FCA warning
August 26, 2020 BY Steffy Bogdanova

FX educational company SO FX and others added to FCA's warning list

Vandebeek Wealth Management (Clone of an EEA Authorised firm) Address: 280 High Holborn, London WC1V 7EE Telephone: 02080897180 Email: [email protected], [email protected] Website: www.vandebeekwm.co.uk FXGrow Capital (clone of FCA authorised firm) Address: Paddington Railway Station (PAD), London, Greater London W2 1HQ Telephone: 0097145864211 Email: [email protected] Website: https://fxgrowcapital.com/ SO FX Address: Roman Landing, 35-37 St Mary's Place,…

Read more
FMA warning
August 26, 2020 BY Steffy Bogdanova

gold8financialexchange, Knight Service Group and others appear on FMA warning list

The New Zealand watchdog advisea caution when dealing with the websites www.gold8financialexchange.com; www.gold8services.com and www.gold8institute.com as they are not associated with, or authorised by, the New Zealand registered companies Gold8 Financial Services Limited and/or Gold 8 Services Limited. The FMA previously published a warning about Business Choice Partners Group Limited on 1 July 2020 as a…

Read more
Edgewater Markets metal volumes soar in H1
August 26, 2020 BY Steffy Bogdanova

Edgewater Markets report soaring metal volumes in H1 2020

Edgewater Markets was founded in 2009 and provides forex and precious metals services. The company’s global footprint and strategic partnerships provide connectivity and credit access into pools of localized liquidity and execution services. Edgewater has global sales offices in New York, London, Singapore, Mexico City and Santiago, Chile which are positioned geographically for 24-hour support…

Read more
collaboration
August 25, 2020 BY Steffy Bogdanova

Fintech Lightnet teams up with Swiss crypto bank SEBA

Matthew Alexander, head of asset tokenization of Seba Bank commented: Asia is a promising market not only because of its size but especially because of the affinity of the people towards digital services and digital assets. Lightnet will leverage a blockchain financial protocol developed by decentralized credit and settlement network in Asia, Velo Labs. The…

Read more
revenue volumes
August 25, 2020 BY Steffy Bogdanova

FinVolution reports $256.3 million net revenue for Q2 and share repurchase program of up to $60 million

Q2 financial highlights include: Net revenue grew by 10.3% to RMB 1,810.5 million ($256.3 million) from RMB 1,641.9 million in the same period during the previous year. Operating profit reached RMB 567.2 million ($80.3 million), 26.1% down from RMB 767.6 million in the Q2 of 2019. Non-GAAP adjusted operating profit, excluding share-based compensation expenses before…

Read more
Second wave of Covid-19 may be afoot, ways to prepare
August 25, 2020 BY Steffy Bogdanova

Second wave of Covid-19 may be afoot, ways for the payment industry to prepare

Contactless payments Cashless and contactless payments have gained popularity recently as fast transactions became important for physical businesses looking to set in place social distancing protocols. Smooth contactless payments can be essential in a potential second wave. Galdikas stated: No-contact payments gained newly-found importance in the context of the pandemic and will remain highly relevant,…

Read more
Over 20 unregistered foreign companies added to CFTC RED list
August 25, 2020 BY Steffy Bogdanova

CFTC updates RED list with 22 unregistered foreign companies

The new additions to the RED list include: Allegra Markets IDB Traders/Baltic Concert LLP Capital 245 MM Financial Experts Coinexx Omega Crypto Crown Finance Omega Capitals EagleFX Platin CFD Easy Line Pro Richmond FG F1 Trade Top Option 360 FX Dealer Trade GF FXVIP Turnkey Forex Global Capital Options VIP Businesses Grand Tradefx Wellington INV/Bali…

Read more