Smile fellow Finance Magnates readers, for its a great day in the retail trading industry. Why? Because the British governments Insolvency Service has shut down Global Fin Services Ltd (GFS).
As informed as most of you Finance Magnates readers are, I appreciate that this name will likely be unfamiliar to most of you. Many visitors to this site may, however, be familiar with Trade12 a retail broker.
GFS is the company that, for the past few years, has been operating Trade12. If you have had the misfortune of dealing with Trade12s less than scrupulous sales team and shoddy business operations, the following will make for pleasant reading.
The Insolvency Service has decided to shut the company down. Like many other unregulated brokers, the fi…
Read the full article at: https://www.financemagnates.com/forex/fca-shuts-down-owner-of-unregulated-broker-trade12/