CySEC withdraws CIF license of MT4 forex broker Sama Brokers

Forex broker focused on Arab world seems to have scaled back most of its operations since early summer.

Cyprus financial regulator CySEC has issued a warning that it has withdrawn the CIF license of Sama Brokers. Sama is a Limassol-based MT4 forex broker, which has traditionally focused on serving the Middle East and Arabic speaking clients.

CySEC did not give a reason for its decision to withdraw Sama’s license.

A quick visit to Sama’s Facebook and Twitter pages, as well as its website shows that Sama ceased issuing news and research as of the end of May / beginning of June.

If you’re a Sama client or former client please let us know your experiences — your comments can be added below.

To see the complete CySEC warning regarding Sama Brokers click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.


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