CySEC urges forex brokers to limit the leverage for Polish clients to 100:1
Jun 22 2015 11:32:44 Stanimir Zhelev in Market
Poland’s financial regulator limited forex trading leverage to 100:1 last year after KNF reviewed traders' performance of forex trading during 2013 and found out that 81% of forex traders in Poland realized losses in their accounts. Below is CySEC's official announcement.
Forex Scam: New Zealand FMA warns against FX-Trend.com
May 06 2015 12:58:30 Stanimir Zhelev in Market
The Financial Markets Authority (FMA) warns the public against doing business with or through Forex Trend Limited (Forex Trend) and its website fx-trend.com.
Forex Scam: FCA UK warns of FXGL Capital Group
Jan 09 2015 15:40:25 Stanimir Zhelev in Market
The UK Financial Conduct Authority (FCA) advises traders to stay away from FXGL Capital Group Ltd (fxglcapital.com) because the broker is not regulated by them but is offering services to UK citizens.
CFH Group acquires 50% of forex trading school Tradimo
Dec 10 2014 00:03:34 Stanimir Zhelev in Market
CFH Group has acquired a 50% stake in Tradimo Interactive, which owns the hugely successful online trading school, tradimo.com and the newly launched educational gaming company, Tradimo Play.
FXTM launches FT Global - a Belize regulated forex broker
Dec 04 2014 18:21:56 Stanimir Zhelev in Market
FT Global Ltd, is regulated by the International Financial Services Commission (IFSC) of Belize and aims to provide non-EU traders with faster and easier access to FXTM's forex trading services.
CFXEXPO: The first B2B forex expo in China
Dec 04 2014 18:08:43 Stanimir Zhelev in Market
CFXEXPO, the first domestic B2B exposition on forex investment in China will be held in Shanghai Hongqiao Guesthouse on April 24 to 25, 2015. This is not only an unprecedented professional forex investment exposition, it is also the most professional high-end forex industry forum.
CFTC prohibits US forex brokers from accepting credit card deposits
Dec 02 2014 17:07:24 Stanimir Zhelev in Market
As of January 31, 2015, US forex brokers will no longer be able to accept credit card payments. Online money transfer systems like Paypal will be also prohibited as account funding method.
CySec suspends the license of binary options broker EZTrader
Nov 21 2014 11:00:04 Stanimir Zhelev in Market
The Cyprus Securities and Exchange Commission (CySec) has suspended the license of EZTrader, one of the few regulated binary option brokers.
CySEC and FSC Mauritius alert against LiveFX - dionlivefx.com
Oct 27 2014 16:43:15 Stanimir Zhelev in Market
Technically speaking LiveFX doesn't claim to be regulated neither by CySEC nor by FSC Mauritius. However the license published on company's website includes the FSC logo and an address in Republic of Cyrus (not Cyprus).
Malta increases the minimum capital requirement for forex license
Oct 22 2014 23:53:25 Stanimir Zhelev in Market
MFSA regulated STP brokers holding Category 2 licence will be subject to a higher minimum initial capital requirement of €730,000, similar to the initial capital requirement for market-makers acting as counterparty to clients.
FXPA: A new association addresing forex market regulation
Sep 26 2014 12:17:06 Stanimir Zhelev in Market
FXPA’s aim is to provide strong advocacy for the FX industry, engaging key financial regulators and policymakers.
Today marks the launch of the Foreign Exchange Professionals Association (FXPA), a new trade body uniquely comprised of a cross-section of FX industry participants.
Forex Scam: France’s financial regulator AMF warns about 166 unregulated brokers
Sep 24 2014 15:23:19 Stanimir Zhelev in Market
French financial regulator AMF has warned the investors against 166 unregulated forex and binary option brokers, operating in the country without proper authorization.
Myfxbook advertises forex contest sponsored by the controversial ForexBrokerInc
Sep 15 2014 11:35:41 Yassen Vassilev in Market
Myfxbook, the reputable social trading platform, is running a contest with a controversial and unregulated forex broker, ForexBrokerInc, against which the Malta Financial Service Authority has warned the public.