Forex Brokers
UK - FCA Forex Regulation News
View below the latest forex regulation news from the United Kingdom's Financial Conduct Authority (FCA), the forex regulatory authority in the UK.
FCA Complaints about FX, CFDs and Spreadbetting are 0.1% of Total
23 Oct 2017, London, UK - Finance Magnates - This is the first time that the FCA has published such data relating to the online retail trading industry. The U? Financial Conduct Authority (FCA) has published its half-year report about complaints against regulated firms. The number of complaints against online FX, CFDs and spreadbetting brokers is 3,471.
FCA Warns Interactive Brokers (UK) Ltd over Alleged Business Principles Breach
15 Aug 2017, London, UK - FinanceFeeds News - The warning notice is not the final decision of the UK financial regulator. Interactive Brokers (UK) Ltd has the right to provide information to the Regulatory Decisions Committee (RDC) that will decide on an action. The UK Financial Conduct Authority (FCA) has earlier today announced that it had issued a warning notice to Interactive Brokers (UK) Ltd (IBUK). In its announcement, which comes more than . . .
26 Jul 2017, London, UK - LeapRate - UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm MPG Partners. MPG Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation: . . .
FCA Warns against GSI Markets Firm
17 Jul 2017, London, UK - LeapRate - UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm GSI Markets. GSI Markets is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which require authorisation: . . .
FCA Delays New Forex and CFDs Regulations until 2018
29 Jun 2017, London, UK - Finance Magnates - The UK FCA has delayed its new restrictions on CFDs and forex trading as ESMA looks into its own measures. The UK Financial Conduct Authority (FCA) has outlined in a statement that it is delaying the implementation of new rules on forex and CFDs trading. The news follows the European Securities and Markets Authority (ESMA) publishing a brief statement on forex, CFDs and binary options brokers, . . .
Exness Upgrades FCA License and Prepares for UK Operations
23 Jun 2017, London, UK - EXNESS News - Exness is pleased to announce that its UK entity, Exness Europe Limited (EEL), has received approval from the FCA to upgrade its permissions to a full scope, "IFPRU 730k" license. This means the company can now trade with its clients as principal without the matched limitation. Having acquired its full scope license, EEL is set to expand its global reach by becoming fully operational in the coming months.
UK's FCA Warns of Forex Broker Capital Markets Banc
21 Jun 2017, London, UK - SMN Weekly - The UK Financial Conduct Authority (FCA) issued a warning against forex and binary options broker Capital Markets Banc (CMB) on Tuesday. According to the regulator, the broker has been targeting people in the UK and providing financial services in the country without being duly licensed. The UK financial watchdog further warns investors that some of the investment firms acting without authorization by FCA . . .
UK's FCA Warns of Trade12, MRTMarkets Forex Brokers
16 Jun 2017, London, UK - SMN Weekly - UK's financial markets and services watchdog the Financial Conduct Authority (FCA) has published several warnings of unauthorized companies offering their financial services without the proper license. One of them is the already notorious forex broker Trade12, which appears frequently on various warning lists. The latest to issue a notice of its unlicensed activities was the Australian Securities & . . .
UK's FCA Warns of Forex Broker StoxMarket
13 Jun 2017, London, UK - SMN Weekly - UK's Financial Conduct Authority (FCA) has published a warning against the offshore forex and binary options broker StoxMarket. According to FCA, the broker, owned by Marketier Holdings registered on the Marshall Islands has been targeting UK clients and has been performing financial activities and services that require FCA authorization.
Exness Upgrading FCA Unit, Expects FX Operations Launch in September 2017
18 May 2017, London, UK - LeapRate - LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK). Exness received its initial FCA license in September of last year, which LeapRate discussed at the time with Exness CEO Petr Valov. However the initial license was an 'IFPRU 125K' . . .
UK Regulator Upholds Complaint Against FxPro UK TV Ad
17 May 2017, London, UK - FinanceFeeds News - The ASA has found that a TV ad for FxPro breaches social responsibility rules as it placed undue emphasis on the potential benefits of investing in a high-risk financial product and targeted young, student clientele. Recently, FinanceFeeds has informed its readers of the negligible number of rulings by the UK Advertising Standards Authority (ASA) with regards to Forex advertising. The situation seems . . .
FCA Holds Secret Roundtable with Forex and CFD Brokers on Leverage and Bonus Issues
9 Feb 2017, London, UK - LeapRate - LeapRate has learned that a secret, invitation-only meeting was held yesterday in London between the FCA and senior representatives from several of the leading regulated Forex and CFD brokers in the UK. The meeting was meant to help clear the air between the regulator and the brokers regarding the way the FCA 'surprised' the industry with its new proposed rules for Forex and CFD brokerage primarily limiting . . .
Destek Markets UK Gains FCA License
8 Feb 2017, London, UK - Finance Magnates - Destek Markets, a Turkish provider of foreign exchange (FX) and contracts-for-difference (CFDs), has made major moves recently, procuring a license with the Financial Conduct Authority (FCA) for its UK entity, Destek Markets UK, while also injecting new leadership into its UK branch, Finance Magnates has learned. Destek Markets UK Limited recently garnered FCA approval (Reference number: 739949) and . . .
FCA to Ban All Bonuses, Proposes 1:50 Leverage Cap
6 Dec 2016, London, UK - Finance Magnates - The regulator is also devising a strategy to regulate binary bets once they fall under its jurisdiction. The UK Financial Conduct Authority (FCA) is taking material measures to protect retail clients that are trading rolling spot forex and contracts for difference (CFDs). The measures are the result of a study which shows that 82 percent of retail brokerage clients are losing money.
FCA Calls for Tighter Conduct Rules for Unregulated FX Spot Market
1 Dec 2016, London, UK - SMN Weekly - The UK Financial Conduct Authority (FCA) is considering the introduction of tighter rules for the unregulated FX spot market by implementing a FX Global Code. The goal is to bring the FX spot market in order to bring it in line with the regulated markets of other financial instruments, said FCA's Head of Markets Policy Edwin Schooling Latter at the FX Week conference in London earlier this week, quoted by media.
AlfaTrade has Been Flagged by FCA Due to Illegal Provision of Financial Services
10 Nov 2016, London, UK - FSM News - Another broker company has been flagged by FCA and is pinned down in the warning lists of forex broker companies. United Kingdom's Financial Conduct Authority (FCA) has received several serious complaints from real clients of AlfaTrade since August this year.
Tickmill Expands its Global Footprint as FCA UK Licensed Regulated Broker
9 Nov 2016, London, UK - Tickmill - Tickmill is proud to announce that their UK entity, Tmill UK Limited, is now licensed and regulated by the Financial Conduct Authority (FCA), under registration number 717270. The FCA is a financial regulatory body in the United Kingdom, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy . . .
Pepperstone Receives FCA License, Set to Expand in the UK
26 Sep 2016, London, UK - LeapRate - LeapRate has learned that ASIC regulated, Melbourne, Australia based retail forex broker Pepperstone is getting set to announce a major expansion in the UK and Europe. One of Australia's leading Retail Forex and CFD brokers, Pepperstone has already finalized the FCA license of its UK subsidiary, Pepperstone Limited. Pepperstone acquired what is now its UK subsidiary from online entrepreneur Mohammed Tayeb, who . . .
Exness Announces FCA License and Launches Plans to Expand in Europe
6 Sep 2016, London, UK - EXNESS News - Leading forex broker Exness is pleased to announce that its UK entity, Exness Europe Limited, has received regulatory approval from the Financial Conduct Authority (FCA), under Register number 730729. With its newly acquired FCA license, Exness, an international broker whose main client base is currently in Asia, the Middle East, and Africa, is set on expanding its global reach in Europe. "This . . .
UK's FCA Warns against Unauthorized Brokers ECN Markets and CMS Trader
29 Aug 2016, London, UK - SMN Weekly - The UK Financial Conduct Authority (FCA) issued during the weekend warning alerts against IBL Markets, a clone company of genuine forex broker Interactive Brokers UK, as well as against unauthorized forex brokerages ECN Markets and CMS Trader. ECN Markets, www.ecn-markets.com, and CMS Trader, www.cmstrader.com, both target UK citizens without being authorized. Under the local regulation, forex trading . . .
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FCA UK: Trade-24 Operates Unauthorized, Could be Scam
24 Aug 2016, London, UK - SMN Weekly - The UK Financial Conduct Authority (FCA) issued on Wednesday a warning against forex broker Trade-24, calling it a possible fraud. The broker has been providing forex trading services in the UK without having the required authorization. In the UK, financian companies are forbidden to provide services unless they have the proper license issued by the local regulators or the relevant authorities in any other . . .
UK FCA Highlights Steps Companies Need to Take to Fix FX Fixings Damage
28 Jul 2016, London, UK - Finance Magnates - The United Kingdom's Financial Conduct Authority (FCA) has embarked on a reinforcing effort to remind firms about the damage to the foreign exchange industry caused by malpractices. With the FX fixings scandal recently shaking the foundations of the most liquid market in the world, the UK regulator is reminding companies about the conduct they need to adhere to when trading. After the material fines . . .
Independent Report Criticizes FCA on Post-Crisis Softness
21 Jul 2016, London, UK - Finance Magnates - The commissioner overseeing complaints against the FCA calls out the UK financial regulator for being too defensive. According to the findings from a recent study conducted by a commissioner overseeing financial authorities in the UK, Antony Townsend, has iterated that the FCA has been way too soft in the aftermath of the financial crisis and has not been vigilant enough in encouraging real reforms. The . . .
FCA Looks to Implement Crowdfunding Rules as Activity Approaches 3 Billion Pounds
8 Jul 2016, London, UK - Finance Magnates - The Financial Conduct Authority (FCA) is seeking input on which areas should be considered as part of its upcoming review of the rules surrounding both investment-based and loan-based crowdfunding. In 2015 an estimated 2. 7 billion pounds was invested on regulated crowdfunding platforms, up from 500 million pounds in 2013, with more than 100 platforms either operating in the market or seeking authorisation.
Latest FCA Regulated Retail Forex Broker to Launch: BlackPearlFX
29 Jun 2016, London, UK - LeapRate - LeapRate has learned that a new FCA regulated Retail FX broker just launched operations under the fairly unique brand name of BlackPearlFX, a trading name of Black Pearl Securities Limited. The broker also seems to have social trading in mind. We are pleased to bring LeapRate readers an exclusive interview with BlackPearlFX co-founder and CEO Francesco Porcu, who addresses everything from the company's . . .
Banco FX and CFD1000 Flagged by FCA as Unauthorized Brokers
21 Jun 2016, London, UK - Finance Magnates - Banco FX and CFD1000 have been targeting clients both in the European Union and in some emerging markets. The U. K. Financial Conduct Authority (FCA) has flagged two companies which are offering forex and CFDs trading as unauthorized operations. Both Banco FX and CFD1000 have been providing investment services to clients without the appropriate authorization. The firms claim to be operating from the U. K.
Asia Focused LandFX Lands FCA License to Target EU Clients
8 Jun 2016, London, UK - Finance Magnates - The brokerage is one of the few to have obtained an FCA license for forex and CFDs trading this year. The U. K. Financial Conduct Authority (FCA) has just issued a new license for a foreign exchange and CFDs trading brokerage. The U. K. subsidiary of LandFX has become the latest firm to obtain a matched principal license from the London based watchdog which will allow it to provide straight through . . .
Vipro Markets Expands Its EU Regulatory Footprint by Registering Brokerage Services in Key European Trading Markets
24 May 2016, London, UK - PRNewsWire - The company successfully meets all registration requirements from the FCA in the UK, BaFin in Germany and CONSOB in Italy. Limassol, Cyprus-headquartered global ECN Forex broker Vipro Markets is proud to announce it has registered its services with major European Union financial market regulators including the FCA in the UK, BaFin in Germany, ACPR in France, CONSOB in Italy and CNMV in Spain. The company . . .
FCA Licence a Boost to Blackwell Global UK
3 Feb 2016, London, UK - Blackwell Global Press Release - International online forex and CFDs brokerage Blackwell Global has today announced that it has been awarded its FCA brokerage licence. The company has appointed industry veteran Patrick Latchford to lead their Europe and future South America presence, assuming the role of CEO at Blackwell Global UK. Blackwell Global UK's Financial Conduct Authority (FCA) licence complements . . .
Cyprus Regulated Group Capital Index Granted New UK Licence
15 Dec 2015, London, UK - Finance Magnates - The British Financial Conduct Authority (FCA) gave Capital Index (UK) Ltd an authorised and regulated status. Capital Index (UK) Ltd, an online brokerage founded in January 2014, announced today that it has been granted authorised status by the UK's Financial Conduct Authority (FCA) to provide regulated products and services. The group has operations in the UK, Australia, South Africa and Cyprus and was . . .