Recent content by SMFX

Probably old information to some, but I found out this information about "Rick Kraai" whose real name is Richard Wielenbeck. Did anyone manage to get their money back from this guy? Article: Oregon regulators fine Happy Valley businessman $305,000 for foreign currency trading scheme |...

Looks like "Instant Execution", so they should fill within the deviation otherwise re-quote As an aside, when a broker says "1-pip spread on all major's", you have to assume that's not true though. There's no way they could provide that commission-free, and still make money. They're...

Hi Scythian, Is FXCH an "Instant Execution" or a "Market Execution" type MT4 broker? You can find out by looking at the Order Window (see "Type field") on the MT4 terminal. This is important because the "Market Execution" type MT4 brokers, don't allow any form of slippage control, and the...

I'm really not surprised by this class action given their reputation among traders. FXCM have been in trouble with the NFA before and fined in relation to misleading promotional material plus other matters. http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=1023...

Jason, for the sake of transparency, would you be able to state your job function with FXCM. Do you work in their sales and marketing department?

A few points... 1. FXCM, like all companies, go public to raise capital for their business and owners. It has nothing to do with "pride". 2. " They know our interests are aligned with theirs". Really? I've already shown in your company's own SEC documents how FXCM are outsourcing...

No it doesn't Jason. It supports it. FXCM use "Market Makers" to process their customer's orders. It states that clearly in your company's SEC documents. Have you seen the documents I'm referring to? That document even details the way FXCM are remunerated by the Market Makers who process their...

Jason, FXCM outsource their Market Maker services. That's clearly detailed in FXCM's SEC filings. So your statement is clearly wrong and misleading. The SEC filing also state FXCM had a total revenue of $264 mill in the 9 months to Sep 2010, and a staggering $234 mill of that was from "Retail...

Pharaoh, I totally agree. If people have given the guy their hard-earned money, a simple email update is the least he could do regardless of the circumstances. No doubt his lack of response is causing other people a lot of stress. As a side-note, does anyone know whether these small...

Just out of interest, did any of you guys make money from his managed accounts? I actually used his signal service for a few months, and realized that the posted results didn't include some very large negative floating positions. He only posted closed trades in his past performance. I got...

Hi Cynthia, The best way is to contact ClickBank directly. I did that and got my refund for FTE Use this link. http://www.clickbank.com/orderDetail.htm Then enter your receipt number, and email. Then click on contact support and there's a "refund option". Just type in a message and send...

I spoke with Crown today by phone. They told me I'll be able to withdraw my funds in 10 to 14 days, once the banking audit is complete. They said that the audit was "routine" and was being performed so that they could get their banking license.

Contacted the accounts department myself by phone, and I can confirm what some others have been saying i.e. all withdrawals are currently suspended while the banking commission audit is in progress. FWIW, they assured me my funds would be safe, and I'd be able to withdrawal them in a few weeks...

I have 2 small trading accounts with Crown, and am understandably concerned about the reports I'm hearing. I decided to withdraw my funds. I've only recently submitted the withdrawal forms. I'll let people know how I go. I'm hoping smaller withdrawals like mine will be processed more quickly.

Very good question. I've heard many different explanations. IMO it's related to the massive US equity sell-off we've seen. When a leveraged stock account margin calls, or people cash out from their US equity mutual fund, the payout is in USD's, and the increased demand will strengthen the USD...