Will Insolvent FX Firm Excel Markets Return To Operations?
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.