TPFX Review 3
the context are as following - i put 2 sell limits on the currency audjpy - both of them have the same entry and sl. the difference between them are the take profit area and lot size. - the 0.02 lot size tp are 1:1 risk reward (21.7pips tp with 21.7pips sl.). 0.01 loy size tp are 1:3. (64.1pips tp with 21.7pips sl) - the 0.02 lot size positions, hit its tp. however the 0.01 lot size position sl. - 0.01 lot closed with -1.42 loss. while the 0.02 lot closed with 1.56 profit. now, is it mathematically possible that 0.01 lot size risk are the same as 0.02 lot size risk? the answer, ITS FUCKING IMPOSSIBLE. the parameter for the trade - 200usd equity - 2% risk ($4/trades divided by 2 position) - risk pips 21.7 pips - usdjpy prices (157.297) i used babypips calculator for taking my trades since it is accurate to a degree with a little deviations (0.000x deviation since babypips only go 0.000x decimal). using the parameter that i inputted, i have the final total lot size of 0.0286, rounded up into 0.03 total lots, with each 0.01 lots risking 1.3986 USD, rounding up into 1.40USD. now, the 0.02 lots risk should be 2.8USD. the reward SHOULD BE 2.8USD. however, by some VOODOO MAGIC TYPE OF SHIT i got a mere 1.56 USD in profit. i discussed this 'simple error' to their support. guess what, THEY AREN'T ANSWERING THE PHONE. i dialed, dialed, dialed and dialed. but alast nothing. maybe the emails work. NO. THEY DONT. The email somehow BOUNCED. (idk if its possible but it is apparently) so. what i get is, this is a shitty broker, with a shitty support system, that pints don't THEIR mistake into MY MISTAKE. i am speechless. pardon my french in this reporting sections, since if they did this with a small accounts, then they WILL DO IT IN A HUGE ACCOUNT. Their agreement means NOTHING FOR YOU. Jika kamu org indo, pliss jgn pakek ini, mending MIFX, ASIAPRO atau dupoin. setidaknya mrka fair dan GAMPANG DI HUBUNGI.
1. I started at the recommendation of someone I met on Instagram. Occasionally talked about profits from foreign exchange futures trading. 2. Deposited $1,000 and bought 3 seeds, making a profit of $136. 3. They told me to increase my funds if I want to earn more money. 4. Increased to $20,000, then made profits of $2,100 to $2,700. 5. They said that if I invest $75k, the profits will increase. 6. Increased to $75k. 7. Profits range from $12k to $82k, and I sell when I make a profit between 3-10 minutes. (If the broker contacts me, I buy and sell.) 8. Total profit generated is $181,962. 9. Attempted to withdraw funds: They said I have to pay personal income tax because the profit is over $150k. (35%) 10. Paid personal income tax ($62,669.80). 11. They said my account has a history of frequent deposits, so I need to verify the account. They said I have to pay a fee of $31,000, and after that, they will return the funds to my account unless it is illegal funds. 12. Customer service response: Hello, due to the inspection of foreign exchange customer accounts by the International Financial Anti-Money Laundering Working Group. After reviewing and confirming the deposit and withdrawal records at the exchange, it may be caused by frequent deposit transactions in a short period of time. We have reported your situation to the relevant department, and this communication will help with your cancellation request for the investigation! After passing the verification by the legal department of the exchange, you will need to pay a verification fee of $31,000 USDT. After the account is unfrozen, the verified funds will also be included in the trading balance. After passing the verification, you can perform normal tasks such as buying and selling coins, and transferring funds! That's all for now, and I haven't deposited the $31,000 yet.
TPFX's website is entirely in Indonesian, which can be confusing for foreign forex traders like me. While their trading conditions were competitive, I had to rely on Google Translate to navigate the menus and communicate with their customer service. Overall, I recommend TPFX for Indonesian traders who are comfortable with the local language, but it may not be the most user-friendly option for foreign traders.
