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when "customer protection" goes awry: exploitative data fees and restrictive market access combines with insane leverage and forced liquidations there's a better way

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Zach Dexter

@zachdex

Oct 31

Ready for a spooky story?

Ghost leverage is a little-known practice where US futures brokers offer US retail investors substantial leverage levels (100x or more) during day and/or night sessions, and auto-liquidate everyone trading on that leverage before market close

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6:05 PM · Oct 31, 2022Twitter Web App

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There's definitely a better way to trade cryptocurrencies than what is offered by SBF_FTX.

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and

Similar w Coinbase however, awkward

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I don’t think u should talk about customer protection. I can’t access my account for half a day, just got logged out in the middle of a trade without SL. and there is no one who helps. Tickets get answered in 48-72h. Binance solves the issue in 15 min.