iForex allowed to continue Forex Trading

Thursday, 29/09/2011 | 07:38 GMT by Adil Siddiqui
  • iForex, a FX and derivatives broker, had a recent battle against Hungarian authorities. The Hungarian Financial Services Authority had suspended the broker for six months and issued a hefty fine.
iForex allowed to continue Forex Trading

iForex, a FX and derivatives broker, had a recent battle against Hungarian authorities. The Hungarian Financial Services Authority had suspended the broker for six months and issued a hefty fine.

After a comprehensive investigation the regulator found violations in;

The Budapest Metropolitan Court decided to annul the decision of the Hungarian Financial Supervisory Authority (HFSA) of July 7, 2011 by which HFSA suspended the license of iForex. The fine imposed by the HFSA on iFOREX was also canceled by the court. iFOREX will now continue to operate as per normal.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

iForex, a FX and derivatives broker, had a recent battle against Hungarian authorities. The Hungarian Financial Services Authority had suspended the broker for six months and issued a hefty fine.

After a comprehensive investigation the regulator found violations in;

The Budapest Metropolitan Court decided to annul the decision of the Hungarian Financial Supervisory Authority (HFSA) of July 7, 2011 by which HFSA suspended the license of iForex. The fine imposed by the HFSA on iFOREX was also canceled by the court. iFOREX will now continue to operate as per normal.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

Topics
regulation
About the Author: Adil Siddiqui
Adil Siddiqui
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