Quote:
Originally Posted by aminhtp
thanks
but i didnot explain well
this ib manageed my friend account and lost him 50 thousands in 16 days
some brokers told me that it isnot legal that ib managed an account in his company and your friend has the right to take his money
is it ture?
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What kind of agreement did you have with the IB and did you ask the broker whether their IBs are even allowed to do this? Next time you get a managed account you should also consider a maximum loss clause in the contract. Like if 20% of the initial balance is lost, the trader must stop. That way you would have only lost $10k or so.