Israeli Forex Head: Only a Few Firms Might Remain in the Market

[kreslik.news]

The Israeli online trading industry is having a very hard time recently due to the harsh actions of the local financial watchdog. Since the regulating process began the Israel Securities Authority (ISA) has gone after algo-trading, set tough limits on CFDs and FX volatile pairs, and banned binary options completely.

Finance Magnates sat down to talk with Mr Tzah Druker, the head of the Israeli Trading Arena Association, which represents the industry in its dealings with the regulator, to hear how he expects the process to continue. Showcasing the state of despair, this is ... (read more)