2008-03-28 New regulations in Switzerland. Forex Brokers without a bank license will be closed. So, we now see the next country which decided to regulate foreign exchange business. As announced on the webpage of the Swiss Banking commission, all companies operating on foreign exchange market are required to obtain a full banking license. The law coming in force on April, 1st gives existing companies one year space of time for obtaining the license. (full story : http://www.allforex.eu/BrokersNews.php?news=95)
Moondog, Swiss banking license is "easy to get"? Do tell as I have several existing broker and banking clients looking to set up forex brokerage businesses.