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Zenfire no more?
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Zenfire no more?

  #331 (permalink)
Rristocrat
zurich
 
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FBJS View Post
My guess is that Mirus is a small portion of RCG's total business (pure speculation on my part). Plus a bunch of people are with Dorman too, not just RCG. My guess is that your funds will be fine even if Mirus goes under, since they just an IB and are not clearing anything themselves. And I might add that if this continues for much longer, Mirus may very well go under. I have rarely seen such a colossal screw-up... years of reputation wiped out in a single week by one bone-headed decision to push forward with technology that was clearly not ready. Let this be a warning to all the other brokers reading this thread, your reputation is a precious thing that must be preserved on a daily basis by consistent and honest actions. It can very easily be destroyed if you're not careful.

Great post !!!

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  #332 (permalink)
Membership Temporarily Revoked
Portugal, Viana do Castelo
 
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Funds are ok.

I too was a happy client but after this mess I think the only way to go for Mirus is Down Under.
Clients are loosing money because of them.

Just call it the Mirus Nightmare.

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  #333 (permalink)
Elite Member
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tradersimon View Post
I am absolutely fuming with Mirus!

They told me they didn't know if my order had been executed about 4 hours ago, couldn't get onto the platform since and then I decided to phone Dorman....

...who tell me I have an order in the market which is 12 points negative.

Don't trade it guys. Sometimes you have to resist urge to feel like you are missing out on a trading day and just sit still. If a feed is having problems you are much better off staying out of the market. These kinds of problems you can lose much more than you stand to make. I got stuck in an overnight position one weekend during the financial crisis because of a feed issue (was not with Mirus but another broker using zenfire). I had no idea I was in a position until I was stuck in it for the weekend. I still cringe at that feeling of wondering what would happen when market opened. I ended up being okay but it took a few years off my life.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; January 6th, 2014 at 05:12 PM.
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  #334 (permalink)
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Dover, Fl
 
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How long does that take?


Brutus View Post
how long does that take?

I initiated a wire from Mirus/Dorman on Thursday night last week. It just got to AMP a few minutes ago (Monday 2:24 pm ET). To be expected, it cost $30 for the wire they should have happened at least the next business day (Friday). They should at least wave the cost of the wire for people. That would be a decent thing to do for people that they have negatively affected with so many down days. Not to mention I am paying for Ninja quarterly and that is costing me and I'm sure a lot of you money sitting on the sidelines (at no fault of Ninja's of course).

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  #335 (permalink)
Banned: trolling
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Hammerhorn View Post
Officially getting rid of Mirus. The last straw.


everyone looses when crap like this happens

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  #336 (permalink)
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liquidcci View Post
Don't trade it guys. Sometimes you have to resist urge to feel like you are missing out on a trading day and just sit still. If a feed is having problems you are much better off staying out of the market. These kinds of problems you can lose much more than you stand to make. I got stuck in an overnight position one weekend during the financial crisis because of a feed issue. I had no idea I was in a position until I was stuck in it for the weekend. I still cringe at that feeling of wondering what would happen when market opened. I ended up being okay but it took a few years off my life.

If I had a definite answer that the feed was ok/not ok, then yes I could decide not to trade. However, Mirus told me MirusTrader was fully functioning. I hold them responsible.

Would like to go direct to Dorman now. At least they knew what was going on.

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  #337 (permalink)
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http://www.youtube.com/watch?v=dZCsU6u74cM

YOU TRADE WITH MIRUS, YOU LOSE

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  #338 (permalink)
Banned: trolling
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liquidcci View Post
Don't trade it guys. Sometimes you have to resist urge to feel like you are missing out on a trading day and just sit still. If a feed is having problems you are much better off staying out of the market. These kinds of problems you can lose much more than you stand to make. I got stuck in an overnight position one weekend during the financial crisis because of a feed issue. I had no idea I was in a position until I was stuck in it for the weekend. I still cringe at that feeling of wondering what would happen when market opened. I ended up being okay but it took a few years off my life.

@liquidcci - ain't hurd from the likes of you in ages!, how yuh been?

anyone remember Alaron Futures?
They dropped their accounting of positions long, in my account, and I carried a position for a few days before I could verify with their non-responsive team, that I indeed had a phantom orphan position. Fortunately, I had an auto trader that performed wonderfully, but that phantom took all those gains from the autotrader. I threw both of them out and ran for the hills, except I was on the open plains of Laredo... there's a song in there somewhere...

those nightmare situations haunt you for years, long after they're resolved, so perhaps staying out of the markets aren't so bad, as the meandering and aimlessness of the DJIA today shares that sympathy too

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  #339 (permalink)
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Luckily I haven't been burned by any rogue orders however in terms of opportunity cost I can tell you that this debacle has cost me a very considerable amount of money. I've been simulating using a demo account at Optimus (where my funds are being transfered to) so I am able to quantify it to some degree. I know I'm not the only one in this position. Mirus are acting like a trader who has had 20 straight winning days. Overconfident.

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  #340 (permalink)
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tradersimon View Post
If I had a definite answer that the feed was ok/not ok, then yes I could decide not to trade. However, Mirus told me MirusTrader was fully functioning. I hold them responsible.

Would like to go direct to Dorman now. At least they knew what was going on.

@tradersimon

Dorman clears (or at least as I was told years ago) for many, many floor traders (if they still make them anymore),

and when you're a client at one of their FCM's like AMP (formerly, or presently, who knows) and Mirus, then they shun you from opening directly with them.

Save yourself the (emotional) headache, and call them on this issue before proceeding.... let them explain their logic (if there is any to their decisions) -- pm me on your results (so this doesn't take on the aire of a slugfest and bad mouthing firms and cause legality issues for mikey)

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