If you cant withdraw profits, how do you set up another broker account and make two opposite orders to transfer profit to other account through a trade?
j539n888: If a broker does not allow you to withdraw your profits, is it possible to set up another broker account and make a trade that essentially takes profit from first account to second? I read that someone put "When you gain profits on an account you can open two opposite orders(same volume) manually: 1st position on account with profits and the 2nd position on special ECN account(withdrawal account)." Can someone explain in detail how you are to do this?
That is just a nonsense myth (probably coming from "Arbitrage" ideas). If that were the case then anyone could make profit when ever they so wished. All they had to do was just run the "profit" side of such as scheme.
The correct way to resolve your issue with your broker is to report them to the regulator and financial authorities.
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If a broker does not allow you to withdraw your profits, is it possible to set up another broker account and make a trade that essentially takes profit from first account to second? I read that someone put "When you gain profits on an account you can open two opposite orders(same volume) manually: 1st position on account with profits and the 2nd position on special ECN account(withdrawal account)."
Can someone explain in detail how you are to do this?