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  • #201
  • Jan 18, 2015 4:06pm Jan 18, 2015 4:06pm
There is no law preventing you from trading with non-US brokers. If a broker is regulated in another country the US strong arms them into not accepting US residents. However, there are still quite a few brokers who understand the US has no right to regulate outside of the US, just like no other country has that right, but for some reason the CFTC thinks they own the world. None of the brokers I use are regulated, as you can clearly see, being regulated only hurts the trader, it doesn't help. There is a thread on babypips.com titled going offshore to escape the CFTC, Clint there has been on this project for several years and you will find all the answers you need there.
  • #202
  • Jan 18, 2015 4:14pm Jan 18, 2015 4:14pm
Quoting ionutpopa
{quote} So a stop loss implies that when you buy Eur and sold Chf, in order to trigger that stop loss you need someone on the other end to buy your Eur and sell you the Chf. If there is nobody that can do that, you got nothing else to do than to hold your Euros until someone does. Because the drop was instantly from 1.2 to 1.0, there were no buyers along the way, so the broker could only "fill" your stop loss order at 1.0. Everybody had stops under 1.2, nobody had buys. If I have mistaken with anything please excuse and correct me
thanks for taking the time to explain .. so wow it must of been like lightning then ..
still would not let it deter anyone .. from continuing thats for sure
  • #203
  • Jan 18, 2015 4:15pm Jan 18, 2015 4:15pm
How come 'big established' brokers like Alpari UK, FXCM, FXPro, IG, Excel Markets, IB, Saxo Bank, SwiisQuote etc) suffered huge losses, whilst quite a lot of other brokers suffered very small losses or suffered no siginificant impact http://forexmagnates.com/forex-indus...-time-updates/ What is that the aforementioned brokers did or didn't do to cause them to suffer such huge losses? I am curious. Also, anybody got a list of brokers that will not pursue for negative balance when incidents like this occur?
  • #204
  • Jan 18, 2015 4:15pm Jan 18, 2015 4:15pm
Quoting stoplossmatt
{quote} i've purchased EUR/CHF 4 months ago at 1,2050 with stop-loss at 1,1950.. mr broker had 4 months to hedge against this SL..however on 15/1/15 SL was not triggered allthewat till 1,02...so instead of 1% loss I suffered much more...now i wait compensation from my broker...do you think i will get it?
no .. knowing how this market works thats a big no - but hey u can always try and see if they give some back ..
if ur in a tight spot then u got nothing to loose then try ..
  • #205
  • Jan 18, 2015 4:19pm Jan 18, 2015 4:19pm
Quoting Profit Daily
{quote} If my broker goes bust, I find a new one. The higher the leverage allowed, the less of my forex funds I have to place with the broker for margin. I never have more than 30% of my forex account at risk at any time, which I repeat is becauseI keep those funds in my own bank because I trade with 500:1 brokers. For every trade you want to execute in the US requiring $1,000 with the broker for margin, I put up $100 with my broker, keep the other $900 in my bank.
Look. I think we can all agree that brokers should not be going out of business due to them issuing higher leverage. In the end these losses will come back to the traders in the form of larger spreads. There are a number of big legit brokers in trouble namely Alpari and FXCM and that just shouldn't happen and if it does then something is wrong.
  • #206
  • Jan 18, 2015 4:20pm Jan 18, 2015 4:20pm
Earlier in the tread I suggested the experience/leverage model where the more years trading the more leverage you can use.

Another idea is the inverse margin/leverage model.

The less money in your account the more leverage you have.

10,000:1 leverage to accounts under 500 bucks !!

This way people will stop whining since they will be able to fulfill their dream of blowing one account per minute.
So, you think you have rights? LOL
  • #207
  • Jan 18, 2015 4:21pm Jan 18, 2015 4:21pm
Would one expect such a drastic move as happened with CHF to only occur during the business hours of that respective country/currency?
  • #208
  • Jan 18, 2015 4:25pm Jan 18, 2015 4:25pm
Quoting danjuma
How come 'big established' brokers like Alpari UK, FXCM, FXPro, IG, Excel Markets, IB, Saxo Bank, SwiisQuote etc) suffered huge losses, whilst quite a lot of other brokers suffered very small losses or suffered no siginificant impact http://forexmagnates.com/forex-indus...-time-updates/ What is that the aforementioned brokers did or didn't do to cause them to suffer such huge losses? I am curious. Also, anybody got a list of brokers that will not pursue for negative balance when incidents like this occur?
Go back a few pages to the UNDERSTANDING THE FXCM MARGIN CALL post.
So, you think you have rights? LOL
  • #209
  • Jan 18, 2015 4:36pm Jan 18, 2015 4:36pm
Quoting bfis108137
{quote} Look. I think we can all agree that brokers should not be going out of business due to them issuing higher leverage. In the end these losses will come back to the traders in the form of larger spreads. There are a number of big legit brokers in trouble namely Alpari and FXCM and that just shouldn't happen and if it does then something is wrong.

I sent you a pm
  • #210
  • Jan 18, 2015 4:48pm Jan 18, 2015 4:48pm
Quoting ForexOracle
Earlier in the tread I suggested the experience/leverage model where the more years trading the more leverage you can use. Another idea is the inverse margin/leverage model. The less money in your account the more leverage you have. 10,000:1 leverage to accounts under 500 bucks !! This way people will stop whining since they will be able to fulfill their dream of blowing one account per minute.
Your margin/leverage model already exists....no broker offers more than 1:100 leverage on 100k+ accounts, and i believe that on 500k+ leverage is reduced to 1:50 or 1:20

Your experience/leverage model is just plain stupid...why would someone need someone else's permission on how to use his money...?
  • #211
  • Jan 18, 2015 4:51pm Jan 18, 2015 4:51pm
Quoting ForexOracle
{quote} Go back a few pages to the UNDERSTANDING THE FXCM MARGIN CALL post.
Don't really feel like going back a few pages to read about margin call. Just curious why so many other brokers are 'business as usual', and these few 'big' ones suffered such losses!
  • #212
  • Jan 18, 2015 4:58pm Jan 18, 2015 4:58pm
In it's simplest terms....the market makers, theone's who trade against you , didn't get hurt, honored stops and forgave negative balances because they didn't have any exposure to the real market. The ecn's, the one's who have your interest in mind, got screwed as they pass client orders to their lp's. So, now, ironically, everyone thinks the scam brokers who hunt your stops, widen your spreads, freeze the platform, etc. ARE HE GOOD GUYS. lol. People are so clueles it's no wonder they think they need to babysit us.
  • #213
  • Jan 18, 2015 5:00pm Jan 18, 2015 5:00pm
Anyone curious as to why forex.com made a profit on the day. lol
  • #214
  • Jan 18, 2015 5:08pm Jan 18, 2015 5:08pm
I'm really curious to know if any more bodies will float this week.

I'm starting to believe the SNB unexpected move was to wipe out speculators.
So, you think you have rights? LOL
  • #215
  • Jan 18, 2015 5:22pm Jan 18, 2015 5:22pm
MM capitalizing on retail traders naiveness.
Attached Image (click to enlarge)
Click to Enlarge Name: Oanda.jpeg Size: 221 KB
So, you think you have rights? LOL
  • #216
  • Jan 18, 2015 5:23pm Jan 18, 2015 5:23pm
The reality is more like this one here!!
Attached Image
So, you think you have rights? LOL
  • #217
  • Jan 18, 2015 5:42pm Jan 18, 2015 5:42pm
Quoting ForexOracle
MM capitalizing on retail traders naiveness. {image}

Exactly what I'm trying to point out. The brokers who play the most tricks on you to get your money now look like the heroes. The more I see how clueless everyone really is, the more I am starting to understand why they think they need to protect us. 80% of the people on here really shouldn't be trading forex.
  • #218
  • Jan 18, 2015 5:44pm Jan 18, 2015 5:44pm
By the way, I made a withdrawal request from my unregulated broker on Friday late afternoon, just got confirmation e-mail and the wire will be in my bank on Tuesday, only because tomorrow is bank holiday in US
  • #219
  • Jan 18, 2015 5:58pm Jan 18, 2015 5:58pm
Quoting Profit Daily
{quote} Exactly what I'm trying to point out. The brokers who play the most tricks on you to get your money now look like the heroes. The more I see how clueless everyone really is, the more I am starting to understand why they think they need to protect us. 80% of the people on here really shouldn't be trading forex.
Forex will never be the same because of what happened Thrusday.

We may not see the changes tomorrow or next week but it is coming.

ECNs will change because their relations with LP will change.

Their risk management will include what they learned from Thursday.

The CFTC and NFA will be able to speed up new regulations.

People are using the flash crash as a reason why things will not change.

But the flash crash was an equities thing.

Equities are already heavily regulated.

Compared with equities , forex is not regulated at all.

So the legacy of the SNB, may be a more regulated foreign exchange market!!
So, you think you have rights? LOL
  • #220
  • Jan 18, 2015 5:59pm Jan 18, 2015 5:59pm
Quoting Profit Daily
In it's simplest terms....the market makers, theone's who trade against you , didn't get hurt, honored stops and forgave negative balances because they didn't have any exposure to the real market. The ecn's, the one's who have your interest in mind, got screwed as they pass client orders to their lp's. So, now, ironically, everyone thinks the scam brokers who hunt your stops, widen your spreads, freeze the platform, etc. ARE HE GOOD GUYS. lol. People are so clueles it's no wonder they think they need to babysit us.
But some of these guys (Alpari UK, FXCM, FXPro, IG, Excel Markets, IB, Saxo Bank, SwiisQuote ) are MMs, aren't they?
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