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FinFX reaffirms its brokerage model in lieu of SNB decision!
Friday 16th of January 2015
Due to the Thursday's dramatic move on the Swiss franc by the Swiss National Bank, a number of brokers have announced that they "can no longer meet regulatory minimum capitalization requirements because of significant losses". A considerable number of brokers went bankrupt and closed down.
FinFX adheres to strict risk management policies and has an extensive range of internal policies and procedures to ensure high standards of business processes; thus they were able to overcome unprecedented volatility. FinFX would like to inform their clients, that their business was not affected substantially. FinFX will continue to operate normally.