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Saxo Bank Declared is NOT a Market Manipulator

Danish Saxo Bank, has been under investigation after they were accused of manipulating prices – something that is usually associated with rogue brokers. Well, these allegations were false. Michael Greenberg reports that the investigator closed the case:

Oliver Wyman has concluded that there is also no evidence that individual clients have been treated unfairly. It seems that based on these findings DFSA will halt its proceedings against Saxo.

Good news!

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.