I got this email last friday. 7 days is very short notice. Did anyone else get this? The last paragraph looks interesting. ..
Dear Client
Please be advised that the Introducing Broker Agreement between Sharewatch Limited and Saxo Capital Markets (SCML) is due to be terminated on 11th March 2016
Upon termination, the commission terms will be changed to reflect SCML’s standard retail commissions as stated on.
[URL='http://www.google.ie/?source=mog&gl=ie']Following the above termination, the Authorisation to Disclose Account Information currently in place for Sharewatch Limited to view your account will no longer be effective, and we recommend that you refer to SCML’s website to going forward. [/URL]
Please be advised that absent any instructions from you, SCML will not manage any of your positions (unless an account comes on margin and risk being stopped out) and we therefore strongly recommend you familiarise yourself with all current positions and decide if you wish to keep these open or close them or submit further funding of your account.
Kind regards,
Dear Client
Please be advised that the Introducing Broker Agreement between Sharewatch Limited and Saxo Capital Markets (SCML) is due to be terminated on 11th March 2016
Upon termination, the commission terms will be changed to reflect SCML’s standard retail commissions as stated on.
[URL='http://www.google.ie/?source=mog&gl=ie']Following the above termination, the Authorisation to Disclose Account Information currently in place for Sharewatch Limited to view your account will no longer be effective, and we recommend that you refer to SCML’s website to going forward. [/URL]
Please be advised that absent any instructions from you, SCML will not manage any of your positions (unless an account comes on margin and risk being stopped out) and we therefore strongly recommend you familiarise yourself with all current positions and decide if you wish to keep these open or close them or submit further funding of your account.
Kind regards,