Liquidating accounts to take money from customers
When IB places orders with high profits, they continue to place orders in the wrong direction, causing the account to alert and ask customers to deposit money. When the customer doesn't have any money to deposit anymore, they transfer it to a new IB who says it's a superior and then requests to deposit money so the order can be cleared 100% without any problem. Customers who do not have the ability to deposit more and want to cut losses to preserve capital are not allowed and are asked to follow IB to remove orders and then advise buying COTTON to burn their account due to high margin. (Customers who do not know this stock code have high margin). It turns out that the customer mistakenly heard that the customer bought 0.03, but in fact the smallest size when buying was 0.1 => In short, the floor is a scam. IB burns the account to get money.
Cannot withdraw money
Every withdrawal is like begging, having to go through a broker. The exchange does not approve the apply.