Traders Trust Officially Took Control over JFX Website Domain and Client Book

The Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term) has just announced that on the 22nd of August, 2014, the firm Jiffix Markets Ltd, which provided investment services via the domain www.jfx.com, has renounced its authorization.

The broker, JFX (Jiffix Markets Ltd), was started by Charles Henri Sabet back in 2012. As first exclusively published by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates in June, JFX has been merged into Traders Trust Capital Markets.

Right now, any client of JFX who tries to access the old website is being redirected to a Welcome to Traders Trust landing page that reads:

Jiffix Markets Ltd. (“JFX”) is in the process of assigning their business to TTCM Traders Trust Capital Markets Limited (“Traders Trust”). With effect as of opening of business on Monday, August 18, 2014, all trading account(s) and open positions of JFX clients have been transferred to Traders Trust.

According to Forex Magnates' sources, Mr. Sabet had already relinquished control of the company in June and wrapped up all operations a while ago, passing it on to Traders Trust Capital Markets Ltd, run by Nicola Berardi, who previously worked for Mr. Sabet as Chief Financial Officer at his banking venture Synthesis Bank, which was sold to Saxo Bank back in 2008.

Forex Magnates’ reporters reached out to both companies for comments, however, as of time of publication management declined to comment on the matter.