They operated a fraudulent commodity pool soliciting $ 18 million from investors over three years What’s the best time to pull off a forex scheme? – In the aftermath of the greatest financial crisis of modern times of course! That might be an answer in an interview with Philip Leon and Paul Rangel, because that’s…
Read moreBeta testing mode now available, full launch about February 2014 Competition has just gotten harsher in the binary options platforms space. We have a new kid on the block and it is definitely not one to be underestimated considering the amount of innovation we have observed for the past year from the company behind it. UK based platform provider…
Read morePromoting inaccurate rates of return, grossly overstated assets under management, lying to the NFA… The National Futures Asscoiation has taken an emergency enforcement action against Illinois firm Novo Trading LLC, which is a registered NFA member and commodity trading advisor (CTA) and Thomas Henry O’Connell Jr., a principal and associated person of Novo. The action…
Read moreThe company teams up with mobile and web charting platform provider ChartIQ Leading platform provider Leverate has announced today the addition of advance charting and technical analysis features to its Sirix platform based on HTML5, available for web and mobile usage. The company has decided to implement chart analytics from within the platform itself using…
Read moreTop tier FX derivatives and CFD’s liquidity provider is already regulated by FCA and ACP The Commodity Futures Trading Commision has announced in a statement on Tuesday that it has granted a license to Banque Centrale de Compensation, part of LCH.Clearnet SA (LCH.C SA) a registration to handle derivatives transactions as a derivatives clearing organization…
Read moreOn the list: 4XP, BForex, GCI, InstaForex, Neto Trade, SunbirdFX... On Monday the French financial regulators The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) published an updated list of forex related websites that are not authorized to operate within French jurisdiction. The regulators have started compiling such…
Read moreIronFX earlier this year received FCA regulation in the UK As part of its ongoing international expansion strategy Cyprus-based retail forex broker IronFX has announced in a press release that it is expanding its operations in the Far East by opening a new office in the Philippines. It has been a year of growth for IronFX –…
Read moreFederal Reserve’s tapering will be the theme to spark volatility and volume growth in 2014 Most participants in the FX markets will mark 2013 as the year when the carry trade has returned. And the funding currency of choice is the same as before 2008 – the Japanese Yen. Ultra low interest rates coupled with…
Read moreHolders of funds in Hong Kong gain easier access to mainland China investments According to a Reuters report on Monday, The Chinese Ministry of Commerce has announced a simplification of rules for foreign firms willing to park their Chinese Yuan holdings in the mainland. That just looks like another part of efforts to incentivize a…
Read moreInstitutionals up by a steady 10%, retail volumes consolidating due to fewer trading days FXCM has announced their November volume metrics and the numbers reported are quite good. Retail customers have been very active with a stable report at $308 billion in November 2013. While lower month on month by 2% that does not imply…
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