dg.ott.ca
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Sandra the reality is;
there are real Forex brokers and there are front Forex brokers. The real ones are usually part of large financial institutions like: Ameritrade financial services and they offer few forex pairs to trade, most of them are not offering crypto yet. Then there are the fake ones that are simple websites with a bank accounts and rookie traders send them money. In return for your money you get a "demo account" that they refer as "the real thing" and make you believe that you are trading Forex with actual currency. Because 90% of new traders lose they have no need to make real currency trades on your behalf.. you play in a sand box and then they take your USD lol.
Now, some of these front brokers are so fed up with the whole process of "meet and greet" for new traders and going through registration and then answering questions and all that good stuff, that they simply take your money and hope you give up asking for it. Hence why they make you agree with their terms and conditions that you are ready to loose all of your investment.
There is no law that can compel them to give you any of it back. It is that simple.
..So what do you do now?
Well, lets look back at why you sent them the money in the first place. I think it is because you wanted the money risk experience, this is the only way to learn trades and become successful. You need to feel the stress of trading. And you can still get most of that experience by trading with the account information you received.
If you did not figure this out before sending your money then you probably are part of this 90% loosing category anyways and you can't really blame the broker for taking your cash because that's what they do. Sharks!
Good Luck!
there are real Forex brokers and there are front Forex brokers. The real ones are usually part of large financial institutions like: Ameritrade financial services and they offer few forex pairs to trade, most of them are not offering crypto yet. Then there are the fake ones that are simple websites with a bank accounts and rookie traders send them money. In return for your money you get a "demo account" that they refer as "the real thing" and make you believe that you are trading Forex with actual currency. Because 90% of new traders lose they have no need to make real currency trades on your behalf.. you play in a sand box and then they take your USD lol.
Now, some of these front brokers are so fed up with the whole process of "meet and greet" for new traders and going through registration and then answering questions and all that good stuff, that they simply take your money and hope you give up asking for it. Hence why they make you agree with their terms and conditions that you are ready to loose all of your investment.
There is no law that can compel them to give you any of it back. It is that simple.
..So what do you do now?
Well, lets look back at why you sent them the money in the first place. I think it is because you wanted the money risk experience, this is the only way to learn trades and become successful. You need to feel the stress of trading. And you can still get most of that experience by trading with the account information you received.
If you did not figure this out before sending your money then you probably are part of this 90% loosing category anyways and you can't really blame the broker for taking your cash because that's what they do. Sharks!
Good Luck!
