Brokers chasing you for negative account balance | Page 17 | Forex Factory

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Brokers chasing you for negative account balance

  • #321
  • Jan 22, 2015 11:20pm Jan 22, 2015 11:20pm
Quoting Spili
{quote} Nearly every thread I open is spammed up with your crying. Please, stfu. It's not our fault you don't know what you're doing. Please stop subjecting us to your crap.
What's it to you? This is a forum for forex traders discussing issues pertaining to us. If you work for brokers or those liquidity f***er banks, you shouldn't be here or you should be labeled "Commercial Member".

If you don't like what I post, put me on "Ignore".
Make your losses in demo. Earn your profits live.
  • #322
  • Jan 22, 2015 11:28pm Jan 22, 2015 11:28pm
Quoting Forexia
If you don't like what I post, put me on "Ignore".

That's the best idea you've had yet. Thanks, didn't realise I could.

edit: done. ahhhh.... that's better.
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #323
  • Jan 23, 2015 12:34am Jan 23, 2015 12:34am
How much you lost, Forexia?
  • #324
  • Jan 23, 2015 12:43am Jan 23, 2015 12:43am
Quoting Spili
{quote} That's the best idea you've had yet. Thanks, didn't realise I could. edit: done. ahhhh.... that's better.
Haha, I knew you'd give up him eventually. He needs to learn some new songs.
  • #325
  • Jan 23, 2015 12:43am Jan 23, 2015 12:43am
Quoting kalastaja
How much you lost, Forexia?
Classified information. On a need-to-know basis.

You?
Make your losses in demo. Earn your profits live.
  • #326
  • Jan 23, 2015 12:44am Jan 23, 2015 12:44am
Quoting Greeny
{quote} Haha, I knew you'd give up him eventually. He needs to learn some new songs.
Yup 3 trolls gone! 7 to go!
Make your losses in demo. Earn your profits live.
  • #327
  • Jan 23, 2015 12:54am Jan 23, 2015 12:54am
Quoting Forexia
{quote} Classified information. On a need-to-know basis. You?
I did not trade that or any other CHF pair that day.
  • #328
  • Jan 23, 2015 1:11am Jan 23, 2015 1:11am
Quoting kalastaja
{quote} I did not trade that or any other CHF pair that day.
Good for you!
Make your losses in demo. Earn your profits live.
  • #329
  • Jan 23, 2015 3:58am Jan 23, 2015 3:58am
Sorry, this is a repost from the FXCM thread, but suitable here as well...

So FXCM have started to cover the negative balances from the positive balanced accounts, if a client has more than 1 account, and if 1 is positive and 1 is negative, and if there is still a difference, they will chase him. Based on their TaC, by "Act of God" (so Jordan has been promoted to god now!)

http://leaprate.com/2015/01/fxcm-let...tive-balances/
  • #330
  • Jan 23, 2015 4:18am Jan 23, 2015 4:18am
Quoting FxTyran
Sorry, this is a repost from the FXCM thread, but suitable here as well... So FXCM have started to cover the negative balances from the positive balanced accounts, if a client has more than 1 account, and if 1 is positive and 1 is negative, and if there is still a difference, they will chase him. Based on their TaC, by "Act of God" (so Jordan has been promoted to god now!) http://leaprate.com/2015/01/fxcm-let...tive-balances/
so it seem their 300 million army ( loan) already taking effect then. but still seems not yet reduce the chance of chasing event
  • #331
  • Jan 23, 2015 4:21am Jan 23, 2015 4:21am
Phonecall from Swissquote (more than one week after black thursday): They make all clients full responsible for the negative balances in their account, which means that I have to repay a lot of money!
  • #332
  • Jan 23, 2015 4:23am Jan 23, 2015 4:23am
Yeah, no big surprise to see them claim Force Majeur, I thought they'd pull that shit. Tenuous though, I'm not convinced that this is FM, would love to see them try and hold that one up in court.
"Risk comes from not knowing what you're doing." - Warren Buffett
  • #333
  • Jan 23, 2015 4:24am Jan 23, 2015 4:24am
Quoting Greeny
{quote} Haha, I knew you'd give up him eventually. He needs to learn some new songs.

"Risk comes from not knowing what you're doing." - Warren Buffett
  • #334
  • Jan 23, 2015 4:30am Jan 23, 2015 4:30am
Quoting Spili
Yeah, no big surprise to see them claim Force Majeur, I thought they'd pull that shit. Tenuous though, I'm not convinced that this is FM, would love to see them try and hold that one up in court.
Agree. FM is usually a natural disaster, and in no way man made (except of war). I don't think they stand a case there. But, class action suit is always stronger than just one on one fighting. And media support is always a must
  • #335
  • Jan 23, 2015 5:24am Jan 23, 2015 5:24am
Quoting freelancer
forexia, you are delusional... LP's stopped quoting? My quotes did not stop a second - spreads went up like 10-15 big figures, but hey that is the Market. And if you think someone else is to blame for your misfortune, blame the SNB as they were the one and only that created that mess and I am absolutely sure that prices fell down that further because of them - they needed a level to buy that will cover their 3 year losses of allowing you to take free money from their peg. And besides, no LP can give you a price that does not exist as below 1.0 there...
  • #336
  • Jan 23, 2015 5:33am Jan 23, 2015 5:33am
has anyone had contact with cmc, as to what they intend?
i've only seen the "justification for the adjustment" e-mail, but no demand for -ve balance settlement
what can they be thinking, planning, doing??
  • #337
  • Jan 23, 2015 5:35am Jan 23, 2015 5:35am
Hi guys, just saw this link on a website: http://fxnegativeaccounts.freeforums.net/. Those who suffered from SNB's decision should join so that we can prepare for battle.
  • #338
  • Jan 23, 2015 6:04am Jan 23, 2015 6:04am
SNB was clearly a market event not fm. When they advertise for years with no negative balance, they have to eat the loss.
  • #339
  • Jan 23, 2015 6:08am Jan 23, 2015 6:08am
On fxcm website:

Attached Image (click to enlarge)
Click to Enlarge Name: 23-01-2015 13-00-44.jpg Size: 418 KB


Dont PAY any broker who wants losses. They cant legally get your money. Also, if you have a credit card on file with them, cancel it with your bank, before they try and take it from that.
Forex rules
  • #340
  • Jan 23, 2015 6:10am Jan 23, 2015 6:10am
Quoting shrike
SNB was clearly a market event not fm. When they advertise for years with no negative balance, they have to eat the loss.
Well that's going to be the question for the courts. FXCM claim that negative balance from trading are forgiven, but FM events are on the client. It's going to be tough to argue that this is FM rather than from trading.

My feeling is that they are cornered on this one, but are going to lawyer up and hope for the best.
"Risk comes from not knowing what you're doing." - Warren Buffett
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