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More good news for retail traders as 96% of client funds are returned from Excel Markets collapse

More good news for retail traders as 96% of client funds are returned from Excel Markets collapse

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Ryan Littlestone
28/01/2015 | 16:26 GMT

Excel Markets was one of the first broker victims following the SNB move but yesterday Forex Magnates confirmed that the the New Zealand regulator has overseen the return of 96% of client funds.

While I was perusing the latest news there is also warnings from Spain, Greece and Canada over certain FX operations of Simple Trading Corp Ltd, FXGL Capital and Global Markets OOD and FXStreetoption.com, which was exposed as a binary clone of our friends at FXStreet.

In Canada the Ontario Securities Commission issue a warning on Magellan Trading saying they are not registered in Canada.

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