Account empty!!! 100% loss
In February I opened a managed account with 3500 euros at MAG Markets through a friend. MAG Markets migrated to 4XC. The highest balance in 5 months was almost 4000 euros. Last week all positions were liquidated due to too much floating. The account is empty and in the end "the market" is to blame. So far I have not received a detailed statement of my trading account despite asking my friend, who is supposedly a co-owner of MAG Markets. When I asked earlier why I only see the numbers in the back office and cannot access my trading account via MT4 or MT5, I was told that they did not want to disclose the trades. Very dubious in my view. I was previously told of a low spread but there was no transparency. My conclusion: keep your hands off!