Futex (UK futures broker) halts trading | Reviews of Brokers and Data Feeds


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Futex (UK futures broker) halts trading

  #23 (permalink)

Vancouver, Canada
 
Trading Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Broker/Data: Ninjatrader Continuum
Favorite Futures: ES, ZB
 
Posts: 174 since Apr 2014
Thanks: 614 given, 128 received


Rory View Post
The order of payment is Banks, the appointed Company Liquidator (who's objective is to drain any remaining cash in fees and its completely awful/legal) direct employees then 3rd parties.

You will get nothing whatsoever I'm afraid in all probability, if they are in administration maybe but that is often just the step before liquidation. I worked for a firm that owed me 12k in salary as an employee, there was 2 million in the holding company and the liquidator and banks got it all.

Check of course. Only saying this as I had an emotionally tough year fighting the law, and the law won.

Thanks, I actually talked to a Financial Services Ombudsman and he suggested I talk to my credit card company which I have done. Looks like there may be some chance of me getting half back through them.

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