I have small negative account balance on London capital group broker. . I know this broker as a reputable broker.They send me this mail... Why i should pay this debt? Is weekend gap my mistake? Guys, i need your help.
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DislikedI have small negative account balance on London capital group broker. . I know this broker as a reputable broker.They send me this mail... Why i should pay this debt? Is weekend gap my mistake? Guys, i need your help. {image}Ignored
DislikedI have small negative account balance on London capital group broker. . I know this broker as a reputable broker.They send me this mail... Why i should pay this debt? Is weekend gap my mistake? Guys, i need your help. {image}Ignored
Disliked{quote} I had to write this post in a hurry. I didn't mean to sound rude. Sorry I don't have time to edit it better right now. My advice: 1. Firstly if its a "small" negative account balance, pay it off and then CLOSE your account with them. 2. NEVER trade with a broker ever again that doesn't offer negative account balance protection. One UK broker that I know DOES offer negative account balance protection is - ActivTrades .co.uk I have tested this and their system has reset a negative account balance of mine back to zero. NEVER trade with a broker...Ignored
DislikedI have small negative account balance on London capital group broker. . I know this broker as a reputable broker.They send me this mail... Why i should pay this debt? Is weekend gap my mistake? Guys, i need your help. {image}Ignored
DislikedYes its your mistake. You took a punt over Greece and lost. If it were the other way round and you would have made money - what would you say if LCG wouldnt pay, "because the gap is not their fault" ?Ignored
Disliked{quote} Can't agree more, I always do not understand why people trading on here moan and cry over brokers chasing them for negative balances, they actually covered it with their LP then sent it to their PB, if the losses of collateral exceeds initial balance, they owe money to the bank, that's exactly why brokers went under on the CHF moveIgnored
Disliked{quote} brokers who have a negative balance protection like fxpro, exness, ...Ignored
Disliked{quote} Both exness and fxpro have obscure 'force majeure' clauses that they will likely use to chase negative balances from clients in the event of a sudden move in the market rendering the negative balance protection largely redundant if you ask me. Before they do so they might weigh it against the impact of potential bad publicity however if the business is really in trouble they will use it against you. Lets not forget that FXCM used the same obscure clause to chase after negative balances even though they too provided negative balance protection....Ignored
Disliked{quote} Please can you give the clause number which stiplulate this.ThanksIgnored
Disliked{quote} There are a few differences between FXCM and FXpro. Fxcm Uk as far as I know didn't offer NBP on their terms and conditions. I remember in their terms they even said that losses can exceed deposits. Only on their site and on their marketing they promised NBP. FXpro offers NBP in their client agreement not only on their site. 5.1 CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all of the clients invested capital. However, it should be noted that FxPro operates on a negative balance protection basis;...Ignored