In simultaneous news releases, Cypriot forex broker IronFX, announced that it has registered as a Financial Service Provider (FSP) in New Zealand, as well as becoming a member of CRFIN, Russia’s leading self-regulating organization, whose goal is the passing of forex regulation in the country. The FSP license and CRFIN membership, adds to IronFX’s existing regulatory jurisdictions where is its regulated by CySec, the FCA, and ASIC.
According to broker, the news is part of the firm’s global expansion where it is aiming to be viewed beyond just being another Cyprus broker. Back in March, when asked by Forex Magnates about the potential effects of the banking crisis in Cyprus to the country’s brokers, IronFX made reference to it being a global broker by stating “IronFX, which keeps all client and own funds outside of the country is a much safer trading counterparty than a small FX broker (often unregulated) based in a perceived “safer” jurisdiction. As a result, existing and future clients do not care if their FX broker is based in Cyprus but whether it is a large, reputable, well regulated firm that holds client funds with reputable investment grade international banks.”
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