CySEC issues press release asserting its "authority to reach settlements".
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FinesIf you take a look at UFX's track record over the past few years, i dont think its any suprise that they received a fine. Previou
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responseIt seems that you lack some basic understanding of how CySEC works. Your argument regarding CySEC's intention to fine deep-pockete
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Shakedown is the right term!Leo, whether CySEC pockets the money or not is irrelevant. Indeed they do not directly pocket the funds but the point is they are
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RE:Shakedown is the right term...If you take a look at UFX's track record over the past few years, i dont think its any suprise that they received a fine. Previou
CySEC threatening FX brokers if they don't settle quietly and pay large fines.
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ShockingHow much of this story is speculation, is there any evidence? Surely the Broker - especially influential ones will stand up to thi
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Regulatory ArbitrageAnd so the game of cat and mouse with the regulators will continue. Cyprus was a great choice for certain brokers until it is not
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DrThey should be fined 5M They pay because they are systematic scammers. It's well known Forex is made of 2 parties: Scammers and
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CySec alledged suspicious beha...Thanks for the thoughtful incite Dave, very informative and clearly an educated opinion. Perhaps we could keep focus on the issues
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JamesThanks for the thoughtful incite Dave, very informative and clearly an educated opinion. Perhaps we could keep focus on the issues
eToro is the runaway leader in FX social networking.
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Etoro top Social networker?Just because Etoro has more Facebook likes means nothing. For all you know they could have just bought facebook likes. Facebook l
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RE:Etoro top Social networker?Good point. We agree, you cannot look at just that one stat alone, but we do believe it is meaningful in this instance. In the art
Markets.com will become the first customer for Sirix.
Incumbent Currensee doing only about $100,000 revenue per month.
Second Forex-VC deal announced in the past two weeks.
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VC's still interested in the s...Good to see VC’s actively pursuing investments in the space. Seems like the money is still flowing to the “social media/group-thin
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RE: VC's still interested in t...Good point(s). eToro certainly does seem to be gaining that critical mass of "expert traders" necessary, and with their new-raised
