The Forex Industry Battles EUR/CHF Meltdown: Real Time Updates
Forex Magnates provides a breakdown of the EUR/CHF crash's impact on the FX industry. See how much each broker lost,
Forex Magnates has compiled the complete list of brokers who have revealed the effects on their business of the SNB’s decision to abandon its 1.20 price floor for the EUR/CHF exchange rate. We detail how much each broker lost, who is looking to take over failing competitors and who is looking to get bought out of the market.
The most recent news is that Monex Group’s negative balances amounted to around $1.37 million. And that the IKON Group announced IKONFX suffered no significant losses during the SNB announcement.
This list gets updated as soon as new information is exposed.
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16 Comments on "The Forex Industry Battles EUR/CHF Meltdown: Real Time Updates"
So where does the Saxobank loss estimation come from? Did they not say that their risk management systems avoided larger consequences, since they set max leverage on CHFEUR trades to 12.5x?
You still have the wrong info on IB, CHF trading is not suspended. Are you doing this on purpose?
does the charting program automatically save the tableas an image, or doyou do that manually with a separate program?
How do you verify a broker is actually ok?
It’s interesting that some information is missing or incorrect. I wounder what going on with Ikon group. They have advertising on this site but not a word was written, that must not be good :S
Dear All… this is Yazan from IKON Group and we confirm that we were not affected and we shared our press release with Forex Magnets and it will be posted shortly
@Felipe Graciano – I saw IKON posted info the web.
Yeah two banners, but no mention on the list kinda strange. Maybe ForexMagnets decided the list is big enough???
http://www.ikonfx.com/content/ikon-group-announcement-regarding-recent-collapse-and-losses-other-competitors
Hi Felipe,
CEO of IKON Australia here.
All good on the IKON Ship, surprisingly we didn’t have many people trading CHF pairs at the time of the collapse and we didn’t really get affected by the moves. Most of the action we saw was on the other pairs like EUR/USD which moved a lot during the period of volatility. Smooth seas and calm oceans with IKON Group.
If you have any questions you can mail us directly ics@ikonfx.com
Cheers,
Joshua Dentrinos
Dear all,
Head of Marketing of IKON Group is here.
we are pleased to annouce that the list has been updated and our name is in the table above.
if you have any questions you can email us directly ics@ikonfx.com
Regards,
Yazan Shakfeh
Alpari UK Insolvency Does Not Affect Other Alpari Companies
http://alpari-forex.com/en/company/news/2015/01/19/alpari_uk/
ActivTrades message about CHF pairs:
Dear trader,
Please note that with immediate effect the below currency pairs are on close only until further notice:
EURCHF, AUDCHF, CHFJPY, CADCHF, GBPCHF, USDCHF and NZDCHF.
The margin in CHF pairs is 1/16 of the account leverage.
So much for the A book broker model. Retail punters better start learning that what they think is good for them is actually far more dangerous.
Add that there are lawsuits against Saxo, CMC, ETX, FXCM, Barclays and UBS.
John C, please explain ref your comment lawsuit cmc?
OMG All brokers in Poland are in good health. I can’t believe that the greatest west brokers
are so stupidly managed …
Join us if your broker is chasing you for negative balances.
http://www.negativebalances.com