Lucrative Pips Corporation involved in a forex trading scheme, fined more than $2 million LeapRate

Valentina Kirilova

LeapRate Analyst

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.

sec charges

August 12, 2019 BY Valentina Kirilova

Lucrative Pips Corporation involved in a forex trading scheme, fined more than $2 million

The U.S. Commodity Futures Trading Commission (CFTC) has announced on Friday that the U.S. District Court for the Northern District of Georgia has ordered Kevin Andre Perry and Lucrative Pips Corporation to pay $694,799. The company has been charged with defrauding clients and misappropriating nearly $700,000 from more than 50 clients in a forex trading…

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FIBO Group launches MT5 Web and Mobile apps

August 12, 2019 BY Valentina Kirilova

FIBO Group launches MT5 for Web and Mobile

СySEC and FSC regulated Austria-based forex broker FIBO Group announced that it has launched MetaTrader 5 for web and mobile. The company's clients can now perform trading operations via any web browser, as well as MetaTrader 5 apps for Android or iOS. MetaTrader 5 web and mobile app options include: real-time quotes one-click on-chart trading…

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Gain Capital forex.com

August 12, 2019 BY Valentina Kirilova

GAIN Capital's OTC ADV drops 14.5% MoM in July

FX brokerage group GAIN Capital Holdings, Inc. (NYSE: GCAP), which operates the FOREX.com and City Index retail forex brands, has announced its financial results for the month of July 2019. OTC Trading Volume was $135.8b last month - a slight drop with 1.4% from June's $137.7b, but a significant plunge with 25.5% YoY. OTC Average Daily Volume dropped with 14.5%…

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clone firm FCA warning

August 09, 2019 BY Valentina Kirilova

FCA warns against Profit Trading Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Profit Trading Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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fca warning

August 09, 2019 BY Valentina Kirilova

FCA warns against Thomas and Ward Advisors LLC

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Thomas and Ward Advisors LLC. Thomas and Ward Advisors LLC is not authorised by the FCA but has been targeting people in the UK and is…

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Facebook

August 09, 2019 BY Valentina Kirilova

Libra skeptics grow – UK Information Commissioner at odds with security

As the saying goes, “Success has a thousand fathers, but Failure is an orphan.” If anyone thought that the firestorm raised by Facebook and its Project Libra would die down, think again. There seems to be a second wave to this tsunami, as next level down technical politicos join the fray. Mark Zuckerberg, the distant…

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Bitcoin

August 09, 2019 BY Valentina Kirilova

Bitcoin battering formidable resistance at $12,000, but altcoins sluggish

Bitcoin has continued its assault upon the $12,000 barrier, while expanding its crypto market share dominance to 68.8%. Its share had been 66.5% only a few weeks back, but analysts are now projecting an 80% target, as altcoins weaken and fade away. A final reckoning may be occurring, where poor use cases may finally dictate…

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August 09, 2019 BY Valentina Kirilova

Thai central bank cuts key rate in response to trade wars and slow growth

In a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…

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social trading

August 09, 2019 BY Valentina Kirilova

The Bitcoin ecosphere is filled with supporters, but skeptics still abound

There is an old adage that counsels: “Keep your friends close, but keep your enemies closer.” The Bitcoin ecosphere has a hefty share of enthusiasts, zealots, and supporters, but there is also a loud and outspoken group of detractors that includes politicians of high rank, Nobel laureate economists, government officials, and ordinary citizens that profess…

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TradAir's Brian Andreyko joins Edgewater Markets as CPO

August 09, 2019 BY Valentina Kirilova

Edgewater Markets launches Edgewater Digital Technologies

Edgewater Markets LLC., a global electronic currency trading business, recently launched Edgewater Digital Technologies, a new company that is establishing an institutional on-ramp for digital asset trading. As a result, Edgewater is realigning its senior operational leadership to support an organization restructuring to accelerate business strategy, new business and product creation strategy. With over 25…

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