FinanceMagnates
Union Standard International Group (USG), a now-closed contracts for differences (CFDs) broker, and its two former affiliates, TradeFred and EuropeFX, engaged in “systemic unconscionable conduct” between 2018 and 2020, resulting in a loss of over AUD 83 million (about USD 51.7 million) to customers, an Australian federal court found today (Friday).Shady Practices by CFD ProvidersThe court’s conclusion followed evidence from customers of EuropeFX and TradeFred…
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CFDs Traders on Now-Closed USG, TradeFred, and EuropeFX Lost US$51.7 Million
Arnab Shome
18:20
Union Standard International Group (USG), a now-closed contracts for differences (CFDs) broker, and its two former affiliates, TradeFred and EuropeFX, engaged in “systemic unconscionable conduct” between 2018 and 2020, resulting in a loss of over AUD 83 million (about USD 51.7 million) to customers, an Australian federal court found today (Friday).Shady Practices by CFD ProvidersThe
