Well then let them post. It's a sad state of affairs that you clowns want to walk away from an obligation. Nobody forced any of you fools to buy EUR. Swallow your medicine and move along.
The only thing I will say in your favour, who would be mad enough to trade EUR/CHF it's been in a 3 pip range for weeks, I see normal movement then protection kicks in at 1.20000 and flat line till it gets above. They where long, expecting the protection to make it a zero risk, wait for a bounce higher and take profits, guess that zero risk eventually bit them on the ass.
Hi, I am in the same situation as you. Negative balance exceeds 3x my initial money. I tried to do 50/50 agreement but the they told me they are looking for a full amount and that I should deposit significant upfront payment this week. I had the same position with other broker who covered my negative balance. So next time I open an account I will go for DUKASCOPY or OANDA. I also found out that my order to sell half of the position at 1.2011 was not filled, but when I exported the historical quotes from IB, there was a high of 1.201135 that week so order should have been filled. That would significantly impact my position. I will write a complaint to IB and I am going to find a lawyer who can help me. I think all of us with negative balance should file a joint compaint. Good luck
Hasnt every IB customer trading leveraged products had to state liquid net worth in writing? I would surmise that if losses exceed stated liquid net worth then you are off the hook for the difference. Otherwise pay up.
Another way to look at it is ... what if this extreme move was in your favor, what would you expect from your broker? Edit: correction!
Second this. Depending on your situation, you may either need to be saving up like a frugal Scrooge or getting ready to default. Probably best to read up on your local laws regarding defaults.
Well, sometimes the unexpected can happen.. http://www.elitetrader.com/et/index.php?threads/dukascopy-oanda-covers-loses-who-is-next.289098/