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Clients of CommexFX, one of the most controversial brokers that used to operate from Cyprus, are now able to tap the Cyprus Investor Compensation Fund (ICF). The Cyprus Securities and Exchange Commission (CySEC) issued a statement to inform the public that customers of the brokerage that haven’t been receiving their withdrawals can now apply for compensation from the ICF.
The news comes after two years of delays. The brokerage has been placing its advertising boards with live quotes across airports in Cyprus and has solicited a number of investors. Most recently the jailed owner of MerexMarkets, Abdulrahman Alimari, ... (read more)