LATEST STORIES

*** Feb 2, 2016 - UK FCA Raises Concern Over Firms Trading Unlisted Derivatives

*** Feb 2, 2016 - The Guardian - FCA Orders financial betting firms to do more to protect customers

*** Feb 2, 2016 - Reuters - FCA fires warning shot at spread betting firms

*** Nov 23, 2015 - Central Bank of Ireland - Inspection finds 75% of clients lose money

*** June 4, 2015 -Reuters - IG Accused of prioritising own trades during Swiss frank frenzy

*** June 4,2015 - Forexlive - IG traded its own account for 7 minutes after SNB cap was removed

*** June 15, 2015 - The Times - It's a swizz: clients accuse IG over Swiss franc losses

*** June 16, 2015 - Profit-Loss - Clients Accuse IG Group of "Systemic Failings"



PREVIOUS STORIES

Aug 28, 2010 – The Sydney Morning Herald – When brokers are the enemy

Feb 26, 2014 – FCA – The Financial Conduct Authority fines FXCM UK £4mn for making ‘unfair profits’ and not being open...

Sep 4, 2014 – Profit & Loss – Saxo Bank Hikes CHF Margin as Eyes Turn to the Cross


Jan 15, 2015 – Forex Live – How it happened for EUR/CHF when the SNB pulled the plug

Jan 15, 2015 – Finance Magnates – Breaking: IG Group Facing Losses of up to £30mn, Tip of Industry CHF Volatility Losses?

Jan 16, 2015 – Finance Magnates – The Foreign Exchange Market’s Black Thursday: Industry Losses May Surpass $1bn

Jan 16, 2015 – Forex Live – Broker News: SNB fall out news repository

Jan 20, 2015 – Proactiveinvestors – IG Group to learn lessons from Swiss franc episode

Jan 20, 2015 – Evening Standard – IG Group vows to learn as it loses £30mn from Swiss Franc surge

Jan 20, 2015 – Telegraph – IG Group warns on profits as company nurses Swiss franc losses

Jan 20, 2015 – City AM – IG Group had strong half-year before Swiss Franc share shock

Jan 26, 2015 – Reuters – Questions raised over Swiss franc retail trades

Jan 26, 2015 – GodmodeTrader - CHF-Turbulenzen: Ursachen und Folgen für Broker und Trader

Jan 27, 2015 – Irish Times – Traders staring at unimaginable losses from euro-franc peg abolition

Jan 27, 2015 – Reuters – JPMorgan Profited from Soaring Swiss Franc: Bloomberg

Jan 28, 2015 – Forex Magnates – Breaking: FXCM Inc to Forgive 90% of Negative Client Balances

Jan 29, 2015 – Forex Magnates -  How is Your Forex Broker Doing Two Weeks after the SNBomb?

 

Feb 4, 2015 – Finance Magnates – History Favors the Prepared: GAIN Capital’s Glenn Stevens Talks Strategy and CHF....

Feb 5, 2015 – Forex Magnates - IC Markets Covering 90% of Client Negative Losses from Swiss Franc Volatility

Feb 9, 2015, Forex Crunch -  SNBomb – Reactions from 75 forex brokers

Feb 11, 2015, Forex Magnates – FxPro CEO Discusses Leverage, Agency-Model Prospects After the SNB Crisis

Feb 11, 2015 – Forex Magnates -  On Negative Balances, Industry Practices and Terms & Condition Habits

Feb 12, 2015, Forex Crunch - Negative Balances: warning the clients just isn’t enough

Feb 13, 2015 – Reuters – Forex market too reliant on e-trading – industry body

Feb 17, 2015 – Finance Magnates – How Can Brokers Evaluate Risk?

Feb 20, 2015 – FXStreet.com – FxPro Chairman on Negative Balance Protection Importance

Feb 23, 2015 – Profit & Loss – Retail FX Clients Call for FCA to Investigate Sector Practices After CHF Losses


Mar 2, 2015 – Profit & Loss – IG Changes Margin Rates Following EURCHF Cap Removal 

Mar 5, 2015 – Reuters – Online trader IG Jacks up franc margins, clients call foul

Mar 7, 2015 – The Spectator – Take Control of your Trading

Mar 9, 2015 – FT Alphaville – Appropriate bucket shop regulation needed (and coming)

Mar 12, 2015 – Finance Magnates – FXCM Publishes Second-by-Second Account of “SNB Flash Crash

Mar 13, 2015 – Reuters – FCA responds to IG clients fighting Swiss Franc losses

Mar 13, 2015 – Profit & Loss – FXCM Estimates Curcuit Breakers Saved Clients $100mn During SNB Event

Mar 17, 2015 – Reuters – UK’s IG says has discussed handling of franc surge with FCA

Mar 17, 2015 -  Evening Standard -  IG Group fears most of the £18mn wiped out on Swiss franc shock is lost forever

Mar 17, 2015 -  Telegraph – IG Group customers rack up £18.4mn of debts after Swiss franc turmoil

Mar 17, 2015 – FT – IG Group reveals the extent of Swiss turmoil toll

Mar 17, 2015 – City AM – IG Group shows how it stomached the Swiss Franc shock

Mar 17, 2015 – Finance Magnates – IG Group Expects to Provide for Majority of CHF Related Client Debts

Mar 18, 2015 – The Sun – Heaven Alp Them  - 400 betters owe £18mn after currency shock

Mar 18, 2015 – The Independent – How could a teacher on £18,000pa lose £280,000 spread betting?

Mar 18, 2015 – The Times – Swiss franc losses might never be repaid, says IG

Mar 19, 2015 – FX Week – IG under fire from clients with huge negative balances

Mar 19, 2015 – Spiegel - Privatinsolvenz durch Franken-Freigabe: 2800 Euro Einsatz, 280.000 Euro Verlust

Mar 23, 2015 – Finance Magnates – Australian Watchdog Chief Confirms Tightening of FX Regulations

Mar 24, 2015 – Fairer Finance – Should Consumers be allowed to lose £250,000 in a few minutes?

 

Apr 2, 2015 – ABC News Australia – Francogedden re-ignites calls for foreign exchange trading limits

Apr 10, 2015 – Reuters – GAIN CEO says Swiss franc fallout will cause brokers more pain

Apr 23, 2015 – The Times – Traders furious after online system crashes

Apr 24, 2015 – The Telegraph – How 370 investors lost £18mn - in minutes

Apr 30, 2015 – Business Insider – IG clients who got wiped out describe 10 minutes of hell as their trades went unsold.......