Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
FCA
February 24, 2023 BY Steffy Bogdanova

FCA announces compensation for 24HR Trading Academy Ltd victims

Background The 24HR Trading platform provided trading signals to clients, promising significant profits if they followed the instructions sent via WhatsApp and other messengers, involving CFDs contracts on currencies and commodities. However, the platform did not hold the necessary regulatory license, and the FCA issued a warning against it in September 2019. The regulator froze…

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CFTC
February 24, 2023 BY Steffy Bogdanova

CFTC issues charges in a $145 million Ponzi scheme

Additionally, between October 2020 and May 2022, at least 43 p[ool participants transferred around $470,780 to Yas Castellum LLC to participate in its supposed commodity pool after misrepresented historical trading records or how their funds were going to handled and traded. Furthermore, Brisco and Yas Castellum LLC, assisted by Sims, transferred the funds to entities…

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February 24, 2023 BY Steffy Bogdanova

Citi joins eFX trading services in a single dealer platform Velocity 3.0

Furthermore, Velocity 3.0 works across all popular operating systems and can be accessed through any browser. Citi describes the new single dealer platform as “platform-independent technology.” Citi noted that Velocity 3.0 is 71% faster with deal booking and 94% faster with order placement response compared with Citi’s classic platforms. The global investment bank further explained…

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FSMA
February 23, 2023 BY Steffy Bogdanova

Belgium regulator FSMA warns against unlicensed trading platforms

Additionally, FSMA pointed out a common offer among such online trading platforms includes “affiliate program” that may be a sign of a pyramid scheme. The regulator warned that fraudulent trading platforms may act very aggressively and scammers can try to convince their victims to take control of their computer remotely in order to make money…

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HKEX
February 23, 2023 BY Steffy Bogdanova

HKEX ends 2022 with 12% fall in revenue but strengthens in Q4

Higher operating expenses also attributed to the yearly results with 12% increase from 2021 at HK$5 billion due to higher staff costs and professional fees. EBITA fell 19% in 2022 to HK$13.2 billion and EBITA margin was 6% lower at 72% for last year. Basic earnings per share dropped 20% last year, reaching HK$7.96. Nicolas…

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February 23, 2023 BY Steffy Bogdanova

US court indicts founders of $340 million Forsage crypto Ponzi scheme

Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division, said: While advancements in the virtual asset ecosystem bring new opportunities to investors, criminals are also finding new ways to orchestrate illicit schemes. The FBI remains committed to working alongside our domestic and international law enforcement partners to investigate and pursue subjects who orchestrate these…

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February 23, 2023 BY Steffy Bogdanova

TradingView partners with Boursa Kuwait

Boursa Kuwait CEO Mohammad Saud Al-Osaimi highlighted Boursa Kuwait’s goal to increase the stock exchange ’s investor base and provide access to the Kuwaiti capital market. Mohammad Saud Al-Osaimi said: The partnership with TradingView will contribute to the realization of some of the core tenets of our strategy. Boursa Kuwait seeks to increase the investor…

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ASIC ban
February 22, 2023 BY Steffy Bogdanova

ASIC brings charges against third person involved in Courtenay House $180 million FX Ponzi scheme

The allegations against Sipina are related to Courtenay House's illegal activities, which took place between June 2015 and April 2017. The regulator called Courtenay House's operation, a Ponzi scheme. The court alleges that the group convinced at least 585 investors to invest more than $180 million based on false representations that their money would be…

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February 22, 2023 BY Steffy Bogdanova

Capital.com reveals new UK headquarters in London

The new headquarters of Capital.com boasts over 20 meeting rooms, acoustic pods, quiet zones, a Metaverse room and a sizeable seminar room that can accommodate up to 50 people. Capital.com has several global offices and the UK headquarters will be a base for more than 100 employees. The UK office, which moved from Great Queen…

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