Budapest Courts Allow iForex to Trade

DailyForex.com Team

Only weeks after its regulation was suspended by the Hungarian Financial Services Authority, the company has won an appeal to have its license reinstated. The Budapest Metropolitan Court rebuffed the original ruling of the HFSA and has now allowed iForex to conduct business on behalf of its existing customers, and to accept new traders. This judgment will be in effect until the petition by iForex for a permanent reregulation is resolved by the courts.

Although the original suspension was deemed to be for six weeks, the recent repeal of this suspension is a victory on behalf of one of the oldest Forex brokerages.

DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

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