Be warned

One of my MT4 accounts has just wiped all of my open positions in every currency I was in.

The account was a leveraged account and was in the red on swiss trades. It looks like they could be putting a block on any accounts that are currently in the negative. I won’t name them just yet in case it’s just a blip on the terminal.

It’s one of the reasons I use high leverage accounts as it means I only need to keep the bare minimum of cash in them and the rest sits nice and safely in my bank account. It also gives me some leverage if they pull any funny tricks.

Again, keep a close eye on your accounts and if need be sit this all out until things settle down.