• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Halifax went under external administration

Discussion in 'Forex and Cryptocurrencies' started by Seneka, Nov 26, 2018.

  1. Seneka

    Seneka

    Posts:
    2
    Likes Received:
    0
    Joined:
    Nov 26, 2018
    Halifax went under external administration. How to recover the funds from MT4?
     
  2. Ann

    Ann

    Posts:
    703
    Likes Received:
    180
    Joined:
    Dec 24, 2005
    I wonder if that means Lloyds is in trouble too?
     
  3. Smurf1976

    Smurf1976

    Posts:
    7,949
    Likes Received:
    744
    Joined:
    Feb 14, 2005
    Is this serious?

    Halifax as in the bank in the UK, right?

    If they're in trouble then that's rather serious to say the least. Australian equivalent would be saying CBA or Westpac just went bust. Serious news and likely the sign of big trouble ahead if correct.

    Or is this a different "Halifax" not the same company?
     
  4. greggles

    greggles I'll be back!

    Posts:
    1,770
    Likes Received:
    504
    Joined:
    Jul 28, 2004
    The company that is in external administration is Halifax Investment Services, not Halifax the UK based banking company.
     
    Smurf1976 and Gringotts Bank like this.
  5. Seneka

    Seneka

    Posts:
    2
    Likes Received:
    0
    Joined:
    Nov 26, 2018
    Has anyone experienced their Australian forex broker closing on them? What is the course of action? Is there any way to get any money back?
     
  6. cynic

    cynic

    Posts:
    3,064
    Likes Received:
    265
    Joined:
    Feb 25, 2011
    Perhaps not the most ideal comparison, on account of the size and complexity, of MF Global's operation/s and associated predicaments, but the following post, contains some prudent advice, about the drafting of a simple letter of demand to the administrators, and issuing copies of it (in accompaniment with account details and copies of most recent statement/s) via both mail and email:
     
  7. Gringotts Bank

    Gringotts Bank

    Posts:
    5,796
    Likes Received:
    142
    Joined:
    Jun 30, 2007
    Halifax Investment Services. Make a careful note of those who ran this set up and anyone who worked for them.

    https://www.financemagnates.com/forex/brokers/exclusive-halifax-investment-services-has-gone-bust/

    "Sydney-based Halifax Investment Services is a subsidiary of Lloyds Banking Group. Its CEO is one Andrew Baxter. According to his LinkedIn profile, Baxter is also the CEO of two other entities – Australian Investment Education, which offers trading courses, and Grange Capital Management, a “Boutique Investment Manager” which doesn’t appear to have a website".
     
    Last edited: Nov 26, 2018
Loading...

Share This Page