Suffer from slippage
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G Greg T
Account Number: (255xxx)
Sep 12 2022
Account Number: (255xxx)
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J Jacob Gibson Dec 17 2023
I've had a negative experience with Eightcap, finding them to be an unreliable intermediary that mishandles funds. Each trade seems to suffer from slippage, regardless of market conditions or liquidity. It's frustrating to anticipate hitting your stop only to find it manipulated, resulting in at least a 100-point loss per lot. Moreover, trades are often opened several points away from the intended entry, which is highly concerning.
This unethical behavior seems to occur in three ways: through slippage on stops, opening trades far from desired levels, and closing positions at significantly lower prices. It's disheartening to realize that upon closing a deal, a quarter or even half of the expected amount has been unjustly taken. I possess evidence of this malpractice with each transaction, further solidifying my disappointment with their services.