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Re: mighty mouse post# 14024

Monday, 03/02/2015 11:50:06 AM

Monday, March 02, 2015 11:50:06 AM

Post# of 18419
Mighty mouse, you were given a false reply backed up by NO real facts. The fact is that when the Swiss lifted the cap on the Franc it caused an event that almost ruined most forex brokers. FXCM being one of the strongest is in the midst of a great recovery! I have copied and pasted facts from an interview with Drew Niv the largest shareholder of FXCM below:

"During this historic move, liquidity from banks became extremely scarce and shallow, which affected execution prices. Liquidating these trades in normal conditions would generally be quick, but instead took much longer because banks were not making markets. This was a flash crash. The move by the SNB affected the entire FX industry globally – both retail and institutional markets – and more than $10 billion was lost by financial institutions."