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Forex Strategy Builder Professional

Forex Broker News Archive - Apr to Jun 2016


View below news about all the online forex brokers that was published between April and June 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.

Markets.com Continues Consolidating Staff, Dozens Let Go

29 Jun 2016, Nicosia, Cyprus - Finance Magnates - The TradeFX subsidiary of Playtech has consolidated its staff amid an ongoing strategic transformation. Markets.com, an online brokerage for forex and CFDs trading, has let dozens of its employees go, Finance Magnates has confirmed with Playtech. The business is part of the financial trading portfolio of the London listed gaming giant. The company acquired TradeFX, which owns the Markets.com brand, . . .


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 . . .


CySEC Continues CIF License Suspension of Forex Broker UBFS Invest

29 Jun 2016, Nicosia, Cyprus - LeapRate - Cyprus financial regulator CySEC's typical modus operandi when faced with a suspension-worthy offense by one of its regulated entities is to suspend the CIF license of that company for one month, giving the company a full 30 days to fix things. Sometimes that happens, but sometimes it doesn't happen. In the case of retail forex broker UBFS Invest (full legal name: UBFS Invest Powered By Moneychoice . . .


Axiory Global Sets up New MT4 Server at Equinix's London LD4 Data Center

28 Jun 2016, London, UK - Finance Magnates - Axiory Global will go live with its new MT4 server on Sunday at LD4 London. With regulated brands in Belize and Cyprus, online broker Axiory Global has announced that it has set up a new MetaTrader server at Equinix's London LD4 center, according to an email sent to clients that had been viewed by Finance Magnates. The company has slated new trading features to be available as the server goes live this . . .


FXTM Awarded with 'Best Forex Broker' in the 2016 European CEO Awards

27 Jun 2016, Stockholm, Sweden - FXTM - FXTM is proud to be awarded "Best Forex Broker" of 2016 by the prestigious European CEO Awards. The distinction highlights our premier position as an authority in the Forex industry, and we are especially honoured that it comes from such an esteemed organization as the European CEO, who are respected in the business world for spotlighting companies that set new standards in their respective industries.


Leading Social Trading Platform ZuluTrade Now Available to AETOS- Capital Group (UK)'s Traders

27 Jun 2016, Athens, Greece - Business Wire - ZuluTrade.com, the leading social Forex auto-trading platform that revolutionized the Forex industry by introducing the following of algorithmically ranked Forex experts` performance, announced the newest addition to its collaborating brokers`: AETOS Capital Group (UK). AETOS Capital Group (UK) Limited, or AETOS UK, is a wholly owned subsidiary of AETOS Capital Group, providing fast access to the . . .


Belarus' NBRB Registers Forex Broker Gerchik & Co.

27 Jun 2016, Belarus - SMN Weekly - National Bank of the Republic of Belarus (NBRB) said on Friday it has included forex brokers Alpari Eurasia, a unit of international group Alpari, and Gerchik &Co. to its register of forex companies authorized to operate in the country. The NBRB added both entities to the register on 23 June, 2016. In Belarus, acquiring a registration with the central bank is the equivalent to acquiring an authorization or a . . .


KROUFR Adds YouTradeFX to Black List

23 Jun 2016, Russia - SMN Weekly - Russia's KROUFR, the self-regulatory organization (SRO) of the forex brokers operating in the country has added the YouTradeFX forex broker to its blacklist. According to the publication on the SRO's website, it has many facts about dishonest activities of the forex broker. Furthermore, it claims to have a license ? C110008678 FSC Mauritius from the Financial Services Commission of island of Mauritius. This, . . .


Trading212 Integrates Tradebird's Social Charts in its Trading Platform

22 Jun 2016, Sofia, Bulgaria - SMN Weekly - Trading 212, an EU-regulated forex broker, announced it has integrated the social charts of its recently launched Tradebird crowdsourced news platform into its eponymous trading platform. This, according to the company, will allow traders to see what their peers are saying and doing on the chart in real time. The new feature will bring the social network element to the charts by displaying the avatars . . .


GMO CLICK Securities Unveils Internet TV Investment Channel For Traders

22 Jun 2016, Tokyo, Japan - Finance Magnates - GMO CLICK Securities' new Internet TV aided by synergy with Daiwa Securities. One of the leading retail FX brokerages worldwide by volume, Japan-based GMO CLICK Securities, today announced the launch of its GMO Click TV Investment Channel, set to go live July 12, 2016, as per an official update translated from Japanese. The deal was structured based on an agreement made in April 2016 with a subsidiary . . .


HotForex is Granted a Financial Service Provider License by the Financial Services Board (FSB) of South Africa

21 Jun 2016, Johannesburg, South Africa - PRNewsWire - The HotForex brand has now been officially licensed by the Financial Services Board (FSB) of South Africa, Solidifying its commitment to offering clients the highest levels of security. The HF Markets Group has announced today that, in addition, to existing licenses and regulation from the Financial Services Commission (FSC) of Mauritius, the Financial Services Authority (SVGFSA) of Saint . . .


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.


IronFX Continues Rebranding Effort, Launches FXGiants Under FCA Subsidiary

20 Jun 2016, London, UK - Finance Magnates - IronFX is continuing its rebranding by launching the FXGiants brand under its UK subsidiary regulated by the FCA. IronFX has continued its rebranding effort after launching the FXGiants brand in Australia earlier this year. The brand of the Cyprus based company has suffered greatly in recent quarters due to multiple complaints around online forums alleging that the firm has been withholding withdrawal requests.


Israeli Markets Watchdog Rejects Yet Another Broker, iTraderFX

19 Jun 2016, Jerusalem, Israel - Finance Magnates - Clients of iTraderFX in Israel are requested to close all positions by Thursday, July 14th. The Israeli Security Authority (ISA) revealed today that it has rejected the licensing application of iTraderFX. This brings the number of firms remaining in the process of acquiring permission to operate in the country to just ten less than half of the 21 that started.


Bank of Russia Licensed TeleTrade Facing Police Fraud Charges

17 Jun 2016, Moscow, Russia - Finance Magnates - After years of operation, Russian brokerage TeleTrade is facing fraud charges on embezzling of hundreds of millions of rubles. Following up on Finance Magnates reports last week that the offices of TeleTrade have been raided by local law enforcement authorities, this morning Russian authorities have confirmed that a major forex brokerage is facing fraud charges. According to information agency RIA . . .


FXTM Publishes Trading Servers' Statistics, Providing Full Transparency for Clients

15 Jun 2016, Limassol, Cyprus - PRNewsWire - Statistics reveal excellent trading conditions & exemplary customer service. Global award-winning forex broker, FXTM, has taken another step towards satisfying the market's demand for full trading transparency by publishing its trading and customer service statistics on its website. . . .


IronFX Excluded from UCRFIN over Non-Payment of Membership Fees

15 Jun 2016, Kiev, Ukraine - Finance Magnates - The UCRFIN membership of IronFX has effectively been suspended by the self-regulatory organization. Ukrainian self-regulatory organization (SRO) of forex and CFDs brokers UCRFIN has announced that its membership of Cyprus headquartered brokerage IronFX has been suspended. After being a member for two years, the company has failed to make due payments of its membership fee. The announcement has been . . .


Belize's IFSC Warns of Trade24 Using a Fake License

14 Jun 2016, Belize - SMN Weekly - Belize's regulator, the International Financial Services Commission (IFSC), has published a warning that the TRADE24 Investments Ltd. forex broker is falsely claiming it has a Belize license. Furthermore, the IFSC notes, the Licence No. IFSC/60/350/TS/15-16 carrying its name and purporting to be signed by Mrs. Neri J. Matus, the Director General of International Financial Services Commission of Belize and . . .


Belarusian Central Bank Blocks Access to Local LiteForex and Weltrade Sites

13 Jun 2016, Belarus - SMN Weekly - The Belarusian National Bank and the Ministry of trade have blocked the user access to the local websites of the forex brokers LiteForex (www.liteforex. by) and Weltrade (by. weltrade.com), while the site RoboForex. by has been down for a while, reports the Russian-language site Finance Magnates. At the same time the Belarusian site of another forex broker MTrading (by. mtrading.com) redirects to the Russian . . .


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 . . .


Moscow Offices of TeleTrade Visited by Russian Special Police

8 Jun 2016, Moscow, Russia - Finance Magnates - The premises of TeleTrade in Moscow have been raided in the presence of special police force unit OMON. Yesterday the Moscow offices of TeleTrade were raided by Russian special police forces OMON. Aside from the Bank of Russia regulated brokerage, the offices of another brokerage firm, STForex, were also visited. There is no known connection between the events at this stage with the website of . . .


Currency Mountain Holdings Controlled Nukkleus to Acquire IronFX

7 Jun 2016, Australia - Finance Magnates - A previously dormant company listed on OTC Markets is becoming a multi-brand holding focused on forex and CFDs trading. Currency Mountain Holdings has become the owner of a larger holding company that is setting its sights on controlling multiple brands in the retail foreign exchange space, the owner of the company Emil Assentato has confirmed to Finance Magnates. Emil Assentato said that he controls at . . .


Vinson Financials Renounces CySEC CIF License

7 Jun 2016, Nicosia, Cyprus - LeapRate - The Cyprus Securities and Exchange Commission (CySEC) today announced that, on 23rd May 2016, Forex broker CIF Vinson Financial Ltd, which provided investment services via the domain vinsonfinancials.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the 'Law'). Therefore, the authorization with ?umber . . .


ADS Securities Expands to Full-service Brokerage in Hong Kong with SFC Type 1 & 2 Licenses

7 Jun 2016, Hong Kong - LeapRate - ADS Securities, the Abu Dhabi-based international financial services firm, has announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses permitting the company to deal in both securities and futures contracts, ADS Securities Hong Kong Limited will expand its business from pure FX to a . . .


IronFX and FXDD Merger the Filing, the Valuation, and the Deal Structure

6 Jun 2016, Floriana, Malta and Limassol, Cyprus - LeapRate - Further to our exclusive coverage of the planned merger between leading retail forex MT4 brokers IronFX and FXDD, LeapRate has learned some more details regarding the plans, as well as the regulatory filing we alluded to in our earlier article. And, the identity of the public company which will be part of the reverse takeover, allowing the merged entity to trade on NASDAQ.


Bank of Russia Denies Forex Broker Licenses to Alpari and Forex Club

3 Jun 2016, Moscow, Russia - SMN Weekly - Russia's financial megaregulator, the Bank of Russia has denied forex broker license to the two largest forex brokers in terms of trading volume in 2015 in the country Alpari and ForexClub. In two separate official statements with identical wording on its site, dated June 2, the central bank said it has decided to deny license for professional participant in the stock market and activities as forex dealer . . .


Saxo Bank to Close Offices in Russia, Poland and Greece

2 Jun 2016, Hellerup, Denmark - SMN Weekly - The Danish investment services and retail forex broker Saxo Bank is planning to close its offices in Russia, Poland and Greece, reports the Russian-language site Forex Magnates, which got confirmation from Saxo Bank's PR department. "Saxo Bank changes it geographical presence in Russia, Greece and Poland," the broker's PR office told the site. "Many of our clients are already being serviced by our . . .


New Zealand Deregisters Solidary Markets NZ

2 Jun 2016, Auckland, New Zealand - SMN Weekly - New Zealand's business ministry issued on Wednesday a notice about the removal of forex brokers Solidary Markets Nz Ltd. , Sumo Forex Ltd. , and Tigerwit Prime Ltd. together with another 50 entities and individuals, from the Financial Service Providers Register (FSPR) of investment service providers authorized to operate in the country. The decision for the deregistration of Solidary Markets was . . .


Turkish Forex Broker Ekinciler Yatirim Menkul Rebrands, Becomes Market Maker

2 Jun 2016, Istanbul, Turkey - SMN Weekly - Turkish forex broker Ekinciler Yatirim Menkul (Ekinciler Investment and Securities) has been renamed Reel Kapital Menkul Degerler AS and will re-launch operations under a new brand KapitalFX. The broker has also changed its license from the Capital Markets Board (CMB) of Turkey to market maker after hiking its capital to TRY 30 million ($10. 2 million), which is the minimum required for such a license.


Smurfit Kappa and CMC Markets Welcome Inclusion In FTSE 250 Index

2 Jun 2016, London, UK - London South East - Irish packaging company Smurfit Kappa Group PLC and online trader CMC Markets PLC on Thursday both welcomed their respective inclusions in the FTSE 250 index following the latest quarterly review. The pair will start trading in the mid-cap index on Monday, June 20. "We expect our inclusion in the FTSE AllShare to provide an incremental benefit to our shareholders. Over time, our new dual listing . . .


Darwinex Offers Execution Quality Reports for Live Accounts

1 Jun 2016, London, UK - SMN Weekly - Online social trading platform and broker Darwinex has introduced an Execution Quality section where traders can find execution reports for each account, the broker said earlier this week. The feature is only available to traders with live trading accounts. Execution reports contain data for each trade, such as prevailing bid and ask price at a certain time, execution speed (in ms), and slippage. Data is . . .


Phillip Capital Inc. to Discontinue Retail Forex Offering Due to SEC Notice

1 Jun 2016, Chicago, IL, USA - PRNewsWire - "Phillip Capital Inc. (PCI), the Chicago based member of the PhillipCapital Group of Companies ("PhillipCapital Group"), will cease to offer retail forex trading to customers beginning June 1, 2016. This announcement comes in response to a Securities and Exchange Commission ("SEC") release (dated May 20, 2016) prohibiting any SEC broker dealer from offering retail forex to customers effective July . . .


Colmex Buys Out Smart Capital as Israeli Market Consolidates

1 Jun 2016, Limassol, Cyprus - Finance Magnates - As expected, the Israeli forex industry is consolidating due to the new high capital requirements. As Finance Magnates continues to report recently, the Israeli retail online trading market is undergoing considerable change with many firms looking for a way out due to the new harsh regulations in the country. Today we can reveal that Smart Capital is also about to cease operations as an independent . . .


Canadian Securities Regulator Issues Warning about AvaTrade

31 May 2016, British Columbia, Canada - British Columbia Securities Commission - Ava Trade Ltd. claims to be a regulated on-line broker, based in the British Virgin Islands. We became aware of a recent advertisement placed by Ava Trade Ltd. in British Columbia (BC). Ava Trade Ltd. is not registered to trade in, or advise on, securities or exchange contracts in BC. We urge BC residents to exercise caution when dealing . . .


iForex Shuts Israel Operation

31 May 2016, Israel - LeapRate - Israel based retail forex broker iForex has posted a notice on its website serving customers in its home country (see above) that it has decided to pull its Forex broker license application in Israel, and to terminate its brokerage operations in the country effective immediately. iForexClients of iForex. co. il , operated by Clio Financial Trading Ltd. , can no longer open any new positions but can close existing positions.


Research Shows Money Partners Offers the Lowest Foreign Currency Exchange Cost in Japan

30 May 2016, Tokyo, Japan - JF Today - A Japanese Forex broker, Money Partners announced that it has proven that the company's foreign currency exchange service offers the lowest exchange cost in Japan according to Yano Research. The broker was selected as No. 1 company offering the lowest exchange cost for the second consecutive year. The research was conducted on 167 companies providing foreign currency exchange service and Money Partners and . . .


SFC Reprimands and Fines Guotai Junan Securities(Hong Kong) Limited $1.3 Million

30 May 2016, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) has reprimanded and fined Guotai Junan Securities (Hong Kong) Limited (Guotai Junan) $1. 3 million for non-compliance with the regulatory requirements in relation to ascertaining client identity (Note 1). In July 2014, the SFC requested Guotai Junan to provide details of the ultimate clients of certain transactions it . . .


Best Islamic Forex Broker Award Presented to ADS Securities

28 May 2016, Amsterdam, Holland - AtoZ Forex - Earlier this year, AtoZ Forex held a global poll to identify this year's Best Forex Brokers. In an exciting run towards the final day of the global online poll, a total of over 920. 000 votes from over the world have distinguished this. From the many nominees, ADS Securities Group receives two Forex awards this year. Over 40. 000 votes named ADS Securities Group as the Best Islamic Broker, and . . .


CySEC Withdraws License of Trademarker (Cyprus) Ltd (skyfx.com)

27 May 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission ('CySEC') announces that, on its meeting of 25th April 2016, has decided, pursuant to sections 25(1)(b),(c) and 26(4)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force ('the Law'), to wholly withdraw the Cyprus Investment Firm authorization with number 151/11 of Trademarker (Cyprus) . . .


CySEC Suspends License of UBFS Invest

27 May 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission announces that, following a decision in the meeting dated 23 May 2016, the authorisation of the Cyprus Investment Firm 'UBFS Invest powered by Moneychoice Brokers Ltd', with number 239/14, is suspended, pursuant to section 26(2) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force ('the . . .


Russia's KROUFR Adds Forex Brokers Vomma and DartTrader to Black List

26 May 2016, Russia - SMN Weekly - Russia's commission for the regulation of relations on financial markets KROUFR issued on Wednesday a warning notice regarding its decision to blacklist forex service providers Vomma and DartTrader, both of the same origin, for not allowing clients to withdraw their funds. The founders of both Vomma, www.vomma. org, and DartTrader, www.darttrader.com/ru, are affiliated with A&P Financial Group, www.apfinance.


Newly Licensed TeleTrade Group Joins Russian SRO AFD as Member

25 May 2016, Russia - SMN Weekly - Russian forex brokerage TeleTrade Group was accepted on Tuesday as a member of the Association of Forex Dealers (AFD), a self-regulatory organization (SRO), the broker said on Tuesday. The broker received earlier this month a forex broker license from the Central Bank of Russia (CBR), becoming one of three entities to obtain such a license. Under the laws, licensees are required to join a SRO in their industry . . .


Offshore Broker Axiory Global Adds cTrader Trading Platform to Offering

25 May 2016, Belize City, Belize - The Forex Review - Offshore forex broker Axiory Global has made available to its clients a new trading platform cTrader, the broker said last week. The broker offers straight through processing (STP) and communication network (ECN) models for operation via the cTrader with no-spread accounts. cTrader, developed by UK-based financial technology company Spotware Systems, provides full STP access to the forex market.


AFX Capital Rebrands as AFX Group and Segments its Quantic and STO Offerings

25 May 2016, Limassol, Cyprus - Finance Magnates - AFX Group is the new trading name for AFX Capital after its latest rebranding. The online brokerage company AFX Capital has renamed itself AFX Group as part of its longer-term plan to scale its business under a corporate umbrella structure which includes multiple entities regulated in jurisdictions such as the U. K. and Cyprus, as per a company announcement.


Saxo Bank Announces Landmark Partnership with Lufax

24 May 2016, Hellerup, Denmark - Saxo Bank Press Release - Saxo gathers momentum in Greater China with second partnership of the year. Saxo Bank, the online multi-asset trading and investment specialist, has today announced a new white label partnership with Lufax, China's largest internet finance company. The partnership, expected to launch within the next three months, will see Lufax leverage the trading technology that underpins the . . .


Forex Broker LiteForex Opens Office in Nigeria's Port Harbour

24 May 2016, Port Harcourt, Nigeria - SMN Weekly - Offshore forex brokerage LiteForex opened on Monday a brand-new office in Nigeria's Port Harcourt. The office is located on 321, Port Harcourt/Aba Expressway oppt. R. T Briscoe Nig. Plc, with working hours between 0900 am and 0400 pm GMT+1 on weekdays. Last month, the broker opened an office in Georgia's Tbilisi. LiteForex, set up in 2005, is a brand of LiteForex Investments Ltd. , which is . . .


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 . . .


Tradeworks Signs up Monex Investindo as its Distribution Partner in Indonesia

23 May 2016, Jakarta, Indonesia - LeapRate - LeapRate has learned that financial market trading technology provider Tradeworks has signed up PT Monex Investindo Futures (Monex), the leading forex broker in Indonesia, to an exclusive distribution partnership for the Indonesian retail FX market. Under the agreement, Monex will offer the Tradeworks trade automation platform to their client base in Indonesia. Following a period of internal training . . .


DMM FX Australia to Close Doors this Summer

20 May 2016, Sydney, Australia - Finance Magnates - After the company failed to establish its brand beyond Japan, the Australian operations of DMM FX are closing. The second largest retail foreign exchange broker by volume, DMM FX, has decided to close its operations in Australia. The company has been active on the Australian market for less than three years after launching in October 2013. After some questionable decisions last year, when the . . .


Orbex Awarded The 'Best Education Provider 2016'

19 May 2016, Limassol, Cyprus - Orbex - Orbex wins the 'Best Education Provider 2016' award, confirming its leading status in forex education. Orbex has won a prestigious award the 'Best Education Provider 2016' by authoritative online analytical portal FXDailyInfo. The award came as a result of the open voting, that took place during the March-April 2016. We would like to express our sincere gratitude to traders and investors, who considered . . .


HotForex Wins the 'Best Broker for News and Analysis' Award

19 May 2016, Port Louis, Mauritius - PRNewsWire - Online forex broker HotForex has been recognised at the prestigious MENA Forex Show Awards for its exemplary market news and analysis service, winning the title 'Best Broker for News and Analysis'. HotForex is honoured to have been recognized for its Market News and Analysis service at the 16th MENA Forex Show in Dubai. . . .


FXDD Global Becomes First International FX Broker to Offer Investors Access to RoboX

19 May 2016, Floriana, Malta - Tradency - FXDD Global brings RoboX, a new, dynamic trading machine to self-directed and institutional investors. Tradency, a pioneering financial technology provider, focusing on B2B product development and advanced services for retail investors and traders, and FXDD Global, a leader in international online foreign exchange trading, today announced the launch of RoboX, a new and exciting smart trading machine . . .


FxPro Introduces MT4 Account with Market Execution and Lower Spreads

18 May 2016, London, UK - PRNewsWire - Following the expansion of its product range, online broker FxPro is now expanding its range of trading accounts by introducing MT4 with market execution. This account type and its demo version are available to all registered clients as of today, May 18. With this account, FxPro is also introducing the lowest spreads ever . . .


Teletrade Becomes Second Broker to Obtain Russian Forex Broker License

13 May 2016, Moscow, Russia - SMN Weekly - Forex brokerage TeleTrade Group said on Thursday it has received a license to operate as a forex broker from the Central Bank of Russia (CBR). This is the second Russian forex broker license after in December 2015 Finam Forex, part of Finam Group, became the first one to obtain such a license. Since 1 January this year, Russia-based forex brokers are not allowed to target local citizens, unless they have . . .


Russia's CBR Grants Forex Broker License to TrustForex, Rufuses to License Profit Broker

13 May 2016, Moscow, Russia - SMN Weekly - The Central Bank of Russia (CBR) has granted forex broker license to TrustForex, while refusing license to Profit Broker, according to data published on the bank's website. Meanwhile, TeleTrade Group announced it has also obtained a Russian forex broker license. The decisions were voted on 12 May, 2016. The CBR did not explain why it has decided to refuse license to Profit Broker. So far, Finam Forex was . . .


Russia SRO CRFIN Blakclists KSF Trade, EU Broker Age

12 May 2016, Moscow, Russia - SMN Weekly - Russian self-regulatory organization (SRO) for over-the-counter (OTC) financial instruments CRFIN said on Wednesday it has included two more forex brokers to its black list EU Broker Age and KSF Trade. The two entities falsely present themselves. Although EU Brokerage provides no information on its website regarding authorization, when contacted by potential customers and asked for information the broker . . .


IKON Australia Agrees with ASIC to Separate Overseas Client Funds From its AFS License

11 May 2016, Sydney, Australia - ASIC Media Release - Following concerns raised by ASIC, retail over-the-counter (OTC) derivative issuer Ikon (Australia) Pty Ltd (AFSL No. 416279) (Ikon) has agreed to separate client money held in compliance with its obligations under the Corporations Act, from money held for overseas investors, which is not associated with financial services provided under its AFS licence. Ikon's current business . . .



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Tickmill Wins Two Prestigious Awards at the 2016 China Forex Expo

22 Apr 2016, Mahe, Seychelles - PRNewsWire UK - Global ECN broker Tickmill is proud to earn recognition from the prestigious 2016 Chinese Forex Expo for its market-leading efforts as a customer-friendly company that . . .


LMAX Exchange Named to The Leap 100 List for 2016 of Most Exciting, Fastest Growing UK Companies

21 Apr 2016, London, UK - LeapRate - It is always exciting when a member of the electronic Forex trading world is recognized outside of FX for positive achievements. lmax-exchangeFCA regulated multi-asset exchange (MTF) LMAX . . .


Financial Commission Announces Starfish FX as Latest Member Firm

21 Apr 2016, Hong Kong - Financial Commission Press Release - FinaCom PLC, operator of FinancialCommission. org, a neutral mediator serving the online foreign exchange and binary options industry, announces today its . . .


FxPro Wins 'Best FX Provider' at the 2016 City of London Wealth Management Awards

21 Apr 2016, London, UK - PRNewsWire - FxPro is pleased to announce that it has received the 'Best FX Provider' award at the 2016 City of London Wealth Management Awards, making this the third year in a row that we accept . . .


Forex Club Unit, Open Investments Becomes the First Belarus-registered Forex Broker

20 Apr 2016, Belarus - The Forex Review - Financial Company Forex Club, a unit of Russian-based forex brokerage group Forex Club, and its peer Open Investments have acquired status as Belarus-registered forex brokers, data . . .


Saxo Bank Boosts Greater China Opening and Announces Extensive Strategic Fintech Partnership

19 Apr 2016, Hellerup, Denmark - Saxo Bank Press Release - Saxo Bank announced today a tri-party agreement between Saxo Bank, Wallstreet CN and LeanWork which will significantly bolster Saxo Bank's presence in Greater . . .


International Finance Magazine Hails ForexMart as Best New Broker in Europe

19 Apr 2016, Limassol, Cyprus - PRNewsWire UK - The International Finance Magazine (IFM) has recognized ForexMart as this year's Best New Broker in Europe. This proves to the world of foreign exchange that ForexMart's . . .


Belgian FSMA Issues Warnings Against GCI Financial, MXTrade and Others

18 Apr 2016, Brussels, Belgium - Belgian Financial Services and Markets Authority - The Financial Services and Markets Authority (FSMA) once again warns the public against the activities of various companies operating . . .


CFTC Announces Additional Names, Including Land FX and Forex Broker Inc. to Its List of Foreign Entities that Illegally Solicit U.S. Residents

18 Apr 2016, Washingon, DC, USA - CFTC - Registration Deficient (RED) List on CFTC website Identifies companies operating illegally without being registered. As part of the U. S. Commodity Futures Trading Commission's . . .


ForexTime Limited Officially Opens its Doors in London

18 Apr 2016, London, UK - FXTM - On April 18, 2016, ForexTime Limited (FXTM) has officially opened a fully operational division in the UK! As part of FXTM's natural and rapid growth over the last few years, this . . .


CySEC Revokes CIF License of Falcon Brokers After its Prior Suspension

18 Apr 2016, Nicosia, Cyprus - Finance Magnates - A dreary end for the CySEC license of Falcon Brokers after its suspension. The Cyprus Securities and Exchange Commission (CySEC) today announced a decision that it made on . . .


FxPro Adds MT4 Web to Offering

16 Apr 2016, London, UK - LeapRate - Retail FX and CFD broker FxPro announces that as of today traders may log into their MT4 account(s) via the new MT4 Web Terminal from MetaQuotes. The MT4 Web Terminal offers much of the . . .


Gain Capital Merges Australian Forex Business Under City Index Brand

14 Apr 2016, Australia - SMN Weekly - Gain Capital (NYSE:GCAP) the second-largest US forex broker in terms of trading volume and client deposits, announced its plans to consolidate its Australian retail forex and CFD business . . .


ATC Brokers Reaches Settlement with Ex-Client as Bankruptcy is Dismissed

14 Apr 2016, Los Angeles, CA, USA - Finance Magnates - Settlement reached as bankruptcy is dismissed for Avail Trading Corp (ATC). Following a series of events that led California-based introducing broker (IB) Avail Trading . . .


FinTech and Social Trading Pioneer ayondo Aims for Singapore Listing

13 Apr 2016, Singapore - ayondo - Ayondo could be first FinTech company to be listed on SGX via an RTO. When completed, new group offers a combined value of at S$210 million including fresh capital. SGX listing will provide an . . .


Offshore Broker FreshForex to Switch Fully to Market Order Execution Mode

12 Apr 2016, Villa, St. Vincent and the Grenadines - SMN Weekly - Offshore forex broker FreshForex said on Monday it has decided to cancel all requotes and to transfer all client accounts from instant execution to market . . .


Rakuten Securities to Set up Online Trading Platoform with Kenanga Investment Bank in Malaysia

12 Apr 2016, Malaysia - SMN Weekly - Rakuten Securities, the Japanese multi-asset broker, announced it has signed a joint venture contract with Malaysia's Kenanga Investment Bank Berhad (MYX:6483) to set up the first pure . . .


The FBS Russia Website is Unreachable, Broker will Apply for Russian License

12 Apr 2016, Moscow, Russia - SMN Weekly - The Russian website of the offshore forex broker FBS, www.fbs. ru, has been unreachable for a while and, according to reports of the Russian-language website Forex Magnates, the . . .


RoboForex Offers MT4 MultiTerminal Trading Platform

12 Apr 2016, LImassol, Cyprus - Gold News - Cyprus-based automated forex broker RoboForex has made available MetaTrader 4 (MT4) MultiTerminal trading platform to its clients, enabling them to trade via as many as 128 accounts . . .


Fidelity Asia Bank (Fab) and Saxo Bank Announce New White Label Partnership

11 Apr 2016, Hellerup, Denmark - Saxo Bank Press Release - Fidelity Asia Bank (Fab), a well-consolidated and fast growing off-shore subsidiary of Fidelity Bank Ghana and Saxo Bank, the online multi-asset trading and . . .


HotForex Launches a Brand New Forex Trading App

11 Apr 2016, Port Louis, Mauritius - PRNewsWire UK - The innovative HotForex App, built in-house by HotForex's team of developers, puts a wealth of information at the fingertips of traders on-the-go. HotForex, the . . .


IG and CMC Markets Continue to Lead Crowded Australia Retail Forex Market

8 Apr 2016, Australia - LeapRate - Australia-based research firm Investment Trends has recently published a retail FX report for its home market. The Investment Trends 2015 Australia Foreign Exchange Report is based on a . . .


eToro Tightens Popular Investor Requirements

7 Apr 2016, Limassol, Cyprus - SMN Weekly - The Israeli forex broker and social trading platform developer eToro announced a major update tightening the requirements for its Popular Investor social trading program. Their main . . .


Admiral Markets Wins FxCuffs Competition Second Year Running

7 Apr 2016, Talinn, Estonia - Admiral Markets Press Release - For the first time ever, one broker has won the Forex FxCuffs competition twice in a row. "Admiral Markets is the only broker to achieve this record," said . . .


Atlas Capital Financial Services (ACFX) License Suspended by CySEC

7 Apr 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission ('CySEC') announces that the authorisation of the Cyprus Investment Firm 'Atlas Capital Financial . . .


CySEC Withdraws CIF License of CommexFx Ltd

6 Apr 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission ('CySEC') announces that, on its meeting of 25th July 2016, has decided, pursuant to section 25(1), . . .


AvaTrade Sets up Israeli Unit to Meet Local Regulatory Changes

6 Apr 2016, Israel - SMN Weekly - Forex and contracts for difference (CFDs) online broker AvaTrade has established a new subsidiary to take charge of its business and clients in Israel, online finance media LeapRate reported . . .


FSB Warns Against Forex Broker TradingBanks

5 Apr 2016, Pretoria, South Africa - South Africa Financial Services Board - The Financial Services Board (FSB) warns the public against conducting financial services business with TradingBanks domiciled in British Virgin . . .


TradeKing to Be Acquired by Ally Financial for $275 Million

5 Apr 2016, Charlotte, NC, USA - Finance Magnates - GAIN Capital's partner, that acquired the book of MB Trading last year, is being acquired by Ally Financial. Broker-dealer TradeKing is being acquired by financial services . . .


Spain's CNMV Adds BelforFX to its Warning List

4 Apr 2016, Madrid, Spain - CNMV (Spain) - CNMV warns the public on unregistered firms. Pursuant to the second paragraph of Article 17 of the Securities Markets Law (recast approved by Royal Legislative Decree 4/2015, of . . .


Amana Capital Obtains License to Operate in the Dubai International Financial Center (DIFC)

4 Apr 2016, Dubai, UAE - Amana Capital - Amana Capital today announced that it has obtained a license from the Dubai Financial Services Authority (DFSA) and launched the operations of its new subsidiary, Amana Financial . . .


Varengold Bank to Close its Capital Markets Brokerage Segment

3 Apr 2016, Hamburg, Germany - Finance Magnates - The long-standing German Forex company is shutting down its capital markets division to focus on its bank and prime brokerage. The long-standing Forex brokerage under the name . . .


RoboForex Receives Expanded CySEC License, Offers New Product

3 Apr 2016, Limassol, Cyprus - Finance Magnates - Extended offer accommodates copy trading and RAMM solutions both for clients and partners. RoboForex, the foreign exchange brokerage, has announced the CySEC license expansion . . .


Weltrade Raises Max Leverage to 1:1000

1 Apr 2016, Belmopan, Belize - The Forex Review - The offshore forex broker Weltrade announced it has doubled the maximum leverage to 1:1000 for all trading accounts, except the ZuluTrade social trading accounts. Previously . . .