The following terminology applies to these Terms and Conditions, Privacy Statement and Disclaimer Notice and any or all Agreements: We are committed to protecting your privacy. Authorized employees within the company on a need to know basis only use any information collected from individual customers. We constantly review our systems and data to ensure the best possible service to our customers.
Parliament has created specific offences for unauthorised actions against computer systems and data. We are registered under the Data Protection Act and as such, any information concerning the Client and their respective Client Records may be passed to third parties.
However, Client records are regarded as confidential and therefore will not be divulged to any third party, other than Finance Magnates , if legally required to do so to the appropriate authorities. Exclusions and Limitations The information on this web site is provided on an "as is" basis. To the fullest extent permitted by law, this Company: This includes, without limitation, direct loss, loss of business or profits whether or not the loss of such profits was foreseeable, arose in the normal course of things or you have advised this Company of the possibility of such potential loss , damage caused to your computer, computer software, systems and programs and the data thereon or any other direct or indirect, consequential and incidental damages.
Finance Magnates does not however exclude liability for death or personal injury caused by its negligence. The above exclusions and limitations apply only to the extent permitted by law. None of your statutory rights as a consumer are affected. IP addresses are not linked to personally identifiable information.
This information is not shared with third parties and is used only within this Company on a need-to-know basis. Any individually identifiable information related to this data will never be used in any way different to that stated above without your explicit permission. Cookies are used in some areas of our site to enable the functionality of this area and ease of use for those people visiting. You may not create a link to any page of this website without our prior written consent. If you do create a link to a page of this website you do so at your own risk and the exclusions and limitations set out above will apply to your use of this website by linking to it.
Opinions expressed or material appearing on such websites are not necessarily shared or endorsed by us and should not be regarded as the publisher of such opinions or material.
Please be aware that we are not responsible for the privacy practices, or content, of these sites. You should evaluate the security and trustworthiness of any other site connected to this site or accessed through this site yourself, before disclosing any personal information to them.
This Company will not accept any responsibility for any loss or damage in whatever manner, howsoever caused, resulting from your disclosure to third parties of personal information. All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Finance Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at Finance Magnates are those of the individual authors and do not necessarily represent the opinion of Fthe company or its management.
Finance Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Any opinions, news, research, analyses, prices or other information contained on this website, by Finance Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice.
Finance Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Neither party shall be liable to the other for any failure to perform any obligation under any Agreement which is due to an event beyond the control of such party including but not limited to any Act of God, terrorism, war, Political insurgence, insurrection, riot, civil unrest, act of civil or military authority, uprising, earthquake, flood or any other natural or man made eventuality outside of our control, which causes the termination of an agreement or contract entered into, nor which could have been reasonably foreseen.
Any Party affected by such event shall forthwith inform the other Party of the same and shall use all reasonable endeavours to comply with the terms and conditions of any Agreement contained herein. Failure of either Party to insist upon strict performance of any provision of this or any Agreement or the failure of either Party to exercise any right or remedy to which it, he or they are entitled hereunder shall not constitute a waiver thereof and shall not cause a diminution of the obligations under this or any Agreement.
iFOREX Gives Up on Israeli Licensing Process, Leaves the Market | Finance Magnates
No waiver of any of the provisions of this or any Agreement shall be effective unless it is expressly stated to be such and signed by both Parties.
These terms and conditions form part of the Agreement between the Client and ourselves. Your statutory Consumer Rights are unaffected. The harsh regulations on online margin trading in Israel have caused another brokerage to withdraw from the market. Israeli clients of iFOREX CLIO Financial Trading LTD have just been told that the firm has decided to cancel its application for an ISA license and end its operations effective immediately.
Tzah Druker, the head of the Israeli Trading Arena Association, which represents the industry in its dealings with the regulator, commented: The firm joins a number of companies that have made a similar decision and those that will make a similar decision in the coming weeks due to the ISA limitations. It is not unavoidable that in the end of the process Israeli clients who want to trade will be forced to settle and turn to unregulated offshore arenas such as USG Capital and UTrade since there will be no firm left in Israel that will meet the ISA requirements to offer an alternative.
Speaking with Finance Magnates, the CEO of CLIO, Yoav Libal, said: The operation of the firm required a lot of management input and we determined that the profitability is not great enough. If we would have continued the process, we would have gotten the license and it was our decision to stop it. The ISA acted fairly and honestly with us and we have no complaints against it. There is a negative atmosphere regarding the industry in Israel and we were not able to bring enough clients.
I support regulating the field. Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing.
For more information, read our terms and conditions. You are using an outdated browser. Please upgrade your browser to improve your experience.
All News Retail FX Institutional FX Binary Options Executives CryptoCurrency FinTech Intelligence. Our Quarterly Report incorporates unique data on trading volumes and traders, in-depth insights, special guest articles, regional information, regulations, updates and much more. This exclusive report aims to serve as a manual, answering all of the questions on the Chinese multi-asset trading industry that you were always afraid to ask. You can Call us or simply leave your details and we will get back to you shortly.
In using this website you are deemed to have read and agreed to the following terms and conditions: Privacy Statement We are committed to protecting your privacy. Confidentiality We are registered under the Data Protection Act and as such, any information concerning the Client and their respective Client Records may be passed to third parties.
We will not sell, share, or rent your personal information to any third party or use your e-mail address for unsolicited mail.
Any emails sent by this Company will only be in connection with the provision of agreed services and products. Disclaimer Exclusions and Limitations The information on this web site is provided on an "as is" basis. Links to this website You may not create a link to any page of this website without our prior written consent. Communication All rights reserved. Force Majeure Neither party shall be liable to the other for any failure to perform any obligation under any Agreement which is due to an event beyond the control of such party including but not limited to any Act of God, terrorism, war, Political insurgence, insurrection, riot, civil unrest, act of civil or military authority, uprising, earthquake, flood or any other natural or man made eventuality outside of our control, which causes the termination of an agreement or contract entered into, nor which could have been reasonably foreseen.
Waiver Failure of either Party to insist upon strict performance of any provision of this or any Agreement or the failure of either Party to exercise any right or remedy to which it, he or they are entitled hereunder shall not constitute a waiver thereof and shall not cause a diminution of the obligations under this or any Agreement. Notification of Changes The Company reserves the right to change these conditions from time to time as it sees fit and your continued use of the site will signify your acceptance of any adjustment to these terms.
Finance Magnates Newsletter Insights, breaking news, market analysis and articles delivered to your inbox daily. Choose which department you want to message: Leave us your details to learn our powerful and innovative advetising opportunities for your brand.
To learn more about this unique service and to discover how it can help you grow your business, send us a message in the form below. If you have something valuable to say you can apply as a Finance Magnates Contributor. Just send us a message in the form below. First name Last name. Newsletters may offer personalized content or advertisements. I would also like to receive business enhancing offers and promotions. Log in to Finance Magnates. Enter your email address below. We will send instructions to reset your password.
Email was send successfully! Please check your inbox for our authentication email. Sign up to Finance Magnates.
View the Job Openings Available at iFOREX
Send me business enhancing offers and promotions. Sign me up for Finance Magnates News Updates. By signing up I accept Finance Magnates Terms and Conditions.
Thank you for registering to Finance Magnates. Please open the email we sent you and click on the link to verify your account. News All News Retail FX Analysis Brokers Products Regulation Technology Bloggers. Exchanges Execution Prime Brokerage Regulation Technology Bloggers. Analysis Brokers Products Regulation Technology Bloggers. Expert Insights Executive Moves Expert Questions Interviews Expert List.
iForex shuts Israel operation
News Exchanges Innovation Interviews Education Center Bloggers. News Data Algo Trading Crowd Funding Investing P2P Lending Payments Bloggers. Summits Expos Become a sponsor.
Tzah Druker, Head of the Israeli Trading Arena Association Finance Magnates Tzah Druker, the head of the Israeli Trading Arena Association, which represents the industry in its dealings with the regulator, commented: The full list of applicants for the Israeli License. Got a news tip? Let Us Know Found a mistake? Be the First to Comment!
iForex shuts Israel operation
Notify of new replies to this comment. MT5 Mobile Web Platform Releases Depth of Market Feature Credit Suisse Pegging Growth Hopes on Leverage Finance Synereo Opens Beta Registration for WildSpark - First App Quantave Wants to be the Institutional Gateway to MT5 Mobile Web Platform Releases Depth of Market Feature.
Credit Suisse Pegging Growth Hopes on Leverage Finance Space. Synereo Opens Beta Registration for WildSpark - First App for its AMP Token. Quantave Wants to be the Institutional Gateway to Cryptocurrency Liquidity.
FCA Warns Against Clone of Blackrock Asset Management UK Ltd. FCA Warns Public that MRTmarkets is not Authorised. FCA Charges Former UBS Compliance Officer with Insider Dealing.
Retail FX Institutional FX Binary Options Executives CryptoCurrency FinTech. Directory Intelligence Events About. Newsletter intro Terms and Conditions: Finance Magnates Cookies policies. Sign up for our newsletter and get all the hottest news in your inbox daily.
Be it a typo or a factual error - we do our best but we are also human! Do let us know and we'd be happy to check ourselves and fix if necessary.