FXdirekt Bank

FXdirekt Bank AG
Private company
Industry Banking / Online Trading
Founded 2004
Headquarters Oberhausen, Germany
Products Online trading with forex, CFDs and FFDs
Number of employees
 90
Website http://www.fxdirektbank.com

FXdirekt Bank was an independent company that had around 90 employees at its peak. On December 21, 2012, it began to liquidate customer accounts and return customer assets, pursuant to the order of the German financial regulator, BaFin.[1] The company headquarters were located in Oberhausen, Germany. FXdirekt Bank was a member of the EdW ("Entschädigungseinrichtung der Wertpapierhandelsunternehmen"), which was an organisation created to secure investor claims and was also registered as a commercial bank with the BaFin the German financial regulator.

Company history

The first German-language online trading platform FXdirekt was introduced onto the market in 2001 by the company ibas AG, which was closely associated with the FXdirekt Bank. The FXdirekt Bank was founded in 2004 and has steadily broadened its areas of competence in the forex market. The multimarket trading platform FEXtrader Pro was introduced in 2007. The bank now offers not only online trading with forex, stocks, indices, commodities and treasuries but also the complete technological settlement of the FX, CFD and FFD transactions.

The CEO of FXdirekt is Mr.Wolfgang Stobbe, born on 21 May 1963. He holds 100% of all shares of the FXdirekt Bank AG. He is also the owner of 5 companies at the same location as FXdirekt Bank in Oberhausen.

The company was forced to liquidate customer accounts and return assets on December 21, 2012 by BaFin.

Awards

The FXdirekt Bank was voted Best Forex Broker in the German “Brokerwahl” broker awards in 2005, 2006, 2007 and 2008. In 2008 FXdirekt Bank also came third in the CFD Broker category in the Broker Awards. The broker awards are an independent poll of thousands of private investors who evaluate the services provided by numerous banks and brokers from a range of different segments.

See also

References

  1. ↑ "FX Direkt Statement On BaFin Action".

External links

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