My hotforex account number 269022.
I had 3 open trades before a day of all orders closed for Balance $ -21 084.45
Daily Confirmation: Floating P/L -22901.50, Balance $ 82322.52, Equity: $59421.02, Margin Requirement: $ 44770.25, Available Margin: $14650.77.
My account was subject to 100% credit bonus: Losses of account can not exceed the bonus amount that was $30000(from the Balance $ 82322.52
When Available Margin becomes 0 all trades must be closed because the account can not go into negative available margin.
Available Margin becomes zero when Equity becomes the Margin Requirement $ 44770.25, all trades must be closed at that point.
When this happens Losses of account would had already exceeded Hotforex condition of losses must not exceed the bonus amount $30000,
because Floating P/L 22901.50+14650.77= 37552.27 - 82322.52 = 44770.25
When Equity becomes 44770.25(Margin Requirement) and trades closed. My Balance must be $44770.25, the bonus amount $30000 deducted from the Balance when withdrawal requested, my money $14770.25
Hotforex execution department declined my request of the $14770.25 and said the account can go into negative available margin.
A thing that counts a precedent in the history of trading. Hotforex neglected margin % and everything related to trading.
Hotforex assured me many times at past that I can not loose more than the bonus amount $30000 and its found in its conditions.
I was trading all the time depending on this concept. Hotforex deceived me into believing this to steal my money.
Hotforex terminated both the $30000 that my account must not loose and the available margin that must not become less than 0.
I ask ForexPeaceArmy to please help me get my money back $14770.25 from Hotforex.
I had 3 open trades before a day of all orders closed for Balance $ -21 084.45
Daily Confirmation: Floating P/L -22901.50, Balance $ 82322.52, Equity: $59421.02, Margin Requirement: $ 44770.25, Available Margin: $14650.77.
My account was subject to 100% credit bonus: Losses of account can not exceed the bonus amount that was $30000(from the Balance $ 82322.52
When Available Margin becomes 0 all trades must be closed because the account can not go into negative available margin.
Available Margin becomes zero when Equity becomes the Margin Requirement $ 44770.25, all trades must be closed at that point.
When this happens Losses of account would had already exceeded Hotforex condition of losses must not exceed the bonus amount $30000,
because Floating P/L 22901.50+14650.77= 37552.27 - 82322.52 = 44770.25
When Equity becomes 44770.25(Margin Requirement) and trades closed. My Balance must be $44770.25, the bonus amount $30000 deducted from the Balance when withdrawal requested, my money $14770.25
Hotforex execution department declined my request of the $14770.25 and said the account can go into negative available margin.
A thing that counts a precedent in the history of trading. Hotforex neglected margin % and everything related to trading.
Hotforex assured me many times at past that I can not loose more than the bonus amount $30000 and its found in its conditions.
I was trading all the time depending on this concept. Hotforex deceived me into believing this to steal my money.
Hotforex terminated both the $30000 that my account must not loose and the available margin that must not become less than 0.
I ask ForexPeaceArmy to please help me get my money back $14770.25 from Hotforex.