May 21, 2016 BY Mike Fox

TradingView to enable live trading through FXCM via Tradable

Charting software and trading community TradingView announced yesterday the Chicago HQ'd company will start to enable trading of Forex and CFDs through FXCM, the largest U.S. retail and globally regulated Forex broker. Here’s their profile page on TradingView. TradingView announced that eventually it will support trading of more asset classes through a variety of different brokers. Further to this announcement,…

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May 20, 2016 BY Mike Fox

DMM FX ceases brokerage operation in Australia

DMM FX Australia Pty Ltd (DMM FX) today informed clients that the company has made a business decision to cease its current operations in Australia. DMM FX is part of The DMM Group, a global provider of online trading services, known as one of largest FX providers based and regulated out of Japan. Clients are requested to close all…

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google crypto ad ban
May 20, 2016 BY LeapRate Staff

Google bans Payday Loan ads – should Brokers be worried?

Google earns tens, if not hundreds of millions of dollars a year in ad revenue from Retail Forex (and other) brokers. However Google's recent ban on ads from PayDay Loan lenders clearly shows that Google is willing to forego ad revenue in favor of principle. Bart Burggraaf, Managing Partner at MediaGroup Worldwide takes an interesting…

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May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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May 20, 2016 BY LeapRate Staff

CySEC and Cyprus' MOKAS anti money laundering unit issue directives on Panama Papers

Further to our earlier report whereby CySEC ordered all regulated CIF firms to investigate any links to Mossack Fonseca, a Directive has been issued by Cyprus' anti money laundering unit MOKAS, clarifying Regulated Entities’ reporting obligations in relation to the publicly available list of persons which are included into the documents of Mossack Fonseca, referred to commonly as the…

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May 20, 2016 BY LeapRate Staff

Fullerton Markets hires Chartered Accountant Damian O’Brien as CFO

New Zealand based retail forex broker Fullerton Markets today announced the appointment of Damian O’Brien as its new Chief Financial Officer (CFO). A chartered accountant for 25 years, Damian has been a professional investment manager and trustee for multiple investment structures, including several he has cofounded in the past. He graduated in 1989 in Accountancy from Victoria University in…

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May 20, 2016 BY Mike Fox

Hong Kong SFC signs MoU with FINRA dealing with cross-border entities

The Securities and Futures Commission (SFC) of Hong Kong today has announced the regulator has entered into a memorandum of understanding (MoU) with the Financial Industry Regulatory Authority of the United States (FINRA) concerning mutual assistance in the supervision and oversight of regulated entities that operate on a cross-border basis in Hong Kong and in the…

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May 20, 2016 BY LeapRate Staff

Tough Q1 at EZTrader.com - $3.3 million loss, SEC Wells Notice, and $600,000 arbitration order

Binary options brokerage EZTD Inc (OTCMKTS:EZTD), parent company of CySEC regulated WGM Services Ltd which operates binary options brands EZtrader.com and EZinvest.com, reported its Q1 results showing a growing net loss and decreasing revenues, despite a large ramp-up in marketing spend. EZTD lost $3.3 million in Q1, a fairly large number given its Revenues in the quarter were…

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