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1.) I saw in one of the terms and conditions that I 'could lose more money than I have deposited'. What does this mean? I thought VantageFX provide Negative Balance Protection.
2.) As you have Negative Balance Protection, if my account was ever to go to a - (minus) due to a market crash would I owe you lot money? Would legal action be taken against me? Or is it all forgiven?
3.) Next question, If I have another real VantageFX account (so 2 live accounts) and my first account was used to trade and I end up in a negative balance, would you lot deduct the negative balance from my second live account?
4.) Is it free to transfer funds to other live accounts in VantageFX?
5.) Can I treat my second live account as a savings account? So every now and then transfer money into it from my first live account. Reason being a market crash could wipe my balance so I would rather have money saved in second account.
6.) Will I get charged if I don't trade with my second live account but I keep transferring money in every couple weeks from my first live account?
7.) In my second account will my money be safe, and no deductions occurred even if I end up in a negative balance in my fist live account?
I REALLY LOOK FORWARD TO HAVING ALL THE ANSWERS TO MY QUESTIONS. :) THANK YOU!
Kind Regards,
Ali :)
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