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  • #41
  • Nov 7, 2011 2:13am Nov 7, 2011 2:13am
Quoting starbucks
Hi PIN Trader,

Where can I get the info about Canada compensation schemes up to $1mil ?
http://www.cipf.ca/Public/CIPFCovera...Insolvent.aspx
  • #42
  • Nov 7, 2011 2:14am Nov 7, 2011 2:14am
Quoting starbucks
Hi PIN Trader,

Where can I get the info about Canada compensation schemes up to $1mil ?
Sorry I should have replied to your post

http://www.cipf.ca/Public/CIPFCovera...Insolvent.aspx
  • #43
  • Nov 7, 2011 2:15am Nov 7, 2011 2:15am
Quoting starbucks
Hi PIN Trader,

Where can I get the info about Canada compensation schemes up to $1mil ?
They have a news release specifically about MF Global here

http://www.cipf.ca/Libraries/Miscell...ease.sflb.ashx
  • #44
  • Nov 7, 2011 3:19am Nov 7, 2011 3:19am
Quoting PIN Trader
http://www.cipf.ca/Public/CIPFCovera...Insolvent.aspx
Thx PIN Trader
~~ Happy Trading ~~
  • #45
  • Nov 7, 2011 8:07am Nov 7, 2011 8:07am
Quoting PIN Trader
Make sure they are regulated whoever they are.
Thxs PIN Trader .... do you have any names for Canadian FX Brokers that I should consider?

I have seen some reviews for OANDA and mixed reviews for Questrade ...

Thxs
E Triple A
  • #46
  • Nov 7, 2011 8:26am Nov 7, 2011 8:26am
Quoting E Triple A
Thxs PIN Trader .... do you have any names for Canadian FX Brokers that I should consider?

I have seen some reviews for OANDA and mixed reviews for Questrade ...

Thxs
E Triple A
Personally I wouldnt recommend any forex broker. I would recommend you look at trading futures, check out the e mini S&P or the Eurostoxx. Retail forex is set up to rip you off, very few people will ever make money trading forex.
  • #47
  • Nov 7, 2011 4:36pm Nov 7, 2011 4:36pm
I am in the same boat looking for another forex broker that would accept a BC residence. All I could find is Oanda and Questtrade. Would FXCM have someone else pickup their platform like how they did with MF Global?
  • #48
  • Nov 8, 2011 4:12am Nov 8, 2011 4:12am
Quoting larucciad
Hi, to all the MF Global UK clients did you managed to transfer positions or receive the funds back from them? I did not received any consistent communication to my request of withdrals sent on monday morning but just an email from the broker communicating that they are under special administration and that will update as soon as they have news.

did you received anything from the company ? did you managed to receive back your money already? any serious answer will be important at this stage.

thanks in advance.
Soon after the news i closed my positions and called them . They said amount will be transferred by noon . That did not happen. Looks like a Long wait to get my money back. Of all the people why me ?
  • #49
  • Nov 8, 2011 7:00am Nov 8, 2011 7:00am
Quoting Leroy
I am in the same boat looking for another forex broker that would accept a BC residence. All I could find is Oanda and Questtrade. Would FXCM have someone else pickup their platform like how they did with MF Global?
Hi Leroy,

FXCM Canada offered by Friedberg Direct is now an option for former MF Global clients and residents of British Columbia. The website has not been launched yet, but account opening documents can be requested by contacting FXCM. This will allow you to continue using the FXCM's Trading Station platform.

-Jason
  • #50
  • Nov 8, 2011 7:32am Nov 8, 2011 7:32am
Quoting Jason Rogers
Hi Leroy,

FXCM Canada offered by Friedberg Direct is now an option for former MF Global clients and residents of British Columbia. The website has not been launched yet, but account opening documents can be requested by contacting FXCM. This will allow you to continue using the FXCM's Trading Station platform.

-Jason
Hye Jason,

Just asking on behalf of my friends, does FXCM has any similar offer for MF Global Singapore client?

cheers
  • #51
  • Nov 8, 2011 12:48pm Nov 8, 2011 12:48pm
Quoting zam4ever
Hye Jason,

Just asking on behalf of my friends, does FXCM has any similar offer for MF Global Singapore client?

cheers
Hi zam,

We don't have a similar offering for Singapore unfortunately.

-Jason
  • #52
  • Nov 8, 2011 6:40pm Nov 8, 2011 6:40pm
Quoting Jason Rogers
Hi zam,

We don't have a similar offering for Singapore unfortunately.

-Jason
Thanks for above confirmation. I'm relaying above info to my friends.

Have a nice day!
  • #53
  • Nov 9, 2011 1:02am Nov 9, 2011 1:02am
Quoting Jason Rogers
Hi Leroy,

FXCM Canada offered by Friedberg Direct is now an option for former MF Global clients and residents of British Columbia. The website has not been launched yet, but account opening documents can be requested by contacting FXCM. This will allow you to continue using the FXCM's Trading Station platform.

-Jason

Thanks Jason,

That is very helpful. I will make the call tmr.
  • #54
  • Nov 9, 2011 4:49am Nov 9, 2011 4:49am
Quoting Jason Rogers
Hi Leroy,

FXCM Canada offered by Friedberg Direct is now an option for former MF Global clients and residents of British Columbia. The website has not been launched yet, but account opening documents can be requested by contacting FXCM. This will allow you to continue using the FXCM's Trading Station platform.

-Jason

Hello Jason,

If I reside in Ontario ... does FXCM has an office in Toronto?
If so who should I contact?

Thxs
E Triple A
  • #55
  • Nov 9, 2011 8:27am Nov 9, 2011 8:27am
Quoting E Triple A
Hello Jason,

If I reside in Ontario ... does FXCM has an office in Toronto?
If so who should I contact?

Thxs
E Triple A
Hi E Triple A,

Thanks for the question. While FXCM does not have an office in Toronto, FXCM provides full 24 hour support for clients. You can contact FXCM Support by live chat, by phone at +1 (888) 296-5012, or by email at [email protected].

If you have other questions about the relationship with Friedberg Direct or anything else, then you can email me directly at [email protected] and I will get back to you right away.

Thank you E Triple A!


- Jason
  • #56
  • Nov 9, 2011 7:08pm Nov 9, 2011 7:08pm
undertake thorough research before signing with any br0ker

it's always prudent to investigate the history of who you are considering doing business with

http://trading-gurus.com/fxcm-settle...an-14-million/

you probably should have the above link as your signature Jason

.
  • #57
  • Nov 10, 2011 12:07am Nov 10, 2011 12:07am
Quoting PeterE
undertake thorough research before signing with any br0ker

it's always prudent to investigate the history of who you are considering doing business with

http://trading-gurus.com/fxcm-settle...an-14-million/

you probably should have the above link as your signature Jason

.
thanks for the article.
  • #58
  • Nov 10, 2011 8:54am Nov 10, 2011 8:54am
Quoting PeterE
undertake thorough research before signing with any br0ker

it's always prudent to investigate the history of who you are considering doing business with
Hi Peter,

You can find my reply to this discussion from back in August located here http://www.forexfactory.com/showthre...83#post4867883 . When times get tough, we don't disappear from the forums and ignore our traders..

I agree with you that it's prudent to investigate and research a broker before deciding which one to go with. The whole discussion about MF Global touches on an underlying concern I believe is there for all traders...safety of funds. How do you know your broker isn't going to go under, will you receive profits made on trades, etc. That in addition to another big question of whether your broker is playing fair or not. FXCM addressed the NFA's concerns starting in July 2010 and all forex order types receive the full amount of positive slippage dependent on liquidity. Safety of funds seems to be highlighted time after time due to poor risk management on companies part as displayed by overleveraging by Lehman and now poor decisions by MF Global. If your broker is running a dealing desk for your forex trades, you're depending on your broker to manage that risk. If they manage it poorly, it will result in losses for the business. FXCM's NDD forex execution eliminates that risk by hedging every transaction individually with a liquidity provider. In addition to that, FXCM is a publicly traded company so you can review our financial statements to see that we have no debt.

-Jason
  • #59
  • Nov 11, 2011 1:30am Nov 11, 2011 1:30am
Quoting Jason Rogers
Hi Peter,

You can find my reply to this discussion from back in August located here http://www.forexfactory.com/showthre...83#post4867883 . When times get tough, we don't disappear from the forums and ignore our traders..

I agree with you that it's prudent to investigate and research a broker before deciding which one to go with. The whole discussion about MF Global touches on an underlying concern I believe is there for all traders...safety of funds. How do you know your broker isn't going to go under, will you...
Jason,

So what is FXCM's relationship with Friedberg? Are all trades handled through FXCM desks? When I was with MF Global it appeared as if I were an FXCM client.

Roy
  • #60
  • Nov 11, 2011 1:05pm Nov 11, 2011 1:05pm
Quoting Leroy
Jason,

So what is FXCM's relationship with Friedberg? Are all trades handled through FXCM desks? When I was with MF Global it appeared as if I were an FXCM client.

Roy
Hi Roy,

Appreciate you asking. FXCM Canada Powered by Friedberg Direct (“FXCM Canada”) gives you access to FXCM’s trading platforms and services with Friedberg as your legal counterpart. So your trading account with FXCM Canada is maintained under IIROC regulations and has CIPF protection.

In terms of execution, FXCM Canada uses the same No Dealing Desk Forex Execution. FXCM handles the support for FXCM Canada so if you ever have questions, then you contact FXCM and our 24 hour support will help you.

You can contact FXCM Canada Support by live chat, by phone at +1 (888) 296-5012, or by email at [email protected].


- Jason
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