Maybe someone can help me out here...
I am with Oanda Europe, and this week I sent 1000 bucks to my account to fund it again, after the account has been dormant for quite a while. Now along with a notice that my funds have arrived, I got another email where oanda asks me for my net work / employment update. They state that I transfered more to them in total then my total net worth is - just to be clear, this is no more then 3-4k, and I am pretty sure that I didn't say that my total networth is below that... Maybe it's because I moved from OANDA USA to OANDA Europe...
Anyways. Times for me have changed since then, I am self employed, but I am not working much since I have to take care of my grandma. So here I am, with a small yearly income. I have almost no living costs though so thats ok for me and I have some savings that I wanted to use for trading... but I don't think a bank would have the same point of view and just say "not enough income".
Now what I am wondering about is what happens if I tell the truth - they say they might want proof of my net worth bla bla bla bla...? Will they close my account and say it's to high risk for me? Or not allow me to fund my account more? I am really pissed since I managed to get some savings and wanted to trade again, and now this shit happens. Its supposed to be some FSA rule...
What should I do?
I am with Oanda Europe, and this week I sent 1000 bucks to my account to fund it again, after the account has been dormant for quite a while. Now along with a notice that my funds have arrived, I got another email where oanda asks me for my net work / employment update. They state that I transfered more to them in total then my total net worth is - just to be clear, this is no more then 3-4k, and I am pretty sure that I didn't say that my total networth is below that... Maybe it's because I moved from OANDA USA to OANDA Europe...
Anyways. Times for me have changed since then, I am self employed, but I am not working much since I have to take care of my grandma. So here I am, with a small yearly income. I have almost no living costs though so thats ok for me and I have some savings that I wanted to use for trading... but I don't think a bank would have the same point of view and just say "not enough income".
Now what I am wondering about is what happens if I tell the truth - they say they might want proof of my net worth bla bla bla bla...? Will they close my account and say it's to high risk for me? Or not allow me to fund my account more? I am really pissed since I managed to get some savings and wanted to trade again, and now this shit happens. Its supposed to be some FSA rule...
What should I do?