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Important Announcement from InfinityShares

During the last couple of weeks, we were pretty much able to cover most of the Major releases but we have
seen some issues with our broker that we discounted due to the holidays, and to other reasons that were
from that time seemed plausible.  We now have a full update on the situation and this is what the mail is
about.

Some of the members would remember that we switched brokers last year because we were encountering
problems with liquidity and availability of market prices during news releases and other important times
(opening and closing of the markets).  We spent some time looking for, researching, and contacting brokers
and doing everything possible to ensure the continuity of InfinityShares Forex Club.  After making sure
that Internaxx was the real deal, and after repeated assurances from them through email correspondence that
they do not descriminate between news traders, scalpers and tech traders, we finally decided to open an
account with them.  Opening an account took a while because a lot of the requirements had to be submitted
via snail mail and Stijn and Steven had to make personal appearances to be able to open the accounts
properly.
 
We said OK to the comissions that they charged ($15 per lot, per direction, which computes to $30 in
opening and closing a single lot).  We said OK to their higher than normal spreads, taking our tech trades
a notch down since we were mainly focusing on fundamental announcements.
 
Now after a few months of trading with them (at the same time paying thousands in $$$ in comissions) they
decide to change some of our positions which resulted in a minor loss. Not too much tho, but disheartening
nonetheless. 
 
We are now looking for other suggestions for good brokers, since we will be also shifting our focus from a
80/20 Fundamental/Tech stance to a 60/40 Tech/Fundamental stance, with us shifting the focus to mainly
technical trades while using fundamental indicators as an exit strategy/focus and not the other way around
which had worked for us for so long.  I guess it would be easier to find a broker that offers tight spreads
with minimal comissions rather than a fast broker with unlimited liquidity.
 
What would this mean for InfinityShares? Well, it's a paradigm shift for all of us.  We will be evaluating
our options, and as with before, we appreciate everyone's inputs on this issue since it is YOU the member
that makes everything possible. We invite everyone to the forum: http://www.infinityshares.com/bb or to
Jude's Nobsnetwork forum (IS has a topic there) to discuss the next steps in our program.
 
We will probably not be risking any more trades the rest of the week and longer until we resolve this
broker issue ASAP.  Since multiple positions have already been moved around 10 pips from their entries, we
do not know what the long term impact to our account will be if we continue to trade and they will continue
to adjust our positions arbitrarily.
 
>From now, we're suspending our Fundamental/News based trading as far as Internaxx goes, and will focus
>on some small tech trades that will hopefully present themselves over time, and hopefully we can continue
>to trade full speed.  We already have a bunch of problems with scheduling, now this comes along. With the
>support of our members, we'll get through this.
 
Note to Doomsayers: No, Funds are not frozen in any way. And as a gesture of good will, we will be
lowering the sell to admin fee from 4% to 1.5% and we will try our best to cover conversion fees of real
money to e-gold with reserves and personal funds. Also, no withdrawal fees as usual.  We know that this is
as disappointing to the members as it is to us and we are doing our best to make this transition as
painless as possible.

Better times will come, IS has had it's rough patches before and this is no-different.  We will overcome
this obstacle and continue to provide safe and stable profits for our members in the coming weeks, months,
and years. We're already in the process of making sure that everything will be back on track in the coming
weeks, so a little more patience will be required on everyone's parts as well.
 
Thank you for the continued support.
 
Steven, Stijn, Xtian
InfinityShares Forex Club
http://www.infinityshares.com
 
Attached below is an email from Internaxx, with some parts taken out because of the sensitive nature of
the infomation
 
Mail From Internaxx
Dear Sir,
 
In response to your various mails, regarding the change of prices on your positions for Forex trading.
 
We have carried out a thorough investigation of these issues and have discovered that your trading pattern
is only at a time when announcements of economic data are duewhich utilises a trading strategy to take
advantage of sensitive periods in the market.
 
We are aware that utilising such a system allows the user to exploit the market by obtaining a price that
is out of the market quoted rate at this sensitive time. Therefore, the prices that you have obtained, have
been changed to the next available quoted price in the market, after the economic release.
 
We remind you that it is a Market Makers right to choose when and how to quote. There is therefore no
obligation to quote at such volatile periods, when important, sensitive announcements are due to be made.
Also, such trading activities are not seen to be for the good of all participants in the market and as
such, as I am sure you will understand, we cannot support or honour prices believed to be derived from such
practices.
 
 
Best regards,
**
Internaxx Derivatives

Sidenote: before we opened this account, we mailed them various times to make sure they allow news traders.