LeapRate Exclusive... LeapRate has learned that the once-bustling offices of retail forex broker ACFX have been sitting empty now for more than a month, with some clients claiming that they have been unable to withdraw funds from their accounts over the past few weeks. For visitors to the Forex hotbed of Limassol, Cyprus, ACFX's offices…
Read moreForex industry news at LeapRate this past week was headlined by results disclosures from a number of FCA regulated brokers. One thing our readers should note when looking at disclosed results of UK companies - some are real, some are not. What do we mean? Well some of the companies report their 'real' results, as…
Read moreFurther to LeapRate's report from April about the suspension of the Cyprus Investment Firm (CIF) license of Atlas Capital Financial Services Ltd, owner of ACFX, operating via acfx.com, the Cypriot securities regulator today announces that the CIF license of the firm remains suspended. While the suspension of the authorisation is in force, the Company: 1. Cannot…
Read moreForex industry news at LeapRate was certainly dominated this week by regulator-related issues. LeapRate was first to report that ACFX - one of the leading Cyprus-based retail forex brokers - had its CIF license suspended by CySEC, and has been given one month to rectify things. The post generated a flood of comments, with many…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) has flashed its regulatory teeth at Atlas Capital Financial Services Ltd, the parent of Forex broker ACFX, operating via acfx.com. The regulator today announces the suspension of the Cyprus Investment Firm (CIF) authorisation of Atlas Capital Financial Services Ltd, due to the company's possible non-compliance at all times with…
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