On 14.12.2016 a court hearing will be held in front of the Munich regional court in Germany, which is important for a large number of small investors from all over the world.
The case concerns the failure of the Cypriot investment company IronFx Global Limited to pay out customer funds.
IronFx Global Limited is a CFD provider that is allowed to conduct its business across Europe but is subject to Cypriot supervision only.
The subject of the injunction is one customer’s reporting on the monthly retention of customer deposits by IronFx Global Limited.
The first hearing should clarify the facts.
The personal appearance of the defendants and a representative of IronFx Global Limited are ordered.