SFC issues restriction notices to three brokers to freeze client accounts LeapRate

Hong Kong SFC

August 30, 2017 BY Valentina Kirilova

SFC issues restriction notices to three brokers to freeze client accounts

The Hong Kong Securities and Futures Commission (SFC) announced that has issued restriction notices to Caitong International Securities Co., Ltd, Pacific Foundation Securities Limited and Yuanta Securities (Hong Kong) Company Limited (the brokers), prohibiting them from dealing with or processing certain assets held in client accounts which are related to suspected market manipulation in the…

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Hurricane Harvey oil trading

August 30, 2017 BY LeapRate Staff

Investors step out of oil markets as Hurricane Harvey devastates Texas-Louisiana coast

The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). Hurricane Harvey has taken its toll on the oil prices. It is said that Texas – Louisiana borders has been hit by the strongest storm in more than five hundred years. Heavy floods caused…

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August 30, 2017 BY LeapRate Staff

AAATrade launches cryptocurrency trading, including Ethereum-bitcoin and Litecoin-bitcoin crosses

CySEC regulated Retail and CFD brokerage group AAATrade has announced the launch of six cryptocurrency pairs, further broadening its choice of trading instruments. Bitcoin, Ethereum, Litecoin and Dash are now tradable against the dollar and there are also two cross pairs, Ethereum/bitcoin and Litecoin/bitcoin. The increasing popularity of bitcoin and other crypto trading among traders…

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SFC fines

August 30, 2017 BY LeapRate Staff

Exclusive: US court issues $22.9 million fraud judgement against IKON Global Markets

LeapRate Exclusive... LeapRate has learned from court documents that about two weeks ago a US judge in Illinois entered a $22.9 judgement in favor of several plaintiffs which had sued Retail Forex broker IKON Global Markets for fraud, as well as its former principals Diwakar Jagganath, Ioannis Litinas and George Daskaleas. IKON Global Markets was…

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forex_logo money transfer

August 30, 2017 BY LeapRate Staff

Forex.com launches new international money transfer service in the UK

GAIN Capital Holdings Inc (NYSE:GCAP) has announced the launch of a new money transfer service on Forex.com, its global Retail FX brand. The new service, which enables individuals and businesses to quickly and easily send money in 26 currencies to over 200 countries via their desktop, tablet or mobile device, features highly-competitive exchange rates, fast…

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Belize FX regulation

August 30, 2017 BY LeapRate Staff

Belize IFSC issues warnings regarding FX brokers Binary/Forex trade and GNTFX

Belize financial regulator IFSC has issued a number of Warning Notices regarding several Retail Forex and Binary Options brokers. The IFSC noted that an entity calling itself ‘Binary/Forex Trade’ affiliated with ‘James Emiliev’ with address, Front Street, Spring City, Nashville Tennessee is falsely and fraudulently representing to hold an Expert Advisor / Consultancy / Advisory Services for…

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australia apac

August 30, 2017 BY LeapRate Staff

IG, Plus500 and Pepperstone noted in 2017 Australia CFD market report

Research outfit Investment Trends has issued its 2017 CFD Report for its home market of Australia, noting some changes in market share among the leading brokers serving Australian retail traders. According to the Investment Trends report, UK online trading leader IG Group Holdings plc (LON:IGG) remains the dominant leader down under as well, with 35% of…

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NetoTrade warning

August 29, 2017 BY LeapRate Staff

Offshore Retail FX broker NetoTrade gets warning from Swiss regulator FINMA

Swiss financial regulator FINMA has issued a statement adding unlicensed offshore Retail FX broker NetoTrade to its public Warning List. This follows a similar warning against NetoTrade made earlier this summer by Spanish regulator CNMV. FINMA didn't list any details or reasons for placing NetoTrade on its warning list. Typically, FINMA takes such action if it…

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TigerWit China fx broker

August 29, 2017 BY LeapRate Staff

Chinese FX broker TigerWit gets CFD broker license... in the Bahamas

We're not sure if this is the beginning of a new trend. Frankly, we doubt it, although we know that there are certain "advisers" out there encouraging unlicensed Retail FX and CFD brokers to build their credibility by "getting regulated" in exotic locales, when setting up a proper subsidiary in the UK or Cyprus is…

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social trading

August 29, 2017 BY LeapRate Staff

Ayondo to offer CFD social trading under BaFin portfolio management license

FCA and BaFin regulated social trading and CFD broker Ayondo has announced that it has become the first company to offer social trading services under a portfolio management licence issued by the German regulator, BaFin. The development means that Ayondo clients can match social trading with their personal investment objectives, and take into account their…

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