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All news by Jonathan Smith

UK’s FCA adds FXG Trade and Xtraderfx to its warning list

Jul 09 2018 08:09:36 Jonathan Smith in Market

  The UK Financial Conduct Authority (FCA) added two more unregulated companies to its warning list on Friday. These are FXG Trade and Xtraderfx (a trading style of Gpay Limited), which have been providing financial services in the UK without being authorized by the FCA. Read more

New regulations in the crypto sector - form Thailand to the Philippines

Jul 02 2018 16:24:13 Jonathan Smith in Market

As governments around the globe are mulling how to regulate the crypto currency market, bold new legislation in Thailand and the Philippines gives an insight for a potential solution. Read more

ASIC: 80% of Binary Options traders and 72% of CFD traders loose money

Jun 29 2018 14:28:11 Jonathan Smith in Market

The Australian Securities and Investments Commission says  80% of Binary Options traders lose money, while the percent with CFD and forex traders is 72 and 63 respectively. Read more

FCA warns against Crown Finance, CFD Corporate and CT-Trade

Jun 28 2018 13:13:28 Jonathan Smith in Market

The British Financial Conduct Authority (FCA) has issued warnings against Crown Finance and CT-Trade – clones of FCA licensed companies and CFD Corporate, a broker not authorized to operate in the UK. Read more

Crypto miner arrested in China for stealing electricity

Jun 25 2018 13:06:54 Jonathan Smith in Market

Chinese police has arrested a man for allegedly stealing 150 000 kW hours of electricity for bitcoin and ethereum mining.   The police has made the arrest and confiscated more than 200 computers after a local power grid operator reported abnormal electricity usage, Xinhua news agency says. Read more

FCA updates its warning list with forex brokers FTO Capital and EU-Capital

Jun 21 2018 12:17:33 Jonathan Smith in Market

  The UK Financial Conduct Authority (FCA) updated its warning list with two more unregulated forex brokers earlier this week. These are Financial Trading Online (FTO Capital) and EU-Capital, which have been providing financial services in the UK without being authorized by the FCA. Read more

UK's FCA warns about Universe Markets FX

Jun 20 2018 09:42:22 Jonathan Smith in Market

UK's Financial Conduct Authority (FCA) has issued a warning against White Square Trading Limited operating as Universe Markets FX.   The regulator says the broker has been providing financial services and products targeting people in the UK without a license. Read more

Tether might have been used to manipulate Bitcoin price in late 2017

Jun 15 2018 13:39:11 Jonathan Smith in Market

Tether, a cryptocurrency token that is supposedly backed by the US dollar, has been spent on Bitcoins at key instances to support its price, reveals a paper published by a University of Texas professor, cited by Bloomberg. Read more

HFcopy: Hot Forex's copy-trading offer

Jun 14 2018 12:49:55 Jonathan Smith in Brokers

HFcopy, the copy-trading system offered by CySEC-regulated, global broker Hot Forex, is a great tool which allows traders to join forces with each other and squeeze profits from the markets. Read more

FxPro UK turns a £1.48 mln profit in 2017

Jun 12 2018 13:27:04 Jonathan Smith in Brokers

  The UK arm of global forex broker FxPro has turned a profit of £1.48 million in 2017, shows the full accounts report filed with UK’s Companies House on Monday. The figure represents an increase of more than 38% over previous year, when the broker made £1. Read more

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