Admiral markets forex nawigator

We already noted how such events are tests for brokers. And now, here is a round up reactions updated. This is only a partial list giving you an idea of the range of responses: OANDA and Dukascopy stand out by forgiving negative equity.

You can see headlines from both sites on our Forex Tools page. Subscribe to our iTunes page. After admiral a short course about forex. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. I have a B. Given this background, forex software has a relatively bigger share in the posts.

This led to significant losses for many market participants. We would like to reassure you that HotForex is operating as normal, and was not affected in any material way. Our strict Risk Management procedures minimized the impact of this event. Furthermore, we have stayed true to our markets of Honesty, Openness and Transparency. As testament to our commitment to fairness, all negative account balances have been reset to zero and any clients that bought CHF have been paid in full.

We are very proud of our reputation in the market and we are confident that after this event our reputation will grow even stronger. We would also like to take this opportunity to thank all of our clients and partners for their continued loyalty and we are looking forward to a strong As a last note, please exercise extreme caution if entering the markets today as the volatility seems to be set to continue.

It is alarming indeed. I will update when I get information. Tickmill coming out strong from this turmoil and even looks to acquire trouble companies. Tickmill looking to buy clients of troubled FX brokers: Switched to Tickmill on January 1st this year. IG also on acquisition mood: Regarding 7; CMC Markets also like Nawigatori. Just to add, that email was sent after 10 hours. During nawigator day they allowed further trading and there were no restrictions markets access the account.

What are your actions after this? I just want to clear up the situation. Not so much hope but any way waiting for their answers…. I am in the same situation, and I plan to lodge a complaint with the FCA.

The adjustment came 9 hours after and i assumed for the whole day that my positions were closed at admiral stop loss price. Hi Emil and all others, I am a victim of CMC Markets price adjustment notification.

Obviously I find this tottaly unacceptable, unreasonable and unfair treatment. Please reply to this post in case you have become the subject of the same treatment. And as far as I know, CMC Markets treat all trades related to chf in the same way.

It would be very helpful if we can stand up collectivelly. If you also think that this may be helpful, please contact me at this email: John I am also a victim of CMC Markets.

They activated my SL at abt pips then hours later made a pips revision. I would like to join the group to take an reasonable action. Tell him what you think of your price adjustment after Cmc have advertised no re-quotes!! Regarding 3, AvaTrade to did similar to at least Saxo and CMC and adjusted the trades. As you probably know, the Swiss National Bank removed the floor of 1.

Following the announcement, there was no liquidity on the CHF pairs and the EURCHF market fell nawigator the floor of 1. Seems at least Saxo claims an even worse fill price of 0. Kindly inform about updates at Citi FxPro. Thank Yohan, can you please share what have you heard about the loss? Do kindly add on the thread if someone gives you more info about amendments of trade, which would be strange right post that.

At the moment I have no information about Instaforex. German DAB bank stopped providing prices and executing orders shortly after the announcement. Only 20 minutes later their platform resumed. I received a call from the bank telling me that the bank seeks to recover the I will fight this, if necessary in court. According to the their contractual obligations, they are to provide prices on the basis of the relevant market. The inter bank market was working and it took 10 minutes for price to go down to 1, On the way down price went down and up and down….

There was hence liquidity. The bank had an obligation to protect its customers and be prepared to execute stop loss orders at market levels. The fact that their own liquidity providers did not provide them with liquidity is the banks risk which they should have managed better through hedging. Thanks for the information John. I hope you recover quickly. That kind of pricing is quite extraordinary…. Any news ow they handled this? I hope others follow. I just wrote an article about this.

Fortunately I didnt have any losses, but obviously worried about my funds at my broker anyway, who could have done. I longed USDCHF with CMC. What is the point of me placing a stop-loss even? Where is the transparency? I reported the case to local authority.

Other than Oanda, which other brokers do not requote clients? I had similar case with Saxo. I had stop loss at 1. They executed it at That is fine, this is nawigator I expected them to do. However next morning they arbitrarily changed price to 0. I think it is like a free robbery! I know that they have a fuzzy sentence in their General Terms about changing issued prices back in time in special cases. However in this case it is not really markets. You can hardly say that Otherwise they would close it at a much different price.

Or much later in lack of liquidity. They close that position at that time and at that price because the actual market information justified it for their trading algorithm. The problems started later! Their statement sounds like if the price was 0. They act as Market Maker. That makes them profit normally above the spread.

In fast changeing markets their trading algorithm may fail and generate losses. And now they try to push their unexpected losses to those customers who have some money left after a responsible stop-loss execution.

Saying in an other way, they put the losses of their trading strategy on you instead of consolidate it with the profit they do during normal periods. The tool is overwrite the past!

Thanks for sharing Enco. This is certainly annoying. They are not the only broker to do so, but such a move is no fun. I think all traders around the world should be warned about Saxobank General Terms which allowing them to change prices back in time. How can this be done, Yohay? You should join us by sending your email to Admin: In such circumstances, without prejudice to any rights it may have under Danish law, Saxo Bank shall not be bound by any Contract which purports to have been made whether or not confirmed by Saxo Bank at a price which: In which case Saxo Bank reserves the right to either 1 cancel the trade all together or 2 correct the erroneous price at which the trade was done to either the price at which Saxo Bank hedged the trade or alternatively to the historic correct market price.

In order for Saxo Bank to quote prices with the swiftness normally associated with speculative trading, Saxo Bank may have to rely on available price or availability information that may later prove to be faulty due to specific market circumstances, for instance, but not limited to, lack of liquidity in or suspension of an asset or errors in feeds from information providers or quotes from Counterparties.

If so and if Saxo Bank has acted in good faith when providing the price to the Client, Saxo Bank may cancel the trade with the Client but shall do so within reasonable time and shall provide the Client with a full explanation for the reason for such cancellation.

These points raise several problems in general, especially with Market Making activity, where the price is set buy Saxo at his will. In this case they cannot say they got errored prices at all. In this position they declare a price which is their decision and cannot be considered error. All this process is their trading strategy or algorithm after which they are responsible.

But to make point 6. To prove this they need to show us credible statement from all of their liquidity partners that they gave no sell offer to Saxo or gave worse than 0. It is obviously not possible if liquidity partners are honest. And in general a fixed price cannot be applied for the whole time period. Clearly these prices and time period are not coming from the market, but they calculated as an aftermath to hedge the losses of their trading machine.

Forex this point as again not applicable because they changed the price and not cancel the trade. And response time was not reasonable and I got no full explanation.

The first thing I observed about it was around next morning 8am when my account was changed. And I got short email notification only 3 hrs later. I would not call this reasonable time. What we can do? Of course you can always start legal action, but it will be lengthy and maybe pricey. Maybe besides that we can also turn to the Danish Financial Supervisory Authority http: Namely — To change executed trades prices after 12 hrs of execution.

One sided, no notice. We can also raise similar questions to local financial authorities as well. More people raise these questions, more publicity than more pressure on Saxo to withdraw their sick decision and abuse their business power over individual clients. Gregor, we posted simultaneuosly. See my post while I think these points are not really applicable in the current crash, especially if you had a properly executed stop-loss early enough.

I think point 6. In this case it can happen in theory that they receive wrong data from and external source due to the failure of the external source.

But it is not very likely today when all these suffs are computerised. A heard some cases but those were coupled with after or before hours trading. Admiral MM they cannot refer to external errors and they are responsible for their decesions. They cannot change it backwards in time based on information collected later in time, after which they have already influneced their clients and possible the market. No any business can do that. If they can do it, than it is not business anymore but free robbery and abuse of market power.

Anybody or comments will be helpful. Kindly update about CitiFX Pro please. Did anyone hear anything about amendment? Are they facilitating withdrawals yet? Pay attention to Alpari. Cmc Markets AVOID them! My position was executed out at 1. This resulted in little or no liquidity in the affected Swiss currency pairs, with several liquidity providers upon whom we place reliance to generate the Prices on our Platform ceasing to provide any prices during this time.

These events gave rise to Circumstances Outside Our Control which impaired the ability of our Platform to quote correct Prices, resulting in Orders forex to be accepted at incorrect Prices for the affected Swiss currency pairs. Given the circumstances we determined it fair and reasonable to take a Reserved Action by varying the Prices at which the affected trades were accepted on our Platform to reflect the correct Prices in accordance with the terms of the Disclosure Document, including but not limited to sections This variation in Price was applied to all affected Accounts as a cash adjustment which can be viewed in your Account history.

The first available sell price applicable to your EURCHF was 1. Cmc have no morality being a market maker and I will complain to financial authorities here with how they can show an executed stop price then adjust with no details till I complained. Application of Disclosure Document to the events above on your account The justifications for the adjustments that we have made to your Account are set out in the DD, which forms part of the agreement between you and us in relation to all Trades.

The relevant sections include: As noted in section In this case, the actions of Swiss National Bank and the resulting effect on markets fall within the scope of each of the above circumstances in that they affected our ability to generate correct pricing as a result of a lack of pricing in the underlying market together with unreliable and sporadic pricing by third party liquidity and pricing providers.

Following a Circumstance Outside Our Control, upon the resumption of correct pricing, section This is also in-line with our Order Execution Policy that states that Orders are executed at the first available price buy or sell.

In addition, section 2. In particular, section We note that the risk of gapping, and the risk of an Order not being executed at the expected Price is outlined in several places in the DD, including sections Conclusion In accordance with the above information we view the actions and adjustments taken with respect to your Account as correct.

If you are dissatisfied with our response to your complaint you are entitled to refer your complaint to the Financial Services Complaints Limited. Please see our Complaints Procedure for details of the complaints handling process. I suggest all connecting and doing a legal action together! Here is a website, markets to gather and unite against CMC Markets:. I will contact all the other traders who has negative balance from CMC Markets as result of their unfair trading adjustment on EURCHF!

I have a negative balance with ETX but remain in the dark about whether they will be forgoing it or seeking to recover. Not received any response since last week.

There should be a log entry about it. All just about the money — you have to be extremely careful how your brokers deal with -ve. So why even adjust the price? They are not ECNs which had full positions in the market.

CitiFx Pro admiral executed stop loss orders all between 1. I had a bad execution from a major swiss bank after SNB. I think that is a great idea Admiral — think we have to put up a Facebook page to set this one up.

I am sure heaps of traders are fuming with cmc markets nawigator this one. Here you can discuss with other people who are cheated by the Saxo bank: Swissquote started sending letters to negative accounts holders asking them to cover the losses until mid-end February.

We are a group of 4 with total losses of more than a million from Interactive Brokers. As mentioned IB wants basically all money back … But there seems to be a lack of information lately as if admiral broker is still making a master plan. If there are others Swiss people affected from charges from IB please join us for information exchange. Everyone should be complaining to the FCA if you strongly believe you have been taken for a big ride by your spreadbetting company.

Where did all that money go? Did it just evaporate? Please can you check on IG. They seem to be chasing negative balances. All an e-petition asking the Treasury to instruct FCA to investigate spread betting firms for failure on best execution has been launched by some guys. For those that have been affected markets believe their should have been more client protection from broker inefficiencies….

Can you please make sure that you sign this petition. Its from an organization called Change. For every one that signs this petition, it will send an email to. I believe that no negative protection needs to be a key essence in all Brokers. This ensures that the brokers themselves do not expose their clients to undue nawigator as with the Swiss bomb of 15 Jan The ones to blame for the huge losses are the liquidity providers as they stopped giving liquidity which is their job and brokers themselves for not taking extreme risk protection measures.

I wonder what would happen if the Swiss reserve bank lets go of the floor? And lets not forget the massive conflicts of interest.

How many liquidity providers own shares in brokers? This is the biggest scam of the century in terms of how some major players made a killing. And shafted ordinary people of their savings or entire fortune. Reeks of a setup for massive profits! Sign up for the petition to fight this loss being passed on to retail traders there is a lot of crooked stuff going on here with the execution prices: Sorry petition link wrong https: It seems a bit aggressive given they are one of the few major brokers chasing negative balances but any additional information would be greatly appreciated.

Some of us are coming together to combine our efforts You can write e-mail to join this class action lawsuit. Prices I have seen for other brokers from various sites. I have been posting here http: Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options.

The Leased Instruments includes: If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.

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Where next after the Eur-phoria? About About The Team Contact Us Tools Forex Tools Tips for Forex Traders Basics Forex Conventions Forex Software News Forex News Opinions Forex Industry Forex Bits Daily EUR USD Daily Daily Outlook Weekly Forecasts EUR USD Forecast GBP USD Forecast AUD USD Forecast Major events USD JPY Forecast USD CAD Forecast NZD USD Forecast Live Calendar Subscribe. SNBomb forex Reactions from 75 forex brokers By Yohay Elam Published: Feb 9, May 10, And now, here is a round up reactions updated This is only a partial list giving you an idea of the range of responses: The company took measures: Consequently, we decided at the time to increase the margin required on our CHF pairs by a multiple of Thanks to this measure ActivTrades was able to protect its clients by substantially limiting their losses.

The firm has not yet entered insolvency updated. Here is the original statement: This has resulted in the majority of clients sustaining losses which has forex their account equity.

Where a client cannot cover this loss, it is passed on to us. Retail client funds continue to be segregated in accordance with FCA rules. And this markets been updated to say that Alpari UK has NOT entered formal insolvency process — sale on the cards. And yet another update: UK unit scrambling for sale; Japanese unit asks clients to withdraw funds. And now, FXCM could be the buyer of Alpari UK. Quite amazing if this really happens.

At the moment it is denied. And now, the WSJ reports that Forex may buy Alpari UK. Alpari UK enters administration after no buyers found. There are already 5 suitors for Alpari UK Avatrade: According to reader Paul thanks! The overall financial impact on AxiTrader has been limited and our regulatory capital and cash resources remain above the regulatory requirements.

This is what the broker says: It is very much business as usual for City Index and our global client base. CMC Markets sustained some losses, however, the overall impact forex possible bad debts has not materially impacted the Group. All retail client funds are fully segregated and protected. This broker reports business as usual and links to news about FXCM and IG in their statement.

Here is what they say about their situation: For our part, yesterday was business as usual. We suffered minimal losses as low-leverage customers were margined out and there was no market depth for them and therefore, us to stop their therefore, our losses. Broadly speaking, our low risk policy paid off. Still En-Route To 1.

Next Article EURUSD, USDJPY, GBPUSD Pivot Points and TA — Feb. Jun 14, 0. Jun 12, 0. Jun 5, 0. Update from HotForex sent now: Kind Regards, The HotForex Management Team. Thank you very much! Any news from instaforex broker? Who is your broker? Did you nawigator contacting them directly? Oh, very sorry to hear that. Note that some brokers are forgiving negative equity. Thanks for the update Gregor. I hope you get some good answers! Citibank can certainly absorb this kind of loss. Hi Marius and Emil, I am in the same situation, and I plan to lodge a complaint with the FCA.

Could you update if you hear anything from them? Al Fight CMC Markets. If you have any questions please do not hesitate to contact our customer care team. I wonder how the 1. Would be interesting to see as well how the brokers executed stop losses. Hi, any nfo on sunbirdfx and caesartrade? Their websites seem to work as usual.

What about XFOREX Can you plz. I have reached out to them. At the moment the website looks alive. My account in Interactive Brokers is now negative due to the CHF movement. Am I liable for that negative balance? Really appreciate any help on this. Hi, I had similar case with Saxo. I think in the reality this is what goes on with Saxo and many other brokers: What you guys think?

Its the same with cmc. Are you also screwed by unacceptable behavior of CMC markets?? Hello Eld, are you also one od those penalised by unacceptable steps taken by Cmc?? What did CMC answer you, after you complained?

Hey Gino and AI. Here is a website, created to gather and unite against CMC Markets: Thanks so much for creating this website! It is really unfair what CMC did! Forex dont trust any admiral trading brokers! Hi Al, what exact time including sec did they execute your stop order? Hi Enco all my stops which had been set at 1. Global Prime from Australia is okay as can be seen on this post markets Dear Ajax, Do you have more info about CitiFx execution after SNB removed the floor?

CMC did a trading adjustment that left my account with a negative balance of almost K. Any other traders left with negative balance at CMC after the trading adjustment? GFT UK part of Gain Capital are already asking clients to pay back negative balances.

IG still chasing and picking off people one by one. Can you forward a letter you received from them regarding negative balances? No matter what broker you used…. Hmmm And lets not forget the massive conflicts of interest. Read More Launch DataFlash. Useful Links About The Team Contact Us Advertising Forex Calendar Event Forex Admiral.

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