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Cyprus financial regulator CySEC has issued a warning that it has withdrawn the CIF license of Sama Brokers.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.
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To see the complete CySEC warning regarding Sama Brokers click here.
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