FOREX QUANT

December 5, 2007

FXLQ notification

Filed under: Uncategorized — by TraderMade @ 3:29 pm
Tags: , ,



We have just received this notification letter from FXLQ.
I immediately discussed it with our clients and we decided to send a withdrawal request.
The completed forms have been sent several hours ago, and we’ll see hows it gonna be.
Wish us luck!

Tuesday, December 04, 2007
RE: Account # 1XXXX

To our Valued Clients:

The National Futures Association has today issued a Member Responsibility Action against FXLQ. You can find the notice on the NFA’s website: http://www.nfa.futures.org/basicnet/Details.aspx?entityid=0362216&rn=Y.

Effective immediately, FXLQ is not allowed to take on any new customer positions. Therefore, all of our systems have been set to allow only rollover and liquidations.

We apologize for any inconvenience this has caused, and direct you to our website if you wish to withdraw your funds: www.fxlq.com/docs.

We are working diligently to clear this up as quickly as possible and look forward to renewing a full relationship with our customers.

Sincerely,

Robert Gray
President
Forex Liquidity LLC

And now we need to find a good UK-based MT4 broker to tap our robots in.

(*)

8 Comments »

  1. Grey to prison,, our money down the tubes.
    Any one know differently???… or more info??

    Comment by rk — December 12, 2007 @ 5:24 am |Reply

  2. Hi rk,
    my IB told me that client’s fund are safe, but need approval from NFA prior to its release to clients. Has anyone called/contacted NFA for this specific information?

    Comment by darma — December 12, 2007 @ 6:07 am |Reply

  3. and please also take a look at other articles in this blog regarding this matter under the tag: FXLQ. Thanks.🙂

    Comment by darma — December 12, 2007 @ 6:10 am |Reply

  4. very interesting.
    i’m adding in RSS Reader

    Comment by music — January 8, 2008 @ 1:31 am |Reply

  5. Robert Grey must have really good legal counsel….NOT!

    Comment by Trader — January 13, 2008 @ 8:37 am |Reply

  6. Man, I hate it when the “little guys” get hurt !

    Comment by forex trading online — January 16, 2008 @ 1:20 pm |Reply

  7. Did any one lose their money? I hope not Forex trading is the greatest of all and we do not need a black eye for stuff like this.

    Comment by Mike Denson — April 26, 2008 @ 4:02 am |Reply

  8. I’ve got in the mid 5-figure $$ at FXLQ or… where ever. My IB D.C. Bonta has been absolutely lame on getting or sharing any info,, Robb Assoc./NFA/CFTC doesn’t answer emails or return calls.
    No info at all on the “expect to disburse customer funds within 60 days” from the Court filings. Put in a Request to Withdraw Funds when NFA walked in FXLQ’s doorsback in early Dec. ’07.
    Since then — I have no clue if these people even know I exist.
    Anyone else know anything?

    Comment by rk — May 7, 2008 @ 9:54 pm |Reply


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