Avafx / Con artists
I was trading forex on 29th Oct. 2008 and Avafx stole from my trading account just over $200 by sending me a wrong margin call and liquidating all my open positions.
The trade had gone against me that evening.My used margin was $225.My usable margin had gone down to -$130's and my equity had also downed to $50's.And that was the lowest did my trades reach.If the trade had continued downward till my usable margin had reached -$210, i would have deserved a margin call, but it did not.
There was a rebound and the trade turned suddenly in my favour.My equity rose from $50 to about $221, and my usable margin went up to -$3.71.I was smiling when at that point, a margin call came and all my open positions were liquidated and I lost my equity of over $200.
The margin call which I received was wrong because my equity of over $200 was enough to maintain my open positions and if ever i was to receive a margin call, it should have come when my trades were really bad at-$130's for usable margin and $50's for equity but not when the trade was favoring me and the figures had improved tremendously.
I have reported this matter to Avafx but they insist that it was a margin call issue but they cannot support their assertion with any figures.They are actually thieves and i want you to assist me to get my money back.