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- 35 Results (30 Replies , 5 Comments )
- rayzz replied Apr 17, 2015
I don't know about other countries, but in Australia, FXCM is still trying to collect negative balances from retail clients. This is the coverage done by ABC news where the journalist interviwed one of the victims, and in it, you'll also find the ...
- rayzz replied Mar 18, 2015
url Four members of FXCM’s board, and founding directors have engaged in an ‘Amended and Restated Severance Agreement for Founders’, as reported by FXCM. Under the revised terms, the four will benefit from receiving a compensation package that ...
- rayzz replied Feb 24, 2015
Guys, everything now is becoming quieter and no doubt that Jason Rogers will post the latest interview done with FXCM's CEO explaining how FXCM still has the legal right to collect negative balances...bla bla bla.... Let's keep the fire burning! ...
- rayzz replied Feb 10, 2015
Ponder this fact: 1. FXCM stock price dropped to $2.30 from $17 because they have a negative $225m on paper due to poor risk management in managing their CHF books. 2. They need to pay interest + principal of $300m in 3 years to Leucadia. 3. Their ...
- rayzz replied Feb 10, 2015
May I remind you all again that despite FXCM's advertised no-negative-balance policy, they are still chasing and threathening retail clients in various countries with a civil case for failure of covering negative balances.. I ask all you existing ...
- rayzz replied Feb 9, 2015
Latest article about FXCM's misleading marketing and their no negative balance policy, url Please spread this article as much as you can. Existing and past customers should be aware of this fraud.
- rayzz replied Feb 7, 2015
The relevant regulatory bodies in each country fxcm has an operation in are looking into fxcm. We cant talk too much in this forum but things are going behind the scene and it will hit the newswire all in one go.
- rayzz replied Feb 6, 2015
Typical of Jason Rogers avoiding a straightforward question. Maybe he hopes the question gets buried away. So let me ask again, ALL OF YOU SHOULD TAKE NOTE IF JASON IS AVOIDING my question again. Jason, does FXCM has a no-debit-balance policy or not?
- rayzz replied Feb 6, 2015
This means that FXCM up until now has a no-debit-balance policy.Then why would they us they word "forgive"?Then why would they chase clients for neg balances and even THREATHEN us for a civil proceeding?Are you guys all still sticking with FXCM ...
- rayzz replied Feb 4, 2015
Ive never even heard/seen/read a doc called "Master Trading Agreement" from FXCM. Anyone?
- rayzz replied Feb 3, 2015
No bush lawyers, only ppl with common sense...itd be an insult to a real lawyer if he gets hired to look into this case..It's simple: Fxcm advertises and even puts into legal document a no-debit-balance policy. In the past, when clients went into ...
- rayzz replied Feb 1, 2015
Why would you negotiate? You shouldnt be paying anything for negative balance because it's their policy to zero deficit balance. If you negotiate, then youd submit to their bait... Dont pay anything..the law is on our side... They fact that they ...
- rayzz replied Jan 31, 2015
Aussi, care to elaborate a bit more?
- rayzz replied Jan 31, 2015
Tim, at least expose this to wall street journal. Go email [email protected] and take it from there.Feed this fxcm story to as many reporters as you can.
- rayzz replied Jan 31, 2015
Because they have an explicit no-debit-policy, stipulated clearly on the product disclosure document pg.29, among many, which now they are trying to avoid.Jason, tell your bosses about this...if you still wanna mess around with asic and retail ...
- rayzz commented Jan 30, 2015
no offense, but can you give us some proof to confirm that you're not an fxcm employee or anyone affiliated with fxcm? Weve seen the true color of fxcm in the past month at least, so their crebility during difficult times is questionable now. Even ...
- rayzz replied Jan 30, 2015
Hats off to jason...gotta have a brass ball to avoid difficult questions and answer those he wants to answer.. As an employee of a public co, i can tell you that he's not being helpful to this fx community as a whole...i wonder why there's still ppl ...
- rayzz replied Jan 29, 2015
Looks like it's right. But don't just focus on that doc solely. Read also product disclosure statement pg.29 about their no debit balance policy. Fxcm is trying to focua us all onto that agreement only because they need a force majeure stipulation ...
- rayzz replied Jan 29, 2015
Tim, I'm based in australia too. Tell your friend to pull up fxcm product disclosure statement,pg. 29. On that page youll find that fxcm clearly states their no-debit-balance policy during volatile period. Tell asic too. Let us know how he goes.
- rayzz replied Jan 29, 2015
Fxcm still thinks they don't have a no-debit-balance policy that is clearly stipulated, among many, on page 29 of their product disclosure statement (in australia at least). Even if we had the money to HELP them cover neg balances, itd be more worth ...