are you saying they dont cover the loss as they advertised?
i dont believe you read the whole trading agreement… what’s wrong with it anyways, copy and paste please.
FYI: Every legit Forex broker on the planet will have a “protected account” feature. Don’t get too excited; it’s their own acct they are protecting. Think about it, in real market conditions if you got whipped with a $9000 loss and only had $1000 cash in your margin acct, who would [have to] make up the difference?
Protected account.
What iforex mean by this is that your losses are protected.
I would say this runs on the same principle as a dealing desk,
they monitor the account, so that when the account goes
into the red it will still trade. No margin call.
We do not use Margin Calls.
I also mis-read this the first time I saw it, because they go on to
explain what a margin call is, then say they do not operate one.
what’s wrong with it anyways,
There is a disparity in the office addresses, who owns the domain
name, which is the website, plus I have seen Switzerland mentioned,
Greece, British Virgin Islands et al.
They have no governing body, ie NFA or FIA, which monitors
scam sites etc.
All in all the “against” column is stacking up higher than the "for"
column.
walkonwallstreet if you are hell bent on trying this scheme there
is nothing anybody can say, if you use all of your account balance
on one trade this would be a pip value of 89 cents on EUR/JPY,
this is one of the most volitile pairs, it can move 300 pips down
one day, then 300 pips back up another day. Or it can just keep
going down/up.
:wishes:
yes … i ll loose 100 dollars there … thats the risk you take there …but think about the benefits… there is no account drawdown with this 100 dollar protected account for a period of 2 weeks … i can always have a position of 10000 open … which other trading account has this feature … am seeking the help of all who subscribed to this thread to let us know if -
there is any other account out there which has a NO ACCOUNT DRAWDOWN feature …
Cheers
… Jennings �$
P.S. I will let you know what iforex has to say about the domain name address differences …
are you setting up an iforex protected account anytime soon? keep in touch let me know what’s going on… thank you!
Dear Jennings,
iFOREX is a big company with several hundreds of employees employed in offices around the world, the contact details of which you can find on our website as well as underneath this e-mail. We’re currently waiting for official confirmation from the Financial Services Authorities that we will fall under their jurisdiction. We have a customer base of many thousands spreading throughout the world, with small customers who trade from $100, up to customers with accounts of many hundreds of thousands of dollars.
The official trading agreement that our customers sign when they open an account is available on your account on the left side of the page, I also included it to this e-mail so you can easily review it yourself.
I hope this answers your questions.
Greece
FIH�s Headquarters
Nikis 15 Syntagma Square,
Athens, Greece
Customer Support:
+30-210-374-2599
Dealing Room:
+30-210-374-2555
Technical Support:
+30-210-374-2575
Switzerland
29 Route de Pr�-Bois
Geneva 15, Switzerland
Phone:
+41-22-929-5792
Fax:
+41-22-929-5628
Spain
Frederic Mompou 5, 5� 2�
08960, Sant Just Desvern
Barcelona, Spain
Phone:
+34-93-473-6471
Fax:
+34-93-473-6471
China
1/F, D2, No479, Chundong Road,
Xinzhuang Industry Park,
Shanghai, 201108 China
Phone:
+86-21-51760221
Fax:
+86-21-54428474
Romania
FXR Servicii Forex
Bd. Dimitrie Cantemir No.1, Block B2
Entrance 2, 6th Floor, Sector 4
Bucharest, Romania
Phone (Dealing):
+40-21-406-9022
Phone (Office):
+40-21-319-8283
Fax:
+40-21-319-8284
Italian Desk
Phone:
+39-02-387-00622
Best Regards,
Jacco Levits
Account Manager
International Support
phone:
+41-22-929-5792
Fax:
+41-22-929-5628