Binary options broker Banc de Binary renounces CySEC license to go unregulated LeapRate

January 11, 2017 BY Valentina Kirilova

Binary options broker Banc de Binary renounces CySEC license to go unregulated

The Cyprus Securities and Exchange Commission (CySEC) announced that the binary options broker and Cyprus investment firm Banc De Binary Ltd (BDB) has just renounced its authorization. As stated in the renouncement letter of the Company, its authorization with Number 188/13 lapses as from January 15, 2017. It is noted that Banc De Binary Ltd remains…

January 11, 2017 BY Valentina Kirilova

Arran Rowsell joins BGC Partners to further strengthen London credit team

BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company servicing the financial and real estate markets, announced that Arran Rowsell has joined the Company as Head of Credit Strategy in London. Mr. Rowsell will report to Tony Warner, Executive Managing Director and Head of BGC's brokerage business in London. Mr. Rowsell will oversee the coordination…

January 11, 2017 BY Valentina Kirilova

TMX Group releases decreasing results for its December 2016 financial activity

TMX Group Limited (TSX: X) announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for December 2016. Toronto Stock Exchange welcomed eight new issuers in December 2016, compared with six in the previous month and three in December 2015. The new listings included two closed-end funds, one exchange traded fund, two life…

January 11, 2017 BY Valentina Kirilova

ASIC warns against scam emails

The Australian Securities and Investments Commission (ASIC) warned its Registry customers to be vigilant of scam emails purporting to be from ASIC. Some customers have received emails containing attachments or links to fake invoices. Fake emails may look different to ASIC emails and generally instruct the recipient to click a link to make a payment…

January 11, 2017 BY Valentina Kirilova

Chinese banks forced to cover tracks of forex regulator

China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said, according to Reuters. Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines…

January 11, 2017 BY Valentina Kirilova

FCA warns on Savage Finance Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Savage Finance Limited. Savage Finance Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

January 11, 2017 BY LeapRate Staff

Forex broker XTB dismisses CEO Jakub Maly - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned via regulatory filings made in Poland that Warsaw-based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates the XTB.com retail forex brokerage as well as the X Open Hub platform business has made changes to its management and board. We expect the company to make a formal announcement shortly. Out is…

January 10, 2017 BY admin

ChartIQ invites users to beta test new white-label WebTrader

ChartIQ, a provider of professional grade HTML5 stock and forex charts for capital markets, today announced invites to the beta launch of their brand new WebTrader for MT4. The company stated the platform has a new completely customized interface, easy-to-use applications and full of all the technical analysis traders need. Other Features - Lightweight plugin for…

January 10, 2017 BY admin

itexsys launches global currency transfer service

LeapRate Exclusive... we have learned today that UK-based FX brokerage technology provider itexsys has officially launched itexFX, a Global Currency Transfer service right in the heart of London. Simon Blackledge, Director of itexFX stated: Our main priority is to provide a secure, transparent and competitive foreign exchange service for corporate and personal clients. Many of our existing…

January 10, 2017 BY Valentina Kirilova

AMF sets specifics for its ban on the advertising of binary options and CFDs

For several years, the AMF has focused its attention on exposing the danger posed to retail investors by highly speculative products such as forex and binary options trading. In addition to calls for public awareness campaigns, the regulator introduced and now commends the measure included in the “Sapin II” law to ban electronic advertising for…