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- william17 replied Mar 20, 2015
May be true but if it gets the job done so be it. If the UK division gains some more trust and subsequently clients, this might benefit US traders as well. My logic goes like this- if FXCM UK does better, it will benefit the whole company thus ...
- william17 replied Mar 20, 2015
FXCM UK new negative balance policy waives first $50,000 LONDON, March 20, 2015 (GLOBE NEWSWIRE) Forex Capital Markets Limited (FXCM UK), today announced that it will be updating its Negative Balance Policy for new and existing clients in the near ...
- william17 replied Feb 24, 2015
I think you are overreacting here, they are simply changing policy IMO rather than "removing all evidence." As long as they are transparent about the changes, they have the right to do so. Do you really think if clients and FXCM face each other in ...
- william17 replied Feb 20, 2015
But your example with the phone company can have two possible scenarios. 1. they already deducted the money from your account and now you have to prove that they were wrong. 2.You never gave them your bank info and instead used to pay cash at the ...
- william17 replied Feb 20, 2015
Based on my personal experience, the numbers you are throwing here are way off . I would love to see some collection agency pay 30% to buy up "hopeless" (your word) debt. Even if you go to court and win a judgment against somebody who is not ...
- william17 replied Feb 19, 2015
You sound a lot like representative of FXCM but does not really matter. Let me go over some of the things you said. "Unlike many gamblers out there most smart and experienced Fx traders knew it was just about to happen, it wasnt if but when. So ...
- william17 replied Feb 15, 2015
I remember FXCM said that the 10% they are going after incurred more than half of the $225 million loss. I believe that's what the author is talking about-60% of the total negative balance, not 60% of the traders with negative balances
- william17 replied Feb 11, 2015
FXCM monthly volume and their loss cannot be used to determine other brokers' losses or market cap. It's all about the total exposure to chf and where clients were stopped out. A company may have $900 billion monthly volume (twice FXCM) but if ...
- william17 replied Jan 30, 2015
Hi Tim, I think you might have misunderstood me. When you said "FXCM may reserves the right to chase the negative balance in the future " did you mean the forgiven balances incurred after the floor was removed or future negative balances? I, for ...
- william17 replied Jan 29, 2015
How was my reply to @Esprit "a bunch of paranoia and panic". He had a very simple question yet a question dealing with legalities which @Jason rogers is usually in no position to answer. So I gave @Esprit my opinion regarding his question and ...
- william17 replied Jan 29, 2015
I will give you my take on the situation. This is the email that @dav75 posted on the previous page (post 6818) "Dear Client, FXCM has important news regarding your account(s): Your debit balance(s) resulting from the January 15, 2015 Swiss National ...
- william17 replied Jan 28, 2015
@Jason Rogers: do I need to remind you of your own RISK DISCLOSURE that in black and white stated prior to the SNB decision: Although the margin call feature is designed to close positions when account equity falls below the margin requirements, ...
- william17 replied Jan 27, 2015
@Tom_D_Trader, do you even know how our little verbal exchange with @Magix started or you too are just one of those"facts be damned" dudes. It's getting really pathetic around here. If @magix and you do not want to have a respectable conversation ...
- william17 replied Jan 27, 2015
apparently, you will never admit you made a mistake and will keep spewing nonsense so let's stop spamming the thread with off topic discussion. Hopefully, in the future, we will have more constructive conversations. Have a nice day!
- william17 replied Jan 27, 2015
You better pay more attention when reading articles or posts by other members, judging by your last few posts you better swing by the "reading comprehension" department first
- william17 replied Jan 27, 2015
I was referring to that, just look at my previous post carefully and see what I exactly quoted 1)the company is within its full right to treat the situation as force majeure and applying the legal clause mentioned in the client agreement.
- william17 replied Jan 27, 2015
You do realize that this is simply an opinion piece, some guy Victor Golovtchenko simply wrote what he thought of the situation. So, tomorrow if I write something to the effect that FXCM owes its clients 1 billion, would you take me at face value ...
- william17 replied Jan 23, 2015
So, FXCM transferred money from traders' positive accounts to cover some of the negative equity is these traders' underwater accounts but we still don't know if FXCM is going after clients beyond the total amount they have deposited in all their ...
- william17 replied Jan 22, 2015
That's at the bottom of the email that @chiang124 received: Remember forex and CFD trading can result in a loss of some or all of your deposited funds and therefore may not be suitable for everyone, so please ensure that you fully understand the ...
- william17 replied Jan 22, 2015
It appears that FXCM has started sending emails to clients with negative balances. They are claiming it was "force majeure" event. Guessing the true winners will be a bunch of lawyers! " Dear Client, IMPORTANT NEWS REGARDING YOUR FXCM TRADING ...