LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
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Cyprus financial regulator CySEC has issued a warning that it has withdrawn the CIF license of Sama Brokers.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.