Mike Fox
LeapRate Analyst
June 01, 2016 BY Mike Fox

SEC ban fallout: Phillip Capital halts US Retail Forex offering

LeapRate Exclusive... LeapRate has learned that Phillip Capital Inc. (PCI), the Chicago-based member of the PhillipCapital Group of Companies (PhillipCapital Group), will cease to offer retail forex trading to customers beginning immediately, i.e. June 1, 2016. This news comes in response to a Securities and Exchange Commission (SEC) release from May 20, 2016 as reported exclusively…

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June 01, 2016 BY Mike Fox

Darwinex ups the ante by allocating €1,000,000 for DarwinIA challenge

It's a new month with new opportunities and today FCA (UK) regulated FX strategy asset manager and STP broker Darwinex announced they have upgraded its DarwinIA challenge. DarwinIA is a monthly trading challenge that awards the most consistent traders on Darwinex. Starting in June, the firm will be allocating €1,000,000 to the most consistent DARWINS every month, this is a bump from…

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May 31, 2016 BY Mike Fox

Regulator forces PayPal to shut down in Turkey

PayPal, the multi-currency global payments provider today informed customers in Turkey that they can no longer be served via the official Turkish PayPal page. According to different media outlets, apparently the Banking Regulation and Supervision Agency (BRSA) of Turkey is only approving companies with infrastructure based within their borders. Customers in Turkey as of June 6, 2016, will…

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May 31, 2016 BY Mike Fox

Bloomberg launches new features on Japanese website

Bloomberg today announced new features on its refreshed Japanese language news website, Bloomberg.co.jp, bringing its look and functionality in line with the recently launched regional homepage of Bloomberg.com in Asia. Bloomberg is often used as a big media outlet for global brokerage television advertising. “Our new Japanese website will help readers navigate more localized, relevant business news…

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May 31, 2016 BY Mike Fox

ASIC releases its third licensing activity report: 30 applications for retail FX license

Australian Securities and Investments Commission (ASIC) today published its third report on its approach to licence applications. The six month report from July to December 2015 sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) applications, Australian credit licence applications, liquidator registration applications, company auditor and approved SMSF auditor…

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May 27, 2016 BY Mike Fox

CySEC suspends license of Forex brokerage UBFS Invest for capital deficiencies

The Cyprus Securities and Exchange Commission announces that, following a decision in the meeting dated 23 May 2016, the authorisation of the Cyprus Investment Firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’, with number 239/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in…

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May 27, 2016 BY Mike Fox

CySEC withdrawals CIF licence of Trademarker Ltd DBA SkyFX and CapitalOption

The Cyprus Securities and Exchange Commission (CySEC) announced today that on its meeting of 25th April 2016, has decided, pursuant to sections 25(1)(b),(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the Law), to wholly withdraw the Cyprus Investment Firm authorization with number 151/11 of Trademarker…

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May 27, 2016 BY Mike Fox

RoboForex now offers MetaTrader 5 hedge accounts

CySEC and Belize IFSC regulated RoboForex just informed clients about the opportunity to register MetaTrader 5 based (MT5) hedge accounts, which allow you to open multiple positions in the same instrument, including oppositely directed ones. You can use the locking option, which is familiar from the MetaTrader 4 terminal, but now available in the recently updated more powerful and…

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May 26, 2016 BY Mike Fox

Darwinex updates MT4 charts to New York close

FCA-UK regulated asset manager and broker Darwinex informed MT4 traders today that the firm is changing their MT4 server to New York close charts starting on Sunday 12 June 2016. When trading opens on 12 June 2016, Darwinex MT4 charts will be on GMT +3 (instead of GMT +0) so MT4 charts will contain only five daily candles per week. Note: DST will be…

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