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Chinese clients of Cyprus regulated brokerage ACFX have expressed worries over the company’s decision to send out a note elaborating on some possible delays in the processing of their withdrawal requests. The brokerage sent a note to the company’s clients that their accounts are due for a screening.
ACFX claims that the action is necessary due to some clients engaging in risk-less arbitrage and realizing unfair gains on their accounts. Its clients in China are worried by the move as it is directly impacting the disposability of their funds.
However the company is scrambling to reassure them.
According to early reports in some local press, the offices ... (read more)