I know this SNB event has definitely opened my eyes to things that I have never thought of, that you can actually lose more than you have invested with the broker and you can be on the hook for it. And it doesn't matter how much you control your ...

Is anyone here an institutional trader?

Ok the broker still has 5 lots that's not hedged. So that 5 lots, the broker is internalizing the risk, i.e. trading against the client? And for that 5 lots, they make profit when the retail client loses? OMG! They are NOT really risk-neutral then.

Is anyone here an institutional trader?

Yes. Go to the website of the regulator that the broker claims to be regulated under and search for the broker in the regulators' database. For me personally, I only trade with brokers regulated under FCA in the UK (the REAL one from UK not like ...

Are these lessor-known forex regulators trustworthy?

Wow so you must've started trading at a very young age huh if you are able to accumulate already 8 years of trading experience and you are still extremely young? Well it's good to see some young blood coming in the market place. Good trading!

Is anyone here an institutional trader?

Disgruntled or not, what the banks did were still despicable and like I stated before regulators ARE paying attention. So changes are coming...

Is anyone here an institutional trader?

Comment made too fast there. Hanover meant even though he didn't really trade on the SNB event but just because he simply left his money in the account with Alpari he still lost it when Alpari went bankrupt.

Is anyone here an institutional trader?

Ok I don't get it. HOW did the broker hedge the clients' trades by selling 5 more of EUFCHF to the bank in this example. From what I understand it, IF this broker REALLY hedges after taking the other side of the retail traders' trades, he would: 1) ...

Is anyone here an institutional trader?

I know there was a lot of discussions about that from the Alpari UK thread. Apparently you have to register yourself on some kind of claim portal which itself took a long time to be set up by KPMG, the Special Administrator appointed by FCA which I ...

Is anyone here an institutional trader?

Nice to see you, hanover and sorry to hear about your loss in the SNB. You still have not received your funds back from FSCS yet? Hope you recovered your losses.

Is anyone here an institutional trader?

Thank God he's ignoring me.

Is anyone here an institutional trader?

I know the banks lost money too and although you might not be able to say the specific numbers but we have the ball park figure. url But you know what? This is a bit of the banks' own doing though. Because the banks IS the market, so the banks ...

Is anyone here an institutional trader?

First of all, retail traders didn't just lose thousands, many lost ten's of thousands and even hundreds of thousands, much more than they invested with their broker. Just an FYI. Second, the loss has to be in relative to their assets. Banks might ...

Is anyone here an institutional trader?

Ok but WHO is the "markets"? LOL I mean we talk about the "market" as like it's a mythical figure that's just out there hovering over us, THE "MARKET"!! LOL Have you ever wondered what is the "market"? What makes up the "market"? You are obviously ...

Is anyone here an institutional trader?

For those who weren't in retail trading, NO none of the stop-loss orders by retail traders were executed by the brokers and because as stated many times before, because there was NO liquidity, no prices, no counterparties for them to do with. Since ...

Is anyone here an institutional trader?

You personally are NOT scum but the institutions that you used to work for are scums with many of the irresponsible, reckless decisions that they have made, the same decisions that we retail traders get scolded, condemned and put down for. And that ...

Is anyone here an institutional trader?

Squaring the trades? HOW when there was NO price feed and nobody to trade with them? WHO were they going to "square their trades" with? Air??? Cuz that was the ONLY thing existing in the market for about an hour instantly after the announcement. ...

Is anyone here an institutional trader?

I was talking about specifically that situation where those retail traders who already ENTERED the CHF trades during that SNB event. They couldn't just leave, could they? They basically became market markets of course unwittingly holding up the ...

Is anyone here an institutional trader?

How? Yes one bank at a time. That's how changes are made.

Is anyone here an institutional trader?

Well those retail traders really couldn't leave anymore when all of the LP's abandoned the market; their stop-losses weren't taken! So they had no choice but to stay. And they NEVER expected themselves in the first place to all of sudden become the ...

Is anyone here an institutional trader?