Industry News: XTB Faces Activist Scrutiny Following Regulatory Fine

The Financial Commission / Media posts / Industry News: XTB Faces Activist Scrutiny Following Regulatory Fine

European broker XTB has faced some public scrutiny for their alleged infringements on pricing for its retail customers for which it was fined earlier this year. As reported by Finance Magnates, late last week a group of activists from Trading Jam Session Foundation, a local industry association gathered outside the firms offices to protest the irregularities in price quoting and trade execution that failed “to pass on positive price movements on clients’ contracts between receipt of an order and its execution, while passing on negative price changes or, in some cases, not executing the trade”.

Such situations once again highlight the fact that Forex traders, even novice ones, are becoming more sensitive to pricing and execution in their trading accounts, often times seeking to check their executed prices to ensure they received “best execution” from their broker.

Moreover, similar irregularities have been found by regulators to be adverse to customer interest as far back as 2010, when well-known broker FOREX.com/GAIN Capital was fined by the NFA in the United States.

Share This Story, Choose Your Platform!