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Forex Strategy Builder Professional

Forex Broker News Archive - Jul to Sep 2016


View below news about all the online forex brokers that was published between July and September 2016. This service provided for you by the staff at Best Online Forex Brokers, as we are constantly striving to provide you, our website visitors, with the most complete information on any forex broker you may want to consider trading with.

IG Group Buys Forex Research Site DailyFX from FXCM Inc for $40 Million

30 Sep 2016, London, UK - LeapRate - Well it looks as if FXCM still does have some salable assets. IG GroupContinuing its parade of asset sales in order to repay its high-interest loan from Leucadia National Corp (NYSE:LUK), retail forex broker FXCM Inc (NASDAQ:FXCM) has sold its very popular research, education and market news website DailyFX to UK online trading giant IG Group Holdings plc (LON:IGG) for $40 million. Cash of $36 million will be . . .


Plus500 Officially Announces Acquisition of Operating License in Israel

30 Sep 2016, Israel - Finance Magnates - After Finance Magnates first reported about the Israeli Security Authority (ISA) issuing a number of retail trading licenses for forex brokerages, Plus500 has officially made an announcement about its milestone. The Israeli operating subsidiary of the brokerage Plus500IL Ltd has been granted a license after a very lengthy period awaiting the decision of the regulator. Commenting on the announcement, Asaf . . .


FXCM and AvaTrade Among First Recipients of Israel Forex Broker License

29 Sep 2016, Israel - LeapRate - Israeli financial regulator the Israel Securities Authority (ISA) has issued a Dealers' license to five Retail Forex brokers, allowing them to formally begin taking on Israel-based traders. The licenses take effect as of October 31, 2016. New Israeli regulations took effect effect in July covering different aspects of online trading. The ISA has been taking aggressive moves lately to reform the way online (and . . .


FXPRIMUS Launches a New PAMM Trading Service Benefiting Portfolio Managers, IB's and Traders

28 Sep 2016, Limassol, Cyprus - Business Wire - The Safest Place To Trade, has announced the launch of the new PAMM (Percentage Allocation Management Module) service, offered through its affiliated entity Primus Markets INTL LTD. This new service facilitates the relationship between Skilled Traders (Masters) & Enthusiastic Investors (Followers). This move follows FXPRIMUS' strategy whereby the company places greater emphasis on the provision of . . .


Windsor Brokers Ltd Capital Adequacy Ratio 7 Times Higher than Minimum Requirement

28 Sep 2016, Limassol, Cyprus - PRWeb - Windsor Brokers Ltd, the renowned European Investment Firm has a capital adequacy ratio of 59%. The 'Disclosure and Market Discipline Report' of Windsor Brokers Ltd indicates their Capital Adequacy Ratio (CAR) at an astonishing 59% which is 7 times more than the minimum required by law. The company has been active in the financial markets for over 27 years, catering to retail and corporate investors from all . . .


OANDA Enables Hedging, Deploys Much Faster Trading Engine V20

28 Sep 2016, New York, NY, USA - Finance Magnates - OANDA's clients are to enjoy execution up to 3. 7 times faster than the previous trading engine. While celebrating its 20th anniversary, OANDA has rolled out a big update to its offering. The company is enabling hedging capabilities across its native fxTrade, MT4 and OANDA API offerings. The company has also deployed a new trading engine called V20, which is aiming to enhance the client trading experience.


Denmark's Saxo Bank to Employ New Order Execution Model for Forex

27 Sep 2016, Hellerup, Denmark - SMN Weekly - Saxo Bank, a Danish bank specialized in providing online trading services, said on Tuesday it has tuned to a new order-driven execution model that aligns forex instruments, including forex spot, forex forwards and contracts for difference (CFDs) on indices and commodities. The method is currently in testing and is scheduled to be launched in November this year. Forex options are out of scope and will . . .


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 . . .


Trade24 Added to OSC's Warning List

26 Sep 2016, Ontario, Canada - SMN Weekly - Ontario's provincial regulator, the Ontario Securities Commission (OSC), has added the Trade24 forex broker to its warning list. According to the publication on OSC's website, Trade24, owned by Trade24 Global Ltd, with an address in London, is not registered in Ontario to engage in the business of trading in securities. OSC is the fourth regulator that warns against Trade24 since June when Belize's . . .


Italy's CONSOB Warns of SunbirdFX

26 Sep 2016, Italy - SMN Weekly - Italy's financial regulator CONSOB made its regular Monday update of unlicensed entities offering their services in the country by adding the forex broker SunbirdFX and the binary options trading platform provider Edgedale Finance. CONSOB lists the companies Spring Empire Solutions Ltd, with head office in London, Spring Strategies Ltd, with head office in Dominica and Sunbird International Limited, with head . . .


Gerchik & Co. Adds RoboX Automated Service to Trading Tools

21 Sep 2016, Belize City, Belize - SMN Weekly - Gerchik&Co a Belize-regulated Russian forex broker, announced it has added the RoboX automated service to its trading tools. RoboX is developed by the Israeli fintech company Tradency and was launched earlier this year. Dubbed "a smart trading machine", RoboX is a type of automated trading service that adapts to the needs, preferences and trading risk of the individual trader based on a . . .


ThinkMarkets Renews 1 Million Pounds Insurance Protection for Retail Forex and CFD Traders

21 Sep 2016, Melbourne, Australia - LeapRate - FCA regulated retail forex and CFD broker ThinkMarkets has announced the renewal of their 1 million pounds additional customer insurance protection. The industry standard requires all FCA regulated brokers to offer their clients a minimum of 50,000 pounds in accordance with the Financial Services Compensation Scheme (FSCS). ThinkMarkets have committed to renew their additional offer of 1 million . . .


ForexMart Introduces 5,000:1 Leverage

20 Sep 2016, Limassol, Cyprus - SMN Weekly - Cysec-regulated ForexMart has increased the maximum leverage rate it offers to 5,000:1, one of the highest available on the forex market, according to a notice published last week on the broker's website. The offer applies to all ForexMart clients, regardless of the account they use. Traders need to maintain an account balance of at least $1 to be able to take benefit of the new leverage offering.


Belize IFSC Says TradeFXP is Showing Fake Securities License

20 Sep 2016, Belize - LeapRate - Belize financial regulator the International Financial Services Commission (IFSC) has issued a warning against retail forex broker TradeFXP, operating from website tradefxp.com. According to the IFSC, TradeFXP shows on its website that it is holds a securities license from the IFSC, which apparently it does not. According to the IFSC, what is being displayed by TradeFXP (see below) is a forgery.


Rakuten Securities HK Launches New Trading Platform

20 Sep 2016, Hong Kong - LeapRate - Rakuten Securities Hong Kong Limited (Rakuten Securities HK) announced today Rakuten FX, a brand new forex account service for clients to trade through a proprietary trading platform. With the introduction of Rakuten FX, Rakuten is looking to affirm their leading position among online forex brokers in Hong Kong. "After the successful rebranding of Rakuten Securities HK from FXCM Asia in April this year, we . . .


CFTC Fines Russian Banking Giant VTB $5 Million for Fictitious FX Trades

20 Sep 2016, Washington, DC, USA - CFTC - The U. S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against banking institutions JSC VTB Bank (VTB), headquartered in St. Petersburg, Russia, and VTB Capital PLC (VTB Capital) for executing fictitious and noncompetitive block trades in Russian Ruble/U. S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago Mercantile . . .


LiteForex Discontinues PAMM Accounts

19 Sep 2016, Majuro, Marshall Islands - SMN Weekly - Offshore forex broker LiteForex, which is mostly active in Russia, informed its clients it is discontinuing the percentage allocation money management (PAMM) accounts. Instead, the broker is offering them accounts on its social trading platform. According to the Russian-language site Forex Magnates, the registration of new PAMM accounts will be closed on September 20. Ten days later, on . . .


OctaFX Joins the Metatrader 5 Crowd, Launches Live Trading

16 Sep 2016, London, UK - Finance Magnates - MetaTrader5 is the fifth generation of the trading platform produced by the leading software developer, MetaQuotes Corp. OctaFX, the FCA regulated retail forex brokerage, has expanded its offering through incorporating MetaTrader 5 (MT5) trading platform into its live trading infrastructure, according to an official statement on its website.


KROUFR Plans to Blacklist Forex Brokers TurboForex and Trade 12 over Fund Withdrawal Issues

15 Sep 2016, Russia - SMN Weekly - Russia's commission for the regulation of relations on financial markets KROUFR is preparing to blacklist seven forex and binary options brokers operating on the Russian market, for hindering clients from withdrawing their funds. According to the August report of KROUFR, the total number of complaints against forex and binaries brokers was 17. Of them 13 were for the aforementioned problems. Two of the violators . . .


eToro Gives Up on Regulation in its Motherland Israel

15 Sep 2016, Israel - Finance Magnates - The Israeli Security Authority has succeeded in driving away another firm from the local retail trading market. Israel-headquartered social trading network eToro has become the latest firm to have withdrawn from the local market as it canceled its application for a Israeli Security Authority (ISA) Trading Arena licence, according the regulators.


OctaFX Launches MT5

14 Sep 2016, Kingstown, St Vincent and the Grenadines - OctaFx - OctaFX has yet again expanded its offering to ensure it provides the best trading conditions in the industry this time enabling users to trade on the MT5 trading platform. OctaFX provides unrivalled low spreads and commission-free trading on both MT4 and MT5 platforms. MT5 sports a new user interface enabling users to chart assets at 21 different timeframes and have up to 100 . . .


FreshForex Launches First Ever Forex Trading Service via Telegram Messaging App

14 Sep 2016, Villa, St. Vincent and the Grenadines - SMN Weekly - Offshore forex broker FreshForex said on Wednesday it has launched trading via messaging application Telegram, using its Easy bot software. The service, the first such in the forex market, enables a simplified mode of forex trading. FreshForex' Easy bot provides all the essential information that traders need to place a quick order. The Virtual Assistant provides the best quotes of . . .


FXCM Introduces Historical Forex Spreads Data

14 Sep 2016, New York, NY, USA - FXCM Press Release - FXCM Inc. (NYSE:FXCM), a leading online provider of forex trading, Contract for Difference (CFD), and related services, released historical data on the lowest average spreads for the most popular currency pairs, exclusively on Standard and Active Trader accounts, featuring No Dealing Desk Execution. Traders now have access to the 2015 Historical Spreads Report, and the FXCM Historical Data . . .


OANDA Takes Top Honours Among US Forex Brokers

13 Sep 2016, San Francisco, CA, USA - OANDA Press Release - Global FX broker increases market share, and earns praise for highest levels of satisfaction from its client base and providing best value for money. OANDA, a global leader in online multi-asset trading services, was awarded top broker by its US client base in several categories in the annual Investment Trends' 2016 US Foreign Exchange Report. In the survey of more than 8800 investors, . . .


FXCM Moves from NYSE to Tech-Oriented NASDAQ

13 Sep 2016, New York, NY, USA - FXCM Press Release - FXCM Inc has decided to change its listing venue to join growth oriented tech companies on NASDAQ. FXCM Inc. (NYSE:FXCM) today announced that it is transferring its stock exchange listing to The NASDAQ Global Market. The last day of trading on The New York Stock Exchange, will be Friday September 23, 2016. FXCM shares will begin trading as a NASDAQ-listed security on the following trading day, . . .


Financial Commission Announces Juno Markets as Latest Approved Member

13 Sep 2016, Hong Kong - Financial Commission Press Release - Leading external dispute resolution (EDR) organization, Financial Commission, catering to the financial services industry and operated by FinaCom PLC, today announces Juno Markets as its newest member. Juno Markets' status as an official member of the Financial Commission took effect on September 8th, 2016, after the approval of its application by FinaCom PLC's board which has since . . .


CySEC Grants License to Australian Forex Broker Royal Financial Trading

13 Sep 2016, Nicosia, Cyprus - SMN Weekly - The Cyprus Securities and Exchange Commission (CySEC) continues with the publication of its board decisions granting Cyprus investment licenses to new forex brokers by adding Royal Financial Trading to the list. The decision was taken in August and permits the company to provide investment services such as reception and transmission of orders in relation to one or more financial instruments, execution . . .


SFC Warning against Trading Banks

12 Sep 2016, Hong Kong - AtoZ Forex - Trading Banks, the Forex and CFDs service provider, is blacklisted by another regulator. As SFC warning against Trading Banks published this morning, we reach out to the firm's officials. Why was Trading Banks red flagged? Trading Banks operates online via the website http://www.tradingbanks.com. The company claims on its website that:"Trading Banks is a brand owned and operated by ST World Trade Inc. , a . . .


Windsor Brokers Ltd. Opens New Branch in the Heart of London.

8 Sep 2016, Limassol, Cyprus - PRWeb - Windsor Brokers Ltd recently announced further expansion of business operations leading to the establishment of a new UK branch. Windsor Brokers recently announced the opening of their new branch in the centre of London. The Windsor team in the UK is now also ready to cater to clients from the UK as well as the European region. "Setting up a branch in the UK was in the pipeline for some time now. Last year . . .


Hong Kong's SFC Adds Xtrade to List of Unlicensed Brokers Targeting Locals

8 Sep 2016, Hong Kong - SMN Weekly - Hong Kong's financial watchdog, the Securities and Futures Commission (SFC) has added to its warning list the forex broker XTrade for targeting Hong Kong residents, without having a license. Reports in other media, however, inform that XTrade is denying any wrongdoing and hopes the SFC will get in touch with them to clarify the matter. "XTrade is not targeting investors in Hong Kong. We adhere to regional . . .


Valutrades Completes 1.2M Pounds Recapitalization to Boost Marketing Efforts around New Website

7 Sep 2016, London, UK - LeapRate - LeapRate has learned that FCA regulated retail forex and CFD broker Valutrades has completed a 1. 2 million pounds recapitalization, as the company looks to both shore up capital and free up money for an increased marketing budget. We understand that Valutrades, which offers trading on the MT4 platform, is planning a serious marketing push around its just-redesigned new website at www.valutrades.com (screenshot . . .


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 is a very . . .


24FX and 24option Denied Russian Forex License by the Bank of Russia

2 Sep 2016, Moscow, Russia - LeapRate - LeapRate has learned that Retail Forex and Binary Options brokerage group Rodeler Limited has been rejected for a professional securities market participant license by the Bank of Russia. The license, had it been granted, would have allowed Rodeler to operate a retail forex dealer in Russian, serving Russian clients. Rodeler Limited, based in Cyprus and operated out of Israel, owns and operates the 24option . . .


Swissquote Adds Hedging Capabilities to its MT5 Platforms

2 Sep 2016, Gland, Switzerland - LeapRate - Leading Swiss online trading, banking and investment services provider Swissquote Group Holding SA (SWX:SQN) has announced that it has updated its MetaTrader 5 platforms to include the latest hedging features recently introduced by MetaQuotes. Hedging enables traders to have multiple positions per symbol, including oppositely directed ones, which allows more sophisticated trading strategies resulting in . . .


VTB 24 Forex becomes Fourth Broker to Receive a Bank of Russia Forex License

2 Sep 2016, Moscow, Russia - LeapRate - Russian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB is the second largest bank in Russia, after Sberbank. We had reported back in . . .


SkyFX and Capital Option Shut Down, CySEC Appoints Liquidator

2 Sep 2016, Limassol, Cyprus - LeapRate - LeapRate has learned that Cyprus financial regulator CySEC has arranged for the appointment of a provisional liquidator for Trademarker (Cyprus) Ltd. Trademarker was an Israel-owned and operated CySEC-regulated brokerage group, which operated a number of Retail Forex and Binary Options brokerage brands, primarily SkyFX (at skyfx.com) and Capital Option (at capitaloption.com). CySEC had suspended . . .


ASIC Cancels IMS FX Services Pty's Australian Financial Services Licence

1 Sep 2016, Sydney, Australia - ASIC Media Release - The Administrative Appeals Tribunal (AAT) has rejected an application from IMS FX Services Pty Ltd (IMS FX) that sought confidentiality orders and an interim order that prevented ASIC from amending the public Australian financial services (AFS) licence register to record that ASIC had cancelled IMS FX's AFS licence. The interlocutory application was made pending an AAT appeal to overturn ASIC's . . .


FXCM Reaches Final Pact with Leucadia, at Expense of Shareholders?

1 Sep 2016, New York, NY, USA - Finance Magnates - The new agreement will give FXCM more time to raise funds to repay its debt by shedding noncore assets. Retail foreign exchange broker FXCM has just announced a new partnership agreement with Leucadia National Corp. , the investment company that bailed out FXCM after the Swiss National Bank event in January 2015. The new agreement between FXCM and Leucadia redrafts the terms of the amended credit . . .


Social Trading Broker TG Traderglobal gets CySEC License

30 Aug 2016, Nicosia, Cyprus - SMN Weekly - The Cyprus Securities and Exchange Commission (CySEC) said on Tuesday it has granted a Cypriot investment firm (CIF) license to TG Traderglobal Ltd. , a forex social trading platform operator. The license was obtained on 5 August, 2016, as is currently not activated. CySEC licenses are initially non-active, which means that licensees are not allowed to provide the services for which they have received it.


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 . . .


Social Trading Platform Darwinex adds Backtesting Functionality

26 Aug 2016, London, UK - SMN Weekly - Online social trading platform and broker Darwinex said on Thursday it has introduced a backtest functionality for the Darwinex Score & Investable Attributes. Users can upload their MetaTrader 4 (MT4) backtest in two formats . HTML or . cvsand use algosto calculate their account statistics, such as return and drowdown, as well as variables like value-at-risk (VaR), D-Score and investable attributes, among others.


Blueberry Markets Launches its Offering, ECN Accounts Accessible with Just $100

26 Aug 2016, Sydney, Australia - SMN Weekly - The much anticipated launch of Australian FX and CFDs brokerage Blueberry Markets took place on Monday, August 22nd. Now anyone who is curious about the new startup, launched by the ex-executive of AxiTrader, can check out their services. ECN accounts with Blueberry Markets are accessible with just $100, while most brokers require more as a start. For instance, Australian brokerage IC Markets has set . . .


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 . . .


FXTM to Hike Leverage to 1,000:1 for all ECN Accounts Beginning in September 2016

23 Aug 2016, Limassol, Cyprus - SMN Weekly - Cyprus-regulated forex broker ForexTime, or FXTM, said on Tuesday it is raising the leverage rate for all trading accounts on its ECN accounts to a maximum 1,000:1. The change will come into effect as of 1 September, 2016. Some margin requirements have been adjusted for forex majors, forex minors and exotics on all servers except Pro and Cent. The new requirements will be applied in case of any . . .


New York Court Throws out Lawsuit by Shareholders Against FXCM Says SNB Removed Peg without Notice

22 Aug 2016, New York, NY, USA - FinanceFeeds News - "The court cannot find conscious misbehavior or recklessness when defendants' business model had a successful track record and market investors were shocked by the SNB's decision. " Judge Kimba M Wood. On Thursday this week, US District Judge Kimba M Wood dismissed a shareholder class action lawsuit against FXCM, in which investors claimed that the company made false statements about its . . .


FXCM Admits Capital Shortfall, Denies other CFTC Accusations

22 Aug 2016, Washington, DC, USA - SMN Weekly - Forex Capital Markets (FXCM), US' leading forex broker, denied the accusations of the US Commodity Futures Trading Commission (CFTC) that it had failed to timely report undercapitalization violation and that it had guaranteed against customer losses at the time of the crisis in January 2015 resulted from the unpegging of the Swiss franc (CHF) from the Euro (EUR). On Friday, the CFTC issues a . . .


Interactive Brokers Adopts PFSOFT's ProTrader Platform

22 Aug 2016, Greenwich, CT, USA - SMN Weekly - Software developer PFSOFT announced on Friday that the latest pearl in its collection of brokers connected to ProTrader Multi-Connect (PTMC) trading terminal is Interactive brokers (NASDAQ:IBKR). The news broke just a couple of days after the largest forex broker by market capitalization, Interactive Brokers, announced its decision to restrict US forex trading to big clients only. As of September 1, . . .


Nukkleus Files Q2 Financials Including Update on Acquisitions of IronFX,FXDD, Forexware

22 Aug 2016, Gainesville, FL, USA - LeapRate - Our coverage of the planned merger between publicly traded shell company Nukkleus Inc (OTCMKTS:NUKK) and regulated retail forex brokers IronFX and FXDD (as well as FX platform provider Forexware) has been met with a little bit of puzzlement and misunderstanding by our audience. Which is understandable. Mergers, reverse takeovers of public companies, technology licensing, and multi-stage transactions . . .


HotForex Fined 105,000 Euros by CySec for Multiple Violations

19 Aug 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Board of the Cyprus Securities and Exchange Commission (the 'CySEC') wishes to inform investors that, at its meeting held on January 18, 2016, decided to impose a total administrative fine of 105. 000 to the CIF HF Markets (Europe) Ltd ('the Company') for noncompliance with the following legislation:the Investment Services and Activities and Regulated Markets Law of . . .


Financial Commission Announces MaxiMarkets and Umarkets as Latest Approved Members

18 Aug 2016, Hong Kong - Financial Commission Press Release - Financial Commission, a leading external dispute resolution (EDR) organization that caters to the financial services industry, operated by FinaCom PLC, today announces MaxiMarkets and Umarkets as its newest members. Financial Commission provides customers of member brokerages with a neutral 3rd party mediation platform to help resolve complaints in cases when they are unable to . . .



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More Forex Broker News

CFTC Charges Forex Capital Markets, LLC with Undercapitalization, Failing to Timely Report Undercapitalization, and Guaranteeing against Customer Losses

18 Aug 2016, Washington, DC, USA - CFTC - The U. S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U. S. District Court for the Southern District of New York against Forex Capital Markets, . . .


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Mauritius' FSC Warns Algo Banque is not Licensed as it Claims

15 Aug 2016, Mauritius - SMN Weekly - Algo Banque Ltd. , an automated forex broker, falsely claims to be regulated by the Financial Services Commission (FSC) of Mauritius, the watchdog said in a notice on Friday. The entity . . .


Interactive Brokers to Cut off US forex Clients Sept 1

12 Aug 2016, Greenwich, CT, USA - ForexLive - The war on US retail forex trading continues as it's about to get even tougher to find a forex broker for Americans. Interactive Brokers is leaving the US retail forex market on . . .


EU Forex Broker Mayzus Continues Operations as LiteForex

11 Aug 2016, Limassol, Cyprus - SMN Weekly - Cyprus-regulated forex brokerage Mayzus Investment Company, trading as Mayzus, said on Wednesday is has changed its name to Liteforex (Europe) Ltd. The renaming was made official . . .


CySEC Suspends License of Best Choice FBC Ltd (BCFX)

9 Aug 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission announces that, following a decision at the meeting dated 25 July 2016, the authorisation of the Cyprus . . .


eToro gets Forex Broker License from Belize's IFSC

9 Aug 2016, Belize - SMN Weekly - The financial regulatory body of Belize, the International Financial Services Commission (IFSC), has granted license to forex brokerage eToro Capital Ltd. , data from the regulator's website indicated.


Rakuten Securities Acquires Australian FX Broker to Expand its FX Business Globally

8 Aug 2016, Tokyo, Japan - JF Today - Rakuten Securities announced that the company acquired 100% ownership of Australia-based FXAsia Pty Ltd. This acquisition is the second global expansion of FX business for the securities . . .


Alpari Reapplies for Russian Forex License

8 Aug 2016, Moscow, Russia - SMN Weekly - Alpari, the largest broker in Russia in 2015, has reapplied for a forex license from the Bank of Russia, which serves as a financial regulator and issues the licenses, reports the . . .


Axicorp Secures Strategic Investment from RGT Capital

4 Aug 2016, Australia - Deal Street Asia - Australia headquartered Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp Thursday announced it had secured a 'significant strategic investment' from private . . .


FXTM Gains License from FSB in South Africa as Global Expansion Continues

2 Aug 2016, Pretoria, South Africa - FinanceFeeds Press Release - Today, Cyprus based retail FX brokerage owned by Andrey Dashin has announced that it has received a license from the Financial Services Board (FSB) in South Africa.


OANDA Named World's Best Retail FX Platform

28 Jul 2016, San Francisco, CA, USA - OANDA Press Release - OANDA has been named the world's Best Retail FX Platform at the prestigious e-FX awards by leading industry publication FX Week, beating out a host of competitors . . .


InstaForex Awaits Clarification on Denied Russian Forex License, will Reapply

27 Jul 2016, Moscow, Russia - SMN Weekly - InstaForex, a forex broker operating in Central and Eastern Europe and Asia, announced it is expecting further clarification from the Bank of Russia regarding its decision to deny . . .


FXTM Updates MT5, Adds Hedging

26 Jul 2016, Limassol, Cyprus - SMN Weekly - XTM (ForexTime), a Cyprus-regulated forex broker, becomes the latest to update the MetaTrader 5 (MT5) trading platform to its most recent version, featuring hedging. The latest . . .


Alpari Withdraws License Application from Malta, will Seek Alternative European Jurisdiction

25 Jul 2016, Malta - SMN Weekly - Russia's largest forex broker, Alpari, decided to withdraw its license application in Malta and is pursuing different options. In a statement to online media Finance Magnates, the company . . .


FIBO Group Opens New Office in Shanghai

25 Jul 2016, Shanghai, China - SMN Weekly - In order to better serve its clients in Asia, FIBO group expands its business activities to China. In a note to its clients on Thursday, the broker announced the official opening of . . .


Bank of Russia Denies License to InstaForex

22 Jul 2016, Moscow, Russia - SMN Weekly - Russia's financial regulator, the Bank of Russia, announced it has decided to deny a license for a forex broker and professional participant on the securities market to the forex . . .


Canadian Regulator BCSC Warns against Retail Forex Broker XForex and XTradeXForex and XTrade

21 Jul 2016, British Columbia, Canada - LeapRate - Continuing its string of warnings against forex and binary options brokers targeting traders in Canada, Canadian securities regulator the British Columbia Securities . . .


Fort Financial Services Launches Copy Trading

20 Jul 2016, Belmopan, Belize - SMN Weekly - Fort Financial Services (formerly known as TradeFort) said on Tuesday it introduces new auto trading service, called CopyTrading , which is now available to their clients. The . . .


Continental FX Wins IFM 2016 Awards

19 Jul 2016, London, UK - PRNewsWire - London-based International Finance Magazine has conferred the 2016 awards for 'Best Online Broker, Latin America' and 'Best Asset Management Company in Chile' to Continental FX. . . .


Russia's CRFIN, now NAFD, Admits VTB24 Forex

18 Jul 2016, Russia - SMN Weekly - Russia's self-regulatory organization (SRO) for over-the-counter (OTC) financial instruments CRFIN has announced it has admitted as a member the VTB24 Forex a forex brokering subsidiary of . . .


HY Markets Rebrands as HYCM, Launches New Web Platform

18 Jul 2016, London, UK - SMN Weekly - As of today, Henyep Capital Markets, a. k. a. HY Markets, rebrands as HYCM, also consolidating its capital markets investment brands PIPtrade and Henyep Capital Markets (DIFC). Besides, . . .


Belize's IFSC Grants Licenses to HeartForex, FX88, and TahoeFX

15 Jul 2016, Belize City, Belize - SMN Weekly - Belize's International Financial Services Commission (IFSC) has granted licenses to three new forex brokers HeartForex, FX88 and TahoeFX, shows the list of licensed service . . .


Forex Club's Belarusian Unit Passes BCSE's Requirements for Forex Trading Software

14 Jul 2016, Belarus - SMN Weekly - The Belarusian Currency Stock Exchange (BCSE) said on Thursday it has approved the financial software for forex trading on the over-the-counter (OTC) market used by Financial Company Forex . . .


FxGrow SignalTrader Partnership Empowering Traders

14 Jul 2016, Limassol, Cyprus - AtoZ Forex - Through the FXGrow SignalTrader partnership, traders of the Forex broker will be empowered to utilize Forex trading signals and SignalTrader's fully automated copy trading service.


FXCM Plans to Refinance Debt via Selling $125m Worth of Securities

13 Jul 2016, New York, NY, USA - Finance Magnates - FXCM is aiming to reduce its debt in the coming weeks after filing with the SEC a prospectus indicating sale. FXCM Inc. (NYSE:FXCM) has filed with the SEC a prospectus which . . .


Dukascopy Strikes White Label Partnership with Belorussian Bank, MTBank

13 Jul 2016, Belarus - Finance Magnates - The brand will launch under the name MTBankFX, utilizing Dukascopy Bank's trading technology. Dukascopy Bank has launched a new white-label partnership with MTBank, a bank in the . . .


The National Bank of Belarus Includes Alpari in its List of Registered Forex Companies

12 Jul 2016, Minsk, Belarus - PRNewsWire - The National Bank of the Republic of Belarus included Alpari Eurasia Ltd. in its list of registered Forex companies. As such, clients of this company - a part of the international . . .


Russia's KROUFR Blacklists Forex Broker KSF Trade

11 Jul 2016, Russia - SMN Weekly - Russia's commission for the regulation of relations on financial markets KROUFR added on Friday forex broker KSF Trade after receiving complaints against the entity, the commission said in a notice.


FCA UK Regulated IKON Restructures to MEX Group

11 Jul 2016, London, UK - LeapRate - IKON MultiBank Group, an online forex trading service provider regulated by the Financial Conduct Authority UK and Australian Securities & Investments Commission announced today . . .


Trade360 Adds Rebates Program, SMS Signals to Trading Platform

11 Jul 2016, Limassol, Cyprus - Texas News USA - Cyprus-based forex brokerage Trade360 said on Thursday it has launched a cashback reward program on its trading platform. In addition, the broker has also introduced an SMS . . .


New Zealand's FMA Warns Zlato Capital (ZCFX) is not Registered as Forex Broker

8 Jul 2016, Auckland, New Zealand - SMN Weekly - New Zealand's Financial Markets Authority (FMA) warned on Friday that forex broker Zlato Capital, doing business as ZCFX, falsely claims to be regulated and licensed by it. The . . .


iSignthis Agrees Deal with XM.com to Deliver Enhanced Due Diligence Service

7 Jul 2016, Limassol, Cyprus - Finance Magnates - The iSignthis service will provide XM. COM with a user friendly, automated customer onboarding system. ISignthis Ltd, a company specialising in dynamic, digital AML/CTF KYC . . .


HotForex Adds 24/5 Market News Service from FXStreet

7 Jul 2016, Ebene, Mauritius - Finance Magnates - It was announced today that CySEC and globally regulated brokerage HotForex has launched the 24/5 market news service from FXStreet, one of the leading online news portal for . . .


ThinkForex Rebrands to ThinkMarkets, Adds Proprietary Trading Platform

7 Jul 2016, Melbourne, Australia - Finance Magnates - ThinkForex has officially announced its rebranding to ThinkMarkets. In tandem with the move, the company is also launching its own proprietary trading platform called ThinkTrader.


British Virgin Islands' FSC Issues Advisory Warning Against FXGlory

6 Jul 2016, Tortola, British Virgin Islands - BVI Financial Services Commission - The British Virgin Islands Financial Services Commission ("FSC") has been made aware that an entity calling itself FXGlory Ltd. , has been . . .


ASIC Goes After Over 40 Unlicensed Brokers, 30 Cooperate, Including Blackwell Global and 24FX

6 Jul 2016, Australia - ASIC Media Release - ASIC has warned of a dramatic increase in the extent of unlicensed conduct by retail OTC derivative providers seeking to expand their market with new customers for their complex . . .


NFA Charges U.S. Introducing Broker Avail Trading Corp in Latest Complaint

4 Jul 2016, Chicago, IL, USA - Finance Magnates - In addition to Avail Trading Corp, the NFA separately charged Vincent Capital Group LLC. California-based Introducing Broker (IB) Avail Trading Corp. has been issued a . . .


XTrade to Change Client Money Practices Following ASIC Surveillance

1 Jul 2016, Sydney, Australia - ASIC Media Release - As a result of ASIC's intervention, licensed retail OTC derivatives issuer XTrade. au Pty Ltd (AFSL No. 343628) (XTrade), formerly O. C. M. Online Capital Markets Pty Ltd, . . .