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China

Inside View, Live from China FXIC, Technology

China’s FX platform conundrum. We dissect where MT4 and MT5 will fit into the future, live from Shanghai

“With MetaTrader 5, the user experience is not as expected. Let me make an example. If a broker wants to mark up $10 commission on a trade, then a trader will see the commission charged, however in MetaTrader 5 the commission charge is combined within the floating profit & loss, therefore it is much more difficult for traders to realize the amount of commission that they have been charged.” – Yonglong Wu, Senior Sales Manager, Leverate

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Industry News, Retail FX

Key Chinese IronFX employees and representatives scared to speak out on Chinese IB withdawal issue even one year after leaving company

Two years have passed since IronFX became the subject of high profile allegations that it was not paying IBs, affiliates and clients in China, yet still the firm operates, and monies are still owed. FinanceFeeds has found that employees of the firm who left the company a long while ago and are privy to vital information are far too afraid to step forward, even now.