XTB fined with $2.7 million

Discussion in 'Forex Brokers' started by mlawson71, Sep 25, 2018.

  1. mlawson71


    The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage.
    Publicly listed forex and CFDs brokerage XTB has prevented customers from taking advantage of price movements while allowing them to suffer from the negative effects of slippage.

    According to KFN, the broker committed those irregularities in the execution of client orders in a time period stretching from January 2014 to the end of May 2015.
  2. JSOP


    Poland has a financial regulator? Wow! Learning something new every day.
    JesseJamesFinn1 likes this.
  3. destriero


    I’ve long been told that XTB is Milanese/Sicilian mob-owned.
  4. mlawson71


    I believe all EU member states have financial regulators which are under the control of the European Securities and Markets Authority (ESMA).
  5. ok, want to try it
  6. mlawson71


    Try what, XTB or the Polish regulator?