i want to ask about ib
my friend want to open an account and lost his money in 2 weeks
alot of money
then we discovered that this man is an ib for the company
is it legal?
can my friend take his money back?

I'm sorry for that, IB means introducing broker, everyone can apply for this service from forex company ,How long that ib run his business and which forex company ? you can ask to the company about this case ,actually there's no legal relationship from IB to his forex company .about your friend's money you and your friend must find that man or contact his number and meet him offline

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Forex Indicators Collection

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?

What you mean by IB? you mean IBFX(interbank forex)

no
ib means
introducing broker

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.

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