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  • #301
  • Jul 30, 2008 3:15am Jul 30, 2008 3:15am
The reason why she responded so quickly was probably because I had just called her 10 minutes before you and she told me the same thing. Lets just hope nothing comes up before August 6th to stop this process.
  • #302
  • Jul 30, 2008 11:57pm Jul 30, 2008 11:57pm
Man, if we get through Monday and Wednesday, this nightmare will be behind all of us. It is unbelievable that this criminal Mr. Gray, deceiving NFA/CFTC regulations therefore U.S. laws, and de-frauding customers, is allow to file such a massive appeal. Should he be worried about the next phase, sentencing and paying fines in millions to CFTC? I guess more reasons for him to stall things as long as possible. Bastard.


Quoting TripTrap
I did email Lillian about the emergency motion. I was surprised to hear back from her so soon in light of the earthquake out there. Looks like we are still on track. Here is her email........
------------------------------------------------------------------
Thank you. We are all well. After hearing the bad news from all over the world, I have to admit that we do get scared.

The Receiver is required to respond to the Emergency Motion filed by Mr. Gray by this Friday. We do not think it will affect the account transfer to GFT. There is no court order ruling against the sale to GFT to date. We are still on schedule. All the files were transferred to GFT. On August 4th, the Receiver will formally notify the customers of the transfer. On August 6th, the Receiver is scheduled to transfer the funds to GFT. Shortly after the transfer date, the customer will be able to continue to trade to withdraw the funds with/from GFT.

Very truly yours,
Lillian Lee
Deputy to the Receiver
  • #303
  • Jul 31, 2008 1:06pm Jul 31, 2008 1:06pm
Quoting forexedge
Man, if we get through Monday and Wednesday, this nightmare will be behind all of us. It is unbelievable that this criminal Mr. Gray, deceiving NFA/CFTC regulations therefore U.S. laws, and de-frauding customers, is allow to file such a massive appeal. Should he be worried about the next phase, sentencing and paying fines in millions to CFTC? I guess more reasons for him to stall things as long as possible. Bastard.
I think that because the Liquidator has to file a response and the appellate court must take the time to review BOTH arguments and give an opinion as of matter of law then unless our luck is incredibly bad then we will have the funds with the other broker well before a opinion is issued to Mr Gray's response. I know the day the transfer happens I am getting my loot out of there via FEDEX check. Let's cross our fingers people. If we make it through this one then no more US companies for me....SWISS all the way!!
  • #304
  • Jul 31, 2008 1:28pm Jul 31, 2008 1:28pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting RxPipDaddy
I think that because the Liquidator has to file a response and the appellate court must take the time to review BOTH arguments and give an opinion as of matter of law then unless our luck is incredibly bad then we will have the funds with the other broker well before a opinion is issued to Mr Gray's response. I know the day the transfer happens I am getting my loot out of there via FEDEX check. Let's cross our fingers people. If we make it through this one then no more US companies for me....SWISS all the way!!

..or U.K. broker, but never again US broker, thats for shure!!
  • #305
  • Aug 1, 2008 4:57pm Aug 1, 2008 4:57pm
Hi Lillian,

I wanted to make sure we made it through today. Now that it is Friday, do you still feel we will not be affected by Mr. Gray's Emergency Motion? Are we still on track for next weeks transfer of funds?

Thank you!

_____
---------------------------------------------------------------------------------------------------------------------

We are filing our responses to the Emergency Motion today. The Ninth Circuit Court will need to time to review the responses. We are still notifying the customers next Monday and transferring the funds next Wednesday to GFT.
  • #306
  • Aug 1, 2008 5:37pm Aug 1, 2008 5:37pm
Quoting TripTrap
Hi Lillian,

I wanted to make sure we made it through today. Now that it is Friday, do you still feel we will not be affected by Mr. Gray's Emergency Motion? Are we still on track for next weeks transfer of funds?

Thank you!

_____
---------------------------------------------------------------------------------------------------------------------

We are filing our responses to the Emergency Motion today. The Ninth Circuit Court will need to time to review the responses. We are still notifying the customers next Monday and transferring the funds next Wednesday to GFT.

I think we will make it. We will have to be quick and as soon as the other firm gets the money I am asking for a check to be FedEX NEXT DAY!! I do not want to wait on the outcome of the 9th circuit court.
  • #307
  • Aug 4, 2008 2:19am Aug 4, 2008 2:19am
Ok everyone today is the day we get notices in e-mail. Lets hope everything goes well and that we are able to finally bring a end to this extreme nightmare.
  • #308
  • Aug 4, 2008 11:25am Aug 4, 2008 11:25am
i just received a call from GFT. they are in possession of my FXLQ account and will be sending me emails within the next 3 days outlining my options, including withdrawal. the guy, of course, wanted me to really stay with GFT.

i feel that we are very lucky to have had this situation resolve as it did with 100% return of money. does not happen often when the NFA shuts down a broker.
  • #309
  • Aug 4, 2008 3:03pm Aug 4, 2008 3:03pm
Just got my email....I am sure all of you did too.

Well what do you know....there really is a Forex God looking out for us http://www.forexfactory.com/images/icons/icon7.gif
  • #310
  • Aug 4, 2008 3:05pm Aug 4, 2008 3:05pm
Yeah!!!!

ROBB EVANS & ASSOCIATES, LLC
Receiver of
Forex Liquidity LLC
11450 Sheldon Street
Sun Valley, California 91352-1121
Telephone No.: (818) 768-8100
Facsimile No.: (818) 768-8802
August 4, 2008
NOTICE TO NON-FX ASIA CUSTOMERS
This message is to inform you that Robb Evans and Associates LLC, the receiver of Forex Liquidity LCC, has entered into an agreement to transfer all the accounts, which are not part of the FX Asia accounts, to Global Futures & Forex, Ltd. (GFT). This transfer was approved by United States District Court, Central District of California. You will receive information regarding GFT on August 5, 2008 and additional information regarding your account at the time of the transfer on August 6th, 2008.
Once the transfer is completed, everything regarding your account will be serviced by GFT, a financially stable FCM registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). In addition, GFT is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Financial Supervisory Agency (FSA) in Japan, and the Financial Services Authority (FSA) in the United Kingdom.
Please note that GFT will be in contact with you about your trading account transfer, including accessing your funds, which will be available for either trading activities or withdrawal. Updates and information will be available from GFT via online at http://www.gftforex.com/trade as well as via a special toll-free hotline 1.888.694.0011; international customers call 616.956.6423.
For additional information about the receivership in the CFTC v. Forex Liquidity LLC case or the Court approved orders, please refer to the receiver’s website at http://www.robbevans.com/html/forexlq.html.
Thank you,
Robb Evans & Associates LLC
  • #311
  • Aug 4, 2008 3:13pm Aug 4, 2008 3:13pm
I just go my letter also and I called them immediately. Of course the recording came on saying they would call me back. I cannot wait until I get that call because I am getting my loot out of there.

Blue Pearl what options did they give you and how long until we can withdraw?
  • #312
  • Aug 4, 2008 5:04pm Aug 4, 2008 5:04pm
Quoting RxPipDaddy
I just go my letter also and I called them immediately. Of course the recording came on saying they would call me back. I cannot wait until I get that call because I am getting my loot out of there.

Blue Pearl what options did they give you and how long until we can withdraw?
i got a call to confirm my account details and my contact info. they said they would email me further info. i have not received an email yet. he said i would receive an email today, one tomorrow, and a third on wednesday.
  • #313
  • Aug 5, 2008 10:23am Aug 5, 2008 10:23am
Nice to hear that things are moving for some of you.
I received the Robb Evans email too, but what does it mean "which are not part of the FX Asia accounts"?
I live in Asia, does that mean the transfer to GFT does not apply to me?
Thanks
  • #314
  • Aug 5, 2008 2:26pm Aug 5, 2008 2:26pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting qq1
Nice to hear that things are moving for some of you.
I received the Robb Evans email too, but what does it mean "which are not part of the FX Asia accounts"?
I live in Asia, does that mean the transfer to GFT does not apply to me?
Thanks

ask Robb Evans.....nobody else knows better
  • #315
  • Aug 5, 2008 2:33pm Aug 5, 2008 2:33pm
Actually, you can contact GFT and ask them... I did and they had me on the list. They will work to keep as many of these accounts as possible, so they may be very nice to you right now.



Quoting onu
ask Robb Evans.....nobody else knows better
  • #316
  • Aug 5, 2008 5:02pm Aug 5, 2008 5:02pm
It's hard to believe but I got an email today from GFT saying my money had been wired to my bank account. When I checked my statement online sure enough it was there.

This should not be a concern to those that have not received their money yet. It's just that I made sure two weeks ago that GFT had my wiring instructions and funds request form on file so I would be ready to go.

I am proof that this really is happening and we will all get 100% of our money back!! GFT is on top of things. I am sure most will have their money between now and Monday.

I have sent a thank you email to Lillian, thanking her and her firm for getting us out of this mess.

qq1...check with IKON Global Markets. That is the firm that took over the Asian accounts.

I don't know about you all but I will use my returned money very wisely. I have learned a lot about trading on a shoestring while I waited. I am stronger because of this experience and hopefully a little wiser.

I sincerely wish you all the best of luck!!

TripTrap
  • #317
  • Aug 6, 2008 7:32am Aug 6, 2008 7:32am
Oh wow, you got your money already?

The told me on Wednesday, the firm will receive the wire from the receiver and they will be on contact with me then.

I guess I will check on the paper work today and get the money moving asap. I like GFT, but, I still want my money after waiting for so long.

GOod luck everyone.

Trip, are you an IB? What do you do?

Quoting TripTrap
It's hard to believe but I got an email today from GFT saying my money had been wired to my bank account. When I checked my statement online sure enough it was there.

This should not be a concern to those that have not received their money yet. It's just that I made sure two weeks ago that GFT had my wiring instructions and funds request form on file so I would be ready to go.

I am proof that this really is happening and we will all get 100% of our money back!! GFT is on top of things. I am sure most will have their money between now and Monday.

I have sent a thank you email to Lillian, thanking her and her firm for getting us out of this mess.

qq1...check with IKON Global Markets. That is the firm that took over the Asian accounts.

I don't know about you all but I will use my returned money very wisely. I have learned a lot about trading on a shoestring while I waited. I am stronger because of this experience and hopefully a little wiser.

I sincerely wish you all the best of luck!!

TripTrap
  • #318
  • Aug 6, 2008 2:06pm Aug 6, 2008 2:06pm
I like that my funds are now sitting with GFT and not some attorney's office, but I know nothing about GFT.... no MT4

But other then that, what are traders experiences and opinion of GFT? Should I grab my money and run?

Platform?
Execution?
Integrity?

Thanks





Quoting forexedge
Oh wow, you got your money already?

The told me on Wednesday, the firm will receive the wire from the receiver and they will be on contact with me then.

I guess I will check on the paper work today and get the money moving asap. I like GFT, but, I still want my money after waiting for so long.

GOod luck everyone.

Trip, are you an IB? What do you do?
  • #319
  • Aug 6, 2008 3:49pm Aug 6, 2008 3:49pm
I've used GFT for some months and am very happy with them. I find execution speeds etc. to be on par with other brokers. I also like Deal Book. I was with an MT4 broker before GFT and thought the transition would be difficult but now that I am use to it I like Deal Book a lot better. The charting is much better than MT4. As far as Intergrity I have never had any issue and they have been in business a long time so I think they must be doing something write! Good luck. It sounds like this whole FX LQ broker has been hard on traders.

clif
  • #320
  • Aug 7, 2008 4:43am Aug 7, 2008 4:43am
Their platform is heavy, but good once you get used to it. Very flexible order management.

I did have an outtage for 45 minutes in asia session where I couldn't log in... I called and they said talk to order desk to put in stops. They couldn't bring up my existing order position, so I had to remember what I had and told them to execute buy gbpjpy to counter an existing position.

I like their web access so that I can access from work.

I wouldn't leave a ton of cash there, just enough to trade 1-3 lots.


Quoting clif
I've used GFT for some months and am very happy with them. I find execution speeds etc. to be on par with other brokers. I also like Deal Book. I was with an MT4 broker before GFT and thought the transition would be difficult but now that I am use to it I like Deal Book a lot better. The charting is much better than MT4. As far as Intergrity I have never had any issue and they have been in business a long time so I think they must be doing something write! Good luck. It sounds like this whole FX LQ broker has been hard on traders.

clif
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