- Search Energy EXCH
- 35 Results (30 Replies, 5 Comments)
- rayzz commented Jan 28, 2015
It's on their product disclosure statement pg 29. If you notice, in their disclaimer, fxcm binds their customers not only by the terms of agreement, but also their product disclosure statement and risk disclosure. However they always only use the ...
FXCM may wipe out negative balances
- rayzz commented Jan 28, 2015
Go to their product disclosure statement pg 29.
FXCM may wipe out negative balances
- rayzz commented Jan 28, 2015
90% is no good jason..tell your bosses to up it to 100%. And pleaaeeeeeaasseee don't use the word 'forgive'..there's nothing to forgive cos it is your policy to zero negative balances..have you even read your product disclosure statement pg 29?
FXCM letter to clients to repay negative balances
- rayzz commented Jan 28, 2015
90% is not good enough..it shud be 100% because it's their policy. 1. Stop loss failed. 2. Margin watcher failed. 3. Eurchf currency froze that i couldnt close my positions manually. 4. Then they want us to cover negative balances when their policy ...
FXCM may wipe out negative balances
- rayzz replied Jan 28, 2015
There's no more credibility in whatever you're saying, Jason...you could post that we have only one sun, and we'd prefer to believe the contrary...
FXCM Discussion
- rayzz replied Jan 23, 2015
Of course it's not jason..he's been nothing but helpful in answering our questions. the only question pending answer is "will fxcm forgive negative balance?" The answer is either yes or no..but it seems fxcm is trying to find the cure for cancer ...
FXCM Discussion
- rayzz replied Jan 23, 2015
Neither FXCM or any of you so far mention about fxcm's Product Disclosure Statement. For fxcm not to mention it obvious, because in that (or those, since they have copies for each country, i.e, Aus, UK, and US) fxcm clearly and explicitly states ...
FXCM Discussion
- rayzz replied Jan 23, 2015
Read carefully what the letter says.."...you are requested to remit..." They are just asking you to top up, not enforcing based on any legal ground. They know the no-debit-balance policy is stated all over their website, video, and Product ...
FXCM Discussion
- rayzz replied Jan 21, 2015
They havent waived neg balances yet since theyre still trying to request politely to those affected to top up. They cant announce anything public because the no-debit-balance policy and client-never-owe-money policy are all over their PDS, risk ...
FXCM Discussion
- rayzz replied Jan 21, 2015
Finally Jason Rogers is here. Maybe he can answer the question surrounding fxcm no debit balance policy. Btw, I just realised Jason Rogers status is "invisible" whenever he's online, so maybe he's been reading this forum for hours and trying to pick ...
FXCM Discussion
- rayzz replied Jan 21, 2015
Well, the silence from fxcm is a question mark. I guess their first step is to move around the money from related accounts to cover as much as the negative balance. They're doing this whilst building a case to get money from clients. Meaning they'll ...
FXCM Discussion
- rayzz replied Jan 20, 2015
Either last night or this morning. Didn't see the time and date. What's strange is that we all know fxcm has a no debit balance - it explicitly is stated on their web, risk disclosure, even you can find cases going back to 2012 where negative ...
FXCM Discussion
- rayzz replied Jan 20, 2015
Under the Terms of Business, the Company does not commit to the negative balance policy. Specifically, we state that the client “may not be liable for debit balances directly resulting from trading activity.” In addition, even if we were to apply ...
FXCM Discussion
- rayzz replied Jan 20, 2015
The points are: 1. If they even took $250 in order to offset $-180k, it shows they are desperate. @ Shrike: u missed my point. 2. Negative balances with fxcm aus will likely be reset to zero because it happened to me in the recent past and they even ...
FXCM Discussion
- rayzz replied Jan 20, 2015
Some of my fxcm accounts were affected by the snb news and i held long eurchf only. Two days ago fxcm transfered money from my other acc which had a positive balance of $250 to my other acc which had -$180k balance. Clearly they dont expect me as a ...
FXCM Discussion