Saxo Bank screws the little guy

There aren’t enough middle fingers in the world. After the Swiss franc jumped 30% against the Euro last week, Saxo Bank made the following statement: “Due to today’s exceptional market movement in CHF crosses, we have been filling client orders and positions in an extremely illiquid market. Once we are better able to establish true market liquidity, all executed fills will be revisited, and will be revised and amended to more accurate levels. This may result in a worse execution rate than the originally filled level.” In other words, you won’t get the rate you and Saxo agreed to when...

There aren’t enough middle fingers in the world. After the Swiss franc jumped 30% against the Euro last week, Saxo Bank made the following statement:

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