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Think You Are Safe With A Regulated Broker?

Adrian

Member
Yes, well think again. I had an account with FXCC and all went very well, maybe too well. Then I get a pop up message that my account would be moved to their St Vincent & Grenadines entity. I must have been naive to think that this could be a benefit to my trading because no sooner than I was moved over, and without me noticing immediately, my account went into constant decline depleting not only all my profits but it started eating away at my deposit also.
There are many sharks out there that are not satisfied with a spread of profits.
 
I feel you—been there when my account was switched mid‑stream and it tanked. Even with regulation, always monitor entity changes and withdraw profits regularly.
 

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