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  • #6,561
  • Jan 24, 2015 4:43pm Jan 24, 2015 4:43pm
Quoting Magix
THE AVERAGE TRADING VOLUME!!!
Stop lecturing me mate. As you have said, and also as I have said, not your trade.

Quoting Profit Daily
{quote} Yes to which part?
Yes to all parts. Sending your cash to offshore carries high operation risk. I feel safer at regulated broker.
"I know one thing, that I know nothing." Sokrates
  • #6,562
  • Jan 24, 2015 4:54pm Jan 24, 2015 4:54pm
My final thought and then I go away. The force majeure clause is in fxcm's contracts, and they advertise that they will limit your losses to the account balance on hand. These things are in conflict and create ambiguity for fxcm's clients. While I am not a lawyer, I know that it is fxcm's responsibility to be clear and unambiguous in there communications and operations. They have intentionally been ambiguous to obtain business from non professional retail traders. Find me a judge that upholds fxcm's force majeure claim, and I'll show you a judge who will soon be overturned on appeal. When they, and if they, ever try to collect, file a claim against them for misleading you into trading the forex. For the future, fxcm is a walking dead corporation. As long as you have money with them, you are at great risk.
  • #6,563
  • Jan 24, 2015 5:00pm Jan 24, 2015 5:00pm
Quoting Tom_D_Trader
Stop lecturing me mate. As you have said, and also as I have said, not your trade.
There must be some confusion here if you believe that was a lecture...

Me lecturing is assuming that I have either a stake in your claim or believe that I have the ability to impact your decisions.

Neither of which are true.

I've read enough press in the markets to be able to separate the flyshit from the pepper...in a traders forum, as long as you have your right to state your ideas on trading, I have the same rights to state my opposition.

End of day, you are trading your funds, I am trading mine...

Reasonable people, given reasonable information can make reasonable decisions.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,564
  • Jan 24, 2015 5:28pm Jan 24, 2015 5:28pm
Quoting Tom_D_Trader
{quote} Stop lecturing me mate. As you have said, and also as I have said, not your trade. {quote} Yes to all parts. Sending your cash to offshore carries high operation risk. I feel safer at regulated broker.
Ok, so let's say we both have $10K forex account for simplicity sake. I only need to put $1K with offshore broker to execute the same size trades as you, the other $9K stays in my bank until if/when needed. Who has more operational risk?
  • #6,565
  • Jan 24, 2015 5:37pm Jan 24, 2015 5:37pm
Are fxcm uk accounts in a segregated account? Are the funds guaranteed?
  • #6,566
  • Jan 24, 2015 5:55pm Jan 24, 2015 5:55pm
Quoting Profit Daily
{quote} Ok, so let's say we both have $10K forex account for simplicity sake. I only need to put $1K with offshore broker to execute the same size trades as you, the other $9K stays in my bank until if/when needed. Who has more operational risk?
I know this was addressed to Tom, but I'll take a stab. The obvious answer here would be "Well, I only have $1k deposited and that's all they can take from me versus the $10k I'd have to deposit at home. So the offshore guys." But the other thing that isn't being considered is that reputable offshore brokers aren't accepting US clients, so that makes the discussion of the risk of depositing with them largely irrelevant. Some of us aren't interested in depositing our money with Somali FX, Ltd.
  • #6,567
  • Jan 24, 2015 6:00pm Jan 24, 2015 6:00pm
Quoting Kanzler
{quote} I know this was addressed to Tom, but I'll take a stab. The obvious answer here would be "Well, I only have $1k deposited and that's all they can take from me versus the $10k I'd have to deposit at home. So the offshore guys." But the other thing that isn't being considered is that reputable offshore brokers aren't accepting US clients, so that makes the discussion of the risk of depositing with them largely irrelevant. Some of us aren't interested in depositing our money with Somali FX, Ltd.
The reputable offshore brokers can't accept US clients due to the NFA over extending its authority beyond US borders. The unregulated stay unregulated simply to do business with US clients.
  • #6,568
  • Jan 24, 2015 6:05pm Jan 24, 2015 6:05pm
Quoting Profit Daily
{quote} The reputable offshore brokers can't accept US clients due to the NFA over extending its authority beyond US borders. The unregulated stay unregulated simply to do business with US clients.
I know but I'm just explaining why it's a moot point. Without FXCM options for US traders is significantly reduced. The remaining houses are ones I'd only consider if FXCM goes out of business and I have no choice left.
  • #6,569
  • Jan 24, 2015 6:07pm Jan 24, 2015 6:07pm
Quoting Kanzler
Some of us aren't interested in depositing our money with Somali FX, Ltd.

I don't want to seem like I'm bragging here, Kanz...but I am in regular contact with several members of the Royal family in Nigeria. We email all the time and I think we're all pretty tight right now...

As they are holding several millions of dollars for me, I can see if I can pull a few strings and get something going by way of a reputable offshore for ya.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,570
  • Jan 24, 2015 6:10pm Jan 24, 2015 6:10pm
Quoting Magix
{quote} I don't want to seem like I'm bragging here, Kanz...but I am in regular contact with several members of the Royal family in Nigeria. We email all the time and I think we're all pretty tight right now... As they are holding several millions of dollars for me, I can see if I can pull a few strings and get something going by way of a reputable offshore for ya.
Oh man I'm so grateful how can I ever repay you?
  • #6,571
  • Jan 24, 2015 6:13pm Jan 24, 2015 6:13pm
Quoting Magix
{quote} I don't want to seem like I'm bragging here, Kanz...but I am in regular contact with several members of the Royal family in Nigeria. We email all the time and I think we're all pretty tight right now... As they are holding several millions of dollars for me, I can see if I can pull a few strings and get something going by way of a reputable offshore for ya.
where can i find what you've been smoking, man?

just breath my friend, stay in bed and you'll be fine!
  • #6,572
  • Jan 24, 2015 6:33pm Jan 24, 2015 6:33pm
Quoting hatzius
{quote} where can i find what you've been smoking, man? just breath my friend, stay in bed and you'll be fine!
My reputation at the factory is all about helping...

For me, my friend, it's all about hugs, not drugs..

I say that barely being able to see my keyboard through a pair of well placed whiskey glasses...but this too is another story.

I will tell the Nigerian Royal family that Me n Kanz are in, and will drop your nick as a fence sitter.

Who else is down?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,573
  • Jan 24, 2015 6:45pm Jan 24, 2015 6:45pm
Quoting Magix
{quote} My reputation at the factory is all about helping... For me, my friend, it's all about hugs, not drugs.. I say that barely being able to see my keyboard through a pair of well placed whiskey glasses...but this too is another story. I will tell the Nigerian Royal family that Me n Kanz are in, and will drop your nick as a fence sitter. Who else is down?
i love you too!


i'm just sad that you didn't find a better deal than leucadia for fxcm!

nigeria, hello00oo!...

i wouldn't have withdrawn so much money these days.
  • #6,574
  • Jan 24, 2015 7:01pm Jan 24, 2015 7:01pm
Quoting hatzius
i'm just sad that you didn't find a better deal than leucadia for fxcm!

I like where you are headed with this...but maybe not so much on the lending side as a purchase acquisition.

With an aggressive mandate and strength of a board of directors, being the Nigerian Royal family...by the time March rolls around we should be able to acquire FXCM for share prices that are a mere fraction of the cost of these penis enlargement pills I got into on a group buy...PS, they don't work, don't go in on one of these.

Smart and cunning you are, my friend.

I am upping your status from Fence Sitter to board member!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,575
  • Jan 24, 2015 7:11pm Jan 24, 2015 7:11pm
Quoting Magix
{quote} I like where you are headed with this...but maybe not so much on the lending side as a purchase acquisition. With an aggressive mandate and strength of a board of directors, being the Nigerian Royal family...by the time March rolls around we should be able to acquire FXCM for share prices that are a mere fraction of the cost of these penis enlargement pills I got into on a group buy...PS, they don't work, don't go in on one of these. Smart and cunning you are, my friend. I am upping your status from Fence Sitter to board member!

:-))))
have fun!


i implore everyone here to stop pontificating on all this nonsense like delisting and it's the end of the world, or posting adds for other brokers (or personal agenda).
let's keep this crap to a minimum and this thread, if it has some life ahead, useful.
some of us are still trading with fxcm.
thanks!
  • #6,576
  • Jan 24, 2015 7:34pm Jan 24, 2015 7:34pm
Quoting hatzius
{quote} :-)))) have fun! i implore everyone here to stop pontificating on all this nonsense like delisting and it's the end of the world, or posting adds for other brokers (or personal agenda). let's keep this crap to a minimum and this thread, if it has some life ahead, useful. some of us are still trading with fxcm. thanks!
I still intend on buying a limited number of shares myself, even if it is high risk. I want this company to survive.
  • #6,577
  • Jan 24, 2015 7:39pm Jan 24, 2015 7:39pm
Quoting hatzius
i implore everyone here to stop pontificating on all this nonsense like delisting and it's the end of the world, or posting adds for other brokers (or personal agenda). let's keep this crap to a minimum and this thread, if it has some life ahead, useful. some of us are still trading with fxcm. thanks!

Posting ads and personal agendas have rarely served any forum of public opinion.

However, as stated, reasonable people, given reasonable information can make reasonable decisions.

There is an innate problem with the media in general. We tend to focus on the bad, while watching Television shows and Movies where the underdog is always the victor.

Everybody loves a happy ending...

Sad truth is, in reality, these are few and far between.

Pontificating FXCM was the design of this thread as a generality, and the possibilities that I have posed are leaning more to probables.

Discounting any relevant opinion is being remiss in your due diligence and this potentates outcomes that are typically not in your favor. A broker who has been forced to necessitate a Forced Majeure clause and leaned so far as to claw back funds from accounts held by others who have a primary account status in a negative balance, request funds be sent to them, that goes against one of their most publicly advertised stipulations of "Not Enforcing a Negative Balance", leaves us to only speculate to the depths of their disparity and antics for recuperation.

As much as I have stated that I do not wish to post any further on this topic, my attempts at adding a little levity to the situation have seemingly taken away from the larger picture.

Whipping a crowd into a frenzy is not the point, however encouraging a healthy discussion about probabilities, is.

Let's not get confused here, people.

The safest place for your money right now is underneath your mattress.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,578
  • Jan 24, 2015 7:53pm Jan 24, 2015 7:53pm
Quoting Kanzler
{quote} I still intend on buying a limited number of shares myself, even if it is high risk. I want this company to survive.
~investors in Enron, Bre-x, Nortel....

It ain't the home team you should be rootin for here, Kanz...it's your funds that you should be.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,579
  • Jan 24, 2015 7:54pm Jan 24, 2015 7:54pm
Quoting Magix
{quote} ~investors in Enron, Bre-x, Nortel.... It ain't the home team you should be rootin for here, Kanz...it's your funds that you should be.
I'm just going to throw a hundred or so in as a gamble. I do like a good gamble.
  • #6,580
  • Edited 8:16pm Jan 24, 2015 7:58pm | Edited 8:16pm
Quoting Kanzler
{quote} I still intend on buying a limited number of shares myself, even if it is high risk. I want this company to survive.

i want the same thing.
thanks for pointing out to all the cry babies in this thread that they are accusing fxcm for nothing!
fxcm bothered some of you with an email! and you're ranting nonstop about wall street thieves hunting you to your last penny.
they don't deserve this!
sad for losing your accounts? ok, that's sad! but you started to work with this kind of hypothesis, didn't you? that you would blow up your account somehow or that something catastrophic event might happen one day. and you just reached that point!!! if you're a good trader, you'll stick to the big picture: you'll grab some money and start trading again! you'll make it back and much more! so why blame fxcm for money they didn't force you to pay back? being on the other side of the flip, i really want fxcm to take some money back from you, and survive. i don't know if it's possible, which would make you even less entitled to complain.
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