* Tadeusz Kuropatwinski, XTB: "Most of the members of the Romanian public do not make the distinction between authorized and unauthorized companies"
* Cristian Cochinţu, Admiral Markets: "Online currency trades don't always take place in a safe environment"
* Victor Stănilă, Tradeville: "Some of the companies have succeeded in creating confusion on what can be traded and what can't"
Online currency trades don't always take place in a safe environment, according to the analysts and managers of some of the brokerage firms that provide foreign exchange services. They advise investors to have a balanced attitude when it comes to personal strategies and to invest in as varied as possible classes of assets.
Some of them consider that the Forex companies present on the market should be authorized by the supervision authority (the Romanian National Securities Commission, which has now been merged into the Financial Supervision Commission), mostly due to the perception of this market and to the unconventional practices which some of these "so-called" brokers use.
The Forex market exists everywhere, in every corner of the world, and the trades take place continuously, for various purposes, not just for speculation, brokers say.
They emphasize the fact that the competent authorities in the field should initiate a process of informing and educating the public concerning stock market investments and how they can protect themselves against such practices.
* Tadeusz Kuropatwinski, "X Trade Brokers": "There is a multitude of so-called companies that promise safe and quick gains"
The majority of the Romanian public does make the distinction between authorized and unauthorized companies, and this represents a challenge, especially given the low level of financial education in Romania, said Tadeusz Kuropatwinski, general manager of X-T
