Sorry to hear about your losses Kenny, I'm out of pocket as well at the moment. Fingers crossed there is some money left and it finds it's way out to the clients one day.
11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
compuforexpamm posted: Well, this account is in the toilet.............lucky I was only in for about $3k........there are some guys out there that are seriously out of pocket.
I have had good cause to re-assess my point of view on brokers and regulation. As many of you probably know Jade has gone under, with the principal being accused of missappropriation of client's funds. Apparently, just saying that funds are segregated does not make it so.......
I believe that Jade did not intend to steal my money, but the apparent lack of oversight by the authorities has made it easy for soft loans from clients funds. This broker may be 'regulated' in Belize but once money is gone, no amount of regulation will bring it back. I have come to the conclusion that oversight is a key element. If the broker is not accountable on a regular basis to some authority from whom you can get reports, then the broker may as well not be regulated at all.
Guys, let this be a warning, be careful who you trade with.....there are several brokers that make use of the Jadefx business model. Either un-regulated, or regulated in some obscure territory and all servers, liquidity providers located in the USA. Have a good read on donnaforex how easy it is for these guys to vanish into thin air.
Wow You're lucky you got out with a limited loss. I went through this some 5-6 years ago with another broker, registered in BVI. I lost my money and never saw a dime from it although I regularly receive some fancy letter from the lawyers informing me that I will not be compensated cause I'm a third class creditor. From that moment my first concern about brokers is whether and where they're registered and regulated. Now I prefer FSA or at least a common EU regulation and I sleep well.
"In trading, winning is frequently a question of luck, but losing is always a matter of skill."
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.