Basel Financial
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FXstreet.com (Barcelona) - The Mauritius Financial Services Commission (The Commission) has decided to revoke the license of FXOpen and Basel Financial Firms. In a 27th May statement, the Commission stated that these two companies, among others four, are hurting the financial reputation in Mauritius.
"The Commission having reasonable grounds to believe that the revocation of the Global Business Licenses issued to the undermentioned companies is necessary to protect the good repute of Mauritius as a centre for financial services and to protect investors," says the statement.
In addition to FXOpen and Basel Financial Firms, the Global Business Licenses of the following companies are being suspended forthwith: AEcnFX (Mauritius) Ltd, FXCOMPANY FINANCIAL GROUP LTD, FXMarkets Ltd, WORLD DERIVATIVES TRADERS LTD.
The Commission's Chief Executive has ordered an investigation on the back that the Commission has reason "to believe that the above companies are carrying or are likely to carry out activities that may cause serious prejudice to the reputation of Mauritius."
Overall
I would have to say I have made very nice profits on the demo account these people offer. I would never open a live account with them though. Their 24/7 support is not helpful and keeps disconnecting from the chat session on me. Also seen a lot of bad reviews about them. There support section of their website even appears to be removed now.
Overall
perfect performance. 1pip spreads and fastest execution ever. my top favorite
just its a 4 digit broker and automated trading is not for micro accounts. so only winning strategies make sense here.
