Thursday, November 4, 2010

Forex Statements from your Broker - Warning!

This is a heads up message to all traders.

The brokers are required to send daily statements out to traders. It is easy to assume all is OK and not verify balances (or review the statements) but recently a big broker (FXDD) had some 'problems with statements' and they came out with incorrect balances..of course less than what the MT4 platform showed.

Bottom line..please be sure to look at those statements if you can twice a week to verify the balance matches your MT4 platform balance. There should not be a difference. If so, contact your broker immediately and demand they correct it.

To your success!

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