Suspended FX Broker - iForex gets Green Light to Trade

iFOREX Brokerage, a financial service provider was given a suspension order mid July 2011 by the Hungarian Financial Supervisory Authority (FSA). It was also issued a fine of $100,000 for not having proper Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term for clients in place. Since then the iForex team had appealed against the decision and have been given a clear signal to resume full operation of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading in the European Economic Area, following an important decision by the Budapest Metropolitan Court, which countered a previous ruling made by the HFSA. The court issued an injunction to block the execution of the decision of the HFSA which had previously suspended iFOREX's license, until the petition filed by iFOREX against the HFSA's decision is finally resolved by the court. iFOREX is preparing to recommence serving clients from within the European Economic Area in different European languages, including French, which can also be found at https://www.iforex.fr

The ruling from the Budapest court means that iFOREX can now resume conducting its business under its license, including accepting new clients and allowing the opening of new positions for existing clients.

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