What to do if a broker has stopped you out incorrectly? 🤔
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- Опубликовано: 1 окт 2024
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What to do if a broker has stopped you out incorrectly? www.financial-s... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Is it possible that brokers touch stop losses deliberately? Say you're trading spot forex, or CFDs or even spreadbetting (other than trading on an exchange). Say you leave a trade overnight and the market comes up and stops you out. But then you notice that the market hasn't really traded there... What can you do? If you genuinely think you have been stopped on an erroneous price the first thing to do is to call them up and ask to speak to a dealer. You don't accuse them that they've stopped you out erroneously; you just ask them to check to make sure it was executed correctly (be polite and friendly). And most of the times they will do it; these brokers want to retain you as a client. Execution policies do differ from one broker to another. If, however you are trading with an unregulated broker, and you know something is seriously wrong just close the account and move to a regulated provider. You can't keep worrying about your broker screwing you all the time; getting the market direction right is hard enough. OK.
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Interesting topic. Happened to me, I called, and my trade was reinstated. Also, the broker (Schwab) gave me some good tips: they said the price does not show up if less than 100 shares are traded (interesting, why?), and that a safer way would be to set up a conditional trade as a stop.
I’m so tired of dealing with broker customer service to the point where I just don’t bother becuase I know they won’t help
I've found that crying helps also.
exness literally just stopped me out and this is the second time .
Get your money and run!
Get angry, call them and yell in their face!!!
Xm refuse to pay me 😢what must i do 😭
What reason have they given you for not paying? What is the amount if I may ask?
The brokerage company must be contacted by telephone and without hesitation if there is any doubt about any deal
This is very helpful
Thought that's how they make money
The real brokers only make money on commissions…your losses always goes to another trader