I opened an MT5 account (1131884) with XS on Dec6, 2024 depositing $38,000. After Donald Trump’s election on December 5, I anticipated a rise in U.S. equity markets and gold prices, resulting in profits of USD 127,888.
On January 23, 2025, XS terminated my account, citing "abuse of trading conditions" and a "swap arbitrage strategy." My subsequent withdrawal requests from January 22-24 were declined. Despite my complaint, XS sent a final email on February 10, 2025, reversing my profits and permitting only an $18,000 withdrawal from my original deposit.
I firmly contest their claim:
1. My account had no future contracts; thus, no swap arbitrage was possible.
2. My profits stemmed from investment strategies, not from any form of abuse.
3. If I had suffered losses, would XS refund them citing the same reason? Their issues arise from profitable traders and their B-booking model.
4. I have accounts with other brokers where I've pursued similar investments without issue.
Stay away from XS
I opened an MT5 account (1131884) with XS on Dec6, 2024 depositing $38,000. After Donald Trump’s election on December 5, I anticipated a rise in U.S. equity markets and gold prices, resulting in profits of USD 127,888. On January 23, 2025, XS terminated my account, citing "abuse of trading conditions" and a "swap arbitrage strategy." My subsequent withdrawal requests from January 22-24 were declined. Despite my complaint, XS sent a final email on February 10, 2025, reversing my profits and permitting only an $18,000 withdrawal from my original deposit. I firmly contest their claim: 1. My account had no future contracts; thus, no swap arbitrage was possible. 2. My profits stemmed from investment strategies, not from any form of abuse. 3. If I had suffered losses, would XS refund them citing the same reason? Their issues arise from profitable traders and their B-booking model. 4. I have accounts with other brokers where I've pursued similar investments without issue. Stay away from XS
翻譯成繁體中文回復
我要評論
本週最多評論
Finovative AI
UITFX
SuperFin
RoboForex
Dupoin
GOC Prime
XM
Rich Gold
BCR
Axi