FXCM owed $225 million by customers who lost on CHF

[smallStops]

Alpari UK just announced insolvency

is that true? link please

 

[doublechin]

http://www.telegraph.co.uk/finance/...Ham-shirt-sponsor-Alpari-out-of-business.html

http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement

 

[smallStops]

I can not help thinking that actually the "bucket shops" were also trading in a certain way.
The SNB move created a lot of losers.
Glad I took the discipline of stopping all trading as soon as I deviated from the system :
That saved me from a possible bloodbath!

 

[ronblack]

Bucket shops deserve the SNB blow. I feel sorry about small speculators who might have lost everything and now they may also owe money and soon some guys will be at their door.

 

[Tsing Tao]

Meanwhile, Oanda is actually forgiving these negative balances.

https://fxtrade.oanda.com/community/forex-forum/topic/54010615/

 

[JamesL]

can't wait to see the CFTC reports for January when they eventually get posted.

 

[ExperiencedJoe]

Meanwhile, Oanda is actually forgiving these negative balances.

https://fxtrade.oanda.com/community/forex-forum/topic/54010615/

As FXCM is doing. When they take the other side of the bet, they make plenty from cleaning out the accounts. What goes beyond that isn't necessary.

 

[smallStops]

Effectively, it looks like Oanda is milking it for all it can :
that is a golden opportunity for them to open new accounts at minimal
marketing cost.

 

[lucysparabola]

This photo suggests FXCM has no recourse:
https://twitter.com/shallarn/status/555932622061203456/photo/1

This brings tears of joy to my eyes. If anyone deserves to go down in spectacular fashion, it's FXCM.

 

[cstfx]

FXCM shares down 85% pre-market.

https://www.google.com/finance?cid=12171256