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All news by Jonathan Smith

Gain Capital paid $7 mln for FXCM's US clients

Aug 09 2017 10:24:04 Jonathan Smith in Brokers

Gain Capital, owner of the leading US forex broker, has paid $7 million for the clients of the now defunct US branch of Global Brokerage (FXCM), shows a regulatory filing with SEC. In Q1 2017 Gain Capital paid FXCM $5.1 million and the remainder was paid in the second quarter. Read more

Swissquote Bank boasts record results

Aug 09 2017 09:24:58 Jonathan Smith in Brokers

 Swissquote Bank, the parent of the forex broker Swissquote, reported its H1 2017 results and said it “breaks all records”.   The operating revenues rose 16.5% to CHF 90.5 million ($93.9 million), while the net profit rose 60.8% to CHF 17.9 million. Read more

IronFX gets $100 mln from a Middle Eastern family office

Aug 09 2017 08:00:52 Jonathan Smith in Brokers

 The forex broker IronFX announced it concluded an agreement for a strategic investment of $100 million from “a prominent MENA region family office investor”.   The sum will be transferred in tranches and will be used to fund the broker's growth capital needs. Read more

Recovery room scams – the ugly spawn of binary options fraud

Aug 08 2017 13:38:33 Jonathan Smith in Market

 It is no secret that more often than not the binary options brokers, particularly the unregulated ones, are a scam and exist with the sole purpose of defrauding thousands of unsuspecting clients out of millions. Read more

Atlas EA Review - Is it scam or good forex system?

Aug 08 2017 12:45:14 Jonathan Smith in Ea

A lot of the Expert Advisors currently available on the market are dangerous grid, martingale or hedging systems. We would like to present you a different system, the Atlas EA. Read more

Israel top cop admits organized crime behind binary options, Knesset to pass bill next week

Aug 08 2017 07:54:57 Jonathan Smith in Market

 Israeli crime syndicates have been profiting from the binary options scams, Gabi Biton, a police Superintendent investigating financial fraud and money laundering told a Knesset panel, quoted by The Times of Israel. Read more

Switzerland's FINMA warns of

Aug 07 2017 12:48:59 Jonathan Smith in Market

 Switzerland's financial markets and services providers regulator FINMA has issued a warning against Animax United LP, which operates the site Read more

FX Secret EA Review - Is it scam or good forex system?

Aug 07 2017 11:04:10 Jonathan Smith in Ea

The FX Secret EA is an interesting opportunity, given the fact it is contains several systems in one. The company behind it has several years of experience with automated systems and is offering a packaged version of some of their popular products. Read more

NordFX launches two-level affiliate program

Aug 07 2017 10:22:24 Jonathan Smith in Brokers

 NordFX, an offshore forex broker that also has a Cyprus license, announced it is launching a two-level affiliate program for its partners, starting from August 8, 2017. Read more

Hong Kong's SFC warns of forex broker PoloInvest

Aug 07 2017 09:16:45 Jonathan Smith in Market

 Hong Kong's Securities and Futures Commission (SFC) has warned against the forex broker PoloInvest. According to the regulator's notice, the broker gives an address in Hong Kong, but in reality is not located there. Read more

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