http://www.telegraph.co.uk/finance/...Ham-shirt-sponsor-Alpari-out-of-business.html http://www.alpari.co.uk/client-updates/notifications/posts/2015/january/important-announcement
I can not help thinking that actually the "bucket shops" were also trading in a certain way. The SNB move created a lot of losers. Glad I took the discipline of stopping all trading as soon as I deviated from the system : That saved me from a possible bloodbath!
Bucket shops deserve the SNB blow. I feel sorry about small speculators who might have lost everything and now they may also owe money and soon some guys will be at their door.
Meanwhile, Oanda is actually forgiving these negative balances. https://fxtrade.oanda.com/community/forex-forum/topic/54010615/
As FXCM is doing. When they take the other side of the bet, they make plenty from cleaning out the accounts. What goes beyond that isn't necessary.
Effectively, it looks like Oanda is milking it for all it can : that is a golden opportunity for them to open new accounts at minimal marketing cost.
This brings tears of joy to my eyes. If anyone deserves to go down in spectacular fashion, it's FXCM.