LATOKEN locked my account with strange rules.

doedz

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Quote from: boris singer on November 27, 2019, 04:30:22 AM

Quote from: dunfida on November 26, 2019, 06:05:30 PM

Scalping is a kind of trading where you do have that active positions or orders and targeting out even on the slightest movement.Might not be big in profits
but doing it on constant green will really be profitable in the end of the day.

Have heard out about Latoken exchange but i dont have experience on using that up.Its just odd that they do block a certain user because of scalping and saying
manipulating the order book? Its an unbelievable reason.

will be counted as false positive if the majority of orders are dominated by trading bots. Manual scalping will also be affected if traders cancel orders too often.

Cancellation of an order quickly will burden the server so that it annoys other users.
surely that is a violation. of course this case is a user violation and the exchange has the authority to lock the violating account.

Strongkored

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Quote from: asyakashi on November 26, 2019, 06:41:13 PM

Finally after I protested continuously my account was unlocked.
I will withdraw all my assets and leave Latoken.
Thank you to all members who gave positive suggestions.

I'm suggesting you to locked this thread, if not there will be other member reply in your thread without noticed that your issues solved.

Dalmar

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Quote from: asyakashi on November 26, 2019, 06:41:13 PM

Finally after I protested continuously my account was unlocked.
I will withdraw all my assets and leave Latoken.
Thank you to all members who gave positive suggestions.

Which evidences do they show during the account unlock process? It is interesting to be blamed why the trader manipulate the order book if there are a lot of trading bots around the altcoin trades in exchanges. Did the management ask the newe KYC with different documents requirements? Last time Y exchange asked me to pass the KYC with the stupid questions like which exchanges do you use or Are you ever blocked by the global exchanges? lol

boris singer

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Activity: 882

Merit: 268

Quote from: dunfida on November 26, 2019, 06:05:30 PM

Scalping is a kind of trading where you do have that active positions or orders and targeting out even on the slightest movement.Might not be big in profits
but doing it on constant green will really be profitable in the end of the day.

Have heard out about Latoken exchange but i dont have experience on using that up.Its just odd that they do block a certain user because of scalping and saying
manipulating the order book? Its an unbelievable reason.

will be counted as false positive if the majority of orders are dominated by trading bots. Manual scalping will also be affected if traders cancel orders too often.

Quote from: asyakashi on November 26, 2019, 06:41:13 PM

Finally after I protested continuously my account was unlocked.
I will withdraw all my assets and leave Latoken.
Thank you to all members who gave positive suggestions.

quite unique, I use latoken and have no problems, maybe it has something to do with the improvement of their system algorithm lately.

ashmodeus

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Activity: 1638

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Quote from: asyakashi on November 26, 2019, 06:41:13 PM

Finally after I protested continuously my account was unlocked.
I will withdraw all my assets and leave Latoken.
Thank you to all members who gave positive suggestions.

now you know , a high reputation exchange is the important for your money , they can control everything on your account, actually i never heard a cases like this ,
suddenly got blocked when u trading , i wonder how they take action to bot trader on their exchange ? as we know , bots are more craziest than human trader.
but well , at least the cases solved.

asyakashi

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Finally after I protested continuously my account was unlocked.
I will withdraw all my assets and leave Latoken.
Thank you to all members who gave positive suggestions.

dunfida

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Activity: 3122

Merit: 1140

Quote from: logfiles on November 26, 2019, 05:27:55 PM

Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

At least they need to provide evidence that you were manipulating the order book otherwise feel free to open up a scam accusation ASAP. Scalping is a normal type of trading strategy and i do it every day on exchanges like Bitmex and Binance

Scalping is a kind of trading where you do have that active positions or orders and targeting out even on the slightest movement.Might not be big in profits
but doing it on constant green will really be profitable in the end of the day.

Have heard out about Latoken exchange but i dont have experience on using that up.Its just odd that they do block a certain user because of scalping and saying
manipulating the order book? Its an unbelievable reason.

logfiles

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

At least they need to provide evidence that you were manipulating the order book otherwise feel free to open up a scam accusation ASAP. Scalping is a normal type of trading strategy and i do it every day on exchanges like Bitmex and Binance

harizen

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Not supporting that trading platform (not even suggesting it to others) but I've used LATOKEN before and never have a problem. Well, no choice as one of the tokens I'm playing around during that time only has an active volume at that platform.

Since you already know the reason why your account is a lock, it means you already reached out to the support.

What happens next? Do you respond to their email asking for additional information about how on earth you did some order manipulation? If yes, what's their response?

Slow death

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

you should open scam accusation

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ANN Thread: [ANN] 🔵 LATOKEN - Multi-Asset Trading Platform 🔵

PS: don't forget to post some proof (print screen) and create flag

samuraijin

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

I have also experienced cases of accounts being locked out, who knows what caused it, but I made a support ticket and finally I was only asked to verify my account and my account returned to normal again, a case like yours is quite strange if only because of price manipulation while it is your right in trading, you can report this and make a support ticket, I haven't traded there since 2 months ago, because I don't feel comfortable and their exchanges have a lot of bad reputations

Dalmar

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Life is short, practice empathy in your life

Blocking the exchange account due to the scalping? Come on, something is not right here, Latoken is not a big exchange and I don't trade there regularly but trading based on the order book activity should be categorized as a manipulation. If you have a big amount of specific token and put the sell order with the cheapest ask, later you place a high bid price, this is called a manipulation. You didn't describe the issue but I guess it is a similar case that I wrote here.

BitcoinTurk

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

Unfortunately, the service you mentioned is a service that has become popular with such ridiculous decisions and hijackes the money of its users without any reason. Many people who have been members of this forum have had problems with the service you mentioned before and lost their money against this service. I would advise you not to use this service regardless, because this service is not of good quality. In addition, since the current trading pairs are also low-volume, the large transactions you may perform may be pretexted as manipulation. Therefore, I would advise you to be very careful when using such bad services and never keep all your money in the accounts of such services.

batiry

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Activity: 938

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It is always unpleasant to be in such a situation.When your account is blocked without warning. This is probably a program,but it is still the wrong actions of the exchange.

Ryker1

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Well, in this case, you should contact their support and ask what is the reason for locking your account. I personally don't like this exchange since they are in ICO stage, probably they are lack of honesty and should never trust. Just like what happens into their airdrop and until now nothings happen on distribution and now fake trading volume. They are completely shady behaviors. Indeed, If I were OP I will open scam accusation if he'she can provide valid proof.

zeze18

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Activity: 938

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

You should contact the exchange support, maybe you're buying and selling a low volume coins and you do it repeatably so the exchange detected a malicious activity there, i'm sure you can get your account back if you contact the support with evidence

Jakhan

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

If this is true, then it is bad. Must add information about this exchange. Otherwise, other users will also be banned. The management of latoken should make a statement about this or post information on their website. Now we can only share this information on forums or review sites. For example, on these: https://revain.org/exchanges/latoken or https://www.trustpilot.com/review/www.latoken.com. This is the meaning of the community - to help each other.

nreal

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I don't regularly trade on Latoken and do not use it as a main exchange, it gives a very bad experience, Sluggish platform, frequently crashed charts, poor liquidity. A lot of people call LA a junk exchange, because it lists a lot of tokens with no value.

the rise

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Quote from: asyakashi on November 24, 2019, 05:10:04 PM

I was trading normally (scalping), suddenly my account was locked and they said I was manipulating the order book.
until now my account is still locked.

is there any explanation your account is locked for 7/30 days?
Scalping is considered ambiguous by the Latoken system, because general traders are considered to be looking for points to stimulate bots to move to certain prices. Opening / closing orders quickly and repeatedly is considered to violate the rules, I've heard stories about this, and your account can still be forgiven by a certain point.
Or is there another case?

Kupid002

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Activity: 1036

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Quote from: acdc on November 24, 2019, 11:59:24 PM

Personally, I don't like exchanging Latoken, they often manipulate prices and there are a lot of fake orders on them.
KYC also annoyed me, they demanded KYC but the process was complicated, I had to try again and failed so I decided not to use Latoken exchange.

If they are the one who make a fake orders why blame it to users ? who just want to use your exchange normally. I wish they can fix the issue they are just started a year ago and they need trust from users to confidently use the exchange.

Topic: LATOKEN locked my account with strange rules. (Read 322 times)