Saturday, November 13, 2010

If your broker is on this list, they're operating without a license!

I have an FX account with a broker based in cyprus, so I did some research to see if their regulator actually does anything, Here's what I discovered. Sever FX brokers are on a warning list.  This is just part of the list, there are many companies, not all FX brokers so I didn't include them.
If you have an account with one of these brokers, strongly consider closing it beforeit's too late.These brokers could be operating without any protection for you the client in case they go under.




See below:



30/09/10 'Leader Forex (30 September 2010)
05/08/10Start Forex Ltd' (05 August 2010)
02/07/10 Skyline broker (02 July 2010)
06/05/10 FX Company Ltd (06 May 2010)
27/04/10 PriFX(27 April 2010)
20/04/10 IKO Forex Limited(20 April 2010)
20/04/10 Forexyard Ltd (20 April 2010)
18/02/10 GIGFX Ltd (17 February 2010)
23/12/09 FxGlobe Limited (23 December 2009)
17/12/09 Prime Forex LLC. (17 December 2009)
04/12/09 Plus500 Ltd (04 December 2009)

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