Banned by a Broker?

[alistera]

It happens and doesn't matter if regulated or not, it's purely based on what they can get away with, usually causing major issues in redeeming capital, there are workarounds but they take time, basically very few here make any profits so it's all based on their theory of how the financial markets work, under the surface the story is different but you will never get to hear it

 

[murray t turtle]

Okay, be honest and tell me if this actually happens. Has anyone ever heard of a broker banning you like a casino when you started winning too much, either regulated or unregulated? I've seen one guy on Reddit that said Oanda froze him and he had to go the legal route to get his 60k from them. Share your stories!

%%
YES even with wrong wins with cash management ;
if you were ever @ Fidelity year$ ago, + you get an anti, free ''freeloadier or freerider '' letter
T + 2 days; stop it LOL
But it's NOT ''really like a casiNO''
Old Fed rule. Prices + Fed subject to change.

 

[TrailerParkTed]

Okay, be honest and tell me if this actually happens. Has anyone ever heard of a broker banning you like a casino when you started winning too much, either regulated or unregulated? I've seen one guy on Reddit that said Oanda froze him and he had to go the legal route to get his 60k from them. Share your stories!

Him again?

 

[trend2009]

One thing for sure, if you lose money, no one bans you. IB closed my account after I made good money continuously for 3 years without losing months.

 

[FTDK]

One thing for sure, if you lose money, no one bans you. IB closed my account after I made good money continuously for 3 years without losing months.

Why?

 

[SunTrader]

One thing for sure, if you lose money, no one bans you. IB closed my account after I made good money continuously for 3 years without losing months.

One thing for sure .... they did no such thing. Or should I say, you did no such thing.

 

[MoreLeverage]

I’ve had three different brokers tell me that I had to stop certain types of profitable trading or they would ban me and close my account. I stopped, but have no doubt they would follow through as a “business decision”.

Apparently market makers who are lazy (I’m looking at you KCG) and pay big kickbacks to brokers as “payments for order flow” use that leverage to make the brokers shut down any individual trader they happen to notice consistently beating them in “their” market.

 

[TheMordy]

@trend2009 @MoreLeverage

Could you please specify the type of trading the broker suspended ?

I assume regular successful trading doesn't get banned, more likely arbitrage or disrupting the order book....

Just want to know of what to be careful....

 

[trader_phil]

if im not mistaken, most arbitrage trading is disallowed, even at hfm there were instances of arbitrage traders banned. many southeast asian traders do this

 

[TrAndy2022]

"MetaQuotes has a limit of 2000 "server messages" per day on the trade server (that's EA trade requests). If you cross that limit your account will be flagged as "hyperactive" (MetaQuotes terminology). It depends on your broker what will happen next. Usually your broker will give you some margin of error, and after he will either send ERR_TOO_MANY_REQUESTS or he will disable automated trading all together in your account."