Is it reasonable for brokers to cancel profits without a clear explanation?

[bambangsugiarto]

I have read several cases where brokers have removed traders' profits on the grounds of “rule violations” without concrete evidence. In your opinion, how should traders respond to this?

 

[caribbean]

In my opinion, it is absolutely not reasonable for a broker to do this. If a trader wins money fairly, the broker must pay the profit. Canceling profits without proof is a very big red flag for any company. We work hard to make money, so we deserve a clear explanation. I think traders should avoid brokers with a bad reputation like this. Trust is the most important thing in this business.

 

[Cleyra]

not normal, you must contact their support and ask to send your complaint to their managers and ask for explanation, because if what Your profits become not rights for your account ?
anyway can we share this problem you're dealing is with which fx broker ?

 

[sakaida1125]

cancelling profits with zero proof is basically a toxic bug in the system. absolute bs for us players actually risking real money in the market. if i got hit with this crap, id zip up every single trading log and backend screenshot. tell em straight if they dont cough up the funds, ur dumping all the receipts on fpa and flagging it straight to the fca or asic. these npc brokers running their scam scripts r terrified of anything messing with their cash flow. applying max pressure is literally the only patch to beat em.

 

[AYAKA]

stripping profits with zero proof is such an absolute clown show and totally disrespects all the graft players put in. if u ever get hit with that bs, u better pull every single trade log and backend screenshot instantly and go to war over it.