The problem with banks and wire transfers

Discussion in 'Trading' started by J.P., Feb 6, 2017.

  1. truetype

    truetype

    I guess having thousands of posts makes someone right about everything! :p
     
    #31     Feb 9, 2017
  2. luisHK

    luisHK

    Make it tens of thousands, including the ones with his former aliases.
    This is gonna be another long thread, bon courage traders !
     
    #32     Feb 9, 2017
  3. Zzzz1

    Zzzz1

    4 pages? Long already? LuisHK, how is your girls hunt going these days? Anything funny to report?

     
    Last edited: Feb 9, 2017
    #33     Feb 9, 2017
  4. The troll accuses everyone else of "making up lies", but it doesn't apply to him I suppose.
     
    #34     Feb 9, 2017
  5. %%
    Mine do 2, but that is in US D+ in the morning.
     
    #35     Feb 10, 2017
  6. oversea

    oversea

    MF Global - who needs a dozen??
     
    #36     Feb 11, 2017
  7. Bank of America
     
    #37     Feb 11, 2017
  8. Sig

    Sig

    #38     Feb 11, 2017
  9. oversea

    oversea

    I had a feeling someone would offer this as a response...I still almost can't believe it, though!

    You don't mind that your broker loses your 100k (of 500k+) ...as long as you eventually get it back??? After a week?? After a month?? After a year??

    Forget about the op's nerves being shot to hell from such a situation had it happened to him...for a trader making their living from this -- he would have just lost his livlihood.

    So, I'm not contending that one should needs to be weary about depositing funds with an FCM...but MF Global, in and of itself, should have stopped anyone from being so dismissive of the OP (and portraying the op as 'bloviating about how risky FCMs are..').
     
    #39     Feb 11, 2017
  10. oversea

    oversea

    It'd also be worth checking out Chase Private Client - they actually waive the fees on not just incoming wires but outgoing as well (even int'l). And with them too, you can expect that it will go out in about an hour - there's a 45-min security hold time, but it usually goes out shortly thereafter.

    I'm also pretty sure (it's been some time since I've been with them)...that as long as you're before the 4pm cutoff - it will still go out that day, which sounds like it may be very relevant for your needs.
     
    Last edited: Feb 11, 2017
    #40     Feb 11, 2017