January 23, 2015 BY LeapRate Staff
FXCM letter to clients to repay negative balances
FXCM has taken another step to erase negative client balances - merging accounts.
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January 22, 2015 BY LeapRate Staff
Do FXCM clients with negative equity balances have a right to refuse to pay?
FXCM has stated that its policy is generally not to pursue claims for negative equity against our customers.
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January 22, 2015 BY LeapRate Staff
Gain Capital decides to forgive negative client balances - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) and its Forex.com unit have sent messages to clients (see example below) that they will not be required to repay negative client balances in their accounts. That marks a quick reversal for Forex.com. On Tuesday we reported that Forex.com (as well as…
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January 21, 2015 BY LeapRate Staff
FXCM shares rise, Class Action law firms circle the wagons
A number of law firms specializing in securities class action lawsuits are 'investigating FXCM' and searching for FXCM shareholders to hire them.
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January 20, 2015 BY LeapRate Staff
Certain Forex brokers going after traders to repay 'negative client balances' - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that some retail forex brokers are now going about the (very difficult) process of trying to get their clients to repay negative client balances. A lot of retail forex traders (which were short the Swiss Franc) lost on paper more than their money on deposit. A lot more. For example, a…
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January 19, 2015 BY LeapRate Staff
Monex Group reports just ¥160M (USD $1.4M) of negative client balances, no Swiss Franc material impact
Japanese retail forex broker Monex Group, Inc. (TYO:8698) has released a statement indicating that it experienced no material negative financial impact from last week's Swiss Franc volatility. Monex did experience some clients with negative equity balances, but those totaled just 0.2% of the firm's assets, or about ¥160 million (USD $1.4 million) of negative balances. The…
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