Hi,
There is one thing to take out from this CHF crisis. In my view - and correct me if i'm wrong- brokers who return your negative balance to 0 are most likely a b-book.
Meaning your trades/positions never really was exposed to the market. You traded inside the Market Making brokers virtual environment. Therefore your minus was never real. From MM perspective they cant reclaim your minus due to the fact that in case of legal actions they would need to expose their real activities to the world.
And to bring you back to 0 balance is just 1 click - no real money costs. So you could happily play your game again, and again making them commissions. And they gain extra good reviews on the way how great they are giving money back.
LMAX beeing REAL MARKET ,don't give a s..t about you, as why would REAL MARKET give any s..t about traders - its a venue to exchange trades not a broker as such.
If that makes sense....i might be wrong tho.
There is one thing to take out from this CHF crisis. In my view - and correct me if i'm wrong- brokers who return your negative balance to 0 are most likely a b-book.
Meaning your trades/positions never really was exposed to the market. You traded inside the Market Making brokers virtual environment. Therefore your minus was never real. From MM perspective they cant reclaim your minus due to the fact that in case of legal actions they would need to expose their real activities to the world.
And to bring you back to 0 balance is just 1 click - no real money costs. So you could happily play your game again, and again making them commissions. And they gain extra good reviews on the way how great they are giving money back.
LMAX beeing REAL MARKET ,don't give a s..t about you, as why would REAL MARKET give any s..t about traders - its a venue to exchange trades not a broker as such.
If that makes sense....i might be wrong tho.