Forex Market News
Binary Options Broker GFTrades Disappears after Regulatory Warning
Apr 17 2014 11:46:44 Maria Nikolova in Market
The website of binary options broker GFTrades has stopped functioning after Swedish financial regulator Finansinspektionen issued a warning regarding the company and its affiliates.
Director of Australian Bankrupt CFD Broker Sonray Goes to Jail
Apr 17 2014 06:01:36 Maria Nikolova in Market
An Australian court today issued a prison sentence to Russell Andrew Johnson, director of Sonray Capital Markets Pty Ltd (Sonray), an Australian broker that went bankrupt in 2010 in a major $46.7 million collapse.
Mt Gox Bitcoin Exchange Goes under Administration, Payments Frozen
Apr 16 2014 10:24:12 Maria Nikolova in Market
Fans of virtual currencies suffered a heavy blow today, as Tokyo-based Mt. Gox, the leading Bitcoin exchange, officially announced that it had went under provisional administration.
Moscow Exchange Introduces New Volatility Index
Apr 15 2014 13:48:24 Maria Nikolova in Market
Lately, whenever the talk is about on-exchange or over-the-counter trading in Russia, one key word pops up: “Volatility”.
Belgium's Regulator Cautions about Broker BFXOption
Apr 15 2014 07:59:49 Maria Nikolova in Market
It has been nearly a month since Belgium's Financial Services and Markets Authority (FSMA) has not issued a warning against a binary options broker but the watchdog has just broken the silence with an alert against BFXOption.
Russia Cuts Capital Requirements for Forex Brokers
Apr 13 2014 18:44:53 Maria Nikolova in Market
Over the past six months or so, we have grown accustomed to hearing gloomy news about the upcoming Forex regulation in Russia – the second reading of the Forex bill was postponed a number of times, while senior officials like Sergey Shvetsov have been racing to pledge restrictions.
Broker Magline Investments Pulls Back its Cypriot License
Apr 11 2014 10:26:05 Maria Nikolova in Market
Cyprus is an island that keeps a tight lid on binary options trading, with the Cyprus Securities and Exchange Commission (CySEC) famous for its strict measures against unregulated brokers active in this sector.
Maltese Regulator Warns Against FX Direct Dealer, Sky Forex
Apr 09 2014 06:47:15 Maria Nikolova in Market
The Malta Financial Services Authority (MFSA) on Tuesday issued a warning against two Forex brokers – FX Direct Dealer and Sky Forex.
Canadian Watchdog Issues Alert about Risks of Virtual Currencies
Apr 08 2014 10:03:50 Maria Nikolova in Market
One of the most active and rigid financial regulators – the Ontario Securities Commission (OSC), has issued an alert about the real risks of virtual currencies, adding to the growing chorus of warnings against Bitcoin and its alternatives.
CFTC Slaps $275,000 Penalty on CMS Forex over Capitalization Flaws
Apr 08 2014 06:10:20 Maria Nikolova in Market
The United States Commodity Futures Trading Commission (CFTC) on Monday imposed a $275,000 penalty on Forex broker Capital Market Services, LLC (CMS) over failures to meet requirements for the capitalization of Futures Commission Merchants (FCM), Retail Foreign Exchange Dealers (RFED) and FDMs.
Forex Newbie 24FX Gets Its First Regulatory Warning
Apr 07 2014 06:44:19 Maria Nikolova in Market
It was less than two weeks ago that we reported about 24FX – a new Forex broker, having emerged in Cyprus.
MF Global Ordered to Repay $1.2B to Customers
Apr 04 2014 10:30:00 Maria Nikolova in Market
In case you are interested in the history of financial firms' bankruptcies, you could not have missed the story of MF Global, the US-based futures commission merchant (FCM) which went insolvent in October 2011, leaving all of its customers with substantial losses.
Ukrainian Forex is Still Alive: IronFX Joins UCRFIN
Apr 02 2014 10:43:38 Maria Nikolova in Market
Given the complicated situation in Ukraine, many of us must have slapped a label “out of order” on this spot on the map: but the Forex industry in the country appears to be alive and kicking, or at least this is what the activity of local Forex brokers shows.