2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory
Updated: Views / Replies:6,946 / 53
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

  #21 (permalink)
Trading for Fun
Bodoe , Norway
 
Futures Experience: Intermediate
Platform: Fxcm tradestation II
Favorite Futures: Forex
 
sharpshoota's Avatar
 
Posts: 142 since Jun 2014
Thanks: 843 given, 117 received


trendisyourfriend View Post
I got this email from Oanda:



Dear TrendIsYourFriend:

Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF).

In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough (where permitted by regulations).

As a very well capitalized broker, we are proud to report that it is business as usual at OANDA: client trading, deposits and withdrawals are processing normally.

OANDA is proud of its strong reputation for fairness and integrity. We thank our customers for their continued loyalty and welcome new traders who want to experience outstanding service and execution.
......................

WoW !! ....oustanding performance by Oanda. Not many brokers would have done the same.

Reply With Quote
The following 2 users say Thank You to sharpshoota for this post:
 
  #22 (permalink)
Trading for Fun
Bodoe , Norway
 
Futures Experience: Intermediate
Platform: Fxcm tradestation II
Favorite Futures: Forex
 
sharpshoota's Avatar
 
Posts: 142 since Jun 2014
Thanks: 843 given, 117 received

Leucadia to provide $300M in financing to FXCM

Leucadia to provide $300M in financing to FXCM

Reply With Quote
 
  #23 (permalink)
Elite Member
Waco TX.
 
Futures Experience: Advanced
Platform: Robinhood
Favorite Futures: STOCKS
 
quantismo's Avatar
 
Posts: 214 since Jul 2011
Thanks: 305 given, 145 received

THE EXTREEM OUTLIER


Got in FXCM heavy premarket $1.55 out at $ 4.03 post market . I don't even care even if it goes back to $12 was my best equity trade ever...!!!!

Quantismo

I wont rack this one up as trading skill it was more like luck ....

Reply With Quote
The following 3 users say Thank You to quantismo for this post:
 
  #24 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


quantismo View Post
Got in FXCM heavy premarket $1.55 out at $ 4.03 post market . I don't even care even if it goes back to $12 was my best equity trade ever...!!!!

Quantismo

I wont rack this one up as trading skill it was more like luck ....

Nicely done. I was telling myself I should do the same this morning, but I just wasn't focused enough to get it done before they halted it.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #25 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,767 since Sep 2013
Thanks: 9,845 given, 11,103 received
Forum Reputation: Legendary


quantismo View Post
Got in FXCM heavy premarket $1.55 out at $ 4.03 post market . I don't even care even if it goes back to $12 was my best equity trade ever...!!!!

Quantismo

I wont rack this one up as trading skill it was more like luck ....

The skill is pulling the trigger when you should, which you did. Good job!

Reply With Quote
The following user says Thank You to tturner86 for this post:
 
  #26 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,638 since Mar 2010
Thanks: 4,225 given, 25,553 received
Forum Reputation: Legendary


tturner86 View Post
The skill is pulling the trigger when you should, which you did. Good job!

Was it skill or just a gamble?

Reply With Quote
 
  #27 (permalink)
Trading Apprentice
Sydney
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 13 since Oct 2014
Thanks: 2 given, 13 received


Fat Tails View Post
Was it skill or just a gamble?

Its only a gamble if he lost money, so therefore its skill


Reply With Quote
 
  #28 (permalink)
Elite Member
Brisbane, Queensland, Australia
 
Futures Experience: Advanced
Platform: NT8/JIGSAW
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: ZB/FGBL/GC/CL/HG/6J/6M/6B/FDAX/NQ
 
xiaosi's Avatar
 
Posts: 481 since Feb 2012
Thanks: 381 given, 440 received

I cleaned out my main Interactive Brokers account yesterday AM Shanghai time just in case there was a run on the brokers...but alas IB look ok so far, a loss suffered none the less.

Reply With Quote
The following user says Thank You to xiaosi for this post:
 
  #29 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,103 since Feb 2012
Thanks: 3,773 given, 7,592 received
Forum Reputation: Legendary


xiaosi View Post
I cleaned out my main Interactive Brokers account yesterday AM Shanghai time just in case there was a run on the brokers...but alas IB look ok so far, a loss suffered none the less.

With a net gain of 450 mio per year upward this is no biggie:

INTERACTIVE BROKERS GROUP Bilanz GuV | Kennzahlen | Umsatz | Gewinn | finanzen.net

It might have put out some more high risk high leverage companies more - which we will know very soon.

GFIs1

Reply With Quote
 
  #30 (permalink)
Elite Member
Raleigh NC/USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: stocks
 
Posts: 28 since Oct 2014
Thanks: 108 given, 11 received



trendisyourfriend View Post
I got this email from Oanda:



Dear TrendIsYourFriend:

Early on January 15, 2015, the Swiss National Bank (SNB) sent global financial markets into turmoil with a surprise move to eliminate its three-year-old cap on the franc (CHF).

In the wake of this unprecedented market event, OANDA demonstrated its ongoing commitment to doing right by its clients. Despite suffering losses and vanishing liquidity in the institutional hedging market, OANDA remained true to its 14-year legacy of transparency, integrity and fairness to our clients. OANDA did not re-quote or amend any CHF cross client trades. We even took the further step of forgiving all negative client balances that were caused when clients could not close out their positions fast enough (where permitted by regulations).

How exactly does this work? Clients suffered losses because they couldn't unwind short CHF positions due to illiquidity or being caught off guard, and Oanda is going to make them whole? Did Oanda have a net long CHF position that they never hedged that allows them to do this?

Reply With Quote

Reply



futures io > > > > 2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Saxo Bank's 10 "Outrageous Predictions" For "2012: The Perfect Storm" Quick Summary News and Current Events 0 December 17th, 2011 08:10 PM
Behold The New Anschluss: ECB's Paramo - "Prepare To Give Up Significant Sovereignty" Quick Summary News and Current Events 0 November 24th, 2011 08:00 PM
Fukushima: "China Syndrome Is Inevitable" ... "Huge Steam Explosions", or "Nuclear Bo Quick Summary News and Current Events 0 November 22nd, 2011 02:50 AM
How to change "Stop Loss" and "Take Profit" in "shElderImpulse" Strategy javed759 NinjaTrader 1 November 1st, 2011 11:44 PM
"mid", "buy", "sell" volumes lokgotkent Traders Hideout 6 September 30th, 2011 02:24 PM


All times are GMT -4. The time now is 03:27 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-20 in 0.13 seconds with 19 queries on phoenix via your IP 54.162.166.214