Cyrpus based forex broker Orbex reports business as usual: it did not experience any negative effects and continues serving clients.
Here is the press release:
Limassol, Cyprus, 16th January 2015
Following extreme volatility on the Forex market due to the Swiss Franc’s 30% price climb, Orbex is pleased to announce that their operations have not been negatively affected and they continue serving their clients without hindrance.
Although the extreme volatility has cast a shadow on many brokers and wreaked havoc across Forex market, Orbex remains steadfast in their operations and assures their clients that it is business as usual.
Orbex employs rigorous risk management practices to make sure that their clients and investors, as well as company’s operations, are adequately protected in volatile times such as these, by acting responsibly and limiting our losses.
Forex market has not seen this type volatility in many years, and the Swiss Franc storm will determine the strongest broker still standing.
The Managing Director of Orbex, Abdullah Abbas said: “Our uninterrupted service is a testament to our commitment to responsible business model. We would also like to extend our sympathies to traders who have sustained large losses during this turbulent time, which is why we are strong advocates of responsible trading and investment literacy.”