Hello Traders..
Please be aware with the bucket broker..!!!!
Even RBI and government need to look forward into matter, the company called MRC Consultancy Private Limited aka MRC India dealing into Forex Market inspite of being band in INDIA.
Even the regulations they are saying that all are incorrect. Vivek Dave the own and director and Suken Dhami Mumbai incharge of MRC is a perfect bucket shop broker opened to scam and cheat clients.I had an account 1 year back.when i was loosing everything was fine.When I started winning things changed as with all bucket shop scam brokers,they increased the spreads sometimes upto to 30 pips.when I contacted them for a feedback the reply was interesting.”we dont have any problem with any particular styles of trading however we discourage scalping as this complicates the dealers work.Hence we urge you to change your style of trading and the spread will come back to normal” When I asked them to differentiate scalping and normal trading they gave another BS explanation.”There is no specific definition for scalping however a 150 pip profit on EUR/USD would not be called a scalping”. I just took out my money and ran.I urge all traders not to open an account with this broker even during the learning phase coz there are umpteen number of better brokers out there.
Please be aware and RBI and SEBI help in this matter.
