All my money is gone. How can this not be a scam?

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All my money is gone. How can this not be a scam?

There are several possibilities.

If you get overconfident and trade positions that are too large for your account balance, a small price movement against you can wipe you out no matter how good the broker is.

If you hedge to prevent a loss, you will usually have to pay swap. Over time, your available balance will drop. Also, spread widening may eat your available balance.

If your account manager wipes out your account, it may have been a deliberate scam, or it could have been due to incompetence.

If you're sure it's a scam or think it might be a scam, Go Here and open a Problem thread.


Related Questions

Been scammed? CLICK HERE to find out the the first steps to take.

Other Problem Thread and Scam Questions? CLICK HERE
 
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