If you earn something, they will take it away from you. I have had this case twice. I started with my $ 30,000 and went on to earn well over $ 100,000. Then, at the moment of major movements with EURUSD, Iron set up trading in such a way (I suspect a short-term change in leverage) that suddenly there was no funds and they closed my account in an instant. PAY AS ONLY YOU WILL EARN SOMETHING OR OTHERWISE YOU WILL LOSE EVERYTHING NOT THROUGH YOUR FAILURE. The case was dealt with by specialized lawyers from Bermuda. I'll be claiming $ 500,000 in damages plus costs.
The last of these situations follows.
On 27-07-2020 at 16:43 I was deprived of all funds from my IronFx account number 13109448 and leverage 1: 1000. All my EURUSD deals were closed at 1.17616 within 3 seconds. There was no such price at this hour. There was a maximum price of 1.17575. Earlier at 3:10 PM the price was above 1.17616, and I had around $ 40,000 in free funds at the time and kept checking my account by opening opposite BUY positions which significantly inhibited the loss of free funds.
At 4:43 pm with around $ 30,000 in free funds, all of a sudden all positions closed at 1,17616, which was not there at the time. This price didn't come until 5:33 PM.
That's how it is possible to close all my orders at one time, suddenly. I have been trading in IronFx for about 8 years, having full confidence in the IronFx Company and this happened to me, but it was followed by closing orders, but never at the same time all orders were closed at the same time. Friends of traders say that the reason is probably a short-term change of the lever to a much lower one, and then a return to the leverage 1: 1000
Let me mention that the trade was not dynamic at that time, but the increase in the EURUSD price was very slow. In the simulator, with my starting amount of $ 117,000 at 20:00, the curent profit was $ 46,615. I had a large reserve of funds, and for some unknown reason my account crashed. Attached scrin.
I believe it was impossible to suddenly close my account due to my mistake.
In the meantime, I asked for an analysis of the resulting situation in people dealing with traiding.
All three people agree that the reason lies in the lever that was briefly changed at 4:43 PM.
None of the competent persons at IRONFX VEL NOTESCO LTD responded to my complaint showing my error.
Marek
The last of these situations follows.
On 27-07-2020 at 16:43 I was deprived of all funds from my IronFx account number 13109448 and leverage 1: 1000. All my EURUSD deals were closed at 1.17616 within 3 seconds. There was no such price at this hour. There was a maximum price of 1.17575. Earlier at 3:10 PM the price was above 1.17616, and I had around $ 40,000 in free funds at the time and kept checking my account by opening opposite BUY positions which significantly inhibited the loss of free funds.
At 4:43 pm with around $ 30,000 in free funds, all of a sudden all positions closed at 1,17616, which was not there at the time. This price didn't come until 5:33 PM.
That's how it is possible to close all my orders at one time, suddenly. I have been trading in IronFx for about 8 years, having full confidence in the IronFx Company and this happened to me, but it was followed by closing orders, but never at the same time all orders were closed at the same time. Friends of traders say that the reason is probably a short-term change of the lever to a much lower one, and then a return to the leverage 1: 1000
Let me mention that the trade was not dynamic at that time, but the increase in the EURUSD price was very slow. In the simulator, with my starting amount of $ 117,000 at 20:00, the curent profit was $ 46,615. I had a large reserve of funds, and for some unknown reason my account crashed. Attached scrin.
I believe it was impossible to suddenly close my account due to my mistake.
In the meantime, I asked for an analysis of the resulting situation in people dealing with traiding.
All three people agree that the reason lies in the lever that was briefly changed at 4:43 PM.
None of the competent persons at IRONFX VEL NOTESCO LTD responded to my complaint showing my error.
Marek