Yahoo Japan’s YJFX to stop offering C-NEX, powered by Currenex
There was no explanation provided by the company on the reasons for the service termination.
Retail Forex broker YJFX, a subsidiary of Internet giant Yahoo Japan Corporation (TYO:4689), has announced its plans to terminate the offering of Forex trading service C-NEX, powered by Currenex.
In a brief notice on its website, the company says that it will stop providing its “C-NEX” service on November 8, 2019 (Fri) at New York close.
There was no explanation about the reasons for the termination of the service. The brokerage, however, provided detailed guidance to users of the service on how it will proceed with the termination and what the traders need to do to get back their funds.
YJFX has not been very active lately. The latest press release issued by the company is from mid-June 2019 and concerns management changes.
In terms of offering, the company has seen some significant changes over the past couple of years but nothing significant lately (apart from the C-NEX termination just announced, of course). For instance, in January 2018, YJFX started offering products under the Yahoo’s Yjam Trust Series. In September 2017, YJFX confirmed it was among the companies whose binary options apps were removed from Apple’s App Store. In April 2017, the brokerage said it would wind down its social trading service Trade Collector.
Sadly, there was no information today on a service that would may be used as an alternative to C-NEX by YJFX clients.