Heydave55
Recruit
- Messages
- 5
I am really disillusioned at present.
I recently opened an account with "Vantage FX" Sydney Australia. ? I checked and was assured I had an STP account.
Then out of the blue with no prior warning. I had my account stopped out and I lost 31K NZD$
Status of AC No.26789:
Equity: NZD -2109.27
Margin Requirement: NZD 907.34
Margin Level: -232.47%
Margin Shortage: NZD 3016.61
The thing is in the past, they would send me emails and alerts to let me know I had a margin call, I then would go ahead and top of my account.
This time is they gave me no notice ( I KNOW NOW, "or as they say" , under their terms they are not obliged too give me a margin call) but in saying that they did so in all past cases.
But not this time they just stopped out my account. What really gets is I was in Gold and EURUSD and the corrections the next day would have seem me fly into positive positions and I could be up 10 K not down 31 K.
Their only response was that they were not obligated to contact me. I know now, it is clear, I did not have STP and they played me. They strung me out and lead me to believe that it was not a problem. I was under the illusion that as they had in all other times, they would contact me and tell me, I had a margin call. But this time out of the blue just before Gold and the USD turned around. Without warning they stopped out my account. A very hard lesson learned. A lesson here for newbies like myself, some brokers Like Advantage FX just can not be trusted..
Dave
I recently opened an account with "Vantage FX" Sydney Australia. ? I checked and was assured I had an STP account.
Then out of the blue with no prior warning. I had my account stopped out and I lost 31K NZD$
Status of AC No.26789:
Equity: NZD -2109.27
Margin Requirement: NZD 907.34
Margin Level: -232.47%
Margin Shortage: NZD 3016.61
The thing is in the past, they would send me emails and alerts to let me know I had a margin call, I then would go ahead and top of my account.
This time is they gave me no notice ( I KNOW NOW, "or as they say" , under their terms they are not obliged too give me a margin call) but in saying that they did so in all past cases.
But not this time they just stopped out my account. What really gets is I was in Gold and EURUSD and the corrections the next day would have seem me fly into positive positions and I could be up 10 K not down 31 K.
Their only response was that they were not obligated to contact me. I know now, it is clear, I did not have STP and they played me. They strung me out and lead me to believe that it was not a problem. I was under the illusion that as they had in all other times, they would contact me and tell me, I had a margin call. But this time out of the blue just before Gold and the USD turned around. Without warning they stopped out my account. A very hard lesson learned. A lesson here for newbies like myself, some brokers Like Advantage FX just can not be trusted..
Dave