First "pure play" Binary Options provider to get licensed in Cyprus. Quite a number of the Binary Options brokers which set up shop in Cyprus over the past two years were somewhat disappointed when the national financial regulator CySEC decided last year that Binaries were indeed a financial instrument -- making them subject to regulation,…
Read moreAndrey Dashin's new Cyprus FX firm onboards most of Alpari FS management. LeapRate Exclusive..... Well it seems as though Alpari's decision to shut down its Cyprus operation Alpari FS -- at around the same time that Andrey Dashin's new firm ForexTime Ltd received a CySEC CIF license to begin operation -- has provided ForexTime Ltd the opportunity to…
Read moreAll Alpari FS clients to be transferred to Alpari UK. In something of a surprise move, Alpari announced that as of February 8 it will transfer all client accounts legally situated with Alpari's Cyprus subsidiary Alpari FS, and move them to Alpari UK. Following February 8 Alpari FS will cease providing services to clients. Alpari…
Read moreCySEC licenses two new retail FX brokers this week. After we reported that Alpari founder Andrey Dashin was behind ForexTime, which just got a CySEC CIF license and which will soon launch a new retail FX brand (note that Dashin remains a shareholder in Alpari), comes word that CySEC has granted yet another license to a…
Read moreEx-Alpari execs founded ForexTime in New Zealand two years ago. New Zealand based ForexTime has just received a Cyprus Investment Firm license, and is planning on expanding its marketing activities in Europe. ForexTime was set up in New Zealand two years ago by former Alpari executives from Russia. ForexTime also, somewhat interestingly, has an office…
Read moreFXNet set up by former XEMarkets (TradingPoint) execs. Cyprus' securities regulator CySEC announced that it has granted a CIF (Cyprus Investment Firm) license to FXNet, an about-to-be-launched retail FX firm. FXNet is being formed by (among others) executives from XEMarkets, including Costas Kappai, formerly senior dealer at XEMarkets. [Editor's note -- see company comment below].…
Read moreFxPro UK Ltd can now hold client money and act as principal.
Read moreFxPro UK Ltd can now hold client money and act as principal.
Read moreChanges business model from selling software to selling white labels.
Read moreCFTC settling one-by-one with 25 firms named last year for taking US retail clients.
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