Brokers forfeiting negative balance


Brokers forfeiting negative balanceAtoZForex.com Lagos — At this point it is clear that the the Black Swan event has rocked the forex market and urged the exit of various financial institutions, due to the incurred heavy losses. The SNB’s decision to scrap the 1.2 cap to the euro and declaring negative interest rates has left a deep wound in the market and only time will heal.

Forex brokers around the world have now taken the time to decide which various steps are best to fix their peculiar situations. Atoz Forex received a testimony from a reader in France yesterday, testifying that he had been contacted by Saxo bank to repay the negative balance on his account as a result of extreme volatility experienced, and threatened legal action on the client. Saxo bank is not the only broker doing this; FXCM and GAIN capital have also been reported to take similar measures.

On the other hand, many brokers have taken the initiative to overlook these negative balances, returning accounts on negative balance to zero. Below is a list of brokers forfeiting negative balance, which AtoZ have been able to assemble, in order for you clear the air as to your broker’s situation. Please feel free to leave a comment and to inform us on your broker’s status.

List of Brokers forfeiting client’s negative balance

AAAFX Darwinex HotForex OANDA
ACM Gold Dukascopy HY Markets Orbex
ActivTrades Deltastock ILQ Pacific Financial
Derivative
ADS Securities eToro IKON Group PCM Brokers
AvaTrade EasyForex ICM Capital Robo Forex
AForex Forex Club iForex StreamlineFX
AGM Markets FX Grow IronFX Global SkyFX
Admiral markets FX Primus Land FX Tradeview Markets
AFX Capital Fibo LATAM FX ThinkForex
Axiory Fidelis Capital
Markets
MXT Global UFX
Blackwell Global FxPro MFX Valutrades
BTFX Forex4you Markets.com VitalMarkets
Bulbrokers FBS -Netotrade XM
DF Markets FXTM -Nord FX
DMM FX Gainsy -Octa FX

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