AAA698672F
wrote:
I just dont understand how people carry on using him as SP his winners are 10-15 or max 40 pips but the losers are near 700 pips i lost more than 6.000$ with you and will never forgive you.
I do understand when people should follow. And they are not a bad provider overall so far. Just a pretty rough one ...
Some would follow, either since they are not being careful enough as I was ... :(
Or if they are well calculated and cautious, then there are huge DDs, right, it's obvious from the graphs and stats. There are high profits too. If one can afford it then why not. Right now I disabled them as it's too risky with my current funding. With 20K max DD, and some common recommendation is to use about 1/3 of your funds, so for 1 micro 20kDD is $2000 loss which needs to be 1/3 of your account, now for benefit of the doubt let's make it 1/5, so you should have $10,000 dedicated for them to be comfortable with 1 micro lot. Also I learned, that you should always take the worst case that all or most providers will get huge DDs in the same time very seriously. Since end of April many SPs had rough times on different currencies, and different weeks. Apparently in extreme market conditions can shake your account even if you are multiple SPs / currencies.