Forex Brokers News
Now Reading
Will Insolvent FX Firm Excel Markets Return To Operations?

Will Insolvent FX Firm Excel Markets Return To Operations?

by FXhour - PostmasterJanuary 28, 2015

One of the New Zealand based insolvent FX Firms Excel Markets recently suffered a chaos as we many of you know due to the SNB removing the 1.20 floor. The broker closed for operations due to large due towards their clients.

However, in a recent release, they mentioned that 100% of pending withdrawal requests were processed amounting to 93% of the $1.954M in client equity. This was good, and sends a good vibe to the traders across the globe.

Now point comes is whether they are considering a comeback? They stated that many urged that Excel seek a remedy to reopen. Numerous reopening options are being carefully considered. This means the doors are still open and if they find investors or something which can lift their morale, then we might see Excel Markets back to action.

Let’s wait for the next update. Feel free to share your comments about Excel markets.

What's your reaction?
Love It
Hate It
About The Author
FXhour - Postmaster
Postmaster is managed by FXhour's internal news team. The team submits stories from quality news sources around the world, determined to provide viewer top quality content related to the Forex and Financial Market.

Leave a Response