Community report

CT-Trade kept pushing leverage on me and then froze my account

Filed 3 hours ago
Category Forex
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I want to be fair — I was making small gains for about 6 weeks. Their platform worked, trades executed, I wasn't unhappy. The problem is what their "senior broker" was doing behind the scenes.

Every time I called in he'd suggest I increase my leverage or open positions I hadn't planned. I went along with it more than I should have. When a few trades went badly he told me I needed to deposit more to "protect my positions from liquidation". I put in another £1,200 on top of my original £800.

Then the account got frozen — they said it was for a "routine compliance audit". That was 5 weeks ago. Every email gets a generic auto-response. I found one other person on a forum who described an almost identical experience with CT-Trade, same story about the compliance audit.

I don't know if this is recoverable. I've written to the FCA. Whatever you do, don't let them push you into larger positions than you planned.

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