forex customer complaint
April 12, 2017 BY LeapRate Staff

CySEC requires more disclosure from Forex brokers on Customer Complaints

Cyprus financial regulator CySEC has announced new disclosure requirements targeted at CIF licensed Forex and Binary Options brokers regarding customer complaints. In its efforts to clean up the sector and beef up its image, dealing promptly and effectively with customer complaints seems to be one of the regulator's main focal points. While CySEC has already required…

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April 12, 2017 BY Valentina Kirilova

Belize regulator IFSC warns against forex broker Tradeex Ltd.

Belize financial regulator IFSC (International Financial Services Commission) has issued a warning regarding retail forex brokerage firm Tradeex Ltd. IFSC announced that it has come to its notice that an entity calling itself ‘Tradeex Ltd.’ is falsely and fraudulently claiming to be an International Business Company registered in Belize. The Certificate of Incorporation No.147,333 carrying its…

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April 12, 2017 BY LeapRate Staff

Social trading network FX Junction updates performance stats based on Time Weighted Rate of Return

FX Junction, a leading open social trading network for Forex traders, has announced the release of new and improved performance statistics. The FX Junction performance module has been completely rewritten and improved based on your its members' feedback. Most notably, the performance is now based on the true Time Weighted Rate of Return (TWRR), which is…

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April 12, 2017 BY Valentina Kirilova

New Zealand's Forex Brokers bankrupt, liquidators appointed

An Auckland-based foreign exchange broker has collapsed, leaving dozens of customers owed more than $1 million facing "significant" losses, NZ Herald reported. Forex Brokers was established in 1995 and had an office in the Dingwall Building on Auckland's Queen Street. Companies Office filings show shareholders of the company yesterday appointed PKF Corporate Recovery & Insolvency…

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April 12, 2017 BY LeapRate Staff

Binary options broker RBinary receives warning from Canadian regulator BCSC

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker RBinary, operating from website rbinary.com. According to the BCSC, RBinary claims to be based in the Republic of the Marshall…

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April 12, 2017 BY Valentina Kirilova

Singapore robo-advisor StashAway receives in-principle approval for Retail Fund Management License from MAS

StashAway, a digital wealth advisor, announced today that has received in-principle approval for its Capital Market Services License for Retail Fund Management. This allows StashAway to now prepare to launch its digital wealth management platform in the coming months. Robo-advisors, or “robos,” are growing in prevalence in Europe and North America. Currently, robos in Singapore only…

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April 12, 2017 BY Valentina Kirilova

ASIC cancels AFS licence of responsible entity DD&D Securities

ASIC has cancelled the Australian financial services (AFS) licence of DD&D Securities Ltd (AFS licence 221147) for failing to comply with a number of its key obligations as a financial services licensee. In particular, ASIC found that DD&D Securities failed to: maintain membership with an external dispute resolution scheme approved by ASIC; lodge its financial…

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April 12, 2017 BY Valentina Kirilova

IC Markets adds deposits via PayPal

ASIC regulated Retail Forex broker IC Markets just announced that has added PayPal to its list of accepted payment methods. The addition of PayPal as another funding method will allow IC Markets’ clients to send and receive funds via one of the world’s most trusted and secure payment solutions. In addition to over 10 different…

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