You will have no doubt seen the big fall out in in the Swiss franc yesterday. This sent the market into a spin and has led to losses of up to £30m reported from IG Index, Alapri has filed insolvency and countless others have been left in a very precarious position, with more insolvency announcements expected over the next 48 hours.
Those brokers left in such precarious positions will no doubt be writing to you this morning, informing you that they have filled your trades at levels they will likely not honour – meaning these losses are very likely to be handed over to you.
We have seen this before and to this end, I decided last year to create a proper “straight-through” broker (with no dealing desk) that ensures we don’t internalise this risk like other dealing desk brokers which mean’t that none of our clients inherited these losses yesterday. And in fact, those that did take losses outside of their account level had their account balances reinstated.
Those of you already aware of the importance of this, have already moved your accounts over to Capital Index as I have committed to running a true STP brokerage, that ensures we are aligned – meaning we make our money from the volume of your trades not the performance of your trades. Simply, when you win, we win.
***As a goodwill gesture as a friend of Knowledge to Action, Learn to Trade – I have agreed with Rob Woolfe (CEO of Capital Index) that he will refund up to £100,000 of losses that you have incurred from ANY other broker via rebated trading commissions if you setup your account by 21st January 2015.***
To setup your Capital Index account today, please visit the following links –
Or call Nick Dunn or the team directly on: 0044 207 060 5120 (quoting ref: 100k offer)
To your continued trading success 😉