Raiwo Mikkov
All money lostq
Hi!
I'm very diappointed because I lost my account and all invested money (1000€) within one day.
I worked with the broker Michel Richie. He helped me to open positions and at the beginning we made profit and even doubled the money in one month. But then He said we go to another level of trading (indexes) and opened for me Nasdac positions with very big risk against general trend. I asked him - are you sure what you are doing. He replied YES 100%. As the result I lost all what I had.
Afterwards I asked him why you did this, without any risk management. He just laught on me and suggested to me to start again.
My question now - do the company have any responsibility if his broker makes big mistakes and the client lose the account?
We are sorry to read of your experience and disappointment.
We must, however, kindly remind you that all traders are fully responsible for making all decisions in regard to their account, and for assessing the merits and risk of the account itself. Third parties are a separate entity and independent from AvaTrade. We do not endorse, or vouch for, any services provided by a third party, and are not responsible for any losses resulting from your use of any information or advice given by any third party.
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Warm regards,
The AvaTrade Team