ASIC bans Bradford AI for four years for providing unlicensed FX trading services LeapRate

January 30, 2023 BY Steffy Bogdanova

ASIC bans Bradford AI for four years for providing unlicensed FX trading services

CFDs are leveraged derivative contracts and are regarded as a high-risk product. ASIC takes the regulation of offering such instruments very seriously and imposes heavy penalties on unlicensed CFD traders. Additionally, the Australian regulator found that Finerty mislead and deceived his clients about the performance of Robot 1 and “directed or assisted” clients to mislead…

January 29, 2023 BY Steffy Bogdanova

HYCM: Three market questions to ask for 2023

In short, the bank’s analysts believe that there is a possible path to a soft landing, but that this will be dependent on the Fed being able to tweak policy “just right” in order to stay on track. Even Larry Summers, who has previously stated that a recession was inevitable, has recently softened his own…

January 27, 2023 BY Steffy Bogdanova

Scope Markets promotes Pavel Spirin to Chief Executive Officer

Spirin joined Scope Markets in August 2021 as Chief Growth Officer, where he focused on global marketing and retail business development. His promotion comes after he served at that position for a year and half. Prior to Scope Markets, Spirin spent three years at Skilling where he joined as Chief Marketing and Business Development Officer…

January 27, 2023 BY Steffy Bogdanova

Daily market commentary: as Friday’s European trading session gets underway the greenback is still carrying a positive momentum

However, the upside for the greenback is limited; a more in-depth analysis of the GDP data reveals that the growth was, to a large extent, driven by inventories, and therefore likely to fizzle out later in the year. Ricardo Evangelista – Senior Analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the…

January 26, 2023 BY Steffy Bogdanova

ATB Financial adopts smartTrade’s FX web platform

Ryan Rabin, Vice President of Banking & Payment Solutions at ATB Financial said: We were looking for a vendor with a strong reputation, an understanding of FX distribution and trading, as well as the technology to support it. smartTrade was able to provide a true end-to-end solution, including connectivity to liquidity providers and support teams…

January 26, 2023 BY Steffy Bogdanova

Swiss Finance Corporation taps Integral for its eFX trading and workflow solution

Through their partnership, SFC receives access to Integral’s end-to-end workflow and eFX trading technology, which will allow the firm to focus on growing their business and optimizing their yield. The SaaS solution includes liquidity aggregation, price generation, distribution, risk management and analytics, allowing clients to run their trading businesses more effectively – at a fixed…

January 26, 2023 BY Steffy Bogdanova

Daily market commentary: The markets are on standby mode, awaiting the release of US GDP figures later today

European Shares European shares climbed higher on Thursday, alongside US futures, as reassuring earnings keep on sustaining risk appetite. Every stock index of the old continent traded in green territory, with positive performances across almost all sectors, and tech stocks continue to lead the way. The cautious sentiment sparked by the sales warning from Microsoft…

January 26, 2023 BY Steffy Bogdanova

IG Group sees 10% increase in H1 FY23 revenue to £519.1 million

Active clients reduced slightly to 312,000 from 320,400 in H1 FY22. The new clients on the platform returned to normal levels from the very high numbers of the previous year, reaching 37,500 in H1FY23. Profit before tax fell 2% to £240.5 million from the previous year’s £245.2 million. Adjusted profit before tax came in at…

January 25, 2023 BY Steffy Bogdanova

Saxo UK names James Donovan Global Head of Preferred Broker

In his new role, Donovan will be focused on driving Saxo’s Preferred Broker programme to reach its potential in response to the high level of demand, according to the company. With the Preferred Broker programme, partner clients can enrol their employees onto the platform. Trades are reported to the organisation’s compliance department directly, which ensures…

January 25, 2023 BY Steffy Bogdanova

CySEC adds 5 more unregulated brokers to warning list

The Cypriot watchdog stated: CySEC urges investors to consult its website (www.cysec.gov.cy), before conducting business with investment firms, in order to ascertain the entities which are licensed to provide investment services and/or investment activities. Earlier in September, CySEC added five companies to its warning list.

Category: Forex