Russia’s Central Bank admits helplessness regarding FOREX MMCIS LeapRate

October 31, 2014 BY Andrew Saks-McLeod

Russia's Central Bank admits helplessness regarding FOREX MMCIS

As the whirlpool around troubled FX broker FOREX MMCIS gathers pace and the withdrawal maladies continue, Russia's top consumer affairs body has admitted it is helpless to take any measures against the company. LeapRate has been keeping you up to date with the latest developments around FOREX MMCIS, a troubled broker particularly active in Russia…

October 07, 2014 BY Andrew Saks-McLeod

Caveat Emptor! FOREX MMCIS freezes withdrawals after regulatory warning

FOREX MMCIS has announced that it has canceled all pending withdrawals, and has imposed a limit of $200 on future withdrawals. Does this signal the end of the road?

July 04, 2014 BY Andrew Saks-McLeod

ASIC gets tough on unregulated FX business: Takes a stand by shutting firm down

Australia's national financial regulator has obtained a court order against unlicensed FX firm which promised "quick executions, low spreads, and intelligent customer-service", but withheld profits from clients. With the firm now closed by ASIC, the investigation continues.

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