Central Bank revokes licences of major forex dealers - page 2

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mathematicgraal:

The Central Bank has found a breach of ... requirements on the ratio of collateral provided by individuals.

Well then, every first forex-dealer is in breach of these requirements.

 
As they were operating without licences before, they will continue to do so. It is not clear, why follow the Central Bank's instructions? So they can go under? The Central Bank can't control the rouble and is giving out instructions?
 
Evgeniy Zhdan:
The Central Bank cannot even control the ruble, and now it is giving out orders?

Why should this be so? In my opinion, the Central Bank is perfectly in control of the rouble, if it were not for the debt-ridden population - the rouble would already be worth $0.01 !

Printing roubles is a lucrative business !

 
In general, all the companies listed above are sitting in Cyprus a hundred years ago. They use LLCs as their representative offices.
 
Vasiliy Sokolov:
In general, all the companies listed above are sitting in Cyprus a hundred years ago. They are representative offices.

Alpa has been in Biliz for a long time.

 
Alpha has also ceased operations, hasn't it? Or has it already restored it?
 
Who cares about those licences? I don't think any Pepperstone or Isimarket have a Central Bank license, and they are better than all the alpari and forex clubs
 
It's just a competitive struggle. Whoever is closer to the government is right. The others are trying to remove the rest from the market.
 

Well, the industry has to be put in order somehow.

Bottom line: Regulation by the Central Bank together with SROs is a civilised mechanism...

At the very least, participants - players/clients, should somewhere verify that the professional participants forex dealers offering services,

really exist and they have enough collateral to fulfil their obligations to clients.

This can only be regulated through accountability and financial discipline.

 

From the Alpari forum:


The Central Bank website has published news of the revocation of Alpari Forex Ltd's licence.

This news has nothing to do with Alpari Limited. It concerns Alpari Forex LLC, which is part of the Alpari group of companies. At the moment there is no information available and our officials at "Alpari Forex" ltd are inquiring as to the reason why. If you have any questions please contact Alpari Forex Ltd.
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