Wednesday 11 April 2012

Market Spreads are back online and pass the Full Audit without any issues at all

We have just received written authorisation from the Central Bank that we are now permitted to action client withdrawal requests. All such requests are now being processed. We really appreciate your patience in this regard.
The Grant Thornton report, received by the Bank yesterday evening, affirmed that:
"There are sufficient assets in client bank and custodian accounts to meet all client obligations"
"We are also satisfied that amounts due to clients are held in segregated client bank accounts".

Today at 2.30pm, we meet the Bank and will ask them what we need to do to clear their issues and get your service back in operation for you soonest. We’ll update you as soon as we can.

All staff at MarketSpreads are hugely heartened by the support that many many clients are expressing to us. The bank has suspended us for issues that stem from prior to December 2009 when under different ownership and management.
PS: All clients & demo account holders can login to the platform to see live prices and charts.

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