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Xtrade

On the 25th October 2016 Xtrade forex brokers were fined 225000 euros for breaches in regulations.

 

https://www.finance4nonfinancemanagers.com/xtrade-fined-by-cysec/

 

Xtrade has scammed many people and they will continue to do so unless you stand up to them and make them accountable. Xtrade will scam you and rob you.

Join now the class action against them as CYSEC can now see that they have breached regulations and now we need to tell them that they are still scamming people.

The Cyprus Securities and Exchange Commission (CySEC) has published a Board decision from end-September to fine XFR Financial, the parent company of the forex broker XTrade a total of €225 000 for a number of regulatory violations.

The largest portion of the fine, €70 000, is for providing investment advice without having the proper authorization to do so. Three fines, of €40 000 each, are imposed for failing to act fairly and honestly in accordance with its clients’ best interests in granting trading bonuses, misleading and unclear marketing communications and failing to ask clients for all necessary information on their trading competence and not warning them that some instruments are not suitable for them.

 

The largest parts of the fine relate to:

  • providing investment investment advice without authorisation,
  • failing to act fairly, honestly and professionally or in the best interests of clients in granting trading bonuses, and
  • marketing communications were not fair, clear and non-misleading.

 

You can join the class action group with Phoenix Advisors

https://phoenixadvisorsgroup.com

https://phoenixadvisorsgroup.com

Contact Marcin @ Phoenix and together justice will be done against them in a class action .


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