Hello complete beginner

disappointed#

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hi all. . I'm new to trading. . I'm from south africa.
after doing some looking around I found this site.
Honestly I'm so scared to trade now.
the scams section has really opened up my eyes.
I unfortunately did open an account with a certain company but I haven't deposited any money yet. . I have requested that they close my account but they seem to be dragging there feet. I'm worried that they stalling so they can charge me an inactive account fee. I hope someone can help. . sorry for the long post.
 

SOLID ECN LLC

Solid ECN Representative
Messages
61
hi all. . I'm new to trading. . I'm from south africa.
after doing some looking around I found this site.
Honestly I'm so scared to trade now.
the scams section has really opened up my eyes.
I unfortunately did open an account with a certain company but I haven't deposited any money yet. . I have requested that they close my account but they seem to be dragging there feet. I'm worried that they stalling so they can charge me an inactive account fee. I hope someone can help. . sorry for the long post.

Hi,

Welcome to the world of trading. It is a winding road, and we all had our share of vertigo, and it wasn't less than yours.

CFD Brokers can't charge you for an inactive account, so you shouldn't worry about that.
 

disappointed#

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Hi,

Welcome to the world of trading. It is a winding road, and we all had our share of vertigo, and it wasn't less than yours.

CFD Brokers can't charge you for an inactive account, so you shouldn't worry about that.
are you sure?. . this company states it charges $50 for every 3 months of inactivity. this is a real account not a demo. .account is already verified its just that I never do any deposits. they have my I.D number and address. So they could charge me after 3 months. I requested that they close my account after 10 days after opening it. The company does have a bad review on this site
 

SOLID ECN LLC

Solid ECN Representative
Messages
61
are you sure?. . this company states it charges $50 for every 3 months of inactivity. this is a real account not a demo. .account is already verified its just that I never do any deposits. they have my I.D number and address. So they could charge me after 3 months. I requested that they close my account after 10 days after opening it. The company does have a bad review on this site

Hi,

I don't know with which broker you created the account, but they can't impose fee on you unless it was on their online agreement, or you agreed with a subscription fee. The type of service you agreed to use is vague to me.

If you opened a live MetaTrader 4 account, you should know that the number of active accounts is unlimited and an empty account can't burden a broker.
 

disappointed#

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it's not a subscription service. . nor do they charge commissions. . they claim to make money via higher spread . . Admins please advise if I should move this to the correct section.
Screenshot_20211213-095451_Adobe Acrobat.jpg
 

SOLID ECN LLC

Solid ECN Representative
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61
They can't charge you If you don't have any money on your balance, and you didn't expose your credit/debit card information.
 

disappointed#

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thanks for all the help. Yes I haven't given them any of my banking or card details. I was fortunate to find this site. Thanks FPA for the good work. Maybe trading is not for me. . I stress easily. I am still waiting for them to close my account. $50 may not seem alot to most of you all. . but that's 10% of my monthly earnings.
 

SOLID ECN LLC

Solid ECN Representative
Messages
61
thanks for all the help. Yes I haven't given them any of my banking or card details. I was fortunate to find this site. Thanks FPA for the good work. Maybe trading is not for me. . I stress easily. I am still waiting for them to close my account. $50 may not seem alot to most of you all. . but that's 10% of my monthly earnings.

I am happy to hear about not sharing your card information with that broker. Yes, FPA is the best. I suggest studying forex using this website before going live with any broker. People are nice here, and they will help you to get better every day.

Have a pleasant remainder of the day :)
 

sebking1986

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Education and practice helps to reduce stress when going into the markets but at the same time all traders must exercise some self awareness and if you think your ability to handle stress might cause you to come unstack then there is no shame in that. Not everyone has it in them to be a surgeon or a lawyer etc either.
 

disappointed#

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i
Education and practice helps to reduce stress when going into the markets but at the same time all traders must exercise some self awareness and if you think your ability to handle stress might cause you to come unstack then there is no shame in that. Not everyone has it in them to be a surgeon or a lawyer etc either.
I totally understand and agree with you. I wasn't stressed about losing money due to a wrong trade. . but stressed that I would loose money due to a shady company. If I could find a really honest company I would start to trade
 
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