Hi all at Babypips! So I’m a trader from Pakistan and have been trading since a while now. I initially started with live accounts on BDSwiss, lost a few accounts since I was following signals from an Instagram trader called JamieTradesFX.
I have ever since been analysing on my own & only focus on XAUUSD trades now. Making some decent amounts on Demo Accounts. Creating new demo accounts and trading only XAU USD. In some cases of less risk trades, I have managed to double my account in less than 2 days!
I however am very skeptical about putting my money into a specific brokerage account due to the fact that there is no such confirmation that my profits will be able to be withdrawn without hassle. Here in Pakistan, PayPal & BTC are banned. Neteller and Payoneer aren’t of much use either when it comes to withdrawing FX funds.
What I am left with is withdrawing my funds directly into my local bank account (Habib Bank Limited) which will directly be sent by my new broker from Australia (Pepperstone).
I had thought of using OctaFX & ICMarkets prior to this due to their large internet presence but have read plenty of bad reviews about them regarding slippages, SL’s that don’t work when needed, and withdrawal issues. Some of these names are known to defraud innocent traders such as us.
Any trader residing in Pakistan and successfully withdrawing their funds in 2020 without facing hassle? Please let me know the channel you use to retrieve funds! Would be more than grateful!
