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Bal FX Deliberately Wiped Out My $65,000 Account

August 11, 2024 1:42 PM31

I had a $65,000 account with Bal FX, and they knowingly let it crash. I was mostly making my own trades, and even when I made mistakes, they never warned me. When trades went badly, they would step in and say, "Deposit more money or hedge your position." I kept depositing funds, hoping for guidance. I even asked them to guide me, but they just kept pushing me to invest more.

Then, an advisor named M*** got involved. Even though I was already struggling, he advised me to open large buy positions in Nasdaq, DAX, and USD/JPY. I followed his advice, but only half as much as he suggested. That night, the market opened lower. When I asked what would happen, he said it would recover, but the market kept dropping. My account balance plummeted from $65,000 to $2,000. Again, I was told to deposit more or hedge, but I had no more funds to invest. I tried hedging, but with no remaining assets, the account was completely wiped out. They knowingly let this happen, and I lost everything.

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