how to NOT take responsibilty

alexpun said:
Why would any broker provide you margin capability if you don't want to be responsible for your loss?......
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If they don't have a choice?......
The EU regulator for the industry, ESMA, has made negative equity protection mandatory for all EU forex brokers from August.

There has been talk that now that the risk of losing more than you deposited has been eliminated (and this protection will be backed up by the national regulators in the EU), someone somewhere in Europe is going to go all in on a crazy trade. It'll be interesting to see how it turns out.
 
tomorton said:
If they don't have a choice?......
The EU regulator for the industry, ESMA, has made negative equity protection mandatory for all EU forex brokers from August.

There has been talk that now that the risk of losing more than you deposited has been eliminated (and this protection will be backed up by the national regulators in the EU), someone somewhere in Europe is going to go all in on a crazy trade. It'll be interesting to see how it turns out.
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and in the usa? i remember 5 years ago i wiped out my account of 7k within 45 min and i was still in debt for 1800$ after they closed my position and there system didnt tiger the sale it was me who sold so i hope some thing changed by then i was using trade station maybe there just a bluff?!
 
How to stick a brokerage with a steaming pile of your losses.. are you under the impression that that’d be ethical even if you could do it?

The title of this thread alone shows the depth of your character.
 
treeman said:
How to stick a brokerage with a steaming pile of your losses.. are you under the impression that that’d be ethical even if you could do it?

The title of this thread alone shows the depth of your character.
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shady guy here wanna give me some of your cash? ill trade for you?
 
Mdtbyk said:
And if it’s a LLC with a lot of partners so then ?
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If it is a business and the LLC does some trading, that is one thing. If the sole purpose of the LLC is to place the ultimate risk of loss on the account to the Broker and FCM, The FCM requires a personal guarantee. This is only for futures. This is very common among FCMs but less so with online brokers.
 
tomorton said:
The EU regulator for the industry, ESMA, has made negative equity protection mandatory for all EU forex brokers from August.
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Unless you are classed as a professional trader. I've reclassified myself as such with some of my bucket shops...but mulling over whether that's a good thing since i lose the negative balance protection.
 
tomorton said:
There has been talk that now that the risk of losing more than you deposited has been eliminated (and this protection will be backed up by the national regulators in the EU), someone somewhere in Europe is going to go all in on a crazy trade. It'll be interesting to see how it turns out.
More...

Unintended consequences of bad legislation. Having said that, the margins have been raised by 10 or more times which somewhat offsets the risks of a crazy trade.
 
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