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CMS is a scam, all their phones are dead

Stay away from them. First you lose money by converting your currency into Euro. and pay same amount when you withdraw, lucky if you get anything back.
do not let them access your comouter. they could steal all your data. stay away from them. they also have higher bid/ spread. all their phones are dead.
thanks to reviews here, i got out in time.

Neil Sinclair 2017-08-31
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Latest Forex News

Estonian FX broker Tallinex ordered to pay back $10 mln. to US citizens

Jul 20 2018 13:58:09, Jonathan Smith in Brokers

A US Court has ordered  Tallinex Ltd., an Estonian company, licensed  in St. Vincent and the Grenadines to pay 10,289,391 USD in restitution to U.S. Customers, as well as a  681,888 USD civil penalty, the U.S. Commodity Futures Trading Commission (CFTC) says.    The U.S. District Court for the District of Utah also ruled against General Trader Fulfillment (GTF), a Nevada company operating in Utah, that introduced U.S. customers to Tallinex. GTF will have to pay a 85,000 USD civil penalty. Read more

UK’s FCA warns against 2dots Limited and 8infx

Jul 18 2018 16:04:53, Jonathan Smith in Market

The British Financial Conduct Authority (FCA) has issued warnings against 2dots Limited and 8infx, which do not have a license to operate in the UK.    2dots Limited offers slightly misleading information about the legal entity behind it. It is originally incorporated in Bulgaria, while apparently being located in Estonia. In the same time 8Infx is owned by 2dots Limited and is registered in Vanuatu. Furthermore, the Italian financial regulator, CONSOB, has also issued a warning against 8Infx.   “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us”, reminds FCA. Read more

First bank-backed crypto exchange opens doors in Japan

Jul 17 2018 16:32:16, Jonathan Smith in Market

Japanese financial conglomerate SBI Holdings has officially launched a crypto currency exchange under the trade name ‘VCTRADE’, becoming the first baking institution in the world to enter the crypto market, CNN reports.    In June SBI tested the market with a preliminary launch of the exchange with some 20,000 pre-registered users. Now VCTRADE, which is operated by SBI Virtual Currencies, wholly owned subsidiary of SBI Holdings, accepts applications for new accounts form Japanese residents, who are at least  20 years old, but not older than 70.    Currently VCTRADE is accepting applications form retail traders only. Read more

HotForex launched VIP Affiliates Rewards Contest

Jul 13 2018 13:09:56, Jonathan Smith in Brokers

  CySEC-regulated, global broker Hot Forex has come up with an attractive offer for its affiliates: the VIP Affiliates Rewards Contest. On top of the commissions affiliates get, they are now able to achieve some great extra rewards, such as a free trip to Cyprus for two, Rolex watches, iPhones and more.   Hard work pays off for the affiliates of HotForex. The promotion runs from 2 July 2018 to January 31, 2019, and the deposits and trades of both existing and new clients introduced by the affiliates are taken into account. Registration in the promotion is done in the myHotForex account area, and more specifically, in the VIP Affiliates Reward tab. Read more

Former Gain Capital executive Alexis (Lex) Webster joins FXTM as CCO

Jul 10 2018 12:16:12, Jonathan Smith in Brokers

  Former Gain Capital executive Alexis (Lex) Webster joined global award-winning forex broker FXTM as Chief Commercial Officer previous week. He has 18 years of experience in the financial services industry, including as a Senior Vice President, Strategy & Execution at Forex.com retail brand of Gain Capital Holdings Inc (NYSE:GCAP), City Index and LMAX.     As CCO, Mr. Webster will be responsible for overseeing various activities within the company, including those of the Sales, Marketing, Market Research and Partnership Support departments. Read more

UK’s FCA adds FXG Trade and Xtraderfx to its warning list

Jul 09 2018 08:09:36, Jonathan Smith in Market

  The UK Financial Conduct Authority (FCA) added two more unregulated companies to its warning list on Friday. These are FXG Trade and Xtraderfx (a trading style of Gpay Limited), which have been providing financial services in the UK without being authorized by the FCA.   XtraderFX is a CFD broker, focused on the crypto currency market, which on first glance can even be mistaken for a crypto exchange. The broker is operated by GPAY Ltd., and claims to be registered in the UK. Read more

New regulations in the crypto sector - form Thailand to the Philippines

Jul 02 2018 16:24:13, Jonathan Smith in Market

As governments around the globe are mulling how to regulate the crypto currency market, bold new legislation in Thailand and the Philippines gives an insight for a potential solution.   With an emergency decree, that came into force earlier this year, the Thai government bypassed a long standing debate about what asset category digital currencies should fall into.   Instead, the Thai government just adopted the Digital Assets Business Decree, which simply defines and regulates both crypto currencies (with which you can buy goods and services) and digital tokens, which give you rights to participate in an investment. Read more

ASIC: 80% of Binary Options traders and 72% of CFD traders loose money

Jun 29 2018 14:28:11, Jonathan Smith in Market

The Australian Securities and Investments Commission says  80% of Binary Options traders lose money, while the percent with CFD and forex traders is 72 and 63 respectively.   The findings are published in June in a paper titled “Improving Practices in the Retail OTC Derivatives Sector” and come as a warning to all forex, CFD and Binary options brokers in the country.   “The integrity of the retail OTC derivatives sector is a key focus for ASIC. Read more

FCA warns against Crown Finance, CFD Corporate and CT-Trade

Jun 28 2018 13:13:28, Jonathan Smith in Market

The British Financial Conduct Authority (FCA) has issued warnings against Crown Finance and CT-Trade – clones of FCA licensed companies and CFD Corporate, a broker not authorized to operate in the UK.   "Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm”, warns the regulator.    Crown Finance and CT-Trade have been targeting UK citizens, claiming to be authorised by FCA, while actually they are not. Both companies have been using the name, ‘firm registration number’ (FRN) and address of companies authorised by FCA to suggest they are genuine. Read more

The Long Swim and FXTM’s campaign to save our seas

Jun 27 2018 12:44:02, Stanimir Zhelev in Brokers

The future’s blue   What will the world look like in 2050? No doubt technological advances will have fundamentally changed many aspects of our lives. Artificial Intelligence is set to take the wheel, with driverless cars becoming the norm. 3D printing may have dramatically slashed the cost of building housing, with whole streets going up in just a matter of days. Physical communities may become a thing of the past anyway, as sophisticated nanotechnology allows people to plug into fully-realised, simulated worlds.   That’s on land, but what will be happening in the waters that make up 70% of the earth? The outlook is bleak. Read more

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