Cool stuff. Thanks

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Thanks Harris!

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I seriously doubt FXCM will have the ability to fix their US client’s accounts anymore. Which investors would risk putting more money in at this time?

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I didn’t even have a chance to ask my money back, they just keep chasing me to put more money in. They even sent emails to me few hours ago saying they reserve the right on further legal actions

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Fxcm rang me three times today asking me to put money to balance my negative acc. I told them to piss off. I think they did tell people they will correct the negative account yesterday but when they realized the lost is 225 million this morning, ...

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FXCM's Australian branch. Regulated by ASIC

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Hi Mate, Could you please explain a bit more in Australia’s case? If the court is the only decider here in Australia, what does it mean to us and the brokerage firm? Thanks

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And whoever thinks this is a simple black and white case is in kindergarten. There are too many things and facts retail clients can use to defend our rights. Who would believe brokers don’t have responsibilities? FXCM just admitted on the news that ...

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Another good point.

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I think the first thing we should recognize is that each country has different regulation. There is no broker who can use the same contract for all countries in the world. I am based in Australia. And we all need to do our own home works now.

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Done in batches doesn’t mean court can execute broker’s clam straight away (unless you’re in some third world African country). Retail clients will also hire their own lawyers and believe me it will take years.

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Bucket shops DO have the legal right to claim back our negative balance, especially those who stated loss could be bigger than initial deposit. Again, this is real money and all legally bounded. You could argue with them or threaten them by exposing ...

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From my knowledge. It is extremely difficult and complex for brokage firms to raise law suit against countless retail clients. Because it is very costly and time consuming. It may take years to resolve. Just imagine how many lawyer hours they need ...

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Brokers who insists clients balancing their negative account is in deep financial stress. Otherwise no broker would ask their clients to balance it off in order to maintain reputation and keep customer base. So, for those who still have funds in ...

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Guys, Don’t trust any brokers now. Withdrawal all your funds and let things settle for a while.

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Hi guys. For those of you using FXCM and has been asked to remit funds to balance the negative acc. Feel comfortable to ignore them. Today’s news indicated very clearly they are now undercapitalized and is negotiating to the regulators in order to ...

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agree

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because swiss trades mostly with europe, i think 70~80% if i remember

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I will feel a bit uncomfortable holding EUR/CHF longs if Spain fails.....anyone feeling the same way?

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sorry, I meant short risky assets this week, not EUR/CHF

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