15 Jan 2015, a day most traders remembered. It wiped out not only traders with position in CHF, it also wiped out forex brokers.
I guess I am fortunate that I do not specifically trade CHF positions. Of course, most, if not all currencies were affected on that day, but the worst has to belong to EUR/CHF.
I received a mail from Oanda shortly after as below:
I used other brokers previously, that was because during then there was no small lots online brokers available in Singapore.
When Oanda Asia Pacific set up office in Singapore, I did not hesitate to open account with them.
My thoughts then, I always prefer a broker I can knock at its office door easily when some screw ups happened.
And so far Oanda reacted well to the the Swiss Franc Black Swan.
Hope all readers doing well too.