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Abstract:My position was liquidated by East Broker! They purposely spike up the price to Stop Out my Trading Account!
I opened a Sell Position for USOUSD (Crude Oil) at the price of $66.92, MT5 time 13:40:01. After that, in just a few minutes, the price spiked up to $69.67 at time 13:44, then followed by a new M1 candle (13:45) O: 69.67, H : 69.79, L :68.11, C : 68.16. Then it burst my account at price 69.69 ! Completely Stopped Out my Trading Account!
This is the chart of East Century Broker during my Account was Stopped Out!
This is the screenshot of my Live Account and the amount that was Stopped Out.
Ive opened a Demo Account on East Century Broker and also other Brokers to check Crude Oil Price. But during that time, only East Century Chart price reached $69.69! Other Brokers, the highest price was $68.97!
On the same day, I had requested to make a withdrawal of $4000. But the Customer Service said since its my first time of making a withdrawal, they gonna need 24 hours to assess my withdrawal request.
My Trading history and withdrawal request proof.
Since 14/5/2021, My trading was going smoothly. Its definitely not a coincidence that this happened. East Century manipulated my position and Stopped Out my account after I requested to make a withdrawal! This is absurd and ridiculous!
This is my chat with East Century Customer Service.
I feel very upset and hope that I can get my money back. Lets hope no other people got scam again from this broker!
East Century Review on WikiFX
By checking on WikiFX, we can see the broker is only scored 1.09. This broker is registered in China, and currently has no valid regulatory. which means the broker is quite risky. Be cautious while trading forex! It is suggested to download WikiFX APP first, so as to recognize illegal brokers before trading.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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