Oct 25th 2007, 19:37 system announcement
by IntLibber Brautigan
No Withdraw Limits on ACE!
Other exchanges have imposed withdrawal limits on accounts, because they are using your money to invest for their own profits, leaving only a fraction of deposits in reserve to deal with daily withdrawal needs. In our trading at those exchanges, that has annoyed us in the past, and we don't want to treat people that way. So, for this reason, we are not going to play games with other peoples money here.All deposits in ACE will be 100% reserves, HOWEVER they will also not pay interest. This is because as ACE is not going to operate as a bank, we want traders to feel free to put money in, engage in trades, and pull their deposits as they feel the need.
The business of ACE is stock trading, not banking. We want you to trade here, and not feel that your money is trapped.