Originally Posted by
Blinct
Matchbook closed my account almost immediately after i hit 20000 GBP profit.
They say they have premium charge after profits 20000 USD but that never happened to me. Account was instead closed when i hit that mark in GBP.
Smarkets actually suspended my account after closing service in my country. Before that i had stopped using them because I reached the "traders commision tier", meaning 1% commision on turnover. So if i was backing a selection with 1000GBP at odds of 10, and then laying it at odds of 9, and the selection actually won, the 1% commision of that trade would become a large number. That's 1% of the lay ammount, 1% of the back amount, and 1% of the amount that i "won" but had to give away due to the fact that i layed the selection after backing it. The commision of an "unfortunate" trade like that would set me back about 110£ in commision and make that whole trade a loss.
Their next tier is a 3% on turnover, making that example costing about 330£ in commision. I was close to this tier.
Thank you so much for the info on Brokerstorm littlekona!