That's right about regulation. They will soon be.
Also about them being sued... they cannot be sued because they apparently do not have a registered business entity anywhere in the U.S. So it will be interesting to see exactly what or how the U.S authorities are going to sue them.
Anybody can have a U.S phone number. Even I can within a few minutes if I wanted to. And that is all FXO had... a U.S phone number, probably to make it cheaper for U.S residents to contact them on the phone.
FXO could very well be the largest forex broker in the industry.. I am not sure though.
Personally, I've not had any problems with my withdrawals so far. They've always been prompt and hassle-free.
Also about them being sued... they cannot be sued because they apparently do not have a registered business entity anywhere in the U.S. So it will be interesting to see exactly what or how the U.S authorities are going to sue them.
Anybody can have a U.S phone number. Even I can within a few minutes if I wanted to. And that is all FXO had... a U.S phone number, probably to make it cheaper for U.S residents to contact them on the phone.
FXO could very well be the largest forex broker in the industry.. I am not sure though.
Personally, I've not had any problems with my withdrawals so far. They've always been prompt and hassle-free.