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rob559
Jun 25 2016 at 21:07
1916 Posts
vontogr (togr)
Jun 27 2016 at 07:18
4862 Posts
rob559 posted:
wrong place my bad

Its ok, I would say on brokers like FxPro conditions are back to normal while on other its not.

stian
Jun 27 2016 at 07:58
325 Posts
Pepperstone choose to be cautious, but have sent a mail where they double the leverage of EUR and GBP pairs and it will be back to normal on Friday.

xgavinc
Jun 27 2016 at 09:08
235 Posts
rob559 posted:
is the leverage back to normal on your side guys?


Back to normal here (margins). So hopefully a little more volatility this week will provide some added gains. I think we will experience a few more ripples the next few months as the complexities are ironed out, and years of volatility as the UK restructures itself or goes back to EU.

For every loss there should be at least an equal and opposite profit.
mlawson71
Jun 28 2016 at 08:41
1487 Posts
I was going through the Brexit tag here again (https://smnweekly.com/tag/brexit/) to check for the same and it's kind of a mixed bag. Some are returning to the old trading conditions, some are keeping the hiked up requirements. Thankfully, all brokers so far report that they are financially stable after the market crash last week.

stian
Jun 28 2016 at 08:59
325 Posts
The market didn't run dry, people that ran into stop outs could have their accounts liquidated without experiencing insane slippage that would cause the brokers to potentially loose money.

vontogr (togr)
Jun 28 2016 at 09:03
4862 Posts
stian posted:
The market didn't run dry, people that ran into stop outs could have their accounts liquidated without experiencing insane slippage that would cause the brokers to potentially loose money.


It was quite opposite. Markets were not dry but volatile.
On the other hand there are still more summits to discuss the Brexit conditions and we are seeing NFP on Monday
so this week still see some movements

Magixs (Magiic)
Jun 28 2016 at 09:07
435 Posts
togr posted:
stian posted:
The market didn't run dry, people that ran into stop outs could have their accounts liquidated without experiencing insane slippage that would cause the brokers to potentially loose money.


It was quite opposite. Markets were not dry but volatile.
On the other hand there are still more summits to discuss the Brexit conditions and we are seeing NFP on Monday
so this week still see some movements


It makes trading that much more interesting. :)

Ozzie Matt (aeronthomas)
Jun 28 2016 at 09:08
1557 Posts
stian posted:
Pepperstone choose to be cautious, but have sent a mail where they double the leverage of EUR and GBP pairs and it will be back to normal on Friday.
Ic Markets doing the same increase leverage for now, back to normal Monday. Fx Pro were best as they are already back to normal and also only reduced to 1:200 not 1:50 like Ic Markets and others did. FxPro with their instant execution account did have requotes that did cost me some money durin the event trying to close trades still did very well, but have swapped accounts to market execution now, will see how they do on slippage when compared to my other broker IC.

stian
Jun 28 2016 at 09:20
325 Posts
togr posted:
stian posted:
The market didn't run dry, people that ran into stop outs could have their accounts liquidated without experiencing insane slippage that would cause the brokers to potentially loose money.


It was quite opposite. Markets were not dry but volatile.
On the other hand there are still more summits to discuss the Brexit conditions and we are seeing NFP on Monday
so this week still see some movements
Indeed. And that is what made this event much less critical than the swiss peg removal. It's fun to trade it, but folks should be aware of risks in todays market. JPY is way too strong, interventions could happen if it dips below 100. Swiss central bank is already on it, Norway consider rate cuts because of brexit as a necessity, so does BoE, should the EU representatives seriously play hardball with UK, the EU markets will go down the drain along with the UK markets. Yellen might move the rate hike expectations way into 2017 if the market volatility continues throughout the summer. So it looks like this years summer season is just as interesting as last years (Greek crisis).

xgavinc
Jun 28 2016 at 09:54
235 Posts
It's ironic how they are now reporting 'the real effects' of the exit vote on small shops, industry, the people in general, etc. with many saying, 'well if I knew that, I would have voted remain'... always a political clown show to gain 'support' and then people are stunned after the fact when they learn 'the facts'.

People don't think:

Students studying in EU?
UK people working in EU?
UK companies with branches in EU?
Licensing sale of EU specific products?
Acceptance of EU currency? (many companies have this as their core model - EU currency loans, conversion, etc.)
EU companies with building contracts underway in UK?
... the list goes on, all will be affected and possibly all nullified.

Announcement was made yesterday by PM that all things will remain intact while discussions are underway (caused some calm)... but reform is coming and the effects are still up in the air... the EU referendum became an immigration referendum (which has a high likelihood of not changing regardless of an EU exit... there's that free market thing... you want? yes? then free movement. Doh!

For every loss there should be at least an equal and opposite profit.
Magixs (Magiic)
Jun 28 2016 at 10:10
435 Posts
Or maybe a PO to globalization :D

vontogr (togr)
Jun 28 2016 at 16:17
4862 Posts
First victim of Brexit or victim of own unresponsible behavior...
Dear Valued Client,

the recent negative performance of several of 3TG Brokers' major money manager partners’ trading systems affected the company in a largely negative way. After careful deliberation the management of 3TG Brokers decided to cease all operations as under the current conditions the company can not continue its operation in an economical way. Along with the termination of the trading service, the company has decided to transfer all client funds to a custodian account from which all clients can receive their funds in a safe and transparent way currently held with the company. The repayment process involves several hundred transactions, therefore we would like to ask your patience.

While the repayment process is in effect unfortunately 3TG Brokers support can not process any other inquiries.

The Special Administrator of the custodian account is responsible for ensuring that all funds have been cleared from the company account and to satisfy all rightful client claims from the custodian account. In order to allow the Special Administrator to fully oversee the process, the company provides a list of all client accounts with their closing balances available for withdrawal. All client data will be handled with full discretion, only used for the repayment process. The order of the processing of the repayments are stricty based on the receipt of the payment request. The repayment is considered concluded upon a successful transfer of the funds due. Once the repayment is successful 3TG Brokers considers all other monetary claims waived.

In order for the repayment process to be as smooth as possible we would like to ask you to send your claim via your registered e-mail address with the subject 'withdrawal' containing the following information:

- Your name and registered address
- Your trading account number (if more than one, than please inlcude all withdrawals from all accounts in one e-mail, with all required information)
- The amount of funds you wish to withdraw (You can check your balance in your latest Daily Report of the trading activity e-mailed to your registered address, by logging in to your account through the MetaTrader Client Terminal or logging in to the Client Zone on the 3TG Brokers website by using your credentials. Your credentials are your account number as your login and the password you entered during account registartion.)
- Your bank details you wish your funds to be transferred (Bank Account Holder's Name, Bank account number (IBAN), Bank Name, Bank Address, SWIFT code)

Please note that 3TG Brokers can process EUR and USD transfers.

to [email protected]


Thank you for your cooperation!

Best regards,
3TG Brokers Operations

rob559
Jun 28 2016 at 19:04
1916 Posts
[email protected]

do you know anybody having their trading acc there?

vontogr (togr)
Jun 28 2016 at 19:48
4862 Posts
rob559 posted:
[email protected]

do you know anybody having their trading acc there?


Nope but there were some very nice accounts here on MFB

xgavinc
Jun 28 2016 at 22:54
235 Posts
'major money manager partners’ trading systems' - interesting term.

I really thought all brokers were well prepared this time round. :-/

For every loss there should be at least an equal and opposite profit.
stian
Jun 29 2016 at 00:16
325 Posts
Just in from Pepperstone:
Dear Stian,

We previously notified you regarding increasing leverage on EUR and GBP pairs in a staged approach earlier in the week.

This email is to notify you that our leverage/margin conditions have now returned to their pre-Brexit levels effective immediately.

BV350IE
Jun 29 2016 at 06:19
9 Posts
Did anybody's EA continue trading through the BREXIT? If so, post a link to your performance, I'm curious how your EA weathered the storm. I was trading all the pairs and it seemed that safety in numbers (all pairs) is what helped my EA survive through the storm.

Magixs (Magiic)
Jun 29 2016 at 07:42
435 Posts
https://www.myfxbook.com/members/Magiic/ezefxeas-compilation/1653491


EzeFx EA's, mainly EZE074/5/6/7 traded through USDJPY AUDNZD AUDCAD and NZDCAD

BV350IE
Jun 30 2016 at 06:11
9 Posts
Magixs, it's good to see your EA survived it. From the statistics, I assume you have a grid type EA? If so, it surprises me that a grid EA survived it.

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