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  • FinFx

    I just discovered something troubling with FinFx. I had a 1:100 leveraged account and based on several members advice I asked them to increase it to 1:200 even though the account states that the maximum leverage is 1:100. Sure enough they increased it. What alarmed me was they stated that it does not affect their leverage on weekends and holidays. Those days they drop the leverage to 1:50 regardless if you have 1:100 or 1:200. This has the potential to cause margin calls on members especially if they are unaware of it as I was.

  • #2
    Originally posted by hamiltoncurtis View Post
    I just discovered something troubling with FinFx. I had a 1:100 leveraged account and based on several members advice I asked them to increase it to 1:200 even though the account states that the maximum leverage is 1:100. Sure enough they increased it. What alarmed me was they stated that it does not affect their leverage on weekends and holidays. Those days they drop the leverage to 1:50 regardless if you have 1:100 or 1:200. This has the potential to cause margin calls on members especially if they are unaware of it as I was.
    Recently I started with them and they gave me 1:300 leverage on request and default leverage is only 1:100.
    Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
    www.ForexReBORN.com

    Comment


    • #3
      I regret to inform you that due to regulatory reasons FinFX will no longer offer brokerage services to U.S. citizens as of 30.1.2015. All of us at FinFX value your business and are able to offer a solution that will meet your trading requirement. We have worked out an arrangement with another Broker who will be able to onboard your business “as is” and offer identical trading conditions. The process is very straightforward; all we need is an executed agreement (with the new Broker). Once complete, your accounts will be moved to their server (along with any open/pending trades) as well as account history.

      About Tallinex

      Tallinex was formed at the end of 2012 by a team of Forex professionals who wanted to provide equally good facilities for everyone.

      Tallinex focuses on risk mitigation, leading them to develop proprietary trading technologies so that all trades are transmitted swiftly and reliably to the world's largest banks through PrimeXM FX bridge.
      Clients of Tallinex can therefore benefit from better ECN/STP technology and confidently trade the Forex markets through Tallinex.

      Please visit https://www.tallinex.com/ for more information. If you have questions about Tallinex or their partnership programs then feel free to email institutionals@tallinex.com or call on +372 581 354 08 (M-F, 09:00 - 17:00 GMT+2).

      Please reply immediately if you consent to moving your business to Tallinex and we will instruct you on the forthcoming procedures. Please note that we require a reply from you by 30.1.2015. If you will fail to reply by 30.1.2015, your Introducing Broker agreement will be considered terminated and all your accounts will be closed. Please note that only your US based clients will be moved, non-US clients will remain with FinFX.
      Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
      www.ForexReBORN.com

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      • #4
        i havent got that email yet. When did you recieve this email?

        I've been broke since December Apparently Konstantin wanted to hold on to AUD$ trades there were to big in DD and I went broke.... So my FIN FX account has been in the whole ever since...
        DETACH YOUR MT4 CHARTS Now Available. - Trading as a hobby is realistic.

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        • #5
          Originally posted by EricB View Post
          i havent got that email yet. When did you recieve this email?

          I've been broke since December Apparently Konstantin wanted to hold on to AUD$ trades there were to big in DD and I went broke.... So my FIN FX account has been in the whole ever since...
          I have Money Manager account with them and got this email today.
          Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
          www.ForexReBORN.com

          Comment


          • #6
            I just check Tallinex.com and they are way better than Finfx.com. 0 spread and 1:500 leverage on ECN.

            Comment


            • #7
              Originally posted by EricB View Post
              i havent got that email yet. When did you recieve this email?

              wanted to hold on to AUD$ trades there were to big in DD and I went broke...
              Once complete, your accounts will be moved to their server (along with any open/pending trades) as well as account history.
              Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
              www.ForexReBORN.com

              Comment


              • #8
                Where is Tallinex located? I have not received the e-mail either.

                Comment


                • #9
                  Originally posted by deweymcg View Post
                  Where is Tallinex located? I have not received the e-mail either.
                  They located in Estonia.
                  Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
                  www.ForexReBORN.com

                  Comment


                  • #10
                    Originally posted by Asad (Reborn) View Post
                    They located in Estonia.
                    This sucks--even if they move any account over I doubt the signal copier will continue to control the open trades.

                    Comment


                    • #11
                      This definitely sucks. I have not received an email either. My FinFX account lost over 60% last month due to Dayfox and FXamp. I was looking forward to building it back with the help of the remaining traders on this site. I'm not too concerned with current trades being managed as my drawdown is minimal as of now. What I'm concerned about is if Nick can still support US VIP clients.

                      Comment


                      • #12
                        Originally posted by jmcrae View Post
                        This definitely sucks. I have not received an email either. My FinFX account lost over 60% last month due to Dayfox and FXamp. I was looking forward to building it back with the help of the remaining traders on this site. I'm not too concerned with current trades being managed as my drawdown is minimal as of now. What I'm concerned about is if Nick can still support US VIP clients.
                        Agreed. Especially since I have been following Viper since early last year and now there's an account size limit on new copiers.

                        Comment


                        • #13
                          Originally posted by robbiefx View Post
                          Agreed. Especially since I have been following Viper since early last year and now there's an account size limit on new copiers.
                          Where is this info about account size limits on Viper using copier?

                          Comment


                          • #14
                            With FinFX giving up their US customers, that also means there are no brokers for VIP accounts for US clients. Hopefully Nick can work something out with Tallinex and a US broker

                            Comment


                            • #15
                              Originally posted by robbiefx View Post
                              Agreed. Especially since I have been following Viper since early last year and now there's an account size limit on new copiers.
                              You can change account number no issue. The limit is on the subscription you have - so you can move it to a new account as its the same subscription.

                              Comment

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