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Lost of USD1,079,939.88 from a deposit of USD3,000???

Discussion in 'General Forex Talk' started by RahmanSL, Oct 14, 2010.

  1. RahmanSL

    RahmanSL Major

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    Recently I had quite a shock when I checked one of my many Demo accounts to discover that I had "suffered" a loss of USD1,079,939.88 from a "deposit" of USD3,000 account.

    How is that possible, when we cannot lost more than what we deposit; correct???
     
  2. yappyzk

    yappyzk Private, 1st Class

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    check with your broker, nobody else can answer that.

    also demo error maybe?
     
  3. siriyke

    siriyke Banned

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    Check your brokers record on forum if they are among the scammers because demo prices flows same with real prices with the good brokers and it is strange to have such a record with a good broker.
     
  4. Pharaoh

    Pharaoh Colonel

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    Some brokers don't bother to program demo servers to pay attention to current account balances, available margin, etc. After all, maybe that over-leveraged trader will get lucky and make a virtual fortune and open a real money account when he should have gotten a margin call instead.

    BTW - Whatever strategy you were using, reverse it. :p
     
  5. RahmanSL

    RahmanSL Major

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    The broker is...well...ok broker.

    I have attached a scanned copy of trading account (minus broker's name and account number to protect "reputation" of broker) for your...ehhh...review (more like amusement!).
     
    #5 RahmanSL, Oct 16, 2010
    Last edited: Nov 3, 2011
  6. fxfrench

    fxfrench FXOpen AU Representative

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    That us somewhat extreme as well as amusing :)

    My guess is that they have a problem in their demo server that has not been fixed.
     

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