My name is Mohsin Ali Abbasi, and I opened an account with Aron Market with the MT5 Account No. 195552. I would like to bring to your attention an incident that has occurred with my account, leading me to conclude that Aron Market is engaging in unethical practices.
On 15th November 2024, I deposited $270 into my account and opened a sell trade of 50 shares of US stock Target (TGT). I made a profit of $1,454. However, when I requested to withdraw my profits, Aron Market canceled all my profits and even confiscated my initial deposit. They emailed me, accusing me of fraudulent trading. Aron Market claimed that I violated their rules and misused their Negative Balance Protection (NBP) policy. However, this accusation seems highly dubious. Before this incident, I experienced losses totaling $1,200 those times the broker never mentioned any rule violations or sent me an email about such concerns. Instead, they encouraged me to make further deposits as I was losing. Now, when I finally made a profit, they conveniently claim I broke their rules.The broker states that I misused their Negative Balance Protection feature. Yet, their system automatically resets negative balances to zero after two hours. This automated facility is provided by their platform. I fail to understand how trading based on speculation or market news can be considered fraudulent. When I lost money, they did not raise any concerns about rule violations. But now that I have profited, they refuse to honor my earnings and confiscated both my profit and capital. I strongly believe this broker is scamming its clients. Aron Market appears to run standalone servers that are not connected to legitimate exchanges. If my trading strategy resulted in a loss, would the company compensate me for my loss? If not, why is the company penalizing me for Earning profit.
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