Neuimex Faces Bancruptcy

Neuimex Forex broker, which offered Metatrader 4 trading with e-gold support since 2005 is now bankrupt and is in process of liquidation. The process began in March this year, but many of its clients are still unaware of this because of a lack of any news from Neuimex.

The Swiss Federal Banking Commission (SFBC) opened bankruptcy proceedings against Neuimex Asset Management AG with effect as of March 30, 2007, 8:00 a.m. The opening of bankruptcy proceedings together with the call to creditors were published on the webpage of the SFBC (see http://www.ebk.admin.ch/e/) on April 10, 2007 and will be published in the Swiss Official Gazette of Commerce on April 18, 2007.

This is a very worrying news for the Forex traders and it once again warns anyone of problems connected with using brokers without a proper historical background or regulation.