saxo is being investigated by danish fsa over requote and neg balances
Brokers with Negative Balance Protection 41 replies
Brokers that liquidate accounts at zero before negative balance occurs 22 replies
When would chasing a trade be worth it to you? 17 replies
What brokers would you want to use if you had 100k + million + account? 6 replies
Can someone answer question about Brokers chasing stops? 7 replies
DislikedThis morning after a yesterday mail in which the say my adjustment price was OK and after they ask me to recover my negative balance, they transfer found from my other account to this negative one... WITHOUT ANY COMUNICATION Really really annoying... Pay attention to ICMARKETS RegardsIgnored
DislikedThis morning after a yesterday mail in which the say my adjustment price was OK and after they ask me to recover my negative balance, they transfer found from my other account to this negative one... WITHOUT ANY COMUNICATION Really really annoying... Pay attention to ICMARKETS RegardsIgnored
DislikedThis morning after a yesterday mail in which the say my adjustment price was OK and after they ask me to recover my negative balance, they transfer found from my other account to this negative one... WITHOUT ANY COMUNICATION Really really annoying... Pay attention to ICMARKETS RegardsIgnored
Disliked{quote} This is not allowed under Australian Regulations, unless in the terms of your account you have given permission. I would suggest you contact ASIC as a matter of urgyency and possibly APRA if it involves linked accounts.Ignored
Disliked{quote} I'm really sad because I've lost my money in  a way that's really really strange and confused and also because I'm know know that's  that broker  can do everything he wants with you money... Change trade and order take your money without any problems... I'm not English mother tongue and I don't have money and time to try to go against  a such big and organized broker... So I think it's really difficult assert my reason... Maybe if some else is in the same condition we can share our experience and try to do something... But it's really...Ignored
DislikedI don't think they're safer, at least if your broker is scummy bucketshop. There's a post in the eur/chf thread where a trader had bought eur/chf puts through Saxobank and Saxo somehow spiked the price to take wipe their account before dropping the prices like every other broker. Not sure how that works. But sounds like they can quote any bs number they want just like spot.Ignored
Disliked{quote} I'm really sad because I've lost my money in  a way that's really really strange and confused and also because I'm know know that's  that broker  can do everything he wants with you money... Change trade and order take your money without any problems... I'm not English mother tongue and I don't have money and time to try to go against  a such big and organized broker... So I think it's really difficult assert my reason... Maybe if some else is in the same condition we can share our experience and try to do something... But it's really...Ignored
Disliked{quote} Hi cescof, Maybe you can ask one of your friends who is better at English to help you. Here is what I found out for you: 1. ASIC is the regulatory body that looks over IC Markets but they do not handle or resolve any disputes that you have with IC Markets. You can only report IC Market's misconduct, their wrong behaviour of transferring your money from one account to the one with the negative balance. You can do that by visiting this page: http://asic.gov.au/about-asic/contac...nduct-to-asic/...Ignored
Disliked{quote} Is IC Markets also in financial problems as they play with execution prices? How fast are they processing withdrawals lately?Ignored
DislikedMy IGMARKETS broker is chasing me for payment. Expecting me to pay because I have made a fair penny over the year. But all has been spent on paying bills and debts that I have had accrued over the years because of my terrible trading. They requested my bank account statements to prove that I have no money to pay them back. WHICH IS TRUE!!! I have bed credit ratings and have had a default before. There is no way I can pay them back with this huge deficit. Lesson learnt but I might have to pay this for life with my current income! 280k AUD is not...Ignored
DislikedI suggest anybody having troubles with brokers to join. You can post your experience, legal advice and thoughts here : www.negativebalances.com I suggest anybody having troubles with brokers to join.Ignored