i have open an Live Account the broker called IForex & Started to Trade with minimum, Now they are asking me to Trade with High Capital, That is with more that $10,000.00.
What do you mean by “They are asking me to trade with high capital”??
They shouldn’t be [U]asking[/U] you to do anything, perhaps give more infos because i dont understand what its going on.
When I Deposit More than $10,000.00, It is something very big money for the New Trader, Will have control over my money[Can i withdraw the money whenever i needed], or The Broker IForex would cheat me with allowing me to Withdraw the money,
Are the reliable to deposit more than $10,000.00, Because i am planning to do Trading as my Professional Job, since i do not any other good Job in my hand,
Please Advise me, Since i am newbie i do not have any idea
hi kulandai,
i dont think the broker will steal you money. i think you will lose your money because you don’t have a clou how it works. I would choose a broker like fxcm, alpari … there are enough sources on the internet to find a good broker. as all the brokers are company limited you don’t get a 100% garantie. I would choose a bigger one with a good reputation.
I wish you good luck or should i say stay away and try without money first?
This solve most questions. After you learn how to trade (unless you do already) start with a demo account and then go for a live account but with little money…while you gain practice. If you invest 10.000 right now as the other guy say you probably will be wasting your money…don´t do it.
And when you deposit , in most respected fx brokers, a respected bank is behind them .
Hi!
Iforex is fraudsters and scam. Do not give them your money. Their main office is located in Israel and there is a consultant in several languages, they also have a lot of underground offices. Stay away from these scum
The Broker. They may have fiduciary accounts, but I would not rely on it. Will they close your account when you don’t take the 10,000 account? I experience with Alpari that the sales people keep on bugging me to deposit more. Just ignoring that helped me best.
Do you have the option to go with other more well known brokers, or are you limited to this broker, due to geographical political limitations? What makes them special that you want to trade with them rather than other brokers?
I don’t think the demand to deposit 10K as a must follow instruction. It is their business to request for more deposits and is your discretion to decide the amount of capital you can invest.