RahmanSL
Major
- Messages
- 2,925
Changing a client's trade Leverage "with immediate effect" is and should be illegal. BUT, I have a sneaky suspicion that this "fact" is contained somewhere in their small printed "Terms & Conditions" stating that they have the right to do that at any one time and without prior notice either.
This is tantamount to making sure that when traders are in too much profits and have one too many opened losing positions, it's a sure thing to effect a possible margin call which will not only wiped out the profits but maybe even the account too. Nice set-up!
This is tantamount to making sure that when traders are in too much profits and have one too many opened losing positions, it's a sure thing to effect a possible margin call which will not only wiped out the profits but maybe even the account too. Nice set-up!