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Can't withraw funds from a broker. Help!

vontogr (togr)
Mar 09 2016 at 12:44
4862 príspevkov
@HalleyFX
you either dont read the conditions or you dont care
The Company reserves the right to cancel the bonus and profits earned from said bonus when it is determined that the client has attempted abusive trading practices in an effort to unfairly take advantage of our bonus offer. Some examples of this include but are not limited to: Individual hedging in a single account; Individual hedging in multiple accounts; Team hedging in multiple accounts; trading in a manner that is obviously meant to only meet the bonus withdrawal volume requirements (i.e. - A trader with a history of trades for average duration of a few days suddenly executes multiple lot trades whose duration is under one minute).

It is good idea to use real trading machine like https://www.myfxbook.com/members/togr/caesar-multi/1528728
That makes a lot of lots and profit and fullfill bonus conditions

HalleyFX
Mar 09 2016 at 13:10
83 príspevkov
togr posted:
@HalleyFX
you either dont read the conditions or you dont care
The Company reserves the right to cancel the bonus and profits earned from said bonus when it is determined that the client has attempted abusive trading practices in an effort to unfairly take advantage of our bonus offer. Some examples of this include but are not limited to: Individual hedging in a single account; Individual hedging in multiple accounts; Team hedging in multiple accounts; trading in a manner that is obviously meant to only meet the bonus withdrawal volume requirements (i.e. - A trader with a history of trades for average duration of a few days suddenly executes multiple lot trades whose duration is under one minute).

It is good idea to use real trading machine like https://www.myfxbook.com/members/togr/caesar-multi/1528728
That makes a lot of lots and profit and fullfill bonus conditions


Yes, your right. I just know he needs something with lots of trades. I don't know much about bonuses. But I heard that some people do unlock them sometimes.

aidysproule
Mar 09 2016 at 16:48
18 príspevkov
Would it be possible to place a number of buy\sell hedge trades to reach your 2100lots quota?

It would mean taking bit of a hit on the spread but may be worthing looking into?!

vontogr (togr)
Mar 09 2016 at 17:18
4862 príspevkov
aidysproule posted:
Would it be possible to place a buy\sell hedge trades to reach your 2100lots quota?

It would mean taking a hit on the spread but may be worthing looking into?!

@aidysproule
you either dont read the conditions or you dont care
The Company reserves the right to cancel the bonus and profits earned from said bonus when it is determined that the client has attempted abusive trading practices in an effort to unfairly take advantage of our bonus offer. Some examples of this include but are not limited to: Individual hedging in a single account; Individual hedging in multiple accounts; Team hedging in multiple accounts; trading in a manner that is obviously meant to only meet the bonus withdrawal volume requirements (i.e. - A trader with a history of trades for average duration of a few days suddenly executes multiple lot trades whose duration is under one minute).

FXtrader2010
Mar 09 2016 at 17:18
724 príspevkov
aidysproule posted:
Would it be possible to place a buy\sell hedge trades to reach your 2100lots quota?

It would mean taking a hit on the spread but may be worthing looking into?!
you would lose all your profit 2100 lot x spread of 1-2 pips? that's 21k right there. Itll never happen, plain and simple, either has to change strategy and wait it out hopefully making money like the rest of us or just call it quits and move on.

Tomas Rodriguez Doherty
tommy2308
Mar 09 2016 at 18:26
88 príspevkov
Lesson learnt, Never accept bonus with conditions

Wilson (WilsonWang)
Mar 14 2016 at 07:32
11 príspevkov
Is it very important to understand what you signed with the broker my friend!!!
As you know there is pure STP (No trading restriction) and hybrid (no scalping) accounts, therefore before you start trading with ANY broker, make sure you double check with whoever contacted you from that broker, and confirm whether you can scalp or not.
Now, choosing a broker is really important! You need to see their regulator.
Now, As I know NFC is the largest regulator but it is mostly for USA brokers.
FCA, from UK, used to be good, but now brokers can easily obtain their license with money
ASIC is now better than FCA, ASIC is Australian government regulator.
FSP is New Zealand regulator, not too bad...
CySec, don't even mention... too many loopholes! Personally, I do not trust brokers if they only have CySec as regulator.

If you have questions, please message me :)

Cheers
 

stian
Mar 14 2016 at 09:32
325 príspevkov
There have been bad brokers in every juristiction. Judging the brokers based solely on their regulation is silly.

I just go safe and use brokers that have been running for years with good reputation and make sure your trading comply with the contract.


vontogr (togr)
Mar 14 2016 at 17:24
4862 príspevkov
stian posted:
There have been bad brokers in every juristiction. Judging the brokers based solely on their regulation is silly.

I just go safe and use brokers that have been running for years with good reputation and make sure your trading comply with the contract.


Brokers like?

Wilson (WilsonWang)
Mar 15 2016 at 07:19
11 príspevkov
stian posted:
There have been bad brokers in every juristiction. Judging the brokers based solely on their regulation is silly.

I just go safe and use brokers that have been running for years with good reputation and make sure your trading comply with the contract.


It is important, not based solely on... And yes, choose brokers that have been running for years with good reputation is also safe.
peaceforexarmy.com is good for doing research before choosing a broker.

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