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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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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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Goldenway Global Investments (UK) Limited, which operates the GWFX Global retail FX and CFD brokerage brand (at gwfxglobal.com), has added Simon Henry as its new Compliance Officer. Simon Henry was hired by GWFX from London Capital Group Holdings plc (LON:LCG), where he was Head of Compliance for the…
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Serial entrepreneur and Dallas Mavericks owner Mark Cuban, long a Bitcoin skeptic, has increased some of his cryptocurrency and technology investments recently. Cuban's latest backed venture, Mercury Protocol, has just released a white paper detailing how it plans to use Ethereum blockchain technology to disrupt the global communications industry. According to Mercury, modern communication is…
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The following article was written by Adinah Brown, content manager at Leverate. If you have not heard of quantum computing, you are not alone. To date, most of the work of quantum computing has been taking place in universities, where super smart tech geeks work with never-before-seen technology to change the world using algorithms that most…
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Belize financial regulator IFSC has issued a Warning Notice regarding a company called OneLife Network Limited. OneLife is a marketing company purporting to operate from Belize. On its website it shows links to "Affiliated Sites" including cryptocurrency OneCoin, as well as to OneWorld Foundation, OneAcademy, and OneLife events. The full text of the IFSC warning reads as follows:…
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We normally list the week's key executive moves at the bottom of our weekly FX Industry News summary. However this week saw an extraordinary number of hires and departures involving CFH Systems, AxiTrader, Pepperstone, ADS Securities, CMC Markets Plc (LON:CMCX) - with all these moves being exclusively reported at LeapRate. (What was everyone else writing…
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The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Every broker is fishing for external awards as a sign of recognition. Indeed, external awards are valuable; if they are reputable, even better. What about internal awards? Don’t you think that many brokers, and companies in general,…
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LUZ Soluções Financeiras, a Brazilian supplier of financial technology founded in 1999 and active across Latin America, announced that has partnered with ULLINK, the global provider of connectivity and electronic trading solutions, to provide turnkey solutions for clients of its front to back solutions. The new, extended trading platform will enable LUZ clients to connect…
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Forex trading platform developer MetaQuotes has announced its latest upgrade to the MetaTrader 5 platform for iPhone and iPad. MetaTrader 5 iOS build 1649 provides the possibility to view market statistics of financial instruments traded in the exchange execution mode. In order to view the statistics, open the menu of any symbol in Market Watch, and select…
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