On 1 November 2013 MFX Broker improved funds withdrawal conditions for Liberty Reserve payment system.
Traders of MFX Broker can withdraw funds previously deposited from Liberty reserve according to the following scheme:
- To a bank account: $5000 in total per a month without limitation regarding amount per withdrawal operation;
- To FasaPay payment system: $500 per a day, $5000 in total per a month;
- To Mpay payment system: $500 per a day, $5000 in total per a month.
Aleksandra Kutsenko, the head of MFX Broker financial department:
“Collapse of Liberty reserve caused a lot of trouble and made both traders and brokers fussy. Most companies imposed limitations on funds withdrawal. Nevertheless. Top-management of MFX Broker thinks that clients are not obliged to pay for this market nonsense. Under this circumstances we will do everything that is possible for convenience of clients by persistently improving withdrawal conditions for clients, who previously deposited from Liberty Reserve.
Liberty reserve electronic payment system was founded in 202 in Costa-Rica by Artyr Budovsy-Belanchuk. By the moment of closure Liberty Reserve was the world’s largest anonymous electronic payment system. It’s turnover amounted to billions of USD.
In summer 2012 Liberty reserve started to block accounts of its users without notification. On 29 March 2013 supreme court of Costa-Rica decided to liquidate Liberty reserve S.A.