Please post here if your broker is chasing you for money to repay a negative account balance following the EURCHF debacle,
whether you are going to pay and what action is taken if you haven't paid.
I wasn't involved fortunately but I contacted my broker LMAX (who I have always found to be brilliant and the best broker I have used up until now)
to find out what would happen in such a scenario. They just said that I would face legal action if such a debt wasn't paid.
Which is kind of scary! Makes me think about whether I should be using them in future.
I also wonder how this would be possible - even though they just match buyers with sellers presumably the people who are owed money
are going to be owed by thousands of others which would make legal action against them all impossible.
whether you are going to pay and what action is taken if you haven't paid.
I wasn't involved fortunately but I contacted my broker LMAX (who I have always found to be brilliant and the best broker I have used up until now)
to find out what would happen in such a scenario. They just said that I would face legal action if such a debt wasn't paid.
Which is kind of scary! Makes me think about whether I should be using them in future.
I also wonder how this would be possible - even though they just match buyers with sellers presumably the people who are owed money
are going to be owed by thousands of others which would make legal action against them all impossible.