SVS Securities - shut down?

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!

bodrum99

The value of my investments is now very low. However, I was lucky to see the shares transferred over from SVS so I recently sold them all. It's been three days since I requested a cash withdrawal but no luck yet, although I did receive an automatic email reply. I hope this is going to be OK.

GeorgieC

Michael_Reynolds said:

It's my strong personal belief that ITI aren't in any danger of going bust. Oleg has plenty of money. THIS IS PURE & SIMPLE INCOMPTENCE. Hard to believe I know but it takes real talent to be this incompetent! Take a look at the Qort cash statement. I reconciled mine the other day and then hit Rahul (copied to my usual list) with it. It's mind boggling. The individual dividends don't add up to the top level balance! The individual dividend balances don't even line up. That's before one gets started on the duplicates and missing dividends which can well be included in the top level balance! It's abject chaos. They just haven't a clue what's going on.

I don't think its a case of Oleg baling the company out. It will be Da Vinci Capital and how long they want to keep writing out cheques or diverting money from other offices. As for hitting Rahul....there are probably a few Forumites who would join a queue!!