Quote:
Originally Posted by stav01
I thought that I would add my experiences here.
Last night the EA stopped working on my Activtrades account (it had been making profits the previous few nights). I called them to ask what was happening and they said that I was being moved to a new "direct to market" account as I was making money out of them the way it was working. This resulted in only trades with an exact multiple of mini-lots being able tobe opened or closed.
However, they screwed up and I was no longer able to open or close any trades at all on my account. When this was eventually fixed the spreads were horrendous. I giess I am now in the category of looking for a new broker.
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You know I'm reading some posts about account closings, some say brokers are closing accounts for using fapturbo. I don't trust the fap family of eA but I think any MANIPULATION they do is breach of contract and you should see a lawyer.
Where in their terms of use does it say "if we lose money and you make money, we reserve the right to close your account"???
Some responder said if we believe brokers are nailing accounts that make lots of money, then they feel sorry for us. But after reading your experience I wonder.
They haven't closed your account, directly, but they've certainly rendered it useless
I'd get a lawyer and see what he/she makes of it.
regards