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- 14 Results (13 Replies, 1 Comments)
- euler123 replied Jan 28, 2015
No email yet but I looked at my account and the negative balance is cleared. They kept true to their word to me and I am happy not to be dealing with this any longer. I hope the same is true for the rest of you. I posted in another forum my ...
- euler123 replied Jan 28, 2015
FXCM's statement seems to mean they will go after clients ( any) that suffered losses high enough that might be worth for them to pursue. Not sure what number is their threshold but are retail mom and pop investors with a mid level net worth that ...
- euler123 replied Jan 27, 2015
I have not heard anything back from FXCM yet. I sent several inquiries the last two weeks. I expect my negative balance to be set to zero as they promise. If so, I am prepared to re-fund my account and resume trading. Otherwise, I will give the ...
- euler123 commented Jan 24, 2015
Good luck to anyone still staying with fxcm. No one deserves these headaches. I for one am not giving them a penny. I joined them strictly based on their no-debit policies. False advertising all over their site!
- euler123 replied Jan 23, 2015
I thought I would share this article : url This is directly from fxcm and this event was indeed anticipated; hardly a fm!
- euler123 replied Jan 23, 2015
Its interesting to see that the word on the street is that Brokers do not go after clients. Its frowned upon in the industry and I would be shocked if FXCM decided to go this route. A cursory Google search on brokers going after clients provides no ...
- euler123 replied Jan 22, 2015
I agree with you, Hatzius except that I think the agreement of their loan is forcing them to make an unreasonable claim. I think they would have a better return if they asked their clients to pay a portion of their losses. Remember, us clients lost ...
- euler123 replied Jan 22, 2015
Taken from the legal dictionary: url Force Majeure [French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior. The term force majeure relates to the law of insurance ...
- euler123 replied Jan 22, 2015
Did you notice that there is a typo in their announcement? "FXCM thanks you for you cooperation and understanding". Haha! No one is reviewing these? I posted this in another board" Ok; its getting interesting now! No surprise FXCM used the only ...
- euler123 replied Jan 22, 2015
Ok; its getting interesting now! No surprise FXCM used the only clause that they think might apply. In reality, every corporation has a " force majeure event" clause but that implies to an event relating to an unforeseen Act of God or the like; not ...
- euler123 replied Jan 22, 2015
In case FXCM comes calling, their no debit balance policy is plastered on many areas on their website. Statements that clients are limited to the loss of their deposit are made in their risk disclosures, forums by their administrators and user ...
- euler123 replied Jan 21, 2015
Anyone hear anything from FXCM re: negative balances yet? I'm either adding to my account and resume trading if the negative balances are wiped out as they promised or I will walk away and open a new account elsewhere. I will not give them a single ...
- euler123 replied Jan 20, 2015
"force majeure" is related to an Act of God; an unforeseen disaster. This situation was a result of poor risk management which other brokers got in front of to protect their clients and their assets. Also, many other brokers have already taken ...
- euler123 replied Jan 20, 2015
It seems to me that the terms of business may apply to institutional clients. The risks that apply to non-professional traders are plastered all over its website and in many other document. Any legal body can see that their risk warning limiting a ...
- Posts by Member Search: 'euler123'