Recent content by Amphiprion

Yes, that's the gist of it. The additional concerning factor is that their margin rates have been getting higher & higher, so for some smaller cap companies the rates can be as high as 50% which means that even though you have put up half the value of the holding you have absolutely no...

I too have received notification from Finspreads/ City Index regarding client funds. However, I notice that you did not continue past point 22.3 from their letter. My notification continues as follows & I would be interested to know whether these terms were also in your notification? 22.4 We...

The other matter of concern here is that City Index/ Finspreads are [I]only[I] segregating that portion of the clients funds which are not used for margin purposes. The portion of funds on deposit which are used for margining purposes are no longer segregated & are pooled together for City/...