I am surprised that nobody here is discussing the crisis unfolding at Refco over the last few days...it seems that a few people here have account with Refco FX/FXCM/ACM. Has anyone heard if liquidity is affected? Has anyone pulled their money out?
DislikedI read about it in the the WSJ the other day. I'm wondering if other FX brokers may have similar problems and if the blocks are going to start to tumble as happened with the corruption of Enron/Tyco, etc. Are FX brokers insured to cover customer losses?Ignored
DislikedI am currently on FXCM and I have had no problems. But I am wondering wtf is going on with that. I cann't trade 100$ lots so I'll stay here untill then. This thing with them will drag out long time and they'll through money in someones pocket and it will go away.
DislikedWhat exactly is going on ? I have an account with FXCM and have not been very happy with them. Where can I find out more about this story?Ignored
Dislikedi think this whole thing is overblown. one little secret loan isnt going to bring the whole company down i just bought some butterflies on the stock, the volatility is crazy overblown right now.Ignored