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Forex Market News

India upholds hostile stance on Bitcoin

Nov 08 2017 15:16:57 Jonathan Smith in Market

S. Ganesh Kumar, a director of the Reserve Bank of India (RBI), the country’s c-bank and main financial regulator, said that the country would not recognize the Bitcoin or any other cryptocurrency as a legal tender. Read more

CONSOB warns of FxIBA, TradersPrime forex brokers, OptionInt binaries broker

Nov 08 2017 13:45:29 Jonathan Smith in Market

Italy’s financial markets and services provider regulator CONSOB has updated its list of forex and binary options brokers who are not licensed to operate in Italy with two new additions. The first one is the forex brokerage FxIBA, owned by IBA Group Ltd. Read more

Forex affiliate portal Investoo buys Bitcoinmag.de crypto site

Nov 07 2017 14:06:52 Jonathan Smith in Market

Investoo Group, a London-based forex affiliate marketing business, has acquired Bitcoinmag.de – leading German cryptocurrency portal, thus expanding its reach into the DACH (Germany, Austria and Swizerland) market, said the company.   The sum of the deal was not disclosed. Read more

Japan mulls cutting OTC forex leverage to 1:10 – media

Nov 06 2017 15:09:31 Jonathan Smith in Market

The Japanese Financial Services Agency, which among other things regulates the activities of the Japanese OTC forex brokerages, is mulling to cut the max leverage offered to retail clients to 1:10, reports the site Finance Magnates, quoting own sources. Read more

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

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