Searching What is the best regulated and legitimate Forex brokers with Negative Balance Protection

[shanmugapradeep]

Hello,

I am using ICMarkets and I am happy with them, except they do not have negative balance protection. I usually trade in high volatility markets like news events, national elections, and other major events. Most of the time, my balance falls into the negative, 3-5 times my original balance.

Recently, during the NFP release, gold dropped 1900 points against the USD. My account balance was $100, and I used full leverage. Suddenly, the news went against my position, and my balance became -$580. The worst part is that when your balance is negative, they won’t allow you to withdraw money from other trading accounts until you clear the negative balance.

Can anyone please suggest the best Forex broker with negative balance protection?

 

[Komondar]

Hello,

I am using ICMarkets and I am happy with them, except they do not have negative balance protection. I usually trade in high volatility markets like news events, national elections, and other major events. Most of the time, my balance falls into the negative, 3-5 times my original balance.

Recently, during the NFP release, gold dropped 1900 points against the USD. My account balance was $100, and I used full leverage. Suddenly, the news went against my position, and my balance became -$580. The worst part is that when your balance is negative, they won’t allow you to withdraw money from other trading accounts until you clear the negative balance.

Can anyone please suggest the best Forex broker with negative balance protection?

Hi,
You might want to consider axi select. I've been trading with them for a while, and they offer some great features, including negative balance protection

 

[RahmanSL]

Hello,

I am using ICMarkets and I am happy with them, except they do not have negative balance protection. I usually trade in high volatility markets like news events, national elections, and other major events. Most of the time, my balance falls into the negative, 3-5 times my original balance.

Recently, during the NFP release, gold dropped 1900 points against the USD. My account balance was $100, and I used full leverage. Suddenly, the news went against my position, and my balance became -$580. The worst part is that when your balance is negative, they won’t allow you to withdraw money from other trading accounts until you clear the negative balance.

Can anyone please suggest the best Forex broker with negative balance protection?

I-See-Bucketshop a.k.a. ICMarkets is one of the worse brokers out there as they are unscrupulous by manipulating their client's trading platform with phantom spikes to wipe out their client's account.

 

[PanzerWang]

Hi dude, I recommend Vantage, it has similar spreads and leverage to IC and offers 24/7 one-on-one personal customer service that can help you with any problems you encounter. And it offers negative balance protection.