I need a expert advise

Trading Systems Expert Advisors and Automated Trading
1

Hello all,

I would to ask you, can I be penalized for making few standard trades on mini account? ( I had more then enough free margin).
I wanted to close my account and withdraw all my money, but my broker refuse to send me the money because of that reason above.
After I asked the broker to send me all my detailed ‘‘unauthorized’’ trades I have made, but never showed me or explain it at all. Just offered me about half what I have in my current ballance.

Any opinion on this matter?? please I need help, broker name is InvesttechFX from Canada.

Lenka

2

You mean you traded a standard lot ($100,000) with a $10,000 account? I can see how this would deplete your account.

I don’t understand this. How were these trades unauthorized?

If you can explain a little more, maybe I or someone else on this board can give a better answer.

3

I did not deplete my account at all.
They refused to send me the funds from my account: because I have made standard trades on mini account (is this is a legit. reason?)

Also they closed 2 trade positions without any explanations totaling -290.00 usd, even my free margin cash was 1919.00 usd and that time, no other trades open.

5

Can you explain what you mean by that (in bold)? So there’s money in your account but they won’t release it?

6

Ok, I have currently in my account 1919.00 USD, so far they never sent me any money. In bold: I have with InvesttechFX what is called a Mini Trading account( lots 0.9-0.1) , I got the Mini account when I signed up with them ( 300.00 USD)
They have a argument for not returning my money because I have made standard (1.0 lots) trades.
But the platform I was using is a standard what they are alowed me and everyone else to use, and was not set only for mini or micro trades.
Also out of almost 1000 trades over 6 months I have made maybe 2-3 standard trades.
Hope you understand it now

7

Based only on what you’re saying, this indeed doesn’t sound right. Does your contract, or the ‘terms and conditions’, with them mention anything about this?

I may be wrong, but with most brokers, the only limit on the size of your trade is how much margin you have. If you attempt to trade a larger lot, it simply won’t go through.

8

Did not mention anyhting about this, and normaly long as you have enough free margin should not be a problem. Or they could disable that in the trading platform, since they are controling it. This is just a excuze they use for not paying me my profits. Also just found out InvesttechFX is registered as a software solutions company, which is against the law running a financial institution (forex broker), this way they are not obligated to follow any rules as a forex broker. Another thing, corporate address they use is a virtual office in Toronto, and they never disclose anyone’s last names even you asking for.

9

My opinion is they are going to screw you and you will be lucky if you ever see a dime of your money.

10

lollllllll

Hey !!! where did you get that broker man ?

and with all these advice other the net, all these good brokers with verified record, all these year of forex forum community… you just find InvesttechFX ???

sorry but really dear, you dream they will give you back anything ?

11

Hello all,

I have received all my funds from InvesttechFX today, my account is closed.