- Report: #1057841
Report - Rebuttal - Arbitrate
Complaint Review: Boston technologies Inc.
Boston technologies Inc.280 Summer Street, 9th Floor Boston, Massachusetts USA
Boston technologies Inc. Boston technologies scam, fraudsters and criminals Boston Massachusetts
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A lot of Forex dealers have two ways of making money.Spreads and hedging against losing positions, As a result they make money when the trader loses.
What is not fair is when broker deliberately uses software such as Virtual Dealer Plugin by Boston Technologies in conjunction with MetaQuotes,
which intentionally slows down execution of trades in Meta Trader 4 platform to turn profitable trades to be less profitable or make them a loss!
Slippage at POE can allow the broker to make more money and the trader less if there was no real slippage there.
This reduces the actual ability for exiting a trade, and therefore makes a trade less profitable! It also hides the real exit point and allow for profit
to be taken by the broker instead of me.
This is particularly bad because brokers target users who are likely to be new to the market and have little experience with trading and maybe do not know the dirty tricks that these brokers get up to.
Virtual Dealer Plugin and any other similar programme should be made illegal as it is deliberately aimed at taking money from traders who could easily be making profit.
I've noticed an increase in slippage occurs when my trades are profitable in the first months of trading.
This happens even during highly liquid times in the market!! And they benefit when i go bust by hedging, someone needs to step in.
A few slippages a day for thousands of traders each day adds up to a real lot of money, think about it...
This report was posted on Ripoff Report on 06/10/2013 07:26 AM and is a permanent record located here: http://www.ripoffreport.com/r/Boston-technologies-Inc/Boston-Massachusetts/Boston-technologies-Inc-Boston-technologies-scam-fraudsters-and-criminals-Boston-Massa-1057841. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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