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Re: [ANN]🔥[100X LEVERAGE TRADING]🔥 PrimeXBT- Maximize your Bitcoin profits!🔥🔥🔥
by
cryptopete
on 07/05/2019, 13:41:24 UTC
No negative Balance protection, beware!!

So I decided to deposit a small amount to PrimeXBT to test it out.  It was only .01375BTC (less than $100) and decided to go all in long at an average BTC price of $5,830.  I figured I would just go to bed as I was pretty sure I was going to be liquidated overnight if the balance got too low.  I forgot about it until the following afternoon and received no e-mail notification to inform me I was liquidated, even though BTC was down to $5,675.

I log in and find out my available margin is negative 475% and they did not liquidate my position or give me a warning about my margin!!  After quickly closing positions my balance was negative .06BTC.  Now that is not a huge amount of money, however, it's quite concerning that if I had done a much larger trade that my balance could be potentially be in the negative in many multiples of what I put in to trade.  Had I not logged in and BTC continued to drop who knows how much I would have owed.  As far as I know, all of the other leveraged trading sites have negative balance protection.  Thoughts on this?