SWIFT, China International Payment Service Corp sign memorandum of understanding LeapRate

March 26, 2016 BY Maria Nikolova

SWIFT, China International Payment Service Corp sign memorandum of understanding

SWIFT announced on Friday that it has signed a memorandum of understanding (MOU) with China International Payment Service Corp., (CIPS Co.). The MOU details plans for strategic co-operation to develop China’s Cross-border Interbank Payment System (CIPS) leveraging SWIFT as a channel to connect CIPS with SWIFT’s global user community. SWIFT Chief Executive of Asia Pacific…

March 26, 2016 BY Maria Nikolova

eToro cuts commissions on deposits in RUB

Social investment expert eToro keeps pushing into the Russian Forex market. The company has just announced that it is improving the conditions for Russian ruble (RUB) deposits. The commission for converting RUB into USD when making deposits is reduced five times from 250 pips to 50 pips. In February this year, eToro sealed a partnership with…

March 26, 2016 BY Maria Nikolova

Alpari to stop supporting demo.nano.mt4 accounts

Retail Forex broker Alpari Limited keeps streamlining its offering, with the latest changes to affect the lineup of account types available to its clients. Effective March 28, 2016, the broker will no longer support demo.nano.mt4 accounts. The broker will delete all open accounts of this type. The Alpari nano accounts for the MT4 platform have…

March 26, 2016 BY Maria Nikolova

IBFX Inc addresses clients on end of US Forex broker dealer operations

US Forex broker IBFX has updated its website, which now shows a brief message in which the company bids goodbye to clients. The announcement from IBFX Inc comes after earlier this month a similar message got published on the website of IBFX Australia. In February this year, OANDA announced the acquisition of the FX accounts…

March 26, 2016 BY Maria Nikolova

France's AMF adds 21 unauthorized binary options firms to “Black List”

France's financial markets regulator AMF is known for its long “Black List” of unauthorized companies offering binary options trading services to French residents. The watchdog has just underlined this strict image by adding 21 websites offering binary options services without having the necessary authorization to the “Black List”. The list serves as a public warning…

March 26, 2016 BY Maria Nikolova

OANDA releases new version of fxTrade Live platform

OANDA has announced the recent release of a new version of the fxTrade Live platform – version 2.1.2. In this update, the company has made available Advanced Charting, which providing access to 1 month charts as well as a raft of new indicators and drawing tools. The broker has also updated the terminology and display…

March 25, 2016 BY Mike Fox

New MetaTrader 5 beta version released with hedging system

MetaQuotes Software Corp, the B2B software development company behind the popular MetaTrader Forex trading software has today announced that the MetaTrader 5 beta build 1281 featuring the hedging system has been released. Unlike the usual netting system, the hedging one allows conducting multiple trades even on opposite direction of the same symbol. Now, you can use…

March 25, 2016 BY LeapRate Staff

Starfish Markets CIF license not yet activated: CySEC

Cyprus financial regulator CySEC has issued a reminder that the CIF license held by retail forex and binary options brokers Starfish Markets has not yet been activated. Starfish's CIF license was granted last December 18. Starfish Markets is a registered New Zealand company controlled by Malaysian national and now Chinese resident Choon Keit Wong. CySEC's reminder…

March 24, 2016 BY Mike Fox

NFA bars Chicago woman from membership for accepting funds while providing false statements to conceal forex trading losses

National Futures Association (NFA) today announced it has permanently barred Chicago, Ill., sole proprietor commodity trading advisor (CTA) Tina Mozhayski, DBA RF INTL, from membership and from acting as a principal of an NFA Member. The Decision, issued by an NFA Hearing Panel, is based on a Complaint authorized by NFA's Business Conduct Committee on March 18, 2015. The…

March 24, 2016 BY Mike Fox

Two years after launch FxPro set to discontinue branded debit card

FxPro, one of the leading global Forex brokers headquartered in the UK with operations also in Cyprus and regulated by both the FCA-UK and CySEC just two years ago launched a branded debit card system for clients in which traders could withdrawal funds on. The Mastercard enabled debit card allowed clients global spending abilities and ATM cash withdrawals of funds instantly.…