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- tim10167 replied Jan 29, 2015
I here tell everyone from my friend's situation above. FXCM will go after anyone who they think is worth it. They wont give a shxx to retail regulatory law in different jurisdiction. Australian is like UK where retail client's law is extremely ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
Got permission from my friend to post his email. He received this notice from FXCM 24 hours after FXCM announced to forgave client's negative balance. FXCM is a big lye. My friend is a genuine RETAIL client in Australia who protected by ASIC's ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
IMPORTANT MESSAGE REGARDING YOUR FXCM TRADING ACCOUNT(S): XXXXXXXX Dear XXX, Please be advised that you currently hold a negative balance of (USD XXX) in your FXCM account(s). The terms of your master trading agreement entered into with FXCM, ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
I got hard evidence. It was an email sent by FXCM few hours ago. But I need to check whether my friend is welling to post the letter on this forum
FXCM Discussion
- tim10167 replied Jan 29, 2015
Guys, just noticed a friend of mine who is a FXCM's Australian retail client just received an emil from FXCM claiming negative balance with a deadline of early February. This happened 24 hours after the negative balance announcement. FXCM is lying ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
I felt really sick by FXCM's latest negative balance statement because they seem to still wanting to chase retail clients who have high net worth. This is a clearly breach of regulatory law in many jurisdiction where the law clearly differentiate ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
Hi outplayThe misconduct by FXCM toward retail client is very obvious in many jurisdiction. Collect all the evidence you can and let your government drive FXCM out of business.
FXCM Discussion
- tim10167 replied Jan 29, 2015
Hi Outplay. Firstly, I think FXCM's statement is fraud because if FXCM were a honest company, they should distinguish what they will or will not claim by whether the client is a retail or sophisticated client, not client's worth. Because In many ...
FXCM Discussion
- tim10167 replied Jan 29, 2015
Hi, which country did you register your account at and are you a retail client?
FXCM Discussion
- tim10167 replied Jan 20, 2015
I was with FXCM and that’s all I can disclose about my case now. Wish you good luck.
EUR/CHF
- tim10167 replied Jan 20, 2015
To my fellow trader friends based in Australia: I recently logged an ASIC (Australian Securities & Investment Commission) claim and the progress is very positive. I couldn’t say much more about my case because it is confidential at the moment but I ...
FXCM Discussion
- tim10167 replied Jan 20, 2015
If stop loss failed and the slipperage goes down in a big way that caused you abnormal losses. I encourage you to report as well. Because from the regulator’s perspective, they demand brokers to have various measures in place to provide a more ...
FXCM Discussion
- tim10167 replied Jan 19, 2015
Your spot on, because there are so many people so stupid by eating McDonalds every day and still wanted to sue McDonalds. That’s why government should regulate McDonalds to stop providing junk food whenever people get too fat. Like how Forex.com ...
EUR/CHF
- tim10167 replied Jan 19, 2015
Are you saying it’s good for the cigarette companies to encourage people to smoke as much as people want as long as these companies comply with the government regulation? Did you see how governments banned cigarette companies’ advertisement ...
EUR/CHF
- tim10167 replied Jan 18, 2015
To whoever based in Australia and got hurt by FXCM. You can now make complaint to ASCI (Australian Securities $ Investment Commission)à url It clearly stats: Borrowing money: People who provide you with credit or consumer leases must be licensed ...
FXCM Discussion
- tim10167 replied Jan 18, 2015
To whoever based in Australia and got hurt by FXCM. You can now make complaint to ASCI (Australian Securities $ Investment Commission)à url It clearly stats: Borrowing money: People who provide you with credit or consumer leases must be licensed ...
EUR/CHF
- tim10167 replied Jan 18, 2015
Brokers with loss and want to claim their money back may have their say about stops not guaranteed. But it is also very difficult for them to defend the fact that they have constantly persuade regulators around the world to allow them increase ...
EUR/CHF
- tim10167 replied Jan 17, 2015
Guys, I strongly recommend all traders to pull your funds out of FXCM even after the 300million rescue. FXCM’s business is 100% concentrated in the forex business unlike other bigger diversified groups such as CitiFx and E*Trade. This means with the ...
EUR/CHF
- tim10167 replied Jan 17, 2015
Guys, I strongly recommend all traders to pull your funds out of FXCM even after the 300million rescue. FXCM’s business is 100% concentrated in the forex business unlike other bigger diversified groups such as CitiFx and E*Trade. This means with the ...
EUR/CHF
- tim10167 replied Jan 17, 2015
Agree. FXCM’s business is 100% concentrated in the forex business unlike other bigger diversified groups. This means with the number of client’s flight out expected in the comings weeks and months. To pay back 300 million in two years’ time is ...
FXCM Discussion