Listen to the Article: Brokers Gone Broke: The CCC UK Case and Common Causes of FX Broker Bankruptcy
Despite the increased trading volume in the forex market, several forex brokers have faced insolvency in recent years. Some examples are Probis, SVS Securities, Halifax, XeroMarkets and the latest one, City Credit Capital UK, according to Fazzaco News. This leads to a question: Why do brokerages still go bankrupt one after another in a time of rising online forex trading?