Mr Dassen
Recruit
- Messages
- 2
I am just opening this thread because I am very scared of losing my money.
I made a bank wire of 100.000 Euro to CMS Trader.
I took a loan for this, since I do not have this. But Steven Black or Steven Baxter (at 12trader) told me we need a minimum to trade stock and get me going to a good level. I should withdraw next month and we could continue with the profits.
However Steve has made a mistake on a big Forex postion and now the equity is have.
I do not have a backup for this money and last week I lost my job. I need this money for a down payment on the house. The loss is pretty bad, but losing all would kill me.
I want to close all positions and close the account, but they blocked my account from trading.
Steve approved the withdrawal and says we can do this with the position fully hedged.
There is 64000 Dollar of equity on the account, and I am not trading and asked Steve not to trade anymore.
He says he is taking damage for this because he wants to continue to make up the losses, but I cannot afford to not have this money back this month.
I really liked Steve in the beginning helping me make the account bigger. But this mistake I cannot take, so I need to get out now with a loss, not making it bigger.
Can somebody tell me if this is normal to have trouble closing an account and asking for a withdrawal?
Is there something I can do to make sure?
I made a bank wire of 100.000 Euro to CMS Trader.
I took a loan for this, since I do not have this. But Steven Black or Steven Baxter (at 12trader) told me we need a minimum to trade stock and get me going to a good level. I should withdraw next month and we could continue with the profits.
However Steve has made a mistake on a big Forex postion and now the equity is have.
I do not have a backup for this money and last week I lost my job. I need this money for a down payment on the house. The loss is pretty bad, but losing all would kill me.
I want to close all positions and close the account, but they blocked my account from trading.
Steve approved the withdrawal and says we can do this with the position fully hedged.
There is 64000 Dollar of equity on the account, and I am not trading and asked Steve not to trade anymore.
He says he is taking damage for this because he wants to continue to make up the losses, but I cannot afford to not have this money back this month.
I really liked Steve in the beginning helping me make the account bigger. But this mistake I cannot take, so I need to get out now with a loss, not making it bigger.
Can somebody tell me if this is normal to have trouble closing an account and asking for a withdrawal?
Is there something I can do to make sure?