Hi everyone, and thanks for reading my post.
I have been trading with the online brokers at ProfitIx based somewhere in the Caribbean for about seven months, and have been urged, no, coerced into depositing no small sum. Things seem to be going okay, there are profits to be sure, but the running deficits seem to keep up with them!!
My question concerns withdrawals. I s it normal for traders TO ONLY BE ABLE TO WITHDRAW FUNDS WHEN THEY HAVE ZERO TRADES OPEN, ie you must close all trades to make a withdrawal??? I am on a “statistical contract” which allows me to withdraw 3% of my free margin per month upon request, in turn for filling 9000 lots over the duration of the contract ( six months)
This was sold to me as something not to be missed.
If my car breaks down and i need to buy a new one ( or dental work/school fees/unforseens/you get the picture) basically i would have to close all trades to get some of my money.
Is this normal?
Are these " contracts " normal:( is 9000 lots in six months normal::20 lots GBPUSD gets Profitix $960 worth of spread today…)
Please give me any feedback you have about your brokers and your experience with these online companies.
Thankyou so much.