Swiss broker and bank, specialized mostly on forex traders, informed on Thursday that it intends to halt all of its activities in Japan and move away from the East Asia market.
Dukascopy clients were already unable to place any new trading orders or open new positions since June 21, 2015. For those, who are still in open positions, Dukascopy informed that they should close them until July 4, 2015. Dukascopy informed officialy that in any case of non-clear issues or any further question, Customer Support team is prepared for them to solve these problems and the Swiss-based broker apologized for this unusual quick step, trying to keep appropriate relationship with its customers.
LeapRate, financial news provider, informed that Dukascopy management stated for them that the change is related to Dukascopy Bank’s strategy adjustment, including major changes in cross-border services and international expansion plans.
Another changes came from Europe, where the well-known forex broker, oriented mostly on retail customers – FXPRIMUS, informed that it is intending to moved its headquarter to Cyprus.
All this came right after the company got a license as a Cyprus Investment Firm (CIF) and with such an advantage it would like to extend its operations at this place. The CIF license has been acquired in December 2014 and FXPRIMUS as a holder has the right to offer financial services in the entire European Union as the regulation counts on the fact that it is enough for companies to obtain license in any member state. Moreover, the CySEC license may be used for 28 more countries outside the EU where cross-border services may be offerred.
FXPRIMUS has informed that it has already made much work to reached this level of business in Cyprus, comprising also of head-hunting for talented financial personalities. Moreover, the retail broker participated on CySEC-sponsored recruitment fair on June 24 to reach these new employees.
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