Hungarian regulator suspends iForex licence

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The Hungarian Financial Supervisory Authority (FSA) has fined currency trading firm iForex 20 million forints ($100,000) and suspended its foreign exchange trading licence for six months after the firm failed to provide adequate information to clients relating to risk.

According to a translated statement seen by FX Week, the regulator started investigating iForex in January and found the company's web-based FX trading platform did not have the required level of capital and did not provide enough

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