FXdirekt Bank

FXdirekt Bank was an independent securities trading bank that had around 100 employees at its peak. On 21 December 2012, it began to liquidate customer accounts and return customer assets, pursuant to the order of the German financial regulator, BaFin. The company headquarters were located in Oberhausen, Germany. FXdirekt Bank was a member of the EdW (Entschädigungseinrichtung der Wertpapierhandelsunternehmen), which was an organisation created to secure investor claims and was also registered as a commercial bank with BaFin.
Company history
The first German-language online trading platform FXdirekt was introduced onto the market in 2001 by the company ibas AG, which was closely associated with the FXdirekt Bank. The FXdirekt Bank was founded in 2004.