I Wont be letting go either. I have started to gathering evidence to take to the FOS. Orders and their data do not line up.
I Wont be letting go either. I have started to gathering evidence to take to the FOS. Orders and their data do not line up.
I'm in the same boat. At the point my account balance is 6825.27 USD and free margin is about 7700 USD. My account simply have 0.1 Regular Lot of USD/CHF, however since IC Markets MT4 platform flow erroneous prices and implement my own USD/CHF at prices 0.25473 they shouldn #8217; t have, therefore my account needed to blow off and all profit orders needed to be shut.
Latest Announcement From IC Markets Regarding ECB QE
This is to inform you about the essential ECB statements expected tomorrow (Thursday, 22nd January, 2015)
All eyes will be on the ECB and Draghi for tomorrow's press conference (1:30 PM GMT) With the ECB's interest rate decision also being held elsewhere (12:45 PM GMT) and a strong belief held that the ECB will use this meeting to announce details regarding their quantitative easing appliion. Markets and spreads are more likely to be extremely volatile and will expand during this age.
In prep for ECB's QE/Rate announcement please make sure your account's exposure is kept to a minimum is well capitalized to prevent liquidation. IC Markets will be changing the leverage across all of pairs to 100:1 during the Asian session tomorrow. Any account with an exposure of greater than 50 times its worth will be assessed for liquidation/position reduction prior to the announcement.
The low leverage will be effective until 26th of January 2015, place which regular leverage is going to be assessed on pairs.
WTF did they need to decrease the leverage for so LONG???!!! WHY extend it through Friday and Monday LONG after the media conference??!! And reduce it to 100:1 for ALL pairs??? What is USD/CAD got anything to do with what's occurring in europe??? The only opportunity we make some money and may have a little bit of movement and it is killed by them. *Sigh* What am I going to do with 100:1 leverage, I am only able to trade just ONE lot. It's only an ECB press conference for We've traded through several ECB press conferences, Fed bills fine, that which we are likely to have leverage decreased every single time when there is a little bit of news??!! We were all f***ed from the bull***ing s*** liquidity providers a.k.a. liquidity stoppers during the SNB, today we are paying for this.Originally Posted by ;
That can be called Changing the rules in the center of the game and it is unacceptable.
The first thing I'll do after sending this post is to withdraw all of my cash and discover another broker.
Done!
I posted this to another thread a moment back, any help appreciated.
I'd like to understand what this statement (about ECB) really means? Unfortunately I lost quite a lot of money since last week's events. My margin amount is floating around 130% have .90 lots of shorts on xau/usd which is uselessly hedged using a .90 long around 1300$ levels. (shorts are varied from 1175 - I know - to 1225)
I am worried my account may be closed since this announcement.
And you know the worst part? Let's assume they finally decide to reimburse the money their IT systems allowed to be stolen for a moment. It's practically been a WEEK now these positions which were wrongfully liquidated - and that should be reinstated - happen to be floating freely in this explosive market with no chance at for you and I to control risk. And when tomorrow some reason brings our positions to wreck much farther, you bet that it will OUR liability. I have no words to explain how unprofessional their direction of the situation is.
Now what are we being served as an answer to these financial troubles? More announcements showing that IC Markets' utmost priority is anything but of client service. I have not even received one follow-up email from them about my inquiry. Unlike their own legal disclaimers disguised as mere announcements, that goes to show how much they care about the ongoing risk for their customers' balances.
It seems as though their only goal right now is to cover their particular a*** going forward. But if they do, then I will need to cover mine too and increase the problem to the appropriate instances.
They dont answer my inquiries. Live chat is completely useless and say will take a little more time to separate accounts.
Eur/Chf on IC markets platform was 0.7455, is that this worth correct? All other platforms I checked had a low on 0.85 and others even higher!
Good trading with your new broker!
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