The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage on Tuesday. Publicly listed forex and CFDs brokerage XTB has prevented customers from taking advantage of price movements while allowing them to suffer from the negative effects of slippage. According to KFN, the broker committed those irregularities in the execution of client orders in a time period stretching from January 2014 to the end of May 2015. A few hours after the announcement of the heavy penalty, XTB stated that it fully disagrees with the KFN’s ... (full story)