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Resolved
Complain about extreme slippage on FOREX.com, reminding traders to be careful! Don’t be the next victim.
Object
FOREX.com
Issue
Severe Slippage
Requirement
compensation
Amount
$636(USD)
Time
59day5hour

Mediation Progress
Hong Kong2024-08-22
Resolved
FX2594067707
Sensitive information
This content involves sensitive information, so it's hidden by WikiFX
Hong Kong2024-06-26
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WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong2024-06-26
Verified
WikiFX Mediation Center
WikiFX Mediation CenterVerified
Hong Kong2024-06-14
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FX2594067707
At 8:30 pm on May 10, 2024, I placed an order to short USDCAD on the FOREX.com trading platform at 1.36750, but the actual transaction price was 1.36473, with a slippage of more than 27pips, far beyond the normal range, which seriously affected my trading results. After reporting to the customer service, they shirked responsibility on the grounds of market factors, which is neither reasonable nor in line with industry standards. According to industry practice, slippage should be within a reasonable range, and the huge slippage of this transaction obviously violated this principle. In order to safeguard my legitimate rights and interests, I asked FOREX.com to compensate for this transaction. If I cannot get a satisfactory result, I will complain to the regulatory authorities and take legal action. The following are screenshots of the relevant transactions: the order price is 1.36750, the transaction price is 1.36473, the slippage is 27.7 pips, resulting in a loss of $277 per lot!
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