Hi guys the latest victim of the forex brokers has arrived lol. I’m I’ve been learning about forex for 3 months and just had my first profitable weeks and after consistantly giving my broker money so there is hope for me yet
Absolutely, there is hope.
Can you share your experience on how you lost to brokers to newbies can learn too?
Oh! Tragic! What broker have you been using and how much did you lose? Please give a detailed description of the event.
Oh so sorry to hear about that! Not a good start for a newbie but it’s nice to know that you’re not losing hope. Good luck and I hope your journey goes well this time.
I would say it’s all good after you have finally made a profit. From here on perhaps the course will stay profitable 
So the trading has been really good lately but I heard from a colleague of my say the the my broker xm global had denied him his profits so out if curuoriosity I decided to withdraw what I had in my account because if the they denied to give me the money I would feel way better if my profit was 20 usd instead of 2000 usd later on and sure enough 5 min after the without request they say I violated there terms and conditions and have taken back all my profit
Bad luck but I like your decision to trial cash withdrawals, very wise.
XM Global are based in Cyprus. They are not listed in the UK FCA register as brokers able to operate in the UK. For these reasons I would never trade with them.
But there is a general question here. If a trader breaches the T&C of even a well run and heavily regulated firm, and keeps losing money, will the firm tell him? Or will they just let him slowly bleed dry?
They probably wouldn’t because from my understanding I violated there terms by using different ip address while trading but this only became an issue when it was time to withdraw. Anyway any good broker recommendations