Transfer money between brokers by trading?

K

Kardi

I'm yet to figure out this myself.

Situtation is this, that I've been trading arbitrage with a broker. Broker knows and allows it. However only allows to withdraw 100% profit on a 5 month cycle. I made much more than that, so cannot withdraw that anytime soon.

So question is, if knowledgeable people in here, can figure out some sort of trading strategy to "transfer" the money to another broker. Maybe some sort of hedging between them, with the goal of winning on target account?
 
Kardi said:
I'm yet to figure out this myself.

Situtation is this, that I've been trading arbitrage with a broker. Broker knows and allows it. However only allows to withdraw 100% profit on a 5 month cycle. I made much more than that, so cannot withdraw that anytime soon.

So question is, if knowledgeable people in here, can figure out some sort of trading strategy to "transfer" the money to another broker. Maybe some sort of hedging between them, with the goal of winning on target account?
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Is that a regulatory rule in the country where you trade, that you can't take out your money when you want from a customer account, or is this a prop firm?
 
This broker allows arbitrage trading, with agreement to their LP's. And You are placed on a special account with multiple LP's. However this agreement limits profits to 100% every 5 months, even if I can make much more. I'm free to withdraw my deposit at this time, but just not the profits until after 5 months.

I agree, that it sounds a bit scetchy, but was recommended to this broker for arbitrage.
 
Metamega said:
Sounds like some offshore forex brokerage racket Robert.
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It's strange that this forex broker would allow arbitrage. Normally they don't. And from what the OP is describing, it looks like some kind of latency arbitrage which usually results in complete forfeiture of all profits made.
 
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