FCA adds more clone firms to its warning list LeapRate

February 13, 2020 BY Steffy Bogdanova

FCA adds more clone firms to its warning list

UK regulator FCA has put out the details of several clone firms this week. The names of the latest additions to the regulator’s warning list are the companies ATUK, Assetz Capital, Bitsmax, First Choice Finance, Goldmans Banc, Triton-Online, Cash Pug Finance and Thestepchange.com / The Step Change. According to the regulator, the fraudsters are using or giving out the following details as…

February 13, 2020 BY Valentina Kirilova

AvaTrade launches MT5 trading platform in Japan

AvaTrade Japan announced earlier that it has launched MetaTrader 5 (MT5) trading platform in its local office. Japanese traders will now have access to all three versions of the platform - desktop, mobile and web. MT5 features a low spread (0.4 pips), as well as hundreds of additional trading instruments including stocks, Indices and ETFs. The platform…

February 13, 2020 BY Valentina Kirilova

Daily market commentary: The euro sinks to its lowest in 2½ years against the dollar

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 13, 2020. This is not a trading advice. See details below: FOREX The euro sunk to its lowest in 2½ years against the dollar during the early part of Thursday’s session, following the publication of December eurozone industrial production output data, which came…

February 13, 2020 BY Valentina Kirilova

Plus500 reports strong H2 2019 with revenues up 40% compared to H1

Global CFD broker Plus500 Ltd (LON:PLUS) has just released its preliminary unaudited results for the year ended 31 December 2019. The broker divides 2019 into two distinct halves, with strong improvement in H2 2019. All key metrics showed better performance in H2 2019 compared to H1 2019, impacted by extremely low volatility in Q1 2019.…

February 13, 2020 BY Steffy Bogdanova

FCA adds more companies to its warning list

UK watchdog FCA has put out the details of several unregulated companies. The names of the latest additions to the regulator’s warning list are the companies Alliance Private Bank, Fixed Income, Croceus Limited / Croceus Invest, Immediate Edge, I Say Capital, Selected Markets/Halsted Holdings Ltd, Apus Capital and New Rich Markets Ltd. According to the regulator, the fraudsters are using or giving…

February 13, 2020 BY Steffy Bogdanova

ASIC bans Macquarie financial adviser

Australian Securities and Investments Commission (ASIC) announced today the permanent ban of Queensland financial adviser Warren Scott Acworth from providing financial services. The investigation that led to the ban looked into Acworth’s conduct between December 2015 and May 2018 when he was working as adviser with Macquarie Equities Limited and in particular trading activities on…

February 12, 2020 BY Valentina Kirilova

CySEC withdraws Evolve Private Equity Fund Ltd’s AIFLNP licence

The Cyprus regulator CySEC announced today that it has decided to withdraw the AIFLNP licence of a company named Evolve Private Equity Fund Ltd. The Cyprus explained that it has come to this decision because the company has expressly renounced its authorisation. Evolve Private Equity Fund Ltd. is dissolved and put into liquidation in accordance…

February 12, 2020 BY Steffy Bogdanova

SEC files charges against cryptocurrency scammer defrauding physicians

The Securities and Exchange Commission (SEC) filed charges against an Ohio-based businessman who set up a digital asset scam defrauding around 150 investors, among which many physicians. Michael W. Ackerman allegedly, along with two other businessmen, raised at least $33 million from investors, claiming he developed a proprietary algorithm that traded in cryptocurrencies and generated…

February 12, 2020 BY Valentina Kirilova

Daily Market News: Flat day for US stocks

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 12, 2020. In US stocks overnight, the loss posted by Lyft in Q4 came in far lower than analysts had been expecting, and the ride hailing company passed $1bn in revenue for the quarter. Despite that,…