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One rule for us and another for the old school: non-FX firms getting away with 62 day withdrawal time
Imagine the furore if a regulated FX or CFD brokerage, or indeed any electronic trading entity with a good quality license in a first tier jurisdiction for financial markets was to take 62 days to pay a withdrawal of client funds. The retail electronic trading business has, ever since its dawn thirty years ago and rise to mass popularity during the 2000s, always had a massive emphasis placed on it by customers, regulators, the media and even discussion forums centering around the time it takes for a broker to process a withdrawal of client funds and for them to arrive in the client account. Of course, there was a ... (full story)