Chris4ripple Posted January 10, 2021 Share Posted January 10, 2021 Dear fellow traders, I trade ripple as CFD now my broker has informed me today they will delist xrp from next week and close all positions automatically, my question is this legal? we are based in the Middle East so nothing to do with USA. Looking forward to your input Link to comment Share on other sites More sharing options...
Pablo Posted January 10, 2021 Share Posted January 10, 2021 Hi - do you know if the broker has any business in the US or holds US brokerage licenses? If they do, that might explain why they have taken that decision. As for whether that decision is legal, if you and the broker are based in the Middle East, you will need to find someone with specific legal experience in your jurisdiction. There are a few lawyers on this forum (including myself) but I don't know anyone with ME legal experience. Maybe one of the other members can chime in. Link to comment Share on other sites More sharing options...
Chris4ripple Posted January 10, 2021 Author Share Posted January 10, 2021 Thank you very much Pablo, they don’t hold any or do any business in the US. They basically just say everybody will do it Link to comment Share on other sites More sharing options...
Dario_o Posted January 10, 2021 Share Posted January 10, 2021 May we know the name of this exchange/trading platform? Link to comment Share on other sites More sharing options...
JJJ2 Posted January 10, 2021 Share Posted January 10, 2021 does anybody know if kraken has announced any delisting? Link to comment Share on other sites More sharing options...
7strings Posted January 10, 2021 Share Posted January 10, 2021 Just now, JJJ2 said: does anybody know if kraken has announced any delisting? no comments whatsoever yet afaik JJJ2 1 Link to comment Share on other sites More sharing options...
Chris4ripple Posted January 10, 2021 Author Share Posted January 10, 2021 45 minutes ago, Dario_o said: May we know the name of this exchange/trading platform? The broker is IG Dario_o 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now