Quote Originally Posted by Newbie_trader View Post
Yeah, I've read somewhere about this problem. His funds had been taken away by his broker. He couldn't ask for help because the broker is not registered and all the contacts are not existing.
That's really sad. I have been a victim before too. I did not check the broker well and overlooked the red flags that could have been a warning not to open an account with the broker. Since I was a newbie, I was just excited to start an account and believed whatever the representative said.