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Failed forex provider blames virus

Administrators called in as parent files for bankruptcy.

Tim Hunter Tue, 31 Mar 2020

Foreign exchange dealer EncoreFX has called in administrators from accountancy firm EY, citing payment defaults caused by the Covid-19 crisis.

The Auckland-based company, a subsidiary of a Canadian company of the same name, was a licensed derivatives issuer and had net equity of $2 million as of

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Tim Hunter Tue, 31 Mar 2020
Contact the Writer: thunter@nbr.co.nz
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Failed forex provider blames virus
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