SVS Securities - shut down?

johnburman

Have ITI been getting rid of staff in the last few weeks/days?  They have gone completely quiet on me...almost all is transferred out except for one share - no idea why.  Awaiting statements too. 

Nbs222

Michael_Reynolds : It's my strong personal belief that ITI aren't in any danger of going bust.

I hope you are right , otherwise it's going to be long wait .

johnburman: Have ITI been getting rid of staff in the last few weeks/days?
Maybe staff are resigning , also Ex-SVS staff may have gone .

rnf11

Mitto_Markets said

....by going direct to the clearing broker (above ITI).........

And their identity is..........?

RasputinB

rnf11 said:

Mitto_Markets said

....by going direct to the clearing broker (above ITI).........

And their identity is..........?

Interactive Brokers LLC is the company on the security certificate for the site that loads if you get on to the application page.

shiznit76

gco_exante_eu said:

If anybody needs assistance with moving away from this debacle I can help.
I have very good knowledge of ITI Capital, their people, processes and so on.
There are better solutions out there...usernames and imagination will help you find them!

explain?

RasputinB

shiznit76 said:

gco_exante_eu said:

If anybody needs assistance with moving away from this debacle I can help.
I have very good knowledge of ITI Capital, their people, processes and so on.
There are better solutions out there...usernames and imagination will help you find them!

explain?

EXT LTD is incorporated as a Limited Liability Company under Cyprus law

https://exante.eu/ Fryingpan and fire are two words that come to mind. In any case these guys (ex SVS?) are too late on the game.

johnburman

Hello, there are some advertisers hijacking this forum with ideas that sound odd. 

I can see no reason why anyone with and XO account woudl use anyone other than one of the mainstream XO brokers such as iWEB, Jarvis X-O or HL.  If based in the UK there is the FSCS £85k max cover protection figure...outside the UK it  is more variable.  Very few clients will trade on margin - it is a risky thing to do and one not to be done wihtout care.
 I do think that there are very few reasons to stay with ITI.  Moving should be easy.  You fill in a form to do so wth your new broker AND THEY DO ALL THE REST. 

With ITI it has been a nightmare....13 weeks on and I am not fully transferred out (but almost there) with complaints to the FOS in the offing (is there a FOS equivilent outside the UK?).   

johnburman

Is there a compensation fund in Cyprus, and how much is it?  How do you claim?  This must be known before people transfer out there.

Monsieur_Bourse

Importantly we do have the FCA licence...

That's alright then, we all know how efficient they have been in taking ITI Capital to task!

johnburman

Euro 20k is simply too low a figure for many clients. My view is the FSCS £85k is too low...but it's a lot higher than euro 20k!