Forex Market News
Forex Scam: ASIC cautions against First Forex, FiFx, and FiFx Global
Sep 15 2014 08:00:02 Yassen Vassilev in Market
The Australian regulator informs the public that First Forex, FiFx and FiFx Global (fifx.com) falsely claim that their services are under the regulation of ASIC (Regulation No. 290600).
Forex Scam: FCA warns against LEM Spreads
Sep 12 2014 11:48:07 Yassen Vassilev in Market
The UK regulator has found another company that is better to be avoided. The company called LEM Spreads offers its highly suspicious service at lem-spreads.net and lemspreads.com.
Forex Scam: FCA issued a warning against PlusFN
Sep 11 2014 11:53:17 Yassen Vassilev in Market
The UK regulator warns against an unregulated entity using the names PlusFN Ltd +FN, and Equity Sky Capital Marketing Limited (plusfn.com).
US regulator fines Zulutrade $150k for accepting accounts from Iran, Sudan, and Syria
Sep 10 2014 09:51:22 Yassen Vassilev in Market
Zulutrade, one of the two largest social trading platforms, has settled a case with the US Commodity Futures Trading Commission (CFTC) for accepting clients from countries that are sanctioned financially by the US.
ASIC rescinds Global Derivative Services Ltd license
Sep 09 2014 08:16:29 Yassen Vassilev in Market
The Australian regulator concluded that Global Derivative Services Pty Ltd has failed to comply with a number of its AFS license obligations. As a result the company’s Australian financial services (AFS) license is cancelled.
Forex Scam: FCA warns against BAM Forex a clone of BAM Capital Ltd
Sep 08 2014 09:23:21 Yassen Vassilev in Market
The UK regulator issues a warning against BAM Forex (bamcapitalltd.co and bamforex.co) which is using the credentials of BAM Capital Ltd (bam-capital.co.uk) to mislead people it is a regulated and safe company.
Another day, another fraud scheme revealed by a regulator.
Forex Scam: Ontario Securities Commission warns against Forex Barter Inc.
Sep 04 2014 11:42:41 Yassen Vassilev in Market
One of the Canadian regulators, those of the province of Ontario, is warning that Forex Barter Inc. is not authorized to offer financial services in its jurisdiction.
So, we decided to take a look into Forex Barter's matters since a regulator warning is always to be taken serious.
Forex Scam: Swiss and UK regulators warn against iStock Capital, Trademaker, and a clone of City Equities
Sep 01 2014 09:50:51 Yassen Vassilev in Market
Swiss Financial Market Supervisory Authority issues a warning against iStock Capital (istockcapital.com) and Trademaker (trademaker.com). The UK Financial Conduct Authority on its turn warns against a clone company City Equities Ltd (cityeq.com).
Forex Scam: FCA warns against London Capital Group clones
Aug 28 2014 07:58:47 Yassen Vassilev in Market
Financial conduct authority, the UK regulator, issues a warning against lcga-fx.com, lcga.asia.lid-cn, indo.lcga-fx.com, fxlcg.com.
Another day, another fraud scheme revealed.
Forex Scam: Belgian regulator warns against six forex and binary options brokers
Aug 26 2014 09:19:34 Yassen Vassilev in Market
The Belgian financial regulator warns against six companies offering forex or binary options trading in the country: XP Markets, Tradmaker, Bank Of Market, Time Binary, Aston Markets / Aston Forex / Ebinaires, KD Markets, and Tradaxa.
The corresponding companies' websites are bankofmarket.
New Zealand's regulator deregisters over 100 financial service providers
Aug 21 2014 13:30:31 Yassen Vassilev in Market
The Financial Service Providers Register (FSPR), the New Zealand's regulator continues his efforts to strengthen the country image in the eyes of the financial community by another long list of deregistered FSPs.
New Zealand used to be the heaven for every wannabe banker.
Forex Scam: FCA warns against amt-markets.co.uk
Aug 21 2014 12:13:47 Yassen Vassilev in Market
A Chinese forex scam company is a clone of the FCA registered Amalgamated Metal Trading Limited the regulator warns.
Every well respected fraudster wants to be FCA regulated these days.
Québec regulator warns against brokers offering binary options
Aug 13 2014 11:12:35 Yassen Vassilev in Market
The Autorité des marchés financiers (AMF), the body mandated by the government of Québec to regulate financial institutions, is using the fact the vast majority of the existing forex brokers are not registered with it to warn against the risk involved in binary options trading.