Company news

FXOpen settles with the CFTC for accepting US clients

This was one of the biggest news items last year – CFTC sued 14 forex firms (and then 11 more) for various infringements of its laws including accepting US clients. Some firms (offshore ones) decided to ignore this all together and kept accepting American clients, some stopped accepting them but didn’t settle and some managed to settle their cases. FXOpen was certainly the largest of the brokers sued and finally managed to settle this issue. This should help FXOpen reestablish its brand and become regulated more easier in various jurisdictions.

Tuesday, 10 Jan, 2012 / 8:55

Source : http://forexmagnates.com/fxopen-settles-cftc-accepting-clients/

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