Cypriot CFD broker LegacyFX convicted of evading AFM decision
Cypriot CFD broker LegacyFX was ordered by the District Court Midden-Nederland on May 17, 2023 to pay EUR 303,000 to an investor who had lost this amount through CFD investments. Offshore construction In our earlier post on this broker, we wrote that LegacyFX may be evading the AFM decision banning CFDs with leverage greater than 1:30. The AFM decision also contains an "anti-avoidance provision," which thus appears to work, even against a party that does [...]