Hi Folks.

Those of you who have been with me for a few years may recall that FinFX, based out of Finland, was my go-to broker for about 3 years.  They were the best people to deal with, their spreads were super tight and they honored withdrawal requests just as soon as they were made.  Can't ask for much more than that in a broker.

Then the US rules on Forex trading changed and as a result, FinFX was forced to drop all US based clients.  I lost all interest in following them after that.

But apparently, a couple of years later they were bought out by some Russian group who moved them to Cypress and within a year or so were shut down permanently by some Cypress regulatory agency (and I was shocked to hear Cypress even had such a beast, given the number of disreputable brokerages that are based there).

Fast forward to this morning: I got an email from someone (I do not know who) alerting me that FinFX was now FinFXGlobal and they were back in business and ready to take on all new clients, including those in the USA (at least they list the US as an acceptable country in their application).

They are no longer in Cypress.  They are now in Malaysia.

I do not know if the "new" owners are the original group from Finland, the buyers from Russia, or some new third party who has entered the fray.  Whoever they are they got hold of a mailing list that identified me as a former customer.

So I am letting you know up front: I do not recommend you do business with these guys, at least until we figure out who is who and whether the people responsible for crashing FinFx in the first place still maintain control.  And if that is the case then I would definitely put them on my no-trade list.

I'm sending this out simply because the email looked enticing, as does their website, and I know a lot of you traded with them back in the day, so you might get the same email I did.

So be warned.  Whatever goodwill the original FinFx might have generated is long since gone.  Stay away from these guys until further notice.

Jeff