very high and big and all of a sudden after a lot of losses I can’t login my account again it’s been deactivated no withdrawal nothing happened…This is Really Frustrating
I made withdrawal but since it’s has been pending even after contacting the CS the said 24 hours but it’s been more than that now and the CS is no longer responding this is ridiculous
