FX Industry Requiring Social License if it’s to Continue to Operate

[kreslik.news]

To many regulators around the world, the words “foreign exchange broker” have become a dirty phrase. Indeed, over the last five years there has been a global trend to regulate the industry into oblivion. This started in 2010 with the National Futures Association (NFA) reducing an industry with over 52 Retail Foreign Exchange Dealers (“RFED”) and a further 181 introducing brokers to an industry with now only 6 RFEDs.

Moreover, recently Belgium has banned Margin FX altogether. France has proceeded to ban all Margin FX advertising – a move akin to cigarette advertising prohibitions in the early ... (read more)