Big Heist On The Mexc Stock Exchange
I recently suffered a major setback on the MEXC Exchange, which left me in disbelief and financial distress. My stop loss was supposed to trigger, as the visuals on my trading platform clearly indicated, but it simply did not. A trader's worst nightmare has come true. Now, I'm expecting the usual excuses and justifications from the exchange to defend themselves against this blatant disregard. This does not change the fact that their failure to execute my stop loss has resulted in significant financial losses for me. The sense of helplessness and frustration was overwhelming, as I had relied on the exchange to perform its fundamental duty of protecting investors like myself. Instead, I'm dealing with the fallout from their irresponsibility.
Dear MEXC User, First of all, we wish you a good day. As mentioned to you when placing a TP SL Order, the order is executed at the best price between the price you set and the market price when triggered by market fluctuations. In other words, minor deviations may occur in TP SL orders. For your order to be executed in futures trading, there must be a buyer on the opposite position, and only then can your order be executed, and your position transferred. If your TP price is triggered, a sell order is created at the best market price at that moment. Additionally, a transaction fee is added to the realized PNL, so while the unrealized PNL appears as positive (+), it can become negative (-) as a result of your take profit or stop loss order. When you select TP/SL, you are essentially saying sell at the market price when the price reaches this point. If you want to close the position at a specific price, you need to place a limit order to do so. You can contact MEXC official staff, thank you very much. MEXC Turkey Official ŞikayetVar Team
