Forex Regulation in Action: ForexCT under ASIC investigation

ForexCT, holder of the Australian ASIC licence (domiciled in Vanuatu), has come under ASIC investigation as of March 20th, 2019 for allegedly pressuring and clients into losing money, making more deposits as well as encouraging them to execute trades which resulted in loss.

There are no comments given by each side, the trial begins in May, 2019.