Blocking the trader's account.

One of the critical troubles that you can encounter when trading Forex is the blocking of a trader’s account, and this phenomenon is quite common, and you can become a victim of it simply out of ignorance.

As a result, your funds are not only blocked, but you won’t even be able to access your account; all that remains is to pester support with questions about the reason for what happened.

So that you don’t have to deal with such a phenomenon, you need to know why your Forex account can be blocked.

• Using software that disrupts the broker's operations - these are usually advisors that not only trade, but also interfere with the trader's terminal.

• Opening multiple accounts - immediately raises suspicion and leads to account blocking, and it is extremely difficult to prove your case after that.

• Suspicion of fraud - there are several ways to deceive a broker, I will not list them here, but it is clear that if you decide to somehow violate the trading rules, the account will be blocked.

• Using scalping - especially if you work according to the most aggressive scheme (high leverage and a lot of transactions), scalping brokers , but not all of them. True, in this case, the company will most likely return part of the funds, but you will have to forget about the profit.

• Inaccurate data when opening an account - if it turns out that you are trying to trade under a fictitious name, then you can simply say goodbye to everything you deposited into the account.

• Large profits - if you trade consistently, earning 20-30 percent per month, no one will be suspicious, but after you earn 1000% per day, be prepared for your account to be temporarily blocked for verification.

I don't know what they check, but if everything is in order, no one takes your money; I've been subjected to a similar procedure twice myself.

Furthermore, you could run into a scammer who won't give you your profits, so you can only shrug your shoulders and avoid making the same mistake in the future.