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Author Topic: Demo account disappeared  (Read 5120 times)

Offline "Ancient Mariner"

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Demo account disappeared
« on: May 01, 2009, 04:34:03 PM »
I had three demo accounts with Gallant to test strategy. Was in the process of filling out applications forms for a live account. Last night all three accounts were reduced balances to zero but trading continued. Got a call into them now. I would be really ticked off if this happened to a live account. Anybody else with this experience?
Bill
"Ancient Mariner"

Offline admin

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Re: Demo account disappeared
« Reply #1 on: May 01, 2009, 05:18:06 PM »
No that really would not happen to a live account, at least i've never encountered such a thing! Brokers usually are the opposite, they will not let an account get to zero, you shouldn't be able to place any more trades. Theoretically it is possible to run your account into negative figures but such a thing would be very rare and the broker should not accept new trades if this happens, and close any open positions immediately.
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Offline quintologer

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Re: Demo account disappeared
« Reply #2 on: May 01, 2009, 05:24:07 PM »
Yes, I've also noticed that some brokers reset demo accounts
to zero at the beginning of each month. Nothing to worry about,
they're just saving server space I suppose!

 

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