It's my first post on here so I hope I've selected the correct forum area.
I've had a trading account with Libra Markets for over six months now. I have an account manager who does all the trading for me and phones me weekly to discuss my account and answer any questions I may have. The majority of trading is predominantly done by robot with a couple of days a week done by my account manager. I'm very pleased with the performance of my account - which has almost doubled in value since opening it.
This week, my account manager contacted me explaining that due to the volatility of the trading market there was a high risk of me losing my investment. He was proposing that I should pay €6,000.00 for insurance cover which in the event of me losing money, it would pay out 100% of the loss. Also, it would add €4,000.00 into my account for trading. I have no way of verifying with anyone else if all this is true or am I being coerced into something I do not really need?
I've been unable to find any further information on this sort of thing. Is this something anyone else has heard of being offered to Cryptocurrency trading market account holders? On one hand I feel I maybe being set up but conversely I do not want to lose my significant amount of investment.
I've had a trading account with Libra Markets for over six months now. I have an account manager who does all the trading for me and phones me weekly to discuss my account and answer any questions I may have. The majority of trading is predominantly done by robot with a couple of days a week done by my account manager. I'm very pleased with the performance of my account - which has almost doubled in value since opening it.
This week, my account manager contacted me explaining that due to the volatility of the trading market there was a high risk of me losing my investment. He was proposing that I should pay €6,000.00 for insurance cover which in the event of me losing money, it would pay out 100% of the loss. Also, it would add €4,000.00 into my account for trading. I have no way of verifying with anyone else if all this is true or am I being coerced into something I do not really need?
I've been unable to find any further information on this sort of thing. Is this something anyone else has heard of being offered to Cryptocurrency trading market account holders? On one hand I feel I maybe being set up but conversely I do not want to lose my significant amount of investment.