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- tim10167 replied Feb 12, 2015
Hi zzbrn, Everyone in the world now knows FXCM is lying on the numer of clients they are chasing for negative balance: url
- tim10167 replied Feb 12, 2015
Of course I can provide answers. I can very easily use a couple examples. But id rather use this as evidence to our regulatory body, lawers and news reporters. Just wait for more victims interviewed on more Australian news in the comming weeks and ...
- tim10167 replied Feb 12, 2015
On this report, FXCM lied on how many claim letters they sent out to Australian victims. FXCM's CEO said they only sent out 10 claim letters in the entire Australia is a big joke. It is much much greater than that. Also he said FXCM would only go ...
- tim10167 replied Feb 3, 2015
My friends, Please note the negative balance claim letters FXCM just sent is all towards the retail clients. No institutions. they all opened their account online with all those fraud advertising.
- tim10167 replied Feb 3, 2015
Hi Aussie, rayzz,As far as I know, FXCM will be out of Australia in a few months time. I had good feedback from ASIC too. But I can't comment too much on this public forum. Fell free to drop me a private message so we can share our progress around ...
- tim10167 replied Feb 3, 2015
My friends, I have just received confirmation from various sources that FXCM has just sent negative balance claim letter to their clients around the world with a due date of 11thFeb, those of you who are welling to share your letter on this forum ...
- tim10167 replied Feb 1, 2015
Go report a misconduct to the government regulator in your local Jurisdiction where you set up the account from. As far as I know, FXCM's No Negative balance advertising is a misconduct of "PUBLIC LYING". Since FXCM is still playing with fire after ...
- tim10167 replied Jan 31, 2015
Hi my trader friends, As per my friend’s case above. It is very clear that FXCM's "forgiving" the negative balance announcement really means they will go after anyone who they think they can get something off you, regardless if you are only a mum ...
- tim10167 replied Jan 31, 2015
Hi Friends, Just re-posting this message again for those didn't see it two days ago. My friend who is a FXCM's Australian retail client (had a normal retail trading account) received the following email form FXCM 24 hours after FXCM's "forgiving" ...
- tim10167 replied Jan 31, 2015
Hi rayzz, I will encourage my friend to inform the reporter. Thanks for the suggestion.
- tim10167 replied Jan 31, 2015
Hi Brother, Are you from a third world country? The rest of us are from civilized world where financial brokage companies have to comply with the retail brokage regulation and held a certain resposibility on their own risk management. Let us know if ...
- tim10167 replied Jan 31, 2015
100% correct. FXCM, do you need me to give you ASIC's phone number and let them give you a tutorial on retail finacial brokage business regulation in Australia?
- tim10167 replied Jan 30, 2015
thanks William. Well, I can clearly tell you here in Australia, the regulation clearly demand financial institutions that are doing business with retail clients to provide sufficient risk management, those brokers who didnt make zero balance ...
- tim10167 replied Jan 30, 2015
Hi tom111, I am having technical issue replying to you using the forex faxtory platform. Would you mind leave your email(can set up a temporary one) here in the forum and ill get back to you? Thanks
- tim10167 replied Jan 30, 2015
Hi my friends in Australia, William made a really good point on post 6845 on the fact that FXCM may still reserves the right to chase the negative balance in the future based on the wordings they carefully chose and used on their statement. It looks ...
- tim10167 replied Jan 30, 2015
Hi PhilouFX. My friend and I are thinking about the same thing too. Thanks for inviting. It is about time for the Australian based victims to defend together. Is there an email address we can send to communicate to each other? As you know FXCM is ...
- tim10167 replied Jan 30, 2015
Sorry I dont have permission to reveal his account value other than the email FXCM sent him this morning. But I will check with him. I think what we all have to realize after my friend's case is that any retail trader can be the on the 10% list FXCM ...
- tim10167 replied Jan 29, 2015
No, my friend only had normal trading account with FXCM. We dont even know what the hell is " master trading agreement". He is just a very ordinary guy whos got family to look after as well. He needs to work for others in order to put food ...
- tim10167 replied Jan 29, 2015
Yes, from my friend's case in post 6857. FXCM will basically just go after anyone they think is worth to go after. 10% or after the big guys is just buxx shxx. My friend is only a normal retail client here in Australia. Nothing is secured even for ...
- tim10167 replied Jan 29, 2015
thanks rayzz. I will keep you guys updated. I knew ASIC is already onto them. But we still need as manay people as possiable reporting to ASIC in Australia to kick them out of Business. The way FXCM broken their promiss in just 24 hours after the ...