Hello, I have some questions for Steve or someone who traded already with bonus+deposit.
I have 10K GBP on my MaxFX no deposit account as credit.
If I deposit 200, it will be shown as balance, and 10,200 equity right?
1)Is this equity going to be fully tradable? For example if I close a trade with +1K profit, will balance become 1,200 and credit still 10,000 or balance still 200 and credit become 11,000?(apart from 1lot per 2$ calculations)
2)Another example, if I close a negative -1k trade, what will happen? Zero balance and 9200 credit or 200 balance and 9,000 credit.What is deducted first?
And if balance is deducted first and it become zero, what if I then made a +2K trade will it become 1,200 balance and 10,000 credit?Or how does it work…
3)About 1lot per 2$. Does it count only deposited money as lots converted or the whole account equity is able to generate counted lots?
I’m asking because I have a bad feeling about this broker, as I found only negative posts about it.