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Resolved
The overnight interest rate of short gold orders on the GMI platform is deliberately adjusted to a negative value
Object 
GMI
Issue
Others
Requirement
explain
Amount
$0(USD)
Time
86day22hour
Mediation Progress
Hong Kong 2023-07-07
Resolved 
miles
milesSaint Lucia 2023-06-07
Reply GMI
Dear customer, please reach out to your agent.
Reply
Hong Kong 2023-04-12
Contact Broker 
WikiFX Overseas Customer Service
WikiFX Overseas Customer ServiceContact Broker
Hong Kong 2023-04-12
Verified 
WikiFX Mediation Center
WikiFX Mediation CenterVerified
Hong Kong 2023-04-11
Start Mediation miles
milesWhen the U.S. dollar interest rate is above 5%, the overnight interest rate for short gold orders should be positive. However, the GMI platform went against the grain and changed the overnight interest rate for empty gold orders to a negative value. The overnight interest rate for short gold orders per standard lot was as high as -33 US dollars. When the overnight interest rate for short gold orders on all other platforms is positive, and when gold shows signs of falling, the GMI platform deliberately adjusts the overnight interest rate for gold in order to kill customers who are short arbitrage on its own platform, which is simply lawless and very likely It is a precursor to running away, everyone must be careful about the safety of funds!
Start Mediation
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