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FXCM Discussion

  • #6,741
  • Jan 27, 2015 1:05am Jan 27, 2015 1:05am
Quoting xy76
{quote} The difference between John Q and Mr Big Shark of the Wall Street is just quantity. Principia remain the same.Guns are easy to control by pretty much everyone. The same cannot be said about 250 km/h car being driven on a twisty B-road on a frosty day.What do they say? The freedom of one's fist ends half an inch from the tip of my nose.
Astronomical doesn't touch the magnitude of impossibility of collusion of the entirety of retail forex having an impact a fraction of the size of what the SNB was able to accomplish in 12 minutes, little alone the length of time it took for the global economical collapse of 2008.

Your argument is invalid.

The driver of the car going 250Kmh on a twisty icy road is aptly and timely destined to be nominated for a Darwin Award.

How large is the vortex around your nose that it would no longer allow me the freedom of my fist?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,742
  • Jan 27, 2015 1:08am Jan 27, 2015 1:08am
Quoting digger1
{quote} Lol, just the ones GS tells him to make
The house has new curtains and a few new names, but the faces are remarkably the same.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,743
  • Jan 27, 2015 1:46am Jan 27, 2015 1:46am
I am in Australia I put in a withdrawal request on the Friday and my funds were returned the following week.
The Sydney office and Terry Panigiris have been excellent and emailed me some info for Australian clients hope this helps hopefully the current 50-1 will be increased soon !


http://www.forextrading.com.au/advan...fety-of-funds/


best John
  • #6,744
  • Jan 27, 2015 6:32am Jan 27, 2015 6:32am
http://www.forexfactory.com/news.php?do=news&id=523743

FXCM may wipe out negative balances
GBP/USD
  • #6,745
  • Jan 27, 2015 9:14am Jan 27, 2015 9:14am
May I ask anyone here have the latest news on the fxcm negative balance and the news of them )
  • #6,746
  • Jan 27, 2015 12:01pm Jan 27, 2015 12:01pm
Update.
Attached Image

http://forexmagnates.com/fxcm-inc-un...ient-funds-25/
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #6,747
  • Jan 27, 2015 12:27pm Jan 27, 2015 12:27pm
Same account ,same date , different margins on MT4 and TS2

Am I missing something here ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SS TS2.jpg Size: 182 KB
Click to Enlarge Name: SS MT4.jpg Size: 121 KB
  • #6,748
  • Edited 12:48pm Jan 27, 2015 12:38pm | Edited 12:48pm
Quote
An SEC 4-K form filing, revealed that former FXCM Inc Chief Dealer, Michael Romersa, has sold his last 363,807 shares on the 22nd of January in the aftermath of the release of the details of the agreement between FXCM and Leucadia.
Client Negative Balances Developments

Quote
Despite what some pundits may claim,
Quote
the company is within its full right to treat the situation as force majeure and applying the legal clause mentioned in the client agreement. -

So, for those of you who are still interested in buying the stock, you may want to wait until Michael Romersa decides to reload his shares. As he is on the Inside of things, and liquidated what would be around a cool million dollars worth of his company shares, leaving him with a big FAT 0, invested in the company...following his lead seems prudent.

Additionally, The company being within its full right to treat the situation as force majeure, doesn't seem to have the same calming effect of what the French traders have allegedly received by way of phone calls about FXCM absorbing the losses on negative balances.

Still ready to take one for the team?

Because...

They aren't!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,749
  • Jan 27, 2015 12:49pm Jan 27, 2015 12:49pm
Quoting Magix
{quote} {quote} So, for those of you who are still interested in buying the stock, you may want to wait until Michael Romersa decides to reload his shares. As he is on the Inside of things, and liquidated what would be around a cool million dollars worth of his company shares, leaving him with a big FAT 0, invested in the company...following his lead seems prudent. Additionally, The company being within its full right to treat the situation as force majeure, doesn't seem to have the same calming effect of what the French...
sent you a pm
  • #6,750
  • Jan 27, 2015 12:51pm Jan 27, 2015 12:51pm
Quoting Jjf38
Am I missing something here ?
Yes.

You are missing something here.

Called an opportunity to find a new broker!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,751
  • Jan 27, 2015 12:53pm Jan 27, 2015 12:53pm
Quoting Magix
{quote} [color=#545454][font=arial]{quote} Additionally, The company being within its full right to treat the situation as force majeure, doesn't seem to have the same calming effect of what the French traders have allegedly received by way of phone calls about FXCM absorbing the losses on negative balances. Still ready to take one for the team? Because... They aren't!
You do realize that this is simply an opinion piece, some guy Victor Golovtchenko simply wrote what he thought of the situation. So, tomorrow if I write something to the effect that FXCM owes its clients 1 billion, would you take me at face value too?). This is not an official FXCM press release, so let's wait
  • #6,752
  • Jan 27, 2015 12:57pm Jan 27, 2015 12:57pm
It isn't a good development that an insider liquidated all of his shares, but not sure what the revised loan terms mean for their plans. Haven't bought yet if I do I want it to be less than it is at the moment.
  • #6,753
  • Jan 27, 2015 1:03pm Jan 27, 2015 1:03pm
Quoting william17
{quote} You do realize that this is simply an opinion piece, some guy Victor Golovtchenko simply wrote what he thought of the situation. So, tomorrow if I write something to the effect that FXCM owes its clients 1 billion, would you take me at face value too?). This is not an official FXCM press release, so let's wait
Quote
An SEC 4-K form filing, revealed that former FXCM Inc Chief Dealer, Michael Romersa, has sold his last 363,807 shares on the 22nd of January in the aftermath of the release of the details of the agreement between FXCM and Leucadia.
Client Negative Balances Developments

An SEC 4-K form filling is NOT an opinion.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,754
  • Jan 27, 2015 1:14pm Jan 27, 2015 1:14pm
Quoting Magix
{quote} {quote} An SEC 4-K form filling is NOT an opinion.

Not at all!!!
Chasing The Dream...
  • #6,755
  • Jan 27, 2015 1:30pm Jan 27, 2015 1:30pm
Quoting Magix
{quote} {quote} An SEC 4-K form filling is NOT an opinion.

I was referring to that, just look at my previous post carefully and see what I exactly quoted


1)the company is within its full right to treat the situation as force majeure and applying the legal clause mentioned in the client agreement.
  • #6,756
  • Jan 27, 2015 1:54pm Jan 27, 2015 1:54pm
Quoting Kanzler
It isn't a good development that an insider liquidated all of his shares, but not sure what the revised loan terms mean for their plans. Haven't bought yet if I do I want it to be less than it is at the moment.
Also havent managed it coz of school, ... not sure if I can make it ... contract is pretty long and I prefere to read before sign .

Anyway, who cares bout some FXCM trader selling his 300K shares? If you work for a company you believe in and buy 300K shares and then the company goes underwater and your shares loose 4/5 of their value, you are lucky not to get a heartattack. Leave that guy alone, whoever he is, I definitely dont believe he is able to act calm and racionally right now.

And besides, if it was an insider it wouldnt be in the news.

T
"I know one thing, that I know nothing." Sokrates
  • #6,757
  • Jan 27, 2015 2:03pm Jan 27, 2015 2:03pm
Quoting william17
{quote} I was referring to that, just look at my previous post carefully and see what I exactly quoted 1)the company is within its full right to treat the situation as force majeure and applying the legal clause mentioned in the client agreement.
Welcome to the department of redundancy department.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6,758
  • Jan 27, 2015 2:23pm Jan 27, 2015 2:23pm
Quoting Magix
{quote} Welcome to the department of redundancy department.

You better pay more attention when reading articles or posts by other members, judging by your last few posts you better swing by the "reading comprehension" department first
  • #6,759
  • Jan 27, 2015 2:27pm Jan 27, 2015 2:27pm
I don't know about you guys , but after Alpari closed it's shop and after I saw spreads here : http://www.forexfactory.com/brokers.php . I might give FXCM a chance AFTER it passes a couple of months to settle down the dust provoked a couple of weeks ago . What do you think ?
Make choices and don't look back !
  • #6,760
  • Jan 27, 2015 2:41pm Jan 27, 2015 2:41pm
Quoting william17
{quote} You better pay more attention when reading articles or posts by other members, judging by your last few posts you better swing by the "reading comprehension" department first
Give yourself a pat on the back, wilbur...

Ya figured out how to use the automatic quote feature of FF.

Go have yourself a cookie.

You've earned it!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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