Forex in Israel, The Modern Day Witch Hunt
Posted: Wed Jul 13, 2016 4:29 pm
This article was written by David Malits, CEO and founder of David Malits Public Relations.
Reputation
Trading platforms (forex companies) in Israel enjoy a terrible reputation, and not without good reason.
For years, the trade has been managed as the naughty boy of the capital market. Dozens of companies were active in the market when it was at its peak. Vast sums of money flowed into the unsupervised trade, which was fertile ground for embezzlement, and grabbing opportunities fast, with everything that that implies.
The foreign currency trade is a by-product of completely legitimate financial activity, and at the outset, ... (read more)