OK, so this site allows you to trade foreign currencies in order to make a profit. It's similar to gambling... You're estimating which currencies will drop or gain value and make trades based on this.
What the website doesn't mention clearly is that you can only cash out for the money that you put it.
What does this mean? Well, I started off with a $100 deposit. Through a bunch of trades, I ended up making a $30 profit. So my account was $130 total. But... I can only cash out for $100 since that's what I put in. So it is physically impossible to make a profit! Any profit you make is stuck in your Easy-Forex account, and can never be withdrawn or used in the real world!
It is completely absurd. Why would anyone gamble with real money to make "virtual" money that can never be used?
However, if you lose money from trading (which is much more likely to happen), you do actually lose the money for good. So... You lose money for real, but you only gain "virtual" money that can never be cashed out.
I cannot believe it!!! This is not stated clearly anywhere on the site at all. So I cashed out my original $100, and the $30 profit I made is just sitting there, and will be forever since I can never cash it out. What a joke.
Not to mention... in order to withdraw money, you must scan and fax copies of your ID, credit card, along with withdrawal forms. It really doesn't feel safe.
Stay away everyone!
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