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| Surviving CHF - Alert on Brokers (Please Read) https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4058 |
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| Author: | SpiderX [ Fri Jan 16, 2015 2:36 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
Hi all, Decided it would be good to make this post to alert those in the forum who have live accounts with other brokers besides GP. Based on the posts below and also conversations at other places, my inference is that some brokers have been hit badly by the crazy moves on the CHF, and might become financially unstable. Probably especially those brokers who are offering higher leverage like 1:500 ... Personally, i am not sure if a broker can become bankrupt because of the crazy CHF moves, but probably the wise thing to do if you have a sizeable account with one of these brokers would be to take some funds off the table to limit your exposure to one broker. http://www.stevehopwoodforex.com/phpBB3 ... 53#p111264 http://www.stevehopwoodforex.com/phpBB3 ... 15#p111315 Please feel free to disagree with my post. Cheers |
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| Author: | SpiderX [ Fri Jan 16, 2015 3:10 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
http://mobile.bloomberg.com/news/2015-0 ... shock.html Hope we dont see more casualties. Cheers |
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| Author: | uniquenick [ Fri Jan 16, 2015 4:34 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
FXCM is also in breach of their capital requirements like Excel Markets, losses in client accounts over $235million. Will be interesting to see if they will survive, I would be withdrawing my funds if I was with them. http://www.ft.com/fastft/262782/swiss-s ... rs-victims |
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| Author: | SpiderX [ Fri Jan 16, 2015 9:31 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
More info: http://www.zerohedge.com/news/2015-01-1 ... y-capital- |
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| Author: | crashout [ Fri Jan 16, 2015 9:48 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
Completely irresponsible from the Swiss and scandalous ! I heard this morning some big funds of big banks lost 50 %. |
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| Author: | OBO [ Fri Jan 16, 2015 9:56 am ] |
| Post subject: | Alpari is insolvent |
Major news: ALPARI is insolvent - wow http://www.forexlive.com/blog/2015/01/1 ... ency-rtrs/ |
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| Author: | niepce [ Fri Jan 16, 2015 5:08 pm ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
yeap Alpari dead... Excel reported dead as well http://forexmagnates.com/swiss-currency ... lose-shop/ IG and FXCM in a great suffering... French Saxo Bank also rumored to be near-miss. |
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| Author: | uniquenick [ Fri Jan 16, 2015 9:46 pm ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
http://forexmagnates.com/is-your-broker ... e-updates/ Good site for checking how your broker is going. $300 million cash injection into FXCM so it will survive |
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| Author: | SpiderX [ Thu Jan 22, 2015 2:23 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
For those who are interested, brokers who forgive negative balances: http://forexmagnates.com/covered-broker ... hf-crisis/ Cheers |
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| Author: | dudest [ Thu Jan 22, 2015 6:38 am ] |
| Post subject: | Surviving CHF - Alert on Brokers (Please Read) |
That'll probably be the list of the market makers making a killing off their clients day-to-day... Thanks Spidey |
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