iamgifted posted: Please advice, because I don't know what to do with the broker I have. I have trading account with www.stoxmarket.com I have put there my funds in total of 3300USD and also received bonuss/credit in amount of 7500USD. I have been very successfull lately scalping DAX and my balance grew up to 14 000USD. Together with the credit my equity is around 21 000USD. I want to withdraw the money, except the credit of 75000USD, but they don't let me. They say I have to trade certain volume to be able to withdraw the money. There are 2100lots to trade till I meet the volume, thats pretty much and would take a long time. Fact is, that Its really hard to do, because when I traded DAX successfully I had really low spread but now they changed it to 10 times higher. It's impossible to scalp.
Please support, J
You should be using Exness, they said, is good, easy to withdraw funds
ALWAYS deal with broker who is regulated. This way you know there will be support who will help you if you are in trouble with the broker. If you sign the terms and conditions and the broker is not regulated – you have to hope for a miracle to get your money back.
You really should have chosen a regulated broker. You should also check their license number in the website of regulation authorities. Try to avoid unknown broker. I am trading with Hanseatic broker and found them okay so far. They are also CySEC regulated as you know recently this regulator became much stricter capping leverage at 1:100 (or 1:50) so I find my trading much safer now under them.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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