Please demand to understand how it can be unaffected if negative balances are not recovered !
1.Did they have any insurance (if so what kind off)
2.is it because they actually were the counter party for your trades and ended up gobbling up the entire amount - which means they are definitely affected but positively with profits of all the remaining account holdings of
3. or are their creditor too writing off the debt if so why - if not ..... then the broker needs to compensate they run for profit making and any CHARITY .... so how will they do that ????
These questions are applicable for any brokerage firm which is writing off .. I am sure this move is good medicine and has saved heartaches of retailers... but should retailers be wary of something in future ..... the answers to these questions will help !!!!!
1.Did they have any insurance (if so what kind off)
2.is it because they actually were the counter party for your trades and ended up gobbling up the entire amount - which means they are definitely affected but positively with profits of all the remaining account holdings of
3. or are their creditor too writing off the debt if so why - if not ..... then the broker needs to compensate they run for profit making and any CHARITY .... so how will they do that ????
These questions are applicable for any brokerage firm which is writing off .. I am sure this move is good medicine and has saved heartaches of retailers... but should retailers be wary of something in future ..... the answers to these questions will help !!!!!
Dislikedsweet iron fx Dear client, Following the recent shock to the market, led by the decision of the SNB to remove its EUR/CHF floor, we would like to reassure our clients that IronFX is unaffected and is continuing its business as usual. We are pleased to inform you that we fully covered all negative balances arisen from the recent SNB event and will continue offering negative balance protection. Client fund protection is a core pillar of our operations, and we are working round the clock to maintain the highest possible levels of fund security and...Ignored