It appears the grace period for Cyprus based binary brokers to apply for a CySEC CIF license has lapsed. Cyprus financial regulator CySEC has sent out a release warning investors against binary options broker NRGbinary (www.nrgbinary.com), and its parent company NRG Capital (CY) Ltd. CySEC states that NRGbinary is not and has never been licensed…
Read moreFurther demonstrates independence of Alpari units – as well as hot competition in binary platform sector. Binary options platform provider MarketsPulse has issued a press release stating that Alpari Russia has launched binary options trading based on its platform (we had reported it earlier here). That's certainly a good win for MarketsPulse -- Alpari Russia has…
Read moreMany traders decided to wait out the Republican - Democrat showdown, also lots of data missing. LeapRate Exclusive.... LeapRate has learned from a number of forex industry executives, as well as those on the buy side, that trading volumes the past two weeks have been fairly muted during the US Government shutdown and the showdown…
Read moreGTL TradeUp's director, Pakistani businessman Mahmood Riaz, is also allegedly linked to another $36M forex fraud case in Italy. Australia's financial regulator ASIC has been busy lately in the forex sphere. After warning investors yesterday about Aussie Rob and his supposed magic trading software, ASIC today issued a more general warning to retail traders about the…
Read moreSocial and copy trading is quickly evolving from a nice-to-have into a need-to-have. Forex social network and copy trading platform service Myfxbook announced that it is expanding AutoTrade functionality by adding a pair of new brokers to the service, IamFX and Armada Markets. IamFX is a Panama-based forex broker with its service center in Edmonton, Canada.…
Read moreUS Government shutdown meant that SEF applications remained on hold. The CFTC has announced that they will exempt Gain Capital's institutional arm GTX, as well as Mexican peso interest rate swap firm LatAm, from SEF registration for one month, until November 19 (unless, of course, each SEF's license is granted before then). The exemptions are…
Read moreRobert Lloyd Wilson aka 'Aussie Rob' claimed up to 120% returns from his Lifestyle Trader software; but there's more... Australian's financial regulator ASIC has issued a statement informing the public about the participation of Mr. Robert Lloyd Wilson also knows as "Aussie Rob" in a rather outrageous misleading and deceptive marketing practice soliciting customers to…
Read moreSuperTrader requires trade leaders to undergo a strict application process including interviews and strategy testing. Leading forex broker FxPro, a member of LeapRate's Approved List of global regulated forex brokers, announce today the formal launch of its own in-house social and copy trading platform, SuperTrader. FxPro admits to being more conservative and careful than many other…
Read morePlus500 Q3 revenues were nearly double last year's, although down from first half 2013. Shares of publicly traded broker Plus500 (LON:PLUS) have soared by 17% this morning on the London Stock Exchange after the company released a trading update for the 9 months ended September 30. Plus500 also reaffirmed guidance for the full year. Plus500…
Read more...and the UK's FCA is looking at IMs and chatroom activity of JP Morgan's Chief FX Dealer in London. As we have recently reported, several financial regulators across the globe, later joined by the FBI, have started regulatory and criminal probes into currency rates manipulation around the daily 4pm London fix of FX rates. Reports…
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