Trading Point, a Cyprus based broker claims they have paid out $1 million to a client who deposited $25,000 a couple of months earlier.
It is apparent that trader Chris Wheeler an experienced trader started trading with the broker with twenty-five thousand dollars in July 2011, and made request for a withdrawal of one million US dollars in September.
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The truth to this story can not be verified, the news report could be a PR stunt by the broker.
On the other hand the summer months saw strong volatility and markets made dramatic moves. Gold kept edging to new highs, S&P shifted 17%. Brokers experienced strong volumes due to the heightened volatility.
The question is can an account size of $25,000 make $1 million in 2 months?