FXOpen - When Money Makes Money

[FXOpenManager]

Dear Clients,
Due to planned technical maintenance, our website and other services may suffer some interruption for the next few hours. Thank you for your patience.
FXOpen Team

[berglee]

maintenance on weekend is it wont affect our trading

[BossOfHyips]

I am sorry but FxOpen doesn't have any license to hold client funds or to act as broker.

FSC advised you to wind up your business at the earliest.

Regards,
BOH

[jafar00]

Originally Posted by BossOfHyips

I am sorry but FxOpen doesn't have any license to hold client funds or to act as broker.

FSC advised you to wind up your business at the earliest.

Regards,
BOH

Mauritius FSC has no power to order company to wind up obviously. They can only ask you to leave Mauritius. FXOpen being decentralised, simply moved the affected functions to other offices so that disruption was minimal.

FXOpen is getting ready to announce the details of the new license and regulations in the new year and I'm sure you will be impressed.

[BossOfHyips]

Originally Posted by jafar00

Communiqué
Further to the press release dated 27 May 2010 regarding the suspension of a number of
Global Business licences, the Financial Services Commission has, in accordance with Section
74 (5) of the Financial Services Act, now revoked the Global Business Licence of the
following companies:-
1. BASEL FINANCIAL INC.
2. FXCOMPANY FINANCIAL GROUP LTD
3. FXMarkets Ltd
4. FXOpen Investments Inc.
5. WORLD DERIVATIVES TRADERS LTD
Furthermore, pursuant to Section 74 (7) (b) of the Financial Services Act, the above
companies have been directed to start the winding up of their business.
Financial Services Commission
FSC House
54 Cybercity
Ebene
Mauritius
10 August 2010

Source - http://www.gov.mu/portal/sites/ncb/f...ue12082010.pdf

Yes, by winding up means winding up from Mauritius.

Regards,
BOH

[jafar00]

Originally Posted by BossOfHyips

Source - http://www.gov.mu/portal/sites/ncb/f...ue12082010.pdf

Yes, by winding up means winding up from Mauritius.

Regards,
BOH

Ok, we all know about that. Incidentally, FXOpen has not received a single piece of correspondence from the Mauritius FSA in all this time regarding their press release despite repeated requests for an explanation. If the pdf hadn't been spammed all over the internet by competitors, FXOpen would probably still be operating according to Mauritius law to this day .

BTW, Is there any reason you need to bring up old and now irrelevant news at this time?

[FXOpenManager]

Dear Clients,

For those that have not logged in to MT4 to get the announcement, here are the trading times and conditions for the Christmas 2010/New Year 2011 period.

For Market Maker accounts (Micro, Standard and PAMM Standard): please note the following changes to the trading terms during Christmas and New Year Holidays:

closing on 24.12.2010 at 20:00 (Server time)

normal opening on 27.12.2010 (Server time)

closing on 31.12.2010 at 20:00 (Server time)

normal opening on 03.01.2011 (Server time)


A Maximum Leverage limit of 1:100 will be set during the period of 24.12.2010 till 03.01.2011.

Spreads, Limit/Stop and Freeze levels will also be increased 3 times during that time.


----


For ECN accounts (ECN and PAMM ECN):

Trading hours during Christmas and New Year Holidays:

Trading Closes - Dec 24th 00:00 (Server time)

Trading Opens - Dec 27th 00:00 (Server time)

Trading Closes - Dec 31th 00:00 (Server time)

Trading Opens - Jan 3rd 00:00 (Server time)

A Maximum Leverage limit of 1:33 will be set during the period of 24.12.2010 till 03.01.2011.


On behalf of the FXOpen team, I would like to thank you for your support and your business in 2010 and we are looking forward to working with you to build a lasting success in 2011.

Merry Christmas and Happy New Year!

Best regards,

FXOpen team

[BossOfHyips]

Originally Posted by jafar00

BTW, Is there any reason you need to bring up old and now irrelevant news at this time?

It is neither old nor irrelevant. It is probably more relvant that whatever competitions you hold.

However big a broker is, there cannot be a substitute to proper regulation and legal acceptance to receive client deposit.

Regards,
BOH

[Takiii]

Mauritius is not proper regulation, as mauritius doesn't regulate forex. Now stop trying to sell people your mauritius licenced company and post something relevant.

[Gotty]

Hi FxOpen! Thank you for your affiliate program! I am involved and satisfied