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Resolved
The ban on trading caused forced liquidation
Object
TMGM
Issue
Others
Requirement
2020031827311524118
Amount
$4,589(USD)
Time
111day9hour

Mediation Progress
Hong Kong2020-08-11
Resolved
Mamatjan
Australia2020-04-28
Reply
TMGM
Dear user, first of all, the market uncertainty has increased sharply, and the crude oil market has also experienced dramatic fluctuations recently due to the risk factors such as the spread of the global epidemic, oil price wars, and the circuit breaker triggered by the stock market of multiple countries. Before the time period mentioned by you, TradeMax reminded our customers of risk control more than once through WeChat official accounts and related publications on various platforms. The forex broker also emphasized that liquidity suppliers might limit the opening of positions when the price of crude oil products fluctuated greatly (but allowed the closing), or close all relevant product positions when the price fell to 0 or was close to 0. The platform may make necessary measures at any time (including weekends) to protect the interests of most customers, such as reducing the leverage of crude oil products and suspending product trading. At the same time, in the early hours of April 22nd, TradeMax once again notified each user via email that it was currently impossible to open new positions for XTIUSD crude oil products, but the closing of a position order would not be affected due to the current special market risk of crude oil. The specific email screenshot is as follows. TradeMax did issue related notices before the incident you reported. If you have any questions, you can use your registered email to send relevant screenshots and descriptions to support@trademax.com.au, our staff will reply to you as soon as possible.

Reply
Hong Kong2020-04-22
Supplemental Materials
Mamatjan 


Trading was banned, which led me to liquidation. So compensate for my losses!



Supplemental Materials
Hong Kong2020-04-22
Contact Broker
WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong2020-04-22
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WikiFX Mediation Center
WikiFX Mediation CenterVerified
Hong Kong2020-04-22
Start Mediation
Mamatjan 


Last night, my order was locked, causing forced liquidation.



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