Exactly 1 year on, client moneys are finally coming out of MFGA.
Last night I received 78% of my CFD account balance and it is a fanastic feeling to be able to put this saga (mostly) behind. It is amazing that there was no appeal to the court decisions... common sense actually prevailed amongst the thousands of account holders (a true miracle imo).
I understand that futures account got paid out a lower % which is most unfortunate since they aren't even dealing with an OTC product... so it still highlights how crap the system is in protecting investor funds.
For the record I didn't sell my account. I was fine with a buyer offering 80c to my claim, but I didn't sell on the basis that it would be very hard to chase them if they don't pay me as promised. One gets a bit more suspicious about these things when they ahve been let down by the system...