Hi all, I have opened an account with USGFX - £5000 initial deposit.
My MAM takes his performance fee every month, but I don’t understand why my intial deposit is reducing after he has taken his fee.
My total equity is now £5361 but the initial deposit now states £4934 (66 performance fee)
Eventually the initial deposit will reach zero, what happens then?
Ask their support team & did you open this ID only for this post? Strange!!
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What is strange?
I have asked the support team but they haven’t replied yet. I just wondered if anyone here understood why this is happening.
When your deposit reaches 0, your account is blown. He’ll keep taking his fee whether he makes you money or not. Withdraw it and learn to trade yourself. Never leave your financial freedom to someone else.
Are you sure the account will be blown?
The equity is still increasing and is at £5361 so how can it be blown?
Why dont you just ask them? It’s been 3 days since you posted. You’re paying them a fee so they should have one minute to explain what it all means. I trade my own money so not interested in account management services.