FOREX TRADING LEGALITY

<div>Old mutual money account manager Lloyd Cooper and complaints resolution manager David Price say Forex trading under regulated brokerages is ******* in South Africa. I have an account with them which I used to fund my broker account.

My understanding is Forex traders do so under lincenced entities which are brokers regulated by fsca.

They are confusing individual online trading with this house Forex trading in currency movement which is paid out in Rands which does not involve outflow of Forex.

They do not want to confirm its legal saying any form of online trading is ******* which means all these investors if Forex trading are *******.

This displays utter incompetence from these two managers or just abusing their positions.

The govern explained and distinguished Forex trading as its commonly as legal from other online individual done unlicensed.</div>