iFOREX Brokerage Ltd. announced today that on September 19, 2011, the Budapest Metropolitan Court decided to annul the decision of the Hungarian Financial Supervisory Authority (HFSA) of July 7, 2011 by which HFSA suspended the license of iForex. The fine imposed by the HFSA on iFOREX was also canceled by the court. iFOREX will now continue to service clients from many major European and global locations and in various languages including French and Italian, which can be found at http://www.iforex.fr and http://www.iforex.it
This decision comes after a previous interim injunction was issued by the Budapest Metropolitan Court on July 29, 2011, which temporarily suspended the execution of the HFSA´s decision. The injunction allowed iFOREX to resume offering financial services to its clients throughout Europe and the latest court ruling has confirmed that iFOREX can provide online currency trading services.
As iFOREX recommences its European services, its clients will be able to trades various currencies online as well as CFDs . If you would like to receive further information on iFOREX, its services and forex educational tools, please visit http://www.iforex.com
