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Resolved
The platform's gold price and market price current price slippage is extremely high!
Object
Mitrade
Issue
Severe Slippage
Requirement
compensation
Amount
$300(USD)
Time
42day17hour

Mediation Progress
Taiwan2024-10-20
Resolved
Mike Lee
Australia2024-09-20
Reply
Mitrade
We have checked the trading history of that user. The main losses occurred on August 23rd due to significant fluctuations in gold prices that evening. We reviewed the user's liquidated orders and compared them with the market quotes from competitors on that day, and found no significant discrepancies that would indicate slippage leading to losses. During that period, our quotes were continuous. The user’s sell order was liquidated before the market reached its highest price. Looking at the hourly chart from 10 PM on the 23rd to 2 AM on the 24th, there were substantial fluctuations in gold prices. The user did not set a stop-loss; they only set a take-profit.
Reply
Taiwan2024-09-07
Supplemental Materials
Mike Lee
On August 23rd, the slippage was abnormal, which caused my position to be forcefully closed! I am requesting compensation of 3,000 USD, which is the correct amount of my loss.
Supplemental Materials
Hong Kong2024-09-09
Contact Broker
WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong2024-09-09
Verified
WikiFX Mediation Center
WikiFX Mediation CenterVerified
Taiwan2024-09-07
Start Mediation
Mike Lee
Same as above!
Resulted in forced liquidation, loss of $37,000♈

Start Mediation
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2. Unauthorized reprints of cases in this platform are prohibited. Offenders will be pursued their legal obligations
