And now a message from Dukascopy regarding an incorrection of a forex trading broker losing due to the Swiss National Bank forex fiasco

(Last Updated On: January 19, 2015)

And now a message from Dukascopy regarding an incorrection of a forex trading broker losing due to the Swiss National Bank forex fiasco

Hello, There is a mistake in the news item hosted at https://quantlabs.net/blog/2015/01/this-is-the-trading-forex-broker-carnage-from-this-swiss-national-bank-chf-event/, stating Dukascopy lost $40 million. It was corrected in the original article, see http://www.fxstreet.com/news/forex-news/article.aspx?storyid=6ea97fd7-1a48-4a91-8ae0-43b33c2ef4bd Please correct this issue.

 

The amazing thing is these forex brokers seem extra sensitive on ‘misinformation’ for what their customers or new customers. Dukascopy seem to be a decent broker but this shows how paranoid they are due to their crappy risk management that was exposed vs a solid brokers like Oanda. You choose? And why would they care about a little blog like mine?

 

UPDATE: Apparently we hit their news channel:

http://www.dukascopy.com/swiss/english/about/ournews/

They also posted this message:

Therefore, initial erroneous FXStreet statement shall be ignored and not duplicated. Any dissemination of such wrong information may lead to legal actions. We refer in particular to following websites:…

Instead of calling your lawyers, why don’t you focus on improving  your risk mangement and putting your customers at risk of losing their portfolios or trading accounts?

They also posted this after what Oanda posted;

DUKASCOPY: NO TRADE CANCELLATIONS, NO NEGATIVE BALANCES

Genius, I think I will stay away from them as Oanda seems to be the only forex broker out there to be trusted. Sorry. FXStreet.com must be dependent on their ad dollars from Dukascopy but we don’t!

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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs