BlackViper
Private
- Messages
- 30
I would like to inform all the dear members of the forum, that many things have changed in the last months, with more and most brokers adding in their risk disclosures (at the very bottom of their sites many times), the phrase that ''trading forex is very risky and your losses can be more than your initial deposit ''!
This simply means that the brokers who REALLY offer negative balance protection (and they will never go after their customers demanding any negative balances after a wild market reaction ) are now VERY FEW.
We should never underestimate the possibility of a big event like a stock bloody Monday, a terrorism action or a central bank unpredictable decision (like with the Swiss) which can easily wipe out the positions and create negative balances even for the most careful and experienced traders.
This the reason why we all have to be extremely choosy when we decide for our next broker.
The only brokers with REAL NBP, I personally know are FXPRO and Xm.
Please feel free to add your favorite brokers with negative balance protection, in order to inform all the members of the forum.
Thank you
This simply means that the brokers who REALLY offer negative balance protection (and they will never go after their customers demanding any negative balances after a wild market reaction ) are now VERY FEW.
We should never underestimate the possibility of a big event like a stock bloody Monday, a terrorism action or a central bank unpredictable decision (like with the Swiss) which can easily wipe out the positions and create negative balances even for the most careful and experienced traders.
This the reason why we all have to be extremely choosy when we decide for our next broker.
The only brokers with REAL NBP, I personally know are FXPRO and Xm.
Please feel free to add your favorite brokers with negative balance protection, in order to inform all the members of the forum.
Thank you