Can my Forex trader withdraw my account balance?

jeckvishva

Trader
Aug 19, 2011
1
0
12
If i opened a micro Forex account on a broker site and give my trader the "trader password" to trade for me, can my Forex trader withdraw my own money without I know?
 

Eva.HantecFx

Trader
Aug 19, 2011
4
0
17
London
Hi, as speaking for Hantec Markets, since we are regulated by FSA and ASIC, when we send you your trading password, we cannot just withdraw your funds when you send them. As soon as you receive your trading password you change it to your own. In addition, with Hantec Markets your money will be segregated from our accounts.
 

xSPACECOWBOYx

Master Trader
Apr 14, 2010
127
1
54
uk
No. Even if he did withdraw your money it would only go back into the account which opened it, which i guess would be your details and passwords for your bank account not your trading account. All he can do is make you lots of money or lose it all. Hope that helps.