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Forex Market News

ASIC says BocaFX is not authorized forex broker in Australia

Nov 18 2015 11:33:36 Stanimir Zhelev in Market

The Australian Securities and Investments Commission (ASIC) said on Wednesday Boca Global Financial Group (BocaFX), has improperly been stating on its website it is regulated or authorized by ASIC to provide financial services in the country. Read more

New Zealand’s FMA warns against unregulated forex broker FXUM

Nov 18 2015 11:18:59 Stanimir Zhelev in Market

Union Markets Ltd, also known as FXUM, misleadingly claims on its website that it is registered with the Financial Services Providers Register (FSPR), the Financial Markets Authority (FMA), New Zealand’s financial regulatory body, said on Monday. Read more

Japan’s FSA warns against seven unregulated forex, binary options brokers

Nov 17 2015 10:30:21 Stanimir Zhelev in Market

Japan’s Financial Service Agency (FSA) has added seven forex and binary options brokers to its list of entities unauthorized to operate in the country, online media LeapRate reported, citing official data. Read more

CFTC charges NZ forex broker IB Capital for accepting US clients

Nov 17 2015 10:03:36 Stanimir Zhelev in Market

  The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement complaint against New Zealand-registered forex broker IB Capital FX, known under the trade name IB Capital, and two individuals for illegally soliciting and accepting at least $50 million from clients, the Comm... Read more

Japan’s forex, binary options trading volumes plummet in October

Nov 16 2015 16:16:26 Stanimir Zhelev in Market

Both Japanese forex and binary options trading markets registered a drop in trading volume in October 2015, compared to a year earlier.     Japan’s over-the-counter (OTC) retail forex margin trading had a total volume of JPY 4. Read more

Cyprus financial regulator CySEC warns against Noeruscapital.com

Nov 12 2015 15:09:42 Stanimir Zhelev in Market

  The Cyprus Securities and Exchange Commission (CySEC) said today the operator of the website www.noeruscapital.com, is not permitted to provide investment and ancillary services in Cyprus. Read more

Japan’s FSA warns of binary options brokers Trade-bo, Option Ace

Nov 12 2015 14:37:04 Stanimir Zhelev in Market

Japan’s Financial Services Agency (FSA) has included binary options brokers Trade-bo and Option Ace, operating through the websites www.trade-bo.com and www.option-ace.com, respectively, to its Warning List for brokers unlicensed to operate in the country, forex media LeapRate reported. Read more

Investment Trends sees 21,000 new forex traders in Singapore in 2016

Nov 12 2015 13:21:51 Stanimir Zhelev in Market

Retail forex market research company Investment Trends expects 21,000 new investors in Singapore to start trading either forex (FX) or contracts for difference (CFDs) over the next year. The figure represents an increase of 17,000 investors, compared to 2014. Read more

OzForex’ turnover grows 34% in H1 FY 2016

Nov 11 2015 14:52:28 Stanimir Zhelev in Market

Australia-regulated foreign exchange company OzForex posted an annual increase of 34% in turnover to $10 billion in the first half of fiscal year 2016, started 1 April, 2015, on the back of a growth in active clients and processed transactions. Read more

Client funds held at US forex brokers increase 2.8% m/m in September

Nov 11 2015 13:27:09 Stanimir Zhelev in Market

The total amount of retail forex obligations held at brokers active in the US was $568.3 million in September, according to data from the Commodity Futures Trading Commission (CFTC). Read more

Italy’s financial watchdog warns against Byrix, KSFTrade, FxSep and AlgoBanque

Nov 10 2015 11:52:36 Stanimir Zhelev in Market

Italy’s financial regulatory body Commissione Nazionale per le Società e la Borsa (CONSOB) issued a warning on Monday against five forex brokers since it has not authorized them to provide investment services in the country. Read more

Optimal Payments gets renamed Paysafe

Nov 10 2015 09:20:05 Stanimir Zhelev in Market

Optimal Payments, the operator of the Neteller and Skrill payment systems, announced on Monday it has been renamed Paysafe Group. As a result, its web site address has also been changed to www.paysafe.com. However, our research showed that optimalpayments. Read more

Italy’s Consob warns against Investocopy investment network

Oct 26 2015 14:21:30 Stanimir Zhelev in Market

Italy’s financial regulatory body Consob today has issued a warning against Investocopy, a social investment network targeting Italian and French speaking clients.   Opening an account with Investocopy is absolutely free with no credit card or any deposit required. Read more

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