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EUR/CHF

  • #13,901
  • Jan 15, 2015 7:32pm Jan 15, 2015 7:32pm
Quoting Geppy
FXCM in the hole $225MM after EUR/CHF puke? WOWOWOWOW! http://www.forexlive.com/blog/2015/0...-january-2015/
Damn! http://www.nasdaq.com/press-release/...20150115-01137

I'm with them. I wonder if my equity there is at risk now. Scary shit.
  • #13,902
  • Jan 15, 2015 7:37pm Jan 15, 2015 7:37pm
Quoting Harris27
{quote} already informed the FBI of swiss nb CRIME if therell be combined effort we can sue them in fact
OMG LOL!!!!!
  • #13,903
  • Jan 15, 2015 10:01pm Jan 15, 2015 10:01pm
Quoting KeyframeHR
{quote} Damn! http://www.nasdaq.com/press-release/...20150115-01137 I'm with them. I wonder if my equity there is at risk now. Scary shit.
i have a account with them too. It is concerning. Being that they are one of the bigger retailer brokers, it is also crippling them, so for the smaller brokers it is pretty much game over...
Trade what you see, not what you think!
  • #13,904
  • Jan 15, 2015 10:41pm Jan 15, 2015 10:41pm
Is interesting to read messages full of hate against SNB or even threats to sue them ...
When a trader will have the full responsibility over his trades that could go wrong? There are stop losses, hedge systems, money-management ...etc...
Don't get me wrong, I was affected as well about this movement but ... I learned something
  • #13,905
  • Jan 15, 2015 10:57pm Jan 15, 2015 10:57pm
Quoting Baiazid
Is interesting to read messages full of hate against SNB or even threats to sue them ... When a trader will have the full responsibility over his trades that could go wrong? There are stop losses, hedge systems, money-management ...etc... Don't get me wrong, I was affected as well about this movement but ... I learned something
Let's not beat a dead horse. If you researched thoroughly, you'd see some people's SLs were not honoured because of no liquidity. Moving away from forex traders, the SNB even caused some brokers to go broke and close up shop and the article http://www.forexlive.com/blog/2015/0...-january-2015/ says FXCM lost 225 million in client losses. It was an unprecedented move and it may eventually change a lot about the way forex works as brokers would look to protect themselves more. The only good thing is that now the market knows not to trust any CB esp SNB and so the institution/removal of a floor would never have the same effect again.
  • #13,906
  • Jan 15, 2015 11:13pm Jan 15, 2015 11:13pm
Quoting Harris27
i say to guys asking if must cover negative balances? Never ever transfer any funds to your brokers regarding this issue. Tell them to fxck off, seriously, they cant even bite ur axx instead, search how u can bring back some money by reviewing the auto exit prices ur account got stopped at you must still have some money in it due to margin requirements....etc they must pay u...be aware of this point...ask for ur rights
Can someone please tell me more about my rights in the UK? My broker is saying I owe them an astronomically large amount (my balance is showing A NEGATIVE NUMBER much more than the amount I deposited). I do not have the money to pay this and I'll lose my house and family to even pay a fraction of it. PLEASE PLEASE can someone help me! Do I need to pay them or not? Can I negotiate? They said the price they could first trade at was around 1.00 (so an instant fall from 1.20 to 1.00!)

Anyone?
  • #13,907
  • Jan 15, 2015 11:19pm Jan 15, 2015 11:19pm
Quoting dd303
{quote} I think some brokers can go bancrupt. My acc balance is -155 993 EUR
Does that mean we do not need to pay them?!
  • #13,908
  • Jan 15, 2015 11:51pm Jan 15, 2015 11:51pm
Quoting JamesCaan
{quote} Does that mean we do not need to pay them?!
Mostly likely yes, you really owe that amount now and you have to pay unless you are with FXC blah or oan blah as far as i understand.

i had £4000 loss with I blah market which i am sure i will have to pay back.

im sorry for you James but you might need to declare bankruptcy because this is some real shix
  • #13,909
  • Jan 16, 2015 12:15am Jan 16, 2015 12:15am
I must appreciate Oanda. All is OK, and they repay the negative accounts for clients(not my case)... here is my trade... Stoped properly(chart). Thank you Oanda! I am lucky i am with them... Best broker imo.
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  • #13,910
  • Jan 16, 2015 12:33am Jan 16, 2015 12:33am
I made good money off of this....

But I am enraged that there wouldn't have been some sort of "heads up" about this.

I mean if you think about it, they had to have known this would happen!!!
  • #13,911
  • Jan 16, 2015 12:47am Jan 16, 2015 12:47am
Quoting JamesCaan
{quote} Can someone please tell me more about my rights in the UK? My broker is saying I owe them an astronomically large amount (my balance is showing A NEGATIVE NUMBER much more than the amount I deposited). I do not have the money to pay this and I'll lose my house and family to even pay a fraction of it. PLEASE PLEASE can someone help me! Do I need to pay them or not? Can I negotiate? They said the price they could first trade at was around 1.00 (so an instant fall from 1.20 to 1.00!) Anyone?
pay them shxt. u owe them nothin. u want from them money. they must had closed all positions when equity exceeded or matched margin requirement.

1.0 uhhhhh!!!! what scam broker is that?

ignore them. they try to threaten clients by this shxt. if anythin serious ull be informed legally which i doubt

if u r a uk citizen and they r not fca regulated the latter will not listen to them

let them first prove there was no liquidity in market from 1.20 to 1.0!!!! a quick refresh of memory, it took some 10 minutes to 1.01

reveal the broker name
  • #13,912
  • Jan 16, 2015 12:48am Jan 16, 2015 12:48am
Quoting JamesCaan
{quote} Can someone please tell me more about my rights in the UK? My broker is saying I owe them an astronomically large amount (my balance is showing A NEGATIVE NUMBER much more than the amount I deposited). I do not have the money to pay this and I'll lose my house and family to even pay a fraction of it. PLEASE PLEASE can someone help me! Do I need to pay them or not? Can I negotiate? They said the price they could first trade at was around 1.00 (so an instant fall from 1.20 to 1.00!) Anyone?
It really depends on which broker you are using. Oanda has decided to protect their brand by doing the right thing, earlier poster says Saxobank is asking him to pay, FXPro is waiving it. FXCM is asking clients to pay even though they advertise this at their website.

http://www.fxcm.com/uk/support/faq/margin-requirements/ (Look at the last question)
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  • #13,913
  • Jan 16, 2015 12:54am Jan 16, 2015 12:54am
Quoting Fana
I must appreciate Oanda. All is OK, and they repay the negative accounts for clients(not my case)... here is my trade... Stoped properly(chart). Thank you Oanda! I am lucky i am with them... Best broker imo. {image}
yeah smooth price updates but dont over value or thank them, all good brokers have negative balance protection even before u open live account they have it announced as a feature.
people u r forgetting the existence of margin call stop out % and margin requirement. the broker must respect at least one of these, that must not result in negative or zero balance
  • #13,914
  • Jan 16, 2015 1:01am Jan 16, 2015 1:01am
Quoting thelostpip
I made good money off of this.... But I am enraged that there wouldn't have been some sort of "heads up" about this. I mean if you think about it, they had to have known this would happen!!!
congrats mr. predictor! must had known after 3 days of the pussycat danthine assure of cap stay, must know that the swiss mafia bank will do this before next week ecb, must know they were that idiots to announce both 0.75 and cap removal at once instead of just doing the first and wait for market reaction that i bet was gonna be another spike to 1.21

suspicious release time and method by swiss mafia bank..the smel will start coming out in some days.
  • #13,915
  • Jan 16, 2015 1:05am Jan 16, 2015 1:05am
2 options for the swiss mafia bank scandal decision:

1. they did it from panic, so they must get sacked soon, they dont qualify for this job, jordan not even a boss on his wife

2. theres a conspiracy behind this decision, they must be sued.
  • #13,916
  • Jan 16, 2015 1:07am Jan 16, 2015 1:07am
Quoting Harris27
{quote} yeah smooth price updates but dont over value or thank them, all good brokers have negative balance protection even before u open live account they have it announced as a feature. people u r forgetting the existence of margin call stop out % and margin requirement. the broker must respect at least one of these, that must not result in negative or zero balance
They made a good job. So i appreciate... Thats all... I believe, that there are some more good brokers, but this kind of fairness Oanda proved is rare .
  • #13,917
  • Jan 16, 2015 1:18am Jan 16, 2015 1:18am
Quoting Fana
{quote} They made a good job. So i appreciate... Thats all... I believe, that there are some more good brokers, but this kind of fairness Oanda proved is rare .
no doubt, but ask them why there was no respect to margin req. stop out % it must not go to negative or even zero esp. that they had liquidity all the time.
  • #13,918
  • Jan 16, 2015 1:20am Jan 16, 2015 1:20am
Quoting Harris27
{quote} pay them shxt. u owe them nothin. u want from them money. they must had closed all positions when equity exceeded or matched margin requirement. 1.0 uhhhhh!!!! what scam broker is that? ignore them. they try to threaten clients by this shxt. if anythin serious ull be informed legally which i doubt if u r a uk citizen and they r not fca regulated the latter will not listen to them let them first prove there was no liquidity in market from 1.20 to 1.0!!!! a quick refresh of memory, it took some 10 minutes to 1.01 reveal the broker name

when it comes to this kind of shxt, i am afraid the bucket shops would go as far as legally claiming the negative amount we owe especially for those bucket shops who already advertised loss could exceed initial deposits.

its not some kind of emotional opinion or personal wishes that could free us from the fact that this is some real contractual and legal obligations between us as investors and our bucket shops.

for all of those who have negative balance, please speak up and keep everyone informed. we need to unite together, stand firm and fight back. this is a war!

again, this is some real shxt and i know it could be a matter of bankruptcy or not for some people.

please stand up and share what you know.
  • #13,919
  • Jan 16, 2015 1:22am Jan 16, 2015 1:22am
Quoting Fana
{quote} They made a good job. So i appreciate... Thats all... I believe, that there are some more good brokers, but this kind of fairness Oanda proved is rare .
this is for now, let see how things will go on, i think bankrupcty will become normal word these days
  • #13,920
  • Jan 16, 2015 1:22am Jan 16, 2015 1:22am
brokers allowing chf pairs trading charge 7 to 15 spread on usdchf and eurchf, lucky to see the 5 rare times, worth to trade it?!!

anyone can confirm their broker spreads?
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