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- shrike replied Jun 29, 2016
No - by EU law an union citizen may not be treated worse than a domestic citizen. But regardless, FSCS even pays out to non-EU residents. It has done so many times, for example at the Worldspreads bankruptcy.
- shrike replied Jun 27, 2016
The FCA doesn't do compensations, its the FSCS. And yes, even non-EU residents will get compensation. By the way, this is in contrast to for example Australia, where only residents are eglible. And also certain other EU compensation funds are ...
- shrike replied Jun 25, 2016
If i can't trade with a UK firm anymore i would probably go to Interactive Brokers (USA, SG or HK i dont know yet).
- shrike replied Jun 25, 2016
Its going to be difficult for UK brokers to service EU retail clients (ECP and professional will have no problems). Paris and Frankfurt have ambitions to become the new London on the continent, and they won't just give UK firms access to the common ...
- shrike replied Jun 12, 2016
I dont know, just send them an email and ask.
- shrike replied Jun 12, 2016
Because LMAX wants to protect their liquidity. Their LPs are quoting firm liquidity with no last-look, in turn lmax is "policing" the flow for toxicity. If they wouldnt do that, many LPs would probably stop quoting there all together, impacting the ...
- shrike replied May 30, 2016
thehehe
- shrike replied May 29, 2016
You make it sound like its always the fault of the broker when someone loses money. Fact of the matter is that the vast majority of retail traders can't trade their way out of a wet paper-bag. Just read this forum - the level of self-deception and ...
- shrike replied May 25, 2016
It says that broker-dealers are not allowed to offer FX to retail clients (ECN or not). And IB is a broker-dealer. I suppose they will continue to offer FX in UK, SG and HK but not in the USA.
- shrike replied May 25, 2016
Interactive brokers will be the most notable victim of this.
- shrike replied May 25, 2016
The land of the free..
- shrike replied May 20, 2016
There are a lot of users who are clearly shilling for OctaFx lately..
- shrike replied May 8, 2016
Didn't an angry mob of traders bash in IronFX's front door in china, demanding their cash? Sounds more like self-service..
- shrike replied May 5, 2016
And then you go to NZ? You are probably aware that NZ was the home of many FX related scams and bankruptcies - although apparently they tightened up in the past years. Talk about regulatory failures.. London is the center of the world, as far as FX ...
- shrike replied May 5, 2016
Only retail clients will be compensated by FSCS. You as a broker are either a professional client or eligible counterparty, certainly not retail. Also client money from pro and EC clients doesn't have to be in a seggregated trust account, and can be ...
- shrike replied May 4, 2016
@FXPig: tell me one case where FSCS in UK didnt pay out? They payed out millions in the last 10 years, it may take a while but so far they always came through. In my opinion as a retail trader UK is the only way to go. Maybe you can afford it too in ...
- shrike replied May 3, 2016
The average IB account-size is $125K. Much higher than the average retail FX account. I suppose thats one of the reasons IB jumps (or economically can jump) through the AML hoops for their clients while the others don't.
- shrike replied Apr 18, 2016
IB lost a cool 120 million with the SNB incident. Negative client balances they couldnt collect. But according to Peterffy 99% of the losses occured in futures, not spot. And the bulk of the losses were only 4 clients too.
- shrike replied Apr 16, 2016
St. Vincent and the Grenadines
- shrike replied Apr 13, 2016
Its more like the clients failed FXCM to pay what they owe at the CHF incident.