LMAX is not "exchange" as they said,
I have withdraw all my money back today.
Two Days ago LMAX suddenly change their margin requirement for USD/RUB to 100% for within 1 hours it closed my USD/RUB short position. Before that my maintain margin is sufficient.
They "robbed" me $3,688 in this way.
The said this is reasonable because in User Agreement 10.5.4 they can change the margin requirement without notify customers.
Margin Requirement of 100% ? Do you believe it? This is almost a policy that they can close any customer's position if they want.
They say they are "Exchange". A joke?
To me they have no credit at all.
I have withdraw all my money back today.
Two Days ago LMAX suddenly change their margin requirement for USD/RUB to 100% for within 1 hours it closed my USD/RUB short position. Before that my maintain margin is sufficient.
They "robbed" me $3,688 in this way.
The said this is reasonable because in User Agreement 10.5.4 they can change the margin requirement without notify customers.
Margin Requirement of 100% ? Do you believe it? This is almost a policy that they can close any customer's position if they want.
They say they are "Exchange". A joke?
To me they have no credit at all.