FX Industry Week Review: Binary Options ban, Bulgaria FX license denied, new CySEC broker, and lots more…


forex industry news update

It was a week of both good and bad Forex Industry News, with the key stories of the week once again appearing only at LeapRate.

We also saw quite a lot of financial reports from a variety of brokers from around the world. Also – some good, some not-so-good.

Which investor group was granted a new CySEC CIF license, and went live with a new Retail FX site this week?

Which country banned Binary Options?

Which leading Retail FX broker was denied in its application for a financial services license in Bulgaria?

Answers to these questions and a whole lot more appeared first or only on LeapRate this past week. Some of our most popular, shared and commented-on posts this week at LeapRate included:


ProbusFX websiteExclusive: New FX broker ProbusFX gets CySEC license, hires CEO of Squared FinancialLeapRate Exclusive… The new, stricter rules governing FX and CFD brokers issued by Cyprus financial regulator CySEC late last year do not seem to be deterring a new generation of brokers from setting up shop in the island nation. LeapRate has learned that CySEC has issued a new CIF license to a Lebanon based investor group, which has hired the (now former) CEO of Squared Financial to run the new company. Who is behind ProbusFX? Who is the new company’s CEO? Get all the details, exclusively now at LeapRate.

Plus500 Sofia officeExclusive: Plus500 denied financial services license in BulgariaLeapRate Exclusive… LeapRate has learned that Plus500 BG EOOD, the Bulgarian subsidiary of global Retail FX and CFDs broker Plus500 Ltd (LON:PLUS), has been denied by the country’s financial regulator Financial Services Commission (FSC) in its application to receive a financial services license in Bulgaria. Why was the license denied? Why would the FCA, CySEC, and ASIC licensed Plus500 apply for a license in Bulgaria in the first place? Read all about it, exclusively now at LeapRate.

fx broker arrestExclusive: Former IBCFX owner and Labor Party member Nizar Alemi arrested in IsraelLeapRate Exclusive… LeapRate has learned from sources in Israel that Adv. Nizar Alemi, the owner of now defunct Retail FX broker IBCFX, has been arrested for tax evasion, involving foreign Forex brokerage companies and bank accounts which he declined to report to local tax authorities. Get all the details, exclusively now at LeapRate.

Binary Options of less than 30 days banned in Canada.

Exclusive: IronFX launches new FX Affiliate program using Cellxpert software.

Tickmill acquires Retail FX broker Vipro Markets.

FX sector executive moves from the past week included:

Financial reports from throughout the FX industry this past week:

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FX Industry Week Review: Binary Options ban, Bulgaria FX license denied, new CySEC broker, and lots more…

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