Xlence Canceled My Buy Stop Order Before the Price Surge

Seeking Advice
1

I am really mad at Xlence for deleting my order right before the Bitcoin price spikes today.

xlence-deleted-my-buy-stop-order-before-rip-v0-y6hm3h6186de1
xlence-deleted-my-buy-stop-order-before-rip-v0-y6hm3h6186de1525×801 20.5 KB

2

I had the same issue when trading BTC today I saw “no money” but I had funds in my account What causes this

3

Jericho said:
I had the same issue when trading BTC today I saw “no money” but I had funds in my account What causes this

“No money” means you might not have enough to meet the margin requirements.

4

Jericho said:
I had the same issue when trading BTC today I saw “no money” but I had funds in my account What causes this

Your profit comes from someone else’s loss and vice versa

5

Looks like someone didn’t have the funds for 5 lots of BTC

6

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

Isn’t that how it goes winners against losers Trading really is a 50/50 game with some math involved

7

Pierce said:

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

Isn’t that how it goes winners against losers Trading really is a 50/50 game with some math involved

You can’t use someone else’s funds to play that game though

8

Pierce said:

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

Isn’t that how it goes winners against losers Trading really is a 50/50 game with some math involved

Math???

9

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

Where is that stated in the terms agreement I thought the price would go up and the money in the account is mine regardless of the amount

10

@Pierce
Read the legal documents and understand how margin trading works I’m with another broker so I can’t read your broker’s legal terms for you
You need to provide some funds to the broker as security since buying 5 lots means you’re trading 5 whole bitcoins which is around 500k to keep it simple With 100:1 leverage you would need 5k in your account to cover even a slight price movement This is just a quick overview of margin now you can check if you had enough funds or just include that in your screenshot

11

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

This is toxic

12

Shan said:

Logan said:
Looks like someone didn’t have the funds for 5 lots of BTC

This is toxic

This is reality

13

Trading against this is really tough work