Finland-based MT4 ECN broker FinFX has announced to its clients it will no longer offer brokerage services to US citizens as of January 30th, 2015. The unregulated broker was one of the few international brokers still willing to risk accepting American clients.
FinFX was founded in 2010 by Jani Hjerppe. It remained unregulated until now and at the same time continued to accept American clients despite the US regulator’s demands that all brokers accepting Americans clients must be regulated by the NFA. This was done with the intention of repatriating all FX traders’ accounts. Foreign brokers that did not comply often found themselves summoned to the US with threats of legal sanctions.
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