They replied from X90, trying to give a more... specified excuse for my case, so they made a new claim saying that there was abuse of the negative balance protection whichu they provide (their platform is like the XTRADE or Plus500 platforms which never let you go under zero - usual with the most market makers brokers).
They claimed this because many of m trades had been done with high margin before the market closes (for example for European indices).
And I had the following questions ( which of course I made to them also ) :
1) When a company like X90 (or iforex or Plus500 etc providing negative balance protection) are advertising their platforms,
they basically use the classic forex company advertisement ''trick'' : ''be a client of us, invest just 100 euros to dax (for example) and with a 2% up movement you will make 600 euros profit. With a 2% movement down you are going to lose only those 100 euros!!! ''
But when a client manages to find a way to catch those movements, for example opening a position before a market close, profiting from a gap at the open, they decide that they should not pay him because of abuse!
(But they don't abuse the lack of experience of thousands clients who believe that a market can ever go ONLY up2% one-way, while it's open , and that holding a 100 euros position with 100 euros margin -leveraged by 200 or 300- is in reality impossible!)
Even if the client manages to catch movements like these, without the market pauses, playing with the market opened for example just before the news releases, many brokers like the mentioned above, again find ways to loot the money of their clients: (a) if the market during the release move against the client’s high margin position, the broker many times doesn't ''manage" to close the client's position at the stop out level, not only leaving him no money at ALL but many times letting him go negative (so in the best scenario again he can be afterwards accused of negative balance abuse or in the worst scenario asking him to pay the negative balance if they don't offer NBP).
(b)if the market during the release is moving favoring the client’s position, giving him good profit, the broker again finds ridiculous excuses to CANCEL the profits of his trade!! A great example are the ridiculous shady rules of many brokers (examples Plus500 or Markets.com) that a position should be left opened for at least 5 or 10 or 20 minutes depending on how fast the client closed his profitable trade (lol!! but a position being blown out in just some secs is totally accepted!!) or that again the client was a NBP abuser the other times that he made negative balances (because the previous times the BROKER had not been fast enough to close the positions at the stop out level....and who can really persuade us that they don't do that intentionally every time ??
SO...it's the most easy thing for a broker to accuse a client of several abuses, even with really ridiculous excuses, while the REAL abuser many times is the broker himself!
And guess what... the accusations are almost done to the clients who make some profit!! The looser clients, even if they make much more often negative balances to their accounts, they are never considered abusers or rule breakers etc.
2) EVEN if someone accepts that the above ''selective'' accusations of abuses etc, have any reality behind them...
Then a serious and trustworthy broker SHOULD inform the specific client about ALL these, with an email or a telephone call, after for example a negative balance cover which had been considered ''abusive'', either proposing him different trading conditions (for example lower leverage) or - if there isn't any option like this- disabling the trading functions (read only) of the client’s account!
But...
INSTEAD of this, X90, don't inform the client (like in my case), letting him depositing AGAIN and AGAIN (hoping that he will lose!)
And WHEN he makes a new profit and he ASKS for withdrawal, they decide to REJECT his withdrawal and LOOT any balance left into his account, sending those ''explanations'' and suspending completely the account (in order to be impossible for the client to gather elements!).
NO dear Sirs of X90
This is a SCAM
Ps. Of course i invited them here giving the link of the thread and I told them that they will be added in the reviews list so that anyone can share his experience with this company.