KROUFR Blacklists Northern-Cyprus Based TouchTrades

[kreslik.news]

KROUFR, the Russian self-regulatory organisation aiming to regulate relationships between clients and retail brokerages, has blacklisted another forex broker, TouchTrades.

Finance Magnates last reported on a KROUFR warning in April after adding binary options broker, Interactive Option, to its warning list.

Today’s move follows numerous complaints received from clients of TouchTrades relating to unscrupulous actions by the firm’s employees. Broker support was also red-flagged for ignoring a variety of issues related to the withdrawal of clients’ funds.

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Unrecognised Jurisdiction

TouchTrades, which operates online via the url ... (read more)