USGFX bankruptcy liquidators: little progress, MetaQuotes blocking server sale
MetaQuotes have indicated that they are not prepared to arrange for the transfer of USGFX’s MT4 and MT5 licenses.
MetaQuotes have indicated that they are not prepared to arrange for the transfer of USGFX’s MT4 and MT5 licenses.
The story of the bankruptcy of Australian Retail FX broker USGFX just got stranger. And, potentially, a lot bigger.
New disclosures made by administrators-turned-liquidators BRI Ferrier shed more light on what happened at USGFX leading up to July 8.
USGFX shareholder Soe Hein Minn is refusing administrator requests for access to the bankrupt company’s MT4 and MT5 platforms.
BRI Ferrier are already embarking on a due diligence phase with potential buyers for bankrupt USGFX’s business and assets – mainly, its client list.
Claims allege that USGFX provided a service to hold client funds in Australian bank accounts and earn interest, rather than for trading purposes.
We don’t know just how much longer the logo of Retail FX broker USGFX will adorn the jersey front of […]