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Abstract:The forex broker released a crypto wallet to funnel donations to support Ukraine. Justforex said opening new accounts for clients from these countries is no longer allowed.
Justforex, a global forex broker , announced on Tuesday that it had decided to terminate all business relationships with clients from Russia and Belarus. According to a statement published on its website, the company decided on the latest developments concerning the Russian-Ukrainian war crisis.
“Firstly, our company has decided to terminate all relationships with clients from the Russian Federation and Belarus. Opening new accounts for clients from these countries is prohibited. Furthermore, our company decided to make a donation for the needs of the Armed Forces of Ukraine. Ukraine should not be alone in this struggle,” Justforex noted.
Additionally, the firm expressed its point of view about the military actions in Ukraine on what they named a 'real war' and the 'consequences of the military aggression of the Russian federation', followed by accusations made by the firm about the nature of the war.
That said, Justforex published crypto wallets available for donation to support Ukraine and provide humanitarian assistance in the country. Also, it released a series of remittance data for people who want to send funds in several currencies to provide support, asking to “stop the war in Ukraine.”
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The foreign exchange market, commonly known as forex, stands as the world's largest financial arena, boasting daily trading volumes in the trillions of dollars. For those eager to capitalize on currency fluctuations, entering this dynamic yet intricate market necessitates the guidance of a skilled intermediary: the forex broker.