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Yes, in the normal situation Saxi Bank could do a lot of money as a market maker. But someone inside in the risk and trading management didi a big mistake and though that the EUR/CHF can not fall, and now... the customer are paying... lets see what happen in the lawsuit. But for your kind...

Yes, that is the problem. This stupid MARKET MAKERT were long in the worst moment to go ling with the customers. Usually they are a Casino and they cheat the customers taking the opposite position... bad luck for the poor customers.

Exactly. Saxo Bank is market maker. They can not give you one X price and after some hours change the price and say that there was no liquidity. Of course there was no liquidity we trade in your market maker platform. What happen in the real market nobody knows. Sometimes they buy sometimes they...

Even the Business terms and conditions are very unfair, that is the opinion of a lot of lawyer after to read it. Saxo Bank can not make a contract a write ''you agree that we can kill you'' and they have the right to kill you.. this is not business. The other traders did not have liquidity...

Nobody knows the Danish FSA and we know they will do nothing and they will protect Saxo Bank interest who is paying them every year a tax. Not their customers who are suffering. You will see the FSA is useles, they are making money for nothing.

Freedinner thank you very much for the information and links.

Yes, unfortunately for us (the cheated users). Saxo Bank that day was doing his ''job'' as a market maker. They saw that they had a lot of customers with long positions in EUR/CHF, and they had nobody short. Nobody expected the SNB will remove the floor. Then what happened? Saxo Bank bought in...

Saxo Bank is cheating customers after SNB removed EUR/CHF floor. Saxo Bank initially closed the EUR/CHF positions with market price, and after 12 hours they re-quoted the price and put with negative balance most of the customer’s accounts. This is not legal and we should act against Saxo Bank...