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Retail FX

Interoperability - The Road to Financial Convergence

  • Interoperability is becoming ever more vital in a more connected world.
  • The concept refers to the successful coming together of a wide range of different systems.
  • Both blockchain and non-blockchain systems will have an important role to play.
Monday, 20/11/2023 | 11:36 GMT by Ashley Pope
Retail FX

CySEC Orders RoboMarkets to Stop Giving “Branded Merchandise” to Clients

  • The Cypriot watchdog said the practice contradicts MiFIR rules and ESMA's directive.
  • The regulator recently disclosed plans to conduct on-site visits on a sample of CIFs.
Wednesday, 23/08/2023 | 12:54 GMT by Solomon Oladipupo
Retail FX

XTB Takes Spain’s Tougher CFD Marketing Rules in Stride

  • CNMV introduced extra rules as 75% of Spanish retail investors lose CFD investments.
  • XTB will not 'significantly' change its marketing strategy for the Spanish market.
Monday, 21/08/2023 | 19:05 GMT by Solomon Oladipupo
Retail FX

FinCom Discontinues BalansFX Membership over Compliance Failure

  • BalansFX became an approved member of FinCom in July 2020.
  • Meanwhile, FinCom warned against TresorFX, a platform recently flagged by the FCA.
Wednesday, 31/05/2023 | 13:34 GMT by Solomon Oladipupo
Retail FX

FCA Finds “Gaps in Surveillance” among UK CFDs Providers

  • The FCA found weak surveillance of market manipulation and abuse of non-equity asset classes.
  • However, most of the regulator's findings 'were largely positive'.
Wednesday, 26/04/2023 | 16:41 GMT by Solomon Oladipupo
Retail FX

Spanish Regulator Flags ‘Pepper Stone’, ‘PRIMUS FX’, 7 Other Websites

  • The websites are clones of Pepperstone and FXPrimus.
  • CySEC also flagged down eight illegal FX/CFDs platforms on Monday.
Monday, 24/04/2023 | 20:01 GMT by Solomon Oladipupo
Retail FX

CFTC Sues 14 Retail FX Dealers for False Registration Claims

  • The platforms claim to be based in the US, UK and Sweden, the CFTC said.
  • Some of the dealers include Cross Trade FX, Volfxtrade, TFX Trading and Bit Trading.
Friday, 21/04/2023 | 20:50 GMT by Solomon Oladipupo
Retail FX

Germany’s BaFin Says Online Broker MainTrade Not Authorized

  • BaFin said it reached the decision based on information on the broker's website.
  • The German regulator issued warnings against a number of firms in 2022.
Friday, 13/01/2023 | 13:06 GMT by Solomon Oladipupo
Institutional FX

FINRA Fines Justly Markets (Formerly DBOT) $100K for Missing Records of 95M Orders

  • Justly Markets operated as DBOT during the period of the alleged violation.
  • The ATS firm's former third-party vendor deleted the records.
Thursday, 29/12/2022 | 21:28 GMT by Solomon Oladipupo
Retail FX

CySEC Reaches New €100k Settlement with BCM Begin Capital Markets

  • BCM Begin paid a €170k settlement to CySEC over six months ago.
  • Both settlements are for possible violations of the same rules.
Friday, 16/12/2022 | 16:40 GMT by Solomon Oladipupo
FinTech

UK FCA Rejects 20% of Firms Applying for Authorization

  • The regulator recently halted the operations of 16 CFD operators
Friday, 28/10/2022 | 15:07 GMT by Solomon Oladipupo
Retail FX

ASIC Secures $229.9 Million in Civil Penalties in FY 2021/2022

  • The regulator has secured convictions against 33 individuals.
  • ASIC introduced breach reporting, hawking prohibition and deferred sales during the period.
Friday, 14/10/2022 | 19:56 GMT by Solomon Oladipupo
Regulation

ICC Intercertus Capital Pays €100K to CySEC to Settle Possible Violations

  • The settlement concerns marketing, distribution and sales of CFDs to retail clients.
  • FXBFI Broker also paid €150k to settle its possible violations of local regulations.
Wednesday, 10/08/2022 | 16:15 GMT by Solomon Oladipupo
Brokers

FXBFI Broker Pays €150K to CySEC to Settle Possible Violations

  • The decision was reached by CySEC's Board on March 4, 2022.
  • CySEC announced three license withdrawals in late July.
Tuesday, 09/08/2022 | 20:06 GMT by Solomon Oladipupo
Retail FX

CFTC Charges South African Pool Operator in Its Largest BTC Fraud Case

  • Steynberg and MTI defrauded investors of more than $1.7 billion.
  • The investors were non-eligible contract participants (ECPs).
Thursday, 30/06/2022 | 19:29 GMT by Solomon Oladipupo
Retail FX

Online Retail Forex: Where Does Africa Stand?

  • Young people are the heart of Africa’s emerging online retail FX industry.
  • However, weak regulations and illiteracy are stumbling blocks.
Thursday, 12/05/2022 | 16:37 GMT by Solomon Oladipupo
Interviews

Upcoming Market Abuse Regulation Changes, How Can Brokers Prepare?

  • Spot FX contracts might be brought into the scope, which will create more compliance costs for brokers.
Tuesday, 07/04/2020 | 10:14 GMT by Celeste Skinner
Retail FX

FinaCom Says Traders Sought to Recover $3.4M from Their Brokers in Q1

  • The Financial Commission received a total of 278 complaints in the first quarter, up 31 percent from a year earlier.
Monday, 06/04/2020 | 17:21 GMT by Aziz Abdel-Qader
Regulation

ASIC Cancels AFS Licence of FX Trading Provider FS Securities

  • The license cancellation took effect on the 5th of March 2020.
Friday, 03/04/2020 | 08:45 GMT by Celeste Skinner
Regulation

ASIC Seriously Considers Scrapping Leverage Restrictions for CFDs

  • The regulator has decided against implementing leverage restrictions on CFD trading.
Wednesday, 01/04/2020 | 09:55 GMT by Celeste Skinner
Regulation

Will ASIC Delay Leverage Restrictions Amid COVID-19?

  • The regulator said today it is recalibrating its priorities to respond to the pandemic.
Monday, 23/03/2020 | 08:36 GMT by Celeste Skinner
Regulation

South Korea Eases FX Derivatives Rules to Combat USD Shortage

  • As traders flock to the USD, South Korea is trying to address the mismatches in dollar liquidity.
Wednesday, 18/03/2020 | 07:35 GMT by Celeste Skinner
Regulation

Belarus to Update FX Regulation on Recording Phone Calls

  • Like in the EU, the revision obliges FX companies to record phone calls between employees and clients.
Friday, 06/03/2020 | 13:27 GMT by Celeste Skinner
Regulation

FCA Receives 69 FX Market Manipulation Reports in 2019

  • The most reports received were for equity-related transactions.
Friday, 28/02/2020 | 13:23 GMT by Celeste Skinner
Interviews

XTB CEO: We Hope to Begin Operating in South Africa in Coming Months

  • The broker also plans to add further licences to its portfolio by the end of 2020.
Monday, 24/02/2020 | 07:11 GMT by Celeste Skinner
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