A retail forex trader has complained of mounting pressure from a broker trading on the platform InvestX24. The investor, who started trading on the platform about a month ago, had initially deposited $1,000 to trade in currencies and had no significant problems with transactions or withdrawals during the period.
Yet concerns were raised when the broker appointed started pressuring the trader to invest another $6,000 in order to be able to trade gold. The broker was insistent that the investment needed to be made immediately, saying it was needed to make the trade — a move that has left the trader uncomfortable.
“I haven’t seen anything suspicious with my trading yet,” the investor clarified, “but the pressure to deposit a significantly greater amount at one time doesn’t sit right.”
Such high-pressure tactics can be a warning sign in the world of financial trading, especially from platforms that might not be well regulated. While InvestX24 has not yet been officially tagged as being up to no good, experts warn to be cautious when brokers become high-pressure or ask for huge deposits with little notice.
Investors should ensure that any trading platform is genuine and under the regulatory authority before investing substantial amounts of money. Such incidents should be reported and referred to respective financial authorities.
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