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Im so stupid I just created and verified interactive brokers account and then found out that I cannot trade forex neither crypto so now Im looking for a proper broker in eu.😅

Hi folks, Tendie Baron here.

Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"

Here is the proof:
Screenshot of 6/21, shows that a small amount of BBBY buy using market orders failed because of \"Only position closing is allowed\". Note that the timestamps are in local time, the attempted buy orders were done during market hours. In the screenshot I blocked out the account number from my source.

In the past, my source has shared me reliable information before, so I trust my source. But I figured that checking and verifying could never hurt. That's why I reached out to IC Markets myself, using their customer service widget on the website. At first you get a bot, but after 3-4 questions you can actually talk with a real person. Here are the screenshots of my chat with the customer representative:
https://preview.redd.it/ytf3a6l7m1791.png?width=448&format=png&auto=webp&s=b30b1adef9bde0c343017f8dfc39255f936ff541
So the customer representative is actually saying that there was NO PCO on BBBY. Neither this morning or at the moment.

So I reached out back to my source, sharing the screenshots I've shared here. Most important: I blocked out the customer rep's name.
But according to my source, he STILL CAN'T OPEN A POSITION, due to "Only Position Close"
I asked him to reach out to IC Markets himself to inquire on why he was getting this notification.
https://preview.redd.it/n9mewpp9m1791.png?width=557&format=png&auto=webp&s=f6eaaeea5ff943feb4604168eecea455d6a69a86
BBBY IS IN FACT PCO!

Note: When I shared the screenshot with my source, I had already blocked out the name of the customer rep. When I received the screenshots from him, I saw the name. It was the SAME NAME as the customer rep I spoke with. This is why I have no doubts on the validity of the screenshots received.
Another screenshot with a different time (local time, about an hour before EOD), showing that BBBY is in fact STILL PCO'ed!

Speculation part:
CFD brokers are basically betting against their own customers. The fact that they have BBBY on PCO, most likely means that they have high confidence in BBBY running.
Fun fact: They PCO'ed the popular gaming retail chain on 5/19/22, and that stock ran nearly 30% six calendar days later... Probably nothing...

TL;DR:

Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"
Customer representative DENIES that BBBY was or is currently on PCO
The screenshots I received had the same customer rep's name as the customer rep I spoke with
Customer representative says that BBBY is PCO for "risk management decisions"
Screenshot at later time today shows that BBBY is in fact still PCO'ed

Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.

Seems kinda sketchy to me. If not, what other broker would you guys recommend?
BTW I don't live in the US so can't really use nadex

title. switched from crypto to forex because i was told it was more "stable" and less risky

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Tell him you got his email and let him know you need help.

You can recover your investment bitcoin with these tips ……..Have not been a victim of fake hackers, it got so bad I had to open up to my very close male friend who always make use of private investigators back in the day to recover on its partners and other loved ones but due to the kind of recovery job
I wanted it done which was a back hack of my family's confiscated funds by the government, I couldn't just tell anyone what I wanted to do except the hacker himself. when he saw how desperate I am, He then gave me a contact of aylarecoup who always assist him in Recovery my bitcoin investment …….
This man is Chris and his email is not door locked since I met him, I can boast that my life has turned around, I have even met with him on different occasions after buying him a ticket that he turned down initially ……
But now we are close and good business partners as my secrets are well kept with him. I will advise my fellow ones to these fake hackers to please stop communicating and go for the right person.
The advantage of aylarecoup your scammed funds he might have pity and give you a discount , always provide something to make you rest assured he can do your job, and also in most cases if you are close to him he would arrange a meeting. he does any hacking job and Recovery of stolen Bitcoin you want, just name it and inquire from him.
Tell him you got his email and let him know you need help.

how can i find a reliable australian forex broker?

How to check if a forex broker is safe?

FxGecko reminds you that you should "ask, check and confirm" before registering and depositing with a forex/crypto trading platform.
Don't blindly believe their claims that they are legally regulated, that they work with a big company, that they are part of a group, etc.
Taking a few minutes to check the broker's qualification information on FxGecko APP, or posting directly on FxGecko asking about the broker, can help you avoid some potential scams.
When viewing forex trading platform information on the FxGecko APP, you need to focus on 5 pieces of data.
1. Rating: If the broker's rating is low, indicating "high risk", please stay alert.
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3. Company overview: Check whether the company's name and contact information are complete and whether the business status is normal, otherwise please stay alert.
4. Related companies: If the company is associated with companies that have run away, ceased operation, delayed withdrawal, false marketing, abnormal operation, etc., please stay alert.
5. Complaints: If the company has been complained by customers that they cannot withdraw their funds and the complaint has not been answered and resolved, please stay alert.
In short, if a platform looks like a scam or even seems risky, don't even give them your money.
If you want to choose from legitimate brokers, you can refer to the top 50 forex brokers on FxGecko APP.

https://preview.redd.it/762q33b2eov91.png?width=1074&format=png&auto=webp&s=4bc3d0d3c582638881f2e1ad03b5decb97432518
【Tips】: When you can't find the broker you want to check in FxGecko APP, you can provide the name, website and other information of the broker you want to check by submitting a complaint, and FxGecko staff will add a review of the broker based on the information you provide.

If you already trade with a broker, what do you need to do?

1. Save all emails and attachments they send.
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3. Keep a regular history of all your trades; preferably once a week and before each withdrawal request.
4. If it is a multinational company, make sure you know which branch you are sending money to before you do so.
5. If you have a dispute with a broker or have encountered a scam broker and need help from FxGecko, you can file a complaint on the FxGecko APP and share details about what happened. Remember to provide...

A. Their company name/website.
B. Your country/region.
C.Your account number.
D. The amount they owe you.
E. The email response of their refusal of your withdrawal request.
F. What conditions must be met in order to make a withdrawal.

When you submit a complaint, FxGecko's customer service will send your complaint issue to the broker you are complaining about for a solution.
If you have any problems submitting a complaint, you can contact FxGecko's customer service via Telegram. (+852 9562 7576, +86 132 5508 1716)
Generally speaking, legitimate brokers that are still in operation, after receiving the complaint information sent by FxGecko, will generally actively deal with the related complaint issues in order to maintain their clients' reputation and better their business activities.
If a broker that is still in business is slow to address customer complaints, FxGecko will expose their behavior and warn others to stay away from the broker.
If the broker you are complaining about is a scam broker and has run away with the money (the website is not accessible or does not respond to any of your messages), FxGecko recommends that you gather evidence and seek help from the local police as soon as possible. FxGecko will continue to expose these scams and tell you where you can report them.
Warning: When filing a complaint on FxGecko, please do not disclose any of your private information, especially your contact information. Since "recovery scammers" often check the FxGecko community in the hope of finding new victims. They will try to provide you with their contact information or ask for your contact information through comments, private messages, etc., to lure you back into another scam with the promise of getting your money back.
The way to download the FxGecko APP.

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In addition to checking broker information and filing complaints, you can also view real-time market data, information and financial calendars on the FxGecko APP to keep abreast of market developments.
(All functional services provided by FxGecko to its users are free of charge.)

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You can click here to see how a forex scam works and what to do if you are scammed.
FxGecko reminds you that you should always be cautious when you come across investment opportunities that promise high returns with little or no risk. These are likely scams.
Welcome to join FxGeckoAPP community, which is regularly updated with information on the Forex market and trading brokers, as well as issues of investor complaints against brokers. Keeping a regular eye here will help you improve your market acumen and avoid common investment scams.

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BBBY POSITION CLOSE ONLY on Forex/CFD broker IC Markets and LIED about it too

Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"

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how can i find a reliable australian forex broker?

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