Early last year, the state of New York began requiring a license to engage in virtual currency activity. Ripple engaged with New York’s Department of Financial Services (DFS) and today received a “BitLicense” to sell and custody XRP, the digital asset native to the Ripple Consensus Ledger, for institutional investors and financial institutions in New…
Read moreThe Belize IFSC regulated RoboForex division announced today limitations on leverage across, MT4, MT5 and cTrader platforms on GBP instruments, as well as "Close only" notifications for MT4, MT5. As traders know, the June 23rd 2016, UK referendum is approaching for "Brexit", on the country exiting the European Union (EU). Therefore, all currency pairs with the British…
Read moreToday the International Financial Services Commission of Belize (IFSC) whom regulates many Forex brokers and international financial firms, notified that an entity calling itself ‘Profitable FX EA’ is falsely and fraudulently representing that it is licensed by the International Financial Services Commission of Belize. You can see the fake license emanating from their website below. The website also claims this…
Read moreTMX Group Limited today announced that Michael Ptasznik, Chief Financial Officer (CFO), has resigned from the organization to pursue an opportunity with The NASDAQ Stock Market. Mr. Ptasznik joined TMX Group in 1996 as Director of Finance Planning and Analysis and became CFO in 2000. As CFO, he led the company's finance, corporate development and strategic…
Read moreThe following article is courtesy of Konstantin Rabin of ForexBonusLab.com -- Even though many people feel that retail FX sector is over saturated, we still see new brokers popping out every day. The reason for this is simple. FX still remains an over profitable industry. Nevertheless, the competition is severe and today it is as…
Read moreFXCM Inc. (NYSE:FXCM) today announced key forex trading metrics for May 2016 for its retail and institutional business. May 2016 Customer Trading Metrics: Retail Customer Trading Metrics Retail customer trading volume of $280 billion in May 2016, 2% lower than April 2016 and 15% lower than May 2015. Average retail customer trading volume per day of $12.7 billion…
Read moreTier1FX, a Malta Financial Services Authority regulated forex brokerage announced this week in order to prepare for the expected increase in volatility surrounding the June 23rd “Brexit” referendum in the UK, as well as to offer better protection of client’s assets, Tier1FX will temporarily adjust the margin requirement for the all GBP FX pairs, as…
Read moreToday globally regulated brokerage firm Admiral Markets announced they will issue temporary changes in its trading terms regarding GBP currency pairs and FTSE100 instruments, lasting from the session opening Monday, 20 June until 12:00 pm EET, 27 June. Margin requirements for all currency pairs with the pound sterling (GBP) and FTSE100 index CFD will increase by five times…
Read moreThe Australian Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down…
Read moreTechFinancials Inc (LON: TECH), a software developer that supplies binary option trading solutions to online brokers, announced the establishment of a joint venture with the owners of Optionfortune Trade Limited, a company registered in Hong Kong which would be responsible for running a B2C binary options trading platform focused on the Asia Pacific region. Under the…
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