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Are you sure your account was with Refco Hong Kong and not Refco USA instead? You may have opened up your account in Hong Kong but that doesn't mean it was with the Hong Kong division. I opened up my RefcoFX account in Canada but not with Refco Canada, I had a USA account.

RefcoFX charged me 100% to convert my Canadian dollars into USA dollars.

July 20, 2006 big day for RefcoFX account holders. Hopefully GAIN gets our accounts and this can come to an end. I might approach Man Financial Canada and see if they would be interested in matching the offer. They have an office about 10 minutes from me.

Not much we can do. Just wait and see if the GAIN proposal goes through. If the GAIN proposal does go through I might submit it to Man Financial Canada http://www.manfinancialfx.ca and see if they would be interested in giving me the same deal. I don't think they care or even know about us.

This has been taken care of on another ET post.

Should be about 200. Should be about 45 trades per month, still quite a few though.

Ok thanks for the reply. Yes I agree that GAIN's proposal does require too many trades. For small accounts (less than $1000) it might be OK for people who don't mind topping off the $150.00.

ZoneTrooper.....care to answer my question in regard to one of your posts? http://www.elitetrader.com/vb/showthread.php?s=&threadid=72688 Or this question: http://www.elitetrader.com/vb/showthread.php?s=&postid=1130638#post1130638 Mr Duffy appears to really inflate his numbers. 200 to...

Since my first question is being ignored by the Refcofx account holders group I will try a second question regarding this quote from Mr. Duffy: 17,000? Shouldn't that number be about 200? Mr Duffy appears to inflate his numbers.

Why is this such a tough question to answer? Since the Refcofx account holders group has posted this information to Elite Trader I would think that they would answer it. How does Mr. Duffy come up with 240 trades per month?

Anyone from the Refcofx account holders group care to take a stab at this? http://www.elitetrader.com/vb/showthread.php?s=&postid=1130136#post1130136 How did Mr Duffy arrive at 240 trades per month? Or was that a typo? I come up with 45 trades per month.

I think I see a typo: "If you have an account worth more than $25,000, you have to put more money on top of the $150 you get just to start trading, and then you have to make 240 trades per month for six months in order to qualify to get your own money back," Duffy said. Isn't that 45...

Read the posts on this ET thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=72643

That comes to 24 100K trades per six month period instead of my guess of 18. That's less than a pip per trade.

That email was just a news bulletin dated June 30, Yahoo Finance published it almost two weeks ago and I believe it's been on the RefcoFX.com site for just as long. Sitrick is a little slow in sending it out to the RefcoFX customers.

Not settled yet, but: It looks like GAIN will be deposting $150.00 into each account. If your RefcoFX balance was $40.00 or less you may withdraw it. To get anything above $40.00 you must trade with GAIN over a two year period and you will get 25% back every six months based on your trading...

Looks like Gain will deposit $150 into all accounts with a balances of more than $150.00. I wonder if that's per account or account holder. For low account balances this seems like a good deal.

They haven't given any details but I will take a guess what will happen using me as an example: $700.00 RefcoFX balance. Gain takes over my account at $0.00, I will have to fund it. I can get 25% ($175.00) every six months of my RefcoFX balance by trading for two years with Gain. Every...

Then you must have been considered an employee of Swiftrade, not self-employed as a trader.

This is the second time I have noticed this question being mentioned on ET and the replies always left out a very important fact, the Capital Gains Tax: http://www.fin.gc.ca/toce/2002/cgtc_e.html 50% of your gains are tax free, if you make $100,000 then only $50,000 is considered income. You...