Hi all,
I would like to ask you about your experience about the following issue.
Broker (or owner of the platform I use) decided that, based on some regulation in interbank and EU, they will close every open trade friday evening regardless if the trade is making profit or loss. They will reopen the trade on sunday evening when markets open. They will open trade at the same value as when it was closed but my balance will be charger. The problem is that they will charge my balance with loss or profit from the trade.
In practice this looks like this.
I have account with 5.000 € on balance. I open a trade on monday and it goes negative. On friday evening I have -350€ on the trade and my broker closes the trade and my balance then is 5000 - 350 = 4650 €.
Does any platform anybody else uses do anything like this?
I was lucky not to trade last week but a friend of mine lost 900+€ because of this...
I would like to ask you about your experience about the following issue.
Broker (or owner of the platform I use) decided that, based on some regulation in interbank and EU, they will close every open trade friday evening regardless if the trade is making profit or loss. They will reopen the trade on sunday evening when markets open. They will open trade at the same value as when it was closed but my balance will be charger. The problem is that they will charge my balance with loss or profit from the trade.
In practice this looks like this.
I have account with 5.000 € on balance. I open a trade on monday and it goes negative. On friday evening I have -350€ on the trade and my broker closes the trade and my balance then is 5000 - 350 = 4650 €.
Does any platform anybody else uses do anything like this?
I was lucky not to trade last week but a friend of mine lost 900+€ because of this...