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Abstract：Making profits, but FXFlat is cancelling all of them? Do you constantly face losses due to slippage by the Germany-based forex broker? Is your forex trading account getting deactivated after making the FXFlat withdrawal request? Do you have to constantly deal with poor customer support issues? You are not alone! Many traders have openly expressed their frustration over these issues online. In this FXFlat review article, we have shared some of their complaints. Read on!
Making profits, but FXFlat is cancelling all of them? Do you constantly face losses due to slippage by the Germany-based forex broker? Is your forex trading account getting deactivated after making the FXFlat withdrawal request? Do you have to constantly deal with poor customer support issues? You are not alone! Many traders have openly expressed their frustration over these issues online. In this FXFlat review article, we have shared some of their complaints. Read on!
Losing trades have become normal for FXFlat traders, as the broker allegedly applies trade manipulation involving slippage to erode trading gains, as per multiple complaints shown below.
The issue of profit vanishing upon withdrawal requests by traders is also one of the growing trading issues at FXFlat. Concerned by this manipulative tactic on the FXFlat login, a trader shared views on WikiFX, a leading global forex inquiry app. Check out the exact complaint wording here.
A scalp trader highlighted a FXFlat withdrawal request initiated by him on the platform. Responding to the request, the broker not only rejected it but also deactivated the account. Upon contacting the customer support official on live chat, the trader could not receive a convincing answer. After receiving a lacklustre response from the broker, the trader shared the FXFlat review through these words.
The trader claims FXFlat withheld their profits and falsely stated that a liquidity provider had annulled weeks-old closed trades. Despite the brokers website saying all client orders are sent anonymously to a liquidity provider, the trader alleges FXFlat acted as a market maker and removed profits instead. After initially confirming the withdrawal, the broker reportedly reversed its stance, prompting the trader to involve a lawyer and warn others of unethical practices.
The constant claims of withdrawal denials, profit deletion and poor customer support service made the WikiFX team investigate the broker on several aspects, including its regulatory status. Our findings revealed the ‘Exceeded’ remark against the forex broker. The team thus gave it a score of 3.47 out of 10.
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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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