The foreign exchange market (in English: "Foreign Exchange", commonly abbreviated to "Forex"), represents the global currency market moves daily trade volume of over U.S. $ 4 trillion *. Forex trading allows investors speculate in the market, and benefit from changes in the value of any currency pair.
* Reference: The Economic Times
What is the implication of Forex Brokers in Switzerland?
Since April 2009, all Forex Brokers in Switzerland, as the company GFX Group SA (www.forex.ch / s) had to provide the Swiss Federal Banking Commission "Swiss Federal Banking Commission" all documents relating to the obtaining a banking license. Without the application or the acquisition of this license, the Brokers in Switzerland can not continue operations in the country as such.
Laws and regulations that were implemented in order to increase the protection of investors and clients in this sector and to contribute to the image and reputation of the financial industry in Switzerland.
Pose GFX company towards acquiring a banking license.
GFX Group SA is a Swiss online broker founded in 2005 with its headquarters in Geneva. No charge commissions and currently offering a variety of currency pairs, GFX offers the advantages of online trading and its customers benefit from service and 24-hour multilingual support.
Daily GFX work comply with the conditions and requirements imposed by the Swiss authorities in order to acquire its banking license. One of the many measures that have been taken and that is in the process of adaptation, increasing its capital.
While the request GFX advancing its banking license in Switzerland, the company is in the process of structuring its organization according to standards set by the regulatory authority, FINMA (formerly the Swiss Federal Banking Commission "Swiss Federal Banking Commission") . The new structure will provide better security in the system, and will provide a level of service even higher and better trading conditions to its clients.
After obtaining a banking license, GFX Group SA is in a position to further diversify its financial product line.
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