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 Mackenzie & Brooke. Mackenzie & Brooke is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Cyprus financial regulator CySEC has imposed a fine of €225,000 on XFR Financial Ltd, the parent company of retail forex broker XTrade, for a variety of violations. The largest parts of the fine relate to: providing investment investment advice without authorisation, failing to act fairly, honestly and professionally or in the best interests of clients in granting trading bonuses,…
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Forex trading platform developer MetaQuotes has announced that the latest MetaTrader 5 update allows clients to quickly open a demo account at a brokerage company. This feature is available only on the MQL5.com website. Everyone could test the web platform using their broker's demo account. The test could be done by launching the WebTerminal on MQL5.community, then writing the…
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Alpari has been discussing priority areas of cooperation with Republic of Mauritius government officials and the country’s financial institutions, LeapRate reported earlier today. Latest news from the global financial brand Alpari is that it has opened a new international headquarters on 25 October, 2016 in the macro-region which encompasses the countries of Southern Africa and the Indian Ocean basin.…
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During an official visit to China, National Settlement Depository (NSD), Russia’s central securities depository, have signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSDC), China’s central securities depository providing services to the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The parties have agreed to exchange experience and information, and…
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The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November 2013, Richard Aston Clay and Kathryn Joy Clark were charged with dishonesty offences by the Serious Fraud Office and Nottinghamshire Police. The offences committed by Mr Clay and Ms Clark…
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FX broker Alpari Limited has announced that a meeting took place in the Republic of Mauritius between government officials, the country's financial institutions and Alpari higher management to discuss priority areas of cooperation. In particular, Alpari held discussions with the Financial Services Promotion Agency (FSPA) which operates under the aegis of the Ministry of Financial…
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Digital payment solutions provider Paysafe Group Plc (LON:PAYS) has expanded its long-term partnership with FinTech provider powering NextGen point of sale (POS) Handpoint, to offer EMV-ready mobile point of sale and online payment solutions to merchants and partners in Canada, the US and Europe. Through this partnership, Paysafe offers end-to-end frictionless payments online, in-store and…
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Telecommunications company Colt Group S.A. (LSE: COLT) has announced a major revamp of their advanced fibre-optic network, as well as extensive Layer 2 network expansion in Japan. This will enable high-bandwidth services with speeds ranging from 10Gbps up to 100Gbps on mass scale, with greater routes and diversity. The phased expansion of both available services and…
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RiskGrid Technologies, a new cloud-based risk management solution provider powered by industry-leading risk analytics from Algorithmics, has announced the launch of RiskGrid Lipper as a fully integrated app available in App Studio on business information giant Thomson Reuters Corp (NYSE:TRI)'s Eikon using fund data from Lipper. RiskGrid provides forward-looking risk analytics and stress-tests on top of Lipper mutual…
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