Hi guys. New myBB member and ex-MTI investor. My friends and I pulled our funds out of MTI the day FXChoice stated that MTI were no longer trading with them and never used an EA bot with them. I was incredulous at the time that people were so blasé with their investments. Seeing smoke and ignoring warning signs. Ever since, we did some digging and found out about Cheri & Clyntons involvement in BTC Global, etc.
I just wanted to add my 2c about the the 200x leverage and 8% drawdown. I'm a newbie leverage trader that trades BTC at 50x leverage. All I need is a $35 price movement to get 15% PNL excl. fees. I've never heard of a platform that offers 200x leverage but I'm no expert. Regardless, 200x leverage will have heavy fees and the volatility of BTC would mean heavy losses AND profits with just the smallest of price movements, like $4 to get a comparative 15%. So for me it's impossible they never see their 8% drawdowns happen. I mean just yesterday BTC saw a $100 drop in price in 1 minute.