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Latest Forex News

FxPro becomes a sponsor of Formula 1 racing team McLaren

May 25 2018 11:48:28, Jonathan Smith in Brokers

  Major forex broker FxPro announced yet another sponsorship agreement on Thursday. The brokerage signed a multi-year partnership agreement with McLaren, one of the oldest Formula 1 teams. The deal is already in effect, as the F1 team, including Fernando Alonso, started racing in the Monaco Grand Prix, displaying FxPro’s logo on the racing cars. “We are proud to be entering this multi-year partnership with McLaren, a team with an illustrious history and exciting future,” commented FxPro CEO, Charalambos Psimolophitis. - “We always look for partners that share our passion for excellence and success, and McLaren embodies those values perfectly,” he added. Read more

FCA warns against binary options brokers Rbinary, BigOption and VIP Brokers

May 22 2018 12:23:36, Jonathan Smith in Market

  The Financial Conduct Authority (FCA) has added several unregulated binary options brokers to its warning list on Monday. According to the UK’s financial watchdog, Rbinary, BigOption and VIP Brokers have been providing financial services or products in the UK without its authorisation.   Furthermore, the FCA warned that some firms who provide financial services in the country illegally and target people in the UK knowingly run investment scams.   Here are some details on the three above mentioned brokers: - Rbinary offers trading in binary options, as well as social trading with returns up to 81%. Read more

Canadian OSC warns against BTC Real, Bit Serial and several more cyptocurrency investment firms

May 21 2018 14:12:48, Jonathan Smith in Market

The Ontario Securities Commission (OSC) has warned residents of BTCReal, BitSerial, Hypercube Ventures LP, CabinCoin OÜ, and BaapPay Inc. These companies target Canadian investors and are all supposedly connected to cryptocurrencies. The warning comes as they are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.    Below we will provide the OCO comments on each company, as well as our impressions after browsing their websites for a few minutes.   BTCReal manages the website btcreal.biz, where it claims to provide full investment services for cryptocurrency-related investments and forex. Read more

FCA adds Revolution Variable Systems (RVS) to its warning list

May 17 2018 12:48:14, Jonathan Smith in Market

  UK’s Financial Conduct Authority (FCA) warned that Revolution Variable Systems (RVS) has been providing financial services in the country without being authorized. “This firm is not authorised by us and is targeting people in the UK,” the FCA said in its notice.    Although RVS does not claim to be regulated, it is clear from the broker’s domain name (www.marketsystems.co.uk) that it is trying to mislead investors into thinking that its offering is legitimate. Otherwise, its website is not very informative. The name of the company operating the brand is not mentioned, nor are specified any trading conditions. Read more

Canadian watchdog OSC issues a warning against Meta Investing

May 17 2018 12:23:38, Jonathan Smith in Market

The Ontario Securities Commission (OSC) warned the public against another company – MetaInvesting. Canada’s multiple regional regulators are actively informing residents of the risks involved with unregulated entities. The official OSC statement reads:     “Metainvesting, also operating as Meta Investing, and doing business as www.metainvesting.com is not registered in Ontario to engage in the business of trading in securities.”   We have a bit of experience with this company, as we have reviewed them. Needless to say, we weren’t impressed. Read more

CySEC limits the leverage for cryptocurrency CFDs to 1:2

May 16 2018 09:42:03, Jonathan Smith in Market

The Cyprus Securities and Exchange Commission (CySEC) issued new guidelines regarding the cryptocurrency products offered by the plethora of brokers overseen by them. The country is a popular choice of those who are looking to do business in the European Union, as being regulate there grants you access to clients in all member states. The document begins by reiterating the key principle established by European Securities and Markets Authority (ESMA) – “while cryptocurrencies themselves aren’t seen as financial instruments, derivatives, such as CFDs, based on them are”. Read more

FCA warns against binary options brokers Stratx Markets and OptionStarsGlobal

May 15 2018 14:14:33, Jonathan Smith in Market

The UK financial watchdog, FCA, added two binary options brokers to its warning list: Stratx Markets and OptionStarsGlobal. According to the regulator, they have been providing financial services or products in the UK without FCA’s authorisation, which is required by law.   The Financial Conduct Authority (FCA) advises UK traders to be “especially wary” of dealing with companies not regulated in the country, as some of them "knowingly run investment scams".   OptionStarsGlobal operates from the www.optionstarsglobal.com website and does not disclose the name of the company behind it. Read more

UK’s FCA warns against Coperstone

May 14 2018 12:47:20, Jonathan Smith in Market

The regulatory agency responsible for financial services in the UK, the Financial Conduct Authority (FCA) has recently added another company to its ever-growing list of warnings. This time, the firm in question is Coperstone, which is incorporated on the Island, but isn’t affiliated with the local watchdog.    The Authority states: “We believe this firm has been providing financial services or products in the UK without our authorisation. Find out why to be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers. Read more

FCA added Royal Capital Pro to its warning list

May 11 2018 14:34:41, Jonathan Smith in Market

  UK's Financial Conduct Authority added yet another forex broker to its warning list on Wednesday. According to the regulator, Royal Capital Pro has been providing financial services in the UK without their authorisation. The FCA advises traders to be "especially wary of dealing with this unauthorised firm" and notes that some companies who provide financial services in the UK without their authorisation knowingly run investment scams. This might be the case with Royal Capital Pro, considering the fact that all comments on the broker review published on our website are negative. Royal Capital Pro offers trading in forex and CFDs on the MetaTrtader 4 platform. Read more

FCA alerts investors of Plus500 clone firm

May 10 2018 15:06:58, Jonathan Smith in Market

  The UK Financial Conduct Authority (FCA) has warned on Tuesday that Plus 500 Pro is a clone of the renown forex brokerage Plus500, which holds a license from FCA, among others. According to FCA, Plus 500 Pro is not authorized to carry out regulated financial services in the UK.   Clone firms use some or all of the details of a genuine entity, aiming to convince investors they are indeed the authorized company or that they work with them.   On its website (plus500pro.com) the clone offers trade in forex, options and various CFDs, including cryptocurrencies. However, there is no specific information on account types, minimum initial deposit, leverage, spreads, etc. Read more

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