Forex True Zone

The Hong Kong SFC has levied penalties against multiple Forex brokers this twelvemonth too the means has warned against several unlicensed FX draw solid this month, which convey names resembling reputable brokers similar Plus500 . For instance, concluding week, the SFC sent out a alarm against Option500 (www.option500.com), which has been soliciting investors inwards Hong Kong too overseas. The unlicensed fellowship claims to move based inwards the Great Britain too has a real similar-sounding mention to British FX broker Plus500 - a regulated entity too a recognizable build mention inwards the industry. SFC's alarm reads: The fiscal regulator inwards Cyprus, the CySEC, too warned nearly Option500 inwards Oct of concluding year, maxim the fellowship “is non permitted to supply investment too ancillary services inwards the Republic, pursuant to Investment Services too Activities too Regulated Markets Law.” Several old clients convey too defendant Option500 of fra...

The Hong Kong Securities as well as Futures Commission (SFC) has fined FXCM Asia Limited (HK FXCM) HK$4 i chiliad one thousand for asymmetric slippage of customers' FX orders betwixt Dec 2006 as well as Dec 2010. An investigation past times the SFC establish that HK FXCM netted US$1.4 i chiliad one thousand inward profits over a four-year catamenia from unfairly executing customers’ forex trades. “During the Relevant Period, a full of US$1,452,926.69 Positive Slippage was retained past times the FXCM Group including HK FXCM.“ According to the Statement of Disciplinary Action , HK FXCM operated a no dealing desk (NDD) model, however, when the trouble solid executed FX trades on behalf of clients alongside external liquidity providers, “FXCM Group including HK FXCM kept the Positive Slippage which is the divergence betwixt the master requested toll as well as the ameliorate price,” says the SFC. But inward the cases where orders had a worse toll when executed alongside an e...