The regulator also reported that the company has paid the settlement amount. CySEC said in the announcement: CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe…
Read more
Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…
Read more
Russia based online broker TeleTrade and Premier League club Burnley FC have announce their partnership, whereby TeleTrade will be designated as the Official Forex Trading Sponsor of Burnley FC. Burnley FC is one of the major success stories of late in English football. The small-market team - Burnley is a town of about 75,000…
Read moreRussia's Megaregulator has issued two more Forex dealer licenses – to TeleTrade and TrustForex, following the issuance of such a license to FINAM in December last year. At the same time, the Bank of Russia denied authorization to Profit Broker. The regulator did not provide any details regarding the grounds for its decision. Under the terms…
Read moreAbout 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015. The total size of deposits reached meager $0.5 billion. The amount of FX transactions fell 5% from 2014 levels, with the…
Read moreRetail Forex broker TeleTrade has joined the line of companies applying for a Russian Forex dealer license. The company announced on Wednesday that it has filed the necessary documents and that it hopes to get the license sometime in the first quarter of 2016. The Bank of Russia has 60 business days to review the…
Read moreAlpari has emerged as the leader in the Russian retail Forex market in 2014, according to the latest comprehensive study provided by Interfax-CEA. The broker has managed to win the first place amid all retail Forex companies active in the Russian market both in terms of clients and in terms of volumes. According to the…
Read more