Brokers that went broke, and their history
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Thread: Brokers that went broke, and their history

  1. #1
    Hi!

    I'd love to do some research on broke Brokers, finish delinquencies and take overs from White Knights. So any help is welcome. Useful Info is;
    Name of Broker/ dimensions in #accounts, market value, flip over / date of Revelation / source of Problems / final result = bust or obtained over
    I want to assess whether there are any Patterns in the Price reaction of recorded competitors .
    Thanks in advance

  2. #2
    Gallant was in the news recently for going bankrupt. They appear to be a BVI business that is small. Not sure what the end result, but the customers got their money back.

  3. #3
    Anyone remembers GFT Forex? When I was new to trading ten decades back, I believed to open an account with them, as I have heard a lot of good things about them.

    But when I returned into trading nearly one year ago, they've disappeared. Forex.com purchased them.

  4. #4
    Quote Originally Posted by ;
    Anyone Recalls GFT Forex? When I was new to trading I considered to start an account with them, since I have heard a lot of good things about them. But when I returned to trading they've vanished. Forex.com purchased them.
    In order to me, if anybody considering at any broker, they should go FPA to make sure their trading functionality. The actual trader express their testimonials about their brokers in here.

  5. #5
    I remember when worldspreads went. That was once they offered loads of promotions including zero spreads

    afterward there was pfg best and mfg and alpari and also a couple of other smaller ones

  6. #6
    Way before the play with FXCM being kicked from the American market https://smnweekly.com/2016/02/29/fxc...or-bankruptcy/ A total of 10 creditors were holding $1.56 million in fully unsecured claims, with one one holding marginally over $1.5 million. Avail Trading Corp.'s assets were in the $100,001-$500,000 range, which has been less than the claimed amount, hence the bankruptcy. I wonder whether this occasion wasn't some type of a harbinger of things to come, however, it's potential FXCM's issues and this bankruptcy had been unrelated.

  7. #7
    Hey mates,
    I recall Alpari UK and many others spectacularly going out of business after the occasions on 15 January 2015 -- the so-called CHF event.

  8. #8
    I think the difficulty is frequently people don't read out the policy of specific broker then there are problems later. Thus, it is reasonable to work out instead of needing to worry matters upfront.

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