vanzadorbey posted: if you are not in a scam broker...you can easily withdraw your funds... Go with a broker that is regulated...I would not suggest using broker that has establisment offshore...
I am with you on the regulated bit, but you must know that many firms now have their offshore offices (like degiro recently) to be able to offer their clients higher leverage. I feel it’s totally in the interest of us traders, tax-wise too, what’s in it for the brokers I’m not sure.
Breonnataylor posted: That’s hardly possible. Usually brokers use a payment method that is directly proportional to the deposits which means the same e-wallet, bank account, or card.
But what if I still have open positions? Can I still withdraw the money?
Truly said and you can do this by calculating the free margin calculator. I have been using this calculator on fxview and fxtm to basically manage my trades. Determining the position size and whether I should exceed the leverage level. I have been trading better.