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Forex Market News

CONSOB warns of 10brokers, Gallant Finance, CMB, Lockwood, FXTrade777 forex brokers

Nov 03 2017 15:10:34 Jonathan Smith in Market

 Italy’s financial markets and services providers regulator CONSOB has issued a warning against five forex brokerages: 10brokers, Gallant Finance, Capital Markets Banc, Lockwood and FXTrade777. Read more

India to crack down on local bitcoin exchanges

Nov 03 2017 09:49:39 Jonathan Smith in Market

The Indian government is considering the closure of the local cryptocurrency exchanges in an attempt to curb money laundering, reports the Indian news outlet The Economic Times. Read more

Switzerland’s FINMA warns of forex brokers ECN Capital, Swiss Magnates

Oct 31 2017 13:46:46 Jonathan Smith in Market

 The financial markets and services providers regulator of Switzerland – FINMA – has warned of two unregulated forex brokers – ECN Capital and Swiss Magnates. Read more

New Zealand’s FMA: ICOs, cryptocurrency exchanges must be regulated

Oct 27 2017 14:13:24 Jonathan Smith in Market

 New Zealand’s financial markets and services regulator, the Financial Markets Authority (FMA), has come out with a formal commentary on the hot topic of cryptocurrencies and Initial Coin Offerings (ICOs), noting that they are risky and must be regulated. Read more

Trade.io ICO: bridging the gap between crypto and finance?

Oct 26 2017 15:49:21 Jonathan Smith in Market

Trade.io is a new project, which attempts to make an impact on the financial services industry. If successful this will be a broker, providing multiple traditional and crypto-based assets for trading, as well as services, which were typically reserved for the investment banking industry. Read more

US retail forex market continues to shrink after FXCM’s exit – survey

Oct 26 2017 13:19:08 Jonathan Smith in Market

The US retail forex market, one of the largest in the world in volume, continues to shrink, shows the latest survey of the Investment Trends consultancy, conducted among 8000 US traders. Read more

Number of complaints against forex platforms in New Zealand drops

Oct 25 2017 09:08:50 Jonathan Smith in Market

The number of complaints against forex trading platforms, i.e. forex brokers, has dropped in 2016-2017, shows the annual report of the New Zealand’s Financial Dispute Resolution Service (FDRS). Read more

Israeli parliament bans binary options industry

Oct 24 2017 10:13:41 Jonathan Smith in Market

Israel's parliament, the Knesset has finally passed the law banning the binary options industry, reports The Times of Israel. By a vote of 53-0, the 120-member legislature forbade the industry to operate from within the country and offer its products abroad. Read more

South Africa’s FSB blacklists binary options broker Stockpair

Oct 23 2017 08:18:28 Jonathan Smith in Market

South Africa’s financial services provider and markets regulator, the Financial Services Board (FSB) has issued a warning against the binary options broker Stockpair. According to FSB, the broker is operating the site Stockpair. Read more

CySEC slams Interactive Options managers with €200 000 fine

Oct 20 2017 09:39:22 Jonathan Smith in Market

 The Cyprus Securities and Exchange Commission (CySEC) has announced several board decisions penalizing some of the former senior managers of the Pegase Capital company that operated the binary options brokerage Interactive Options. Read more

London police raids binary options brokers, as client losses mount

Oct 20 2017 08:30:19 Jonathan Smith in Market

 The City of London Police, along with representatives of the Financial Conduct Authority and the HM Revenue & Customs (HMRC) have “visited” the offices of 20 binary options brokerages in the City this Tuesday, the police said. Read more

UK’s FCA warns RTC Finance is a clone

Oct 17 2017 14:19:30 Jonathan Smith in Market

UK’s Financial Conduct Authority (FCA) has issued a warning that the forex and CFD brokerage RTC Finance is a clone of the EEA-authorized binary options and CFD brokerage Spot Capital Markets.   According to the UK regulator, RTC Finance, a.k.a Icon markets, a.k. Read more

Austria's FMA warns of Cryp Trade cryptocurrency trading bot

Oct 16 2017 09:08:15 Jonathan Smith in Market

 Austria’s financial markets and services regulator FMA has warned that the cryptocurrency trading robot Cryp Trade is not licensed to carry out banking operations in the country. In essence this means the company cannot operate in Austria. Read more

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