Dragon Options runs on the SpotOption platform, focus on Russian market. Cyprus' financial regulator CySEC has issued its latest CIF license to a binary options broker, Dragon Options. Dragon Options is one of the Cyprus-based binary options brokers which was given a window of time to 'get licensed', after CySEC decided nearly two years ago…
Read moreDaher still owns 11% of Gain; he previously was a 10%+ shareholder and board member at rival FXCM. Lebanese businessman Michel Daher sure seems to know how to make money in Forex. But it is in trading the shares of Forex brokers, not in trading currencies. LeapRate has learned, via a series of filings with…
Read moreBank of England’s governor Mark Carney dashed hopes for an independent Scotland that uses the British Pound A couple of weeks after the Scottish independence currency question has resurfaced, our thesis that a currency union with the UK would undermine its ultimate goal of sovereignty has been confirmed by none other but the current governor…
Read moreVolumes averaged $131.2B per month in trading volume in 2013. Russian brokerage powerhouse Alpari has revealed its key performance indicators for 2013. It is claiming to be the only company in the country to release internal figures to the public. The latest batch is rather impressive – Alpari Russia has announced in a press conference…
Read moreRene Alan Chalmers will spend 51 months in prison for funds misappropriation and misrepresentation of returns The New Zealand Herald is reporting on a substantial forex Ponzi scheme that was uncovered by the local Serious Fraud Office following complaints from investors with a self-made forex trader. Rene Alan Chalmers has defrauded his investors including family…
Read moreTradologic's TRADINATOR will introduce 30 and 60 second binary trading terminals, which it calls ‘Financial Entertainment’ Well it is official. Binary Options have now crossed over into financial gambling. But this time it is by design. One of the leading binary options platform providers, Tradologic, has issued a press release detailing its new solution aimed at…
Read moreVerrier has previously worked for two active players in institutional forex UK regulator FCA has announced in a press release that the Authority has decided to permanently ban from the financial services industry Anthony Verrier who held a senior executive position at BCG Partners. According to the regulator there are serious concerns over Mr Verrier’s…
Read moreZhu Changhong oversaw diversification of SAFE’s assets, stepping away from substantial US dollar dependence The Financial Times has reported yesterday that one of the key brains behind the diversification strategy of Chinese FX reserves has left his position as top overseer at the Chinese State Administration of Foreign Exchnage (SAFE) to rejoin the private sector.…
Read moreG 20’s Financial Stability Board commits to revamp the way FX benchmarks are calculated According to a fresh Reuters report, the Royal Bank of Scotland has announced that it is suspending to accept orders in relation to several foreign exchange fixings. While the bank has declined to comment on whether it has something to do…
Read moreRetail investors and hedge funds show rising interest in forex trading According to data sets provided by global central banks in Australia, Japan, Singapore, the UK, US and Canada that cover about 75% of global FX trading flows about $3.87 trillion have been shaking hands on the forex market every day. That is the report…
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