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Forex Market News

Ban on offering binary options abroad to be tabled in Israel's parliament

Jun 15 2017 14:08:38 Jonathan Smith in Market

 The Israeli parliament – the Knesset – is due to discuss the eventual ban on offering binary options to clients abroad and accepting foreign clients by Israeli companies, local media report. Read more

Binary options apps no longer permitted by Apple

Jun 09 2017 13:10:08 Jonathan Smith in Market

Technological giant Apple announced on Thursday it bans binary options mobile apps from the iTunes app store. According to section 3.2.2 of Apple’s guidelines, “Apps that facilitate binary options trading are not permitted on the App Store. Consider a web app instead. Read more

IG, XM, Plus500, ActivTrades, Admiral Markets lower leverage ahead of UK general election

Jun 06 2017 13:09:57 Jonathan Smith in Market

As the date for the General Elections in the UK approaches, several major European forex brokers have announced they are taking precautionary measures against the expected high market volatility. Read more

CFTC files a suit against forex broker Tallinex for accepting US clients

Jun 02 2017 12:11:32 Jonathan Smith in Market

The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against offshore forex brokerage Tallinex for illegally soliciting and accepting at least $1.5 million from US clients. Read more

Australia's ASIC cancels the forex broker license of GallopFX

May 29 2017 11:26:05 Jonathan Smith in Market

The Australian Securities Investment Commission (ASIC) announced on Monday it has cancelled the Australian financial service (AFS) license of retail forex broker GallopFX, as of May 24th. Read more

CySEC considers banning binary options altogether

May 25 2017 14:30:53 Jonathan Smith in Market

The Cyprus Securities and Exchange Commission (CySEC) considers banning binary options trading altogether, reported Finance Magnets. The online media cited CySEC Head, Demetra Kalogerou, who delivers a speech at the iFX Expo International 2017 on Thursday. Read more

Online investment scams in Australia mark a 130% increase YoY

May 15 2017 13:26:28 Jonathan Smith in Market

The report of the Australian Competition and Consumer Commission (ACCC) for 2016 revealed that Investment scheme scams caused the greatest losses to Australians, after romance and dating frauds. Read more

AFCA: The new EDR for all Australian forex brokers

May 12 2017 13:53:17 Jonathan Smith in Market

The federal executive government of Australia announced it will introduce a comprehensive package of measures to strengthen the accountability and competition in the country’s financial system. Read more

FCA updates its warning list with ExxonFX

May 10 2017 09:48:44 Jonathan Smith in Market

 The UK Financial Conduct Authority (FCA) warned forex broker ExxonFX has been providing financial services in the country without being authorized. The broker is owned and operated by Revolution Markets LP and claims to be based in the UK. Read more

Germany requires forex brokers to introduce negative balance protection, IG Group & CMC Markets react

May 09 2017 12:14:49 Jonathan Smith in Market

The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, a.k.a. BaFin) announced on Monday it introduces certain restrictions to CFD trading in order to safeguard the interests of retail clients. Read more

FBI: Losses from binary options fraud run into the millions

Mar 14 2017 13:02:11 Jonathan Smith in Market

 It seems that the regulators and law enforcement agencies across the world are finally becoming aware of the risks of trading in binary options. Read more

Singapore's regulator warns of dangers of unregulated binary options brokers

Mar 14 2017 11:56:36 Jonathan Smith in Market

Singapore's financial services regulator, the Monetary Authority of Singapore (MAS) has published an advisory warning the investors of the dangers of trading with unregulated binary options brokers and platforms. Read more

Ireland proposes restrictive measures for forex and CFD trading

Mar 06 2017 10:44:05 Jonathan Smith in Market

After the Financial Conduct Authority capped leverage to 1;50 and banned trading bonuses in the UK, it is hardly a surprise that the Irish financial watchdog follows suit. Read more

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