Strange, this is the second post for ActivTrades with similar case. I trade with them and had no such problems so far. I am only annoyed that it takes too long to withdraw.
Did they provide a reason for cancelling the trades?
Yes, in their opinion violation of clauses 9.13.5 and 9.14 of the contract.... i've asked more details about that but no answers. Simply deleted ALL trades, ALL profits in 4 months.
I mean normal trades, some of them lasted some minutes, others some hours. No scalping with thousands of 1 second trades.
A serious broker should stop you after few days if something wrong. Something like "Ok, we don't like your trading, take your money and goodbye".
ActiveTrades.com (BS) it's like saying "Ok, you're a winning trader for 4 consecutive months... that's strange for us and anyway not allowed here because we like only losing traders. I'll take your money and i will close your account".
That's the way it is. And in this forum i see also many other situations like mine.
How many months are you running your account? Equity is in profit? How many winning months do you have?
Here is my september trading statement, randomly chosen and absolutely similar to october and november.
In the .zip there is the .html.
Few hundreds euros in gain with my strategy, without scalping thousands of micro trades a day.
So, let us get this straight, a regulated entity with a FCA license, btw Bahamas FX regulation is no joke, reversed trades on two people with identical trading (same pairs) and some other guy probably doing the same on TSLA.
By the looks of it the said traders as someone else pointed out jump from broker to broker complaining about profit reversals, including against firms like IG that are the largest CFD liquidity provider in the world that probably makes more than 10,000 USD of profit a min. IG Group is a listed company with 640 mln quid in revenue and 250mln in net profit.
Yes, its definitely the brokers. Sorry, I have no sympathy if I am right about what you are doing as this is blackmail. I work for neither ActiveTrades or IG but I feel this conversation is so onesided that someone needs to play the devil’s advocate (whom might not be the devil). Take me for a paid shill or not is up to FPA to decide.
So, let's evaluate your credibility here. You appear from nothing 3 days ago, you subscribe to this forum specifically to participate in the specific discussions in which some traders have been canceled profits of months by defending the brokers. Just the typical average user behavior of this forum huh? Ahahah, come on! Nobody believes in your selfless defense of ActiveTrades. Indeed, if I were in ActiveTrades, I would ask myself if my employees really do well the task entrusted to them. Instead, I would ask the FPA admin to check the IPs of these champions of broker defense.