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The shocking move by the Swiss National Bank (SNB) to abandon their peg has already resulted in some foreign-exchange brokerage casualties.
Global Brokers NZ is shutting down, FXCM said clients owe US$225 million on their accounts while IG Group estimated an impact of 30 million pounds.
There could be more.
Remember MF Global?
If you have some unused cash lying around with brokers that provide leveraged forex trading, it might be prudent to withdraw some of your money.
You never know whether any of them will go under.
Alpari (UK) has gone under as well.Reply