TheNews wrote: Sat Jun 10, 2017 4:40 pm We show full details of how certain retail firms are onboarding customers by taking deposits to personal accounts, which are then transferred by ‘agents’ to the brokerage to circumvent laws about onboarding customers and the risk management systems of merchant services providers

A great deal of concentration has centered on the means by which retail FX brokerages offer electronically traded financial products to a non-professional audience across the world during recent times.

Regulatory authorities and government organizations have committed vast resources to ensuring that the retail FX business provides full information regarding how trades are executed, who the counterparty is, what leverage can be provided and where client funds are kept, however there are areas which are just as important, that are missed.

If ever there was an advertisement to only conduct retail FX business with long established companies in major jurisdictions with a history of expertise and quality and with a strong and orderly regulatory framework – that being Britain, North America and Australia in most cases, then the means by which certain firms operate is a case in point.

Last year, FinanceFeeds explained how some companies manage to maintain regulatory licenses from CySec and have presence in Cyprus whilst conducting the vast majority of their business via offshore entities.

Indeed a matter worthy of consideration is how regulatory authorities in specific regions that are synonymous with the FX industry, with their reputation for high quality business, have the burden of companies operating unregulated offshore business from different regions, outside the regulatory oversight of specific national authorities.

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