National Bank of Ukraine withdraws Forex operations license of Concorde Capital LeapRate

March 18, 2016 BY Maria Nikolova

National Bank of Ukraine withdraws Forex operations license of Concorde Capital

The National Bank of Ukraine (NBU) has earlier this week withdrawn the general license for FX operations of financial services company Concorde Capital LLC. The license, No. 114-р, is withdrawn effective March 15, 2016. The regulator did not elaborate on the reasons for the revocation but the company explained to Interfax that the license was withdrawn…

October 02, 2015 BY Maria Nikolova

PrivateFX emerges, engulfing clients of notorious Forex Trend

The website of PrivateFX, pledging to be the new “home” for former clients of Forex Trend, was launched on Thursday.

September 03, 2015 BY Maria Nikolova

Forex Trend clients get offer to double investments in “new” company

The new owner of ill-fated brokerage Forex Trend offers clients a “1+1” transfer scheme, meaning they have to double their deposits to have their funds active.

August 19, 2015 BY Maria Nikolova

Forex Trend closes PAMM-account system

The broker, which was accused by Alpari of illicit use of the “PAMM account” trademark earlier this year, says the shutdown is temporary and is due to technical factors.

August 17, 2015 BY Maria Nikolova

New Zealand's FDR: 82% of complaints concern failure to return money

The annual report by New Zealand's Financial Dispute Resolution scheme shows that the bulk of complaints concern overseas Forex brokers and 82% of the total related to failure to reimburse investments.

August 15, 2015 BY Maria Nikolova

Launch of reborn Forex Trend gets rescheduled for October

The new company, to which the clients of notorious FX broker Forex Trend will be transferred, is set to start working in October this year.

July 13, 2015 BY Maria Nikolova

Newborn Forex Trend set to emerge in August

The new owner of the notorious Forex broker says FXT2 will not replace or be a legal successor of the “old” Forex Trend Limited.

July 02, 2015 BY Maria Nikolova

Troubled broker Forex Trend tries to move clients to new company FT2

After losing its registration in New Zealand and being blacklisted in Russia, the company is asking clients to submit applications to move their funds to Forex Trend 2.

June 28, 2015 BY Maria Nikolova

Forex Trend accounts for 60% of complaints to New Zealand's FDR

During the 11 months to May 31, 2015, New Zealand's Financial Dispute Resolution (FDR) scheme got 248 complaints regarding Forex Trend, all of them – from Ukrainian residents.

May 11, 2015 BY Maria Nikolova

Forex Trend debacle worsens, as website goes down

The website of the New Zealand-registered retail FX broker went dysfunctional this morning, less than a week after a director confirmed that the company was unable to meet its obligations to clients.

Tag: Forex Trend