Another Israeli Broker Throws in the Towel, General Trade is Out
Posted: Sat Jul 09, 2016 9:51 am
Israeli traders now have one less option when selecting an online broker. Yet another firm has withdrawn from the local market and canceled its application to a Israeli Security Authority (ISA) Trading Arena licence according to latest data from the regulators. The latest broker to give up on the demanding process is General Trade, registered under G.T Global Israel LTD.
All clients of General Trade in Israel are given by July 25th to close all positions. After this date the firm will only be able to close accounts and issue withdrawals for its former traders in the country.
This is just the latest development in a ... (read more)