FXCM LOSES ALL EQUITY

destriero · Jan 16, 2015

Ironplates said:
Does this mean, If I have an account at this shop, they will use my account to cover their losses?

Yes, if you're a US account holder you are done unless they receive outside capital.

destriero · Jan 16, 2015

marketsurfer said:
You are not getting it, sister. This opens the door for regulators to eliminate it. Nothing do with a surviving company--- 10% leverage coming then no public interest--- best case scenario. surf

They (US regulators) aren't footing the bill, so I don't know that there is the will to reduce gearing to what is available at the CME. The problem is the EU and offshore segregated accounts. The regulators are definitely going to reduce public leverage. In the USA you lose even if you win as they will apply your NLV to the pool. In the UK, etc., they cannot do so.

prc117f · Jan 16, 2015

marketsurfer said:
My guess is that its game over for retail access to FX. The end of the road

Retail really should not be trading currency.

marketsurfer · Jan 16, 2015

lucysparabola said:
Sister? I assure you otherwise, my good man. Most women aren't 6'6 / 225. i'd be even scarier if I was a woman in my current condition.

what regs do you foresee coming?
for the clients' sake, hopefully the Jefferies deal goes through.

And your name is Lucy, sir?

loyek590 · Jan 16, 2015

prc117f said:
Retail really should not be trading currency.

thank you. Now you can devote your life to the other great risk, smoking pot

retail should be trading fx. It's the best place for a small trader. Many traders who are losing their ass in ES and CL would find fx is much easier. It's the perfect vehicle for a small retail trader. And if you are grinding it out everyday, it only takes getting on the right side of the White Swan to move you quite a bit ahead in a matter of hours, if not minutes.

Retail should be trading fx, you should try knitting.

lucysparabola · Jan 16, 2015

marketsurfer said:
And your name is Lucy, sir?

god, you are retarded. no, lucy is not my name.

*gasp* Is YOUR name marketsurfer?!?

AdrianHagh81 · Jan 16, 2015

loyek590 said:
thank you. Now you can devote your life to the other great risk, smoking pot

retail should be trading fx. It's the best place for a small trader. Many traders who are losing their ass in ES and CL would find fx is much easier. It's the perfect vehicle for a small retail trader. And if you are grinding it out everyday, it only takes getting on the right side of the White Swan to move you quite a bit ahead in a matter of hours, if not minutes.

Retail should be trading fx, you should try knitting.

FX have a much bigger tail risk of black swans events like CHF.
And my mind is more at ease when I can see the book and my orders are going
through a central regulated exchange.

loyek590 · Jan 16, 2015

AdrianHagh81 said:
FX have a much bigger tail risk of black swans events like CHF.
And my mind is more at ease when I can see the book and my orders are going
through a central regulated exchange.

I hear ya. To each his own. I take very little comfort in regulation. For me, the less the better. I would much rather trade fx knowing there is no regulation against insider trading, than trade a stock hoping any insider trading is being prosecuted.

I was kind of joking, but I see your point, no hard feelings on my part. But I agree, 95% of people shouldn't trade fx (or anything for that matter.)

marketsurfer · Jan 16, 2015

lucysparabola said:
god, you are retarded. no, lucy is not my name.

*gasp* Is YOUR name marketsurfer?!?

Like Alice Cooper or Marilyn Manson? Maybe Lola?

marketsurfer · Jan 16, 2015

destriero said:
They (US regulators) aren't footing the bill, so I don't know that there is the will to reduce gearing to what is available at the CME. The problem is the EU and offshore segregated accounts. The regulators are definitely going to reduce public leverage. In the USA you lose even if you win as they will apply your NLV to the pool. In the UK, etc., they cannot do so.

Good points but i see the PDT rule type regs being instituted just like equities. The rule would be to "protect" the public, nothing to do with footing the bill etc.

surf