FXOpen fined $140,000 by CFTC


The CFTC reported that MetaTrader-based broker FXOpen has beeen fined $140,000 for soliciting or accepting U.S. customers in late 2010 and early 2011. FXOpen was one of 14 Forex firms earlier named by the CFTC for soliciting or taking US clients, without being registered with the NFA or CFTC.

FXOpen is rumored (by Forexmagnates) to be doing about $55 billion of volume per month, however FXOpen does not seem to be regulated or licensed by any recognized national regulator, whether in the U.S., Europe or elsewhere.

Related News

arrow

FXOpen fined $140,000 by CFTC

0

Send this to a friend

Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: