September 02, 2016 BY LeapRate Staff

SkyFX and Capital Option shut down, CySEC appoints liquidator

LeapRate Exclusive... LeapRate has learned that Cyprus financial regulator CySEC has arranged for the appointment of a provisional liquidator for Trademarker (Cyprus) Ltd. Trademarker was an Israel-owned and operated CySEC-regulated brokerage group, which operated a number of Retail Forex and Binary Options brokerage brands, primarily SkyFX (at skyfx.com) and Capital Option (at capitaloption.com). CySEC had…

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September 02, 2016 BY Mike Fox

Spotware Systems announces new features in their September update of cTrader

Spotware Systems announced today the latest features included in the just released September 2016 update of cTrader for Windows as the company continues to deliver regular product updates to benefit traders. cTrader now includes another new functionality to join their roster of advanced trading options. The trigger side of Stop Orders (including Stop Loss) can…

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September 02, 2016 BY LeapRate Staff

24option and 24FX denied Russian Forex license by the Bank of Russia

LeapRate has learned that Retail Forex and Binary Options brokerage group Rodeler Limited has been rejected for a professional securities market participant license by the Bank of Russia. The license, had it been granted, would have allowed Rodeler to operate a retail forex dealer in Russian, serving Russian clients. Rodeler Limited, based in Cyprus and operated out…

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September 02, 2016 BY LeapRate Staff

Australian online broker CommSec hit with $700,000 ASIC fine

Australia financial regulator ASIC has announced that CommSec (Commonwealth Securities Limited (CommSec), one of Australia's largest online brokers, has paid a total penalty of AUD $700,000 to comply with two infringement notices given to it by ASIC's Markets Disciplinary Panel (MDP), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients. The MDP had reasonable…

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September 02, 2016 BY LeapRate Staff

Swissquote adds hedging capabilities to its MT5 platforms

Leading Swiss online trading, banking and investment services provider Swissquote Group Holding SA (SWX:SQN) has announced that it has updated its MetaTrader 5 platforms to include the latest hedging features recently introduced by MetaQuotes. Hedging enables traders to have multiple positions per symbol, including oppositely directed ones, which allows more sophisticated trading strategies resulting in increased protection…

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September 02, 2016 BY LeapRate Staff

Fortex launches a free community version of its MT4 WebTrader

Trading platform provider Fortex, Inc. has announced the launch of a free community version of its robust MT4 WebTrader. With Fortex’s MT4 WebTrader, traders can access MT4 anywhere, anytime on all major browsers and devices. Featuring 100% streaming connectivity and superior stability and reliability, Fortex’s MT4 WebTrader offers market and limit ordering, full market depth…

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September 02, 2016 BY LeapRate Staff

FXSpotStream August FX volumes drop 37% to $12.4 billion ADV

Multibank FX aggregation service FXSpotStream has reported that August volumes on its system plummeted by 37% MoM to $12.4 billion (single count) daily. August volumes were also down 21% YoY from August 2015. The $12.4 billion figure was the lowest year-to-date for FXSpotStream (see chart below). August Forex volumes are coming in weak across the board at…

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September 02, 2016 BY LeapRate Staff

Nevada court fines My Global Leverage and Toney Eggleston $1.4 million for illegal transactions with retail traders

The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Andrew P. Gordon of the U.S. District Court for the District of Nevada entered an Order of default judgment against My Global Leverage, LLC (MGL), which did business in Las Vegas, Nevada, and its owner and managing member Toney Blondo Eggleston, who resided in Las…

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