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A year and a half after its launch, Windsor Brokers' GWAZY platform gains an IB portal, an essential component for relationship-based client acquisition

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New CySEC broker is granted a CIF license, but yet to go live

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International experience in leadership positions in FX firms bears fruit as IronFX appoints former COO of NFA regulated firm to lead Spanish operations

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CySEC details disclosure rules required to prove funds in segregated bank accounts in fact belong to individual investors.

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Unlike the original proposal, uninsured depositors will likely lose around 40% (not 10%) at Cyprus' two largest banks.

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  • john scott says #
    mr
    Is this possibly another rivet in the Federal United States of Europe? The Cyprus debacle would be/is virtually nothing in EU term
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Wall Street Journal quotes LeapRate research in its article on Cyprus FX brokers and the bailout.

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  • John says #
    Its a wake up call for traders
    Should Cyprus levy a tax on deposits and if it affects Fx broker's client funds, how will it play out in regards to client securit
  • Andrew says #
    Good article with good researc...
    Gerald interesting article with foresight. However Malta will pose the same risks as Cyprus. But then again people have been tradi
  • Gerald Segal says #
    RE:Good article with good rese...
    Good point Andrew, and we totally agree. This will have repercussions well beyond Cyprus, no matter how this eventually shakes out
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Saxo Bank co-CEO's comments question whether the 10% confiscation of client funds at Cyprus banks will also apply to Cyprus FX brokerages.

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Do regulators have to also pay fines themselves for making administrative errors?

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Although the fine remains shrouded in mystery as to what UFX was actually charged with doing.

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All Alpari FS clients to be transferred to Alpari UK.

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