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- barkie replied Jan 27, 2015
Fascinating Jenny! When did you see negative balances before January 15th ? (Oanda or any other broker)
OANDA Discussion
- barkie replied Jan 27, 2015
Never seen negative balances the last 10 years that i am trading and definitely not at Oanda. What crappy broker are you with ?
OANDA Discussion
- barkie commented Jan 26, 2015
Can you hear it ring It makes you wanna sing It's such a beautiful thing--LI KASHING! Lots of diamond rings The happiness it brings You'll live like a king With lots of money and things
Asia's Richest Man Has Seen the Future and It's in Europe
- barkie replied Jan 24, 2015
Depends on what kind of broker you have. This explains it quite well imo url
Is it possible to avoid getting wiped out by a move like SNB?
- barkie commented Jan 24, 2015
Because LPīs didnt provide any quotes FXCM couldnīt close these trades. But thatīs their problem. FXCM advertised with a "No debit balance policy". For example url Moreover, FXCM never mentioned a "Force Majeure event" clause in itīs product ...
FXCM letter to clients to repay negative balances
- barkie replied Jan 23, 2015
Very strong evidence, as clear as it gets. Based on this official document any sane person would think there is no chance there potentially will be a debt. They donīt stand a chance.
FXCM Discussion
- barkie replied Jan 23, 2015
That doesnīt mean shite. If I sell a vacuum cleaner and advertise with a 2 year guarantee under all circumstances and you buy it from me you have a 2 year guarantee. Even if there is in the general terms and conditions just a half year guarantee. ...
FXCM Discussion
- barkie replied Jan 23, 2015
A judge will look to many aspects like how did FXCM communicate, is this a force majeure then why 99 percent had not these problems ant it will apply this rule to reasonableness and fairness and so on. Lets say someone with a 5k account has now a ...
FXCM Discussion
- barkie replied Jan 23, 2015
Horrible advice mate, horrible ! In FXCMīs policy of no debit balances is stated "At FXCM, your maximum your risk of loss is limited by the amount in your account". FXCM advertised with this to attract customers everywhere they had the opportunity ...
FXCM Discussion
- barkie replied Jan 22, 2015
In this scenario when some CB does a swissie again, negative balances would be much larger than 225 million because account balances would be much faster at zero.
FXCM Discussion
- barkie replied Jan 22, 2015
Thatīs probably because the spread went up. Some experienced a 1500 pip spread or more. Then the bid is hundreds of pips lower than the actual price.
IC Markets Price Discrepancy
- barkie replied Jan 21, 2015
Then the plug would be automatically pulled after 100 pips or so amid this volatility. You should know this because when FXCM was a mm you always took care of a frozen platform at big news announcements. Point is, you ECN brokers canīt do anything ...
FXCM Discussion
- barkie commented Jan 20, 2015
Now the BOJ is really going to feel the heat to debase the Yen even more because Abenomics will only succeed when exports keep growing. Then other export dependent regions (EU, China) need to debase even more as wel to prevent the mother of all ...
Will China be the next forex peg to break?
- barkie replied Jan 17, 2015
You obviously donīt get it Fool, if you were in a CHF trade last thursday you risked your account and more NO MATTER where you placed your stops. In this case there is no risk management other than not trading any CB manipulated pairs at all. ...
Forex changed forever!
- barkie replied Jan 16, 2015
Of course it does, all this plays directly into the hands of the CFTC who wanted to maximize leverage 1:10 a couple of years ago but went along with 1:50.
FXCM Discussion
- barkie commented Jan 16, 2015
For starters place a withdrawal request for your account balance.
Alpari (UK) Important announcement - entered into insolvency
- barkie commented Jan 16, 2015
FXCM will credit these accounts to a zero balance thatīs why they have now a 225 million problem.
FXCM Comments on Swiss Franc Movement - cannot meet capital requirements
- barkie replied Jan 16, 2015
Check the link in my previous post, Oanda has an excess capital of 57 mil while a lower net capital requirement than FXCM while FXCM has only 14 mil excess capital. Point is Oanda has a much larger buffer than FXCM or Gain capital. Something to ...
FXCM Discussion
- barkie replied Jan 16, 2015
FXCM has imo a big problem check out latest US cftc data they have only roughly 14 mil excess capital so these losses because of clients negative equity can not be covered. url
FXCM Discussion
- barkie commented Jan 15, 2015
I shorted USDCHF before this happened but on my Oanda platform price is stuck at 98 while it is at 73 according to Dow Jones news.
Swiss National Bank discontinues minimum exchange rate, lowers interest rate to 0.75%