CHF move as a broker "Stress Test" - Which tried to honor SL's? | Page 5 | Forex Factory

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CHF move as a broker "Stress Test" - Which tried to honor SL's?

  • #81
  • Jan 16, 2015 6:21am Jan 16, 2015 6:21am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
In fact the purpose of that CHF news was to clean/clear the brokers world
MT4/MT5 EAs/Indicators/Alerts coder
  • #82
  • Jan 16, 2015 6:24am Jan 16, 2015 6:24am
Quoting FerruFx
In fact the purpose of that CHF news was to clean/clear the brokers world
I think you're right. They knew it will cause an earthquake.
On my way to financial independence - if others can do it - I can do it
  • #83
  • Jan 16, 2015 6:25am Jan 16, 2015 6:25am
Quoting FerruFx
In fact the purpose of that CHF news was to clean/clear the brokers world
this is the only purpose. ouh, the only viable purpose rite
  • #84
  • Jan 16, 2015 6:29am Jan 16, 2015 6:29am
I think fxcm is in very bad trouble also. The latest news release and the vague nature of the chat I just had with an agent makes me very unsure of their future.
  • #85
  • Jan 16, 2015 6:30am Jan 16, 2015 6:30am
Quoting FerruFx
In fact the purpose of that CHF news was to clean/clear the brokers world
What do they stand to gain from obliterating the Broker's world?
What's the conspiracy theory?
Let it turn and find your entry.
  • #86
  • Jan 16, 2015 6:31am Jan 16, 2015 6:31am
Quoting OMGtrader
{quote} mean they cannot shore up their reserves needed per regulation set aside for operational use. They are forced to shut down.
its like bankruptcy??? I cant withdraw my balance?!!!!!!!!!
  • #87
  • Jan 16, 2015 7:02am Jan 16, 2015 7:02am
I wanted to trade with my Alpari demo account this morning and wondered, why nothing worked. Than I saw the news about insolvency. Luckily I didn't deposit at that point. I am with Admiral Markets and IC Markets and they seem not to have big trouble. I also thought about trying out FXCM. 2 of my favourite broker seem to have gone.
  • #88
  • Jan 16, 2015 7:22am Jan 16, 2015 7:22am
SO far how many companies are gone?
  • #89
  • Jan 16, 2015 7:33am Jan 16, 2015 7:33am
Quoting calderone
I think fxcm is in very bad trouble also. The latest news release and the vague nature of the chat I just had with an agent makes me very unsure of their future.
Yeah the stock is going to be under 1 dollar soon probably.
  • #90
  • Jan 16, 2015 7:40am Jan 16, 2015 7:40am
Quoting keziahpie
SO far how many companies are gone?
From what iv seen
1. Alpari UK
2. Excel Market Nz
3. Global Brokers NZ Ltd
4. FXCM soon

any more?
  • #91
  • Jan 16, 2015 7:58am Jan 16, 2015 7:58am
Quoting thodie
had a long from 12.01.2015 with slippage of the SL 2 pip as it was set to the short pending trigger price short pending execution to the pip Broker Tickmill, previous Armada Markets. was my best pending trade overall. In average Pip per minute The data feed is already posted by kosmo {image} {image}
http://www.tickmill.com/company-news...tility-eurchf/
with all skepsis of a broker regulated in the seychelles. They did a good job on my short as posted earlier.thumbs up!
just do it
  • #92
  • Jan 16, 2015 7:59am Jan 16, 2015 7:59am
Quoting Forexia
{quote} OMG! Just don't let all the traders who went into negatives see this. They are going to cry over this. Your sell price was exactly their buy price. Your gain was exactly their losses. But congrats!
thanky you but it was just lucky, if they don´t fill my SL and trigger my short pending i would be in deep red like many others
just do it
  • #93
  • Jan 16, 2015 8:12am Jan 16, 2015 8:12am
*interactive brokers says amts about $120m
*interactive brokers says customers suffered losses over deposit
*interactive brokers:amounts less than 2.5% of net worth
  • #94
  • Jan 16, 2015 8:43am Jan 16, 2015 8:43am
Could anyone please advice on any idea's of reclaiming my trading profit fom etxcapital.co.uk? I won / gained capital from the chfjpy forex trade yesterday, Triggering my trade on a technical level (to BUY £2 @ 115.725 - exiting at 133.620) in anticipation of a bullish market.

And due to the making /news of the swiss govt or banks, it spiked in the bullish direction (chfjpy).

However to my utmost dismay, the broker etx capital took back my capital gains in thousands of £'s today.

Could anyone please advice on an effective procedure to reclaim this legitimately won (chfjpy) capital gain from etx capital?

You advice is highly appreciated in advance. Thanks
  • #95
  • Jan 16, 2015 8:48am Jan 16, 2015 8:48am
as for interactive brokers, i read in another forum that clients in the red are bound to pay their margin call
  • #96
  • Jan 16, 2015 8:54am Jan 16, 2015 8:54am
Quoting thodie
{quote} http://www.tickmill.com/company-news...tility-eurchf/ with all skepsis of a broker regulated in the seychelles. They did a good job on my short as posted earlier.thumbs up!
Hi Thodie, I wonder if you could tell me if tickmill has a no negative balance policy.
  • #97
  • Jan 16, 2015 9:02am Jan 16, 2015 9:02am
Quoting flametrain
Could anyone please advice on any idea's of reclaiming my trading profit fom etxcapital.co.uk? I won / gained capital from the chfjpy forex trade yesterday, Triggering my trade on a technical level (to BUY £2 @ 115.725 - exiting at 133.620) in anticipation of a bullish market. And due to the making /news of the swiss govt or banks, it spiked in the bullish direction (chfjpy). However to my utmost dismay, the broker etx capital took back my capital gains in thousands of £'s today. Could anyone please advice on an effective procedure to reclaim this...
"Order Execution: All your Trades are with ETX Capital as counterparty. Trading parameters as to any minimum and maximum sizes that are accepted and our hours of normal trading, together with other key information (example: margin requirements), are detailed for all Markets on our trading platform or upon request to Client Support."

You can kiss goodbye to your trade profits. Market makers, looks like they took a hit on your long CHF position and didn't hedge the risks.

Please spend time going through the legal links here: http://www.etxcapital.co.uk/legal/ and see if it is mentioned in their T&C's
  • #98
  • Jan 16, 2015 9:07am Jan 16, 2015 9:07am
Look, let's be honest here.

It was not the brokers fault if they executed 1000 pips away from your stop because it is indeed a market order. Where even hedge funds using FX prime brokerage by Citi Bank were executed 1000 pips away. It's not the brokers fault in this event to be very honest.

And I'll be honest, I have heard and read a court case file against a UK broker where they were stop hunting at 10PM London time, 40 pips away from the market price! So i think it's even more dodgy if people executed you at the SL, it's impossible!
  • #99
  • Jan 16, 2015 9:20am Jan 16, 2015 9:20am
Quoting covetousrat
{quote} From what iv seen 1. Alpari UK 2. Excel Market Nz 3. Global Brokers NZ Ltd 4. FXCM soon any more?
Global Brokers and Excel Markets are one; Excel Markets is an affliate of Global Brokers. Alpari is gone too??!!! OMG!!! FXCM AND Alpari??!!! They are the two BIGGEST retail fx brokers out there. Oh no, this is REALLY not good for the retail forex industry.
Make your losses in demo. Earn your profits live.
  • #100
  • Jan 16, 2015 9:32am Jan 16, 2015 9:32am
Quoting thodie
short pending execution to the pip Broker Tickmill, previous Armada Markets. was my best pending trade overall. In average Pip per minute The data feed is already posted by kosmo
Sounds like good news thodie, even if the 'luck' factor played a role here.

Interesting how Tickmill's live feed is similar to LMAX, both have servers in London. Pics from here and here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHFM1tickmill.png Size: 24 KB
Click to Enlarge Name: lmax.png Size: 14 KB
mind over matter
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