Terrible day in VietNam | Forex Factory

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Terrible day in VietNam

  • #1
  • First Post: Nov 8, 2006 5:15am Nov 8, 2006 5:15am
Today , 1 big broker in my country disappear , more than 1000 clients with 100 millions dollars ,same as REFCO in the past !.

In your country , have you ever have this problem ?
  • #2
  • Nov 8, 2006 5:19am Nov 8, 2006 5:19am
Grrrr...I always hate hearing things like this. I hope clients get their money back through some compensation scheme or something.
  • #3
  • Nov 8, 2006 5:20am Nov 8, 2006 5:20am
Oh boy terrible indeed! Hope you are holding your funds elsewhere...
In my country (Romania) this market is also new, I wouldn't open an account in my country for the time being, I heard of only one broker here but even this one had huge spreads lol...
To use a new broker would be wise to wait at least 2 years since its inception before using it, imo. It isn't wise taking chances with new brokers with my own money. Btw, how old was that broker?

Quoting adam3000
Today , 1 big broker in my country disappear , more than 1000 clients with 100 millions dollars ,same as REFCO in the past !.

In your country , have you ever have this problem ?
-soso
  • #4
  • Nov 8, 2006 11:54am Nov 8, 2006 11:54am
who was it?
  • #5
  • Nov 8, 2006 6:46pm Nov 8, 2006 6:46pm
Hi all, I am a Vietnamese, too.
With this event, It is difficult to become a new broker in Viet Nam
Now most of people in Viet Nam think that forex is only a trick.
A member from Viet Nam. Forex changes my life
  • #6
  • Nov 8, 2006 7:58pm Nov 8, 2006 7:58pm
ummm excuse the ignorance but isnt vietnam still communist? if so then why would the goverment allow its people to make side money or am i wrong?
  • #7
  • Nov 8, 2006 10:15pm Nov 8, 2006 10:15pm
this is the link to that broker : http://www.goldenpmc.comin my country ,we still using communist politics , and the goverment are not allowed to trade in this market , we can not tranfer money outside .
so the only way to tranfer large amount of money is "black market"
it is more dangerous than trading in Forex !
  • #8
  • Nov 8, 2006 10:19pm Nov 8, 2006 10:19pm
It is now just a link to more links... I hope you did not lose money in this broker.



Quoting adam3000
this is the link to that broker : http://www.goldenpmc.comin my country ,we still using communist politics , and the goverment are not allowed to trade in this market , we can not tranfer money outside .
so the only way to tranfer large amount of money is "black market"
it is more dangerous than trading in Forex !
  • #9
  • Nov 8, 2006 11:00pm Nov 8, 2006 11:00pm
for all i know, forex is consider by a majority as a scam, and only banks do it.
  • #10
  • Nov 9, 2006 5:47am Nov 9, 2006 5:47am
well if the banks do it then hows it a scam?
  • #11
  • Nov 9, 2006 10:18am Nov 9, 2006 10:18am
Quoting jrod
well if the banks do it then hows it a scam?
they say forex can only be done by banks, because it needs millions of dollars to begin trading. everytime i read the news with forex in it, there's always a statement saying that beware with forex and people claiming that they make a fortune with it.
  • #12
  • Last Post: Nov 9, 2006 8:43pm Nov 9, 2006 8:43pm
ive read the same although what ive read is they say within a certain amount of time. i.e. like a month or two and youll be able to bankroll. a friend of mine had lunch with a guy who used to trade for the banks and also said the common man couldnt do it. reason? because we couldnt possibly learn enough to make it profitable.
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