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Latest Forex Regulation News


View below the most current forex regulation news from forex regulatory authorities around the world. 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 and up to date information on forex brokers and forex regulatory issues.

US Court Issues $22.9 Million Fraud Judgement against IKON Global Markets

30 Aug 2017, Chicago, IL, USA - LeapRate - LeapRate has learned from court documents that about two weeks ago a US judge in Illinois entered a $22. 9 judgement in favor of several plaintiffs which had sued Retail Forex broker IKON Global Markets for fraud, as well as its former principals Diwakar Jagganath, Ioannis Litinas and George Daskaleas. IKON Global Markets was the NFA-licensed subsidiary of the IKON Finance group, controlled by Turkish . . .


Belize IFSC Issues Warning Regarding FX Broker GNTFX

30 Aug 2017, Belmopan, Belize - LeapRate - Belize financial regulator IFSC has issued a number of Warning Notices regarding several Retail Forex and Binary Options brokers. The IFSC noted that an entity calling itself 'Binary/Forex Trade' affiliated with 'James Emiliev' with address, Front Street, Spring City, Nashville Tennessee is falsely and fraudulently representing to hold an Expert Advisor / Consultancy / Advisory Services for Trading in . . .


TigerWit Secures Financial Services Licence from Securities Commission of The Bahamas

29 Aug 2017, Nassua, The Bahamas - PRNewsWire - TigerWit Group, the financial technology company, has announced its subsidiary, TigerWit Financial Services Limited, is now authorised and regulated by the Securities Commission of The Bahamas (SCB). The Broker-Dealer licence granted to TigerWit gives the company permission to deal as agent and principle, arrange and advise in securities including CFDs in Forex, indices, commodities and metals . . .


Offshore Retail FX Broker NetoTrade gets Warning from Swiss Regulator FINMA

29 Aug 2017, Bern, Switzerland - LeapRate - Swiss financial regulator FINMA has issued a statement adding unlicensed offshore Retail FX broker NetoTrade to its public Warning List. This follows a similar warning against NetoTrade made earlier this summer by Spanish regulator CNMV. FINMA didn't list any details or reasons for placing NetoTrade on its warning list. Typically, FINMA takes such action if it is informed that an unlicensed broker has . . .


Russian Antimonopoly Authorities Target Yandex over Illegal Forex advertising

29 Aug 2017, Moscow, Russia - FinanceFeeds News - The advertisement included text like "Forex online" and "binary options", whereas the company behind the advertised services lacked the necessary license from Russia's central bank. Advertising of Forex services in Russia and the involvement of the Federal antimonopoly service (FAS) in the process of monitoring the Forex market are two of the developing matters for the Russian FX industry.


AvaTrade to Pay Belgian Regulator a Total of 375,000 Euros

23 Aug 2017, Brussels, Belgium - Belgian Financial Services and Markets Authority - The agreed settlements consist of a payment of EUR 175,000 by AVA TRADE EU Ltd and publication by name on the website of the Financial Services and Markets Authority (FSMA). AVA Trade EU Ltd has offered CFDs in Belgium under the freedom to provide services; iCFD Ltd has, also under the freedom to provide services, offered CFDs and binary options in Belgium. For . . .


Australia's ASIC Warns against Broker BBB Markets and Others

22 Aug 2017, Canberra, Australia - AtoZ Forex - The Australian regulator committed to protecting the public from any scams and frauds in the financial market. In the latest Australia ASIC Brokers warning, the regulator has exposed a new set of suspicious brokers and financial firms. The Australian Securities and Investments Commission (ASIC) has issued a warning in regards to a number of online trading and wealth management companies. The . . .


Russia's CCI Recommends Amendments to Proposals Affecting Foreign FX Websites

21 Aug 2017, Moscow, Russia - FinanceFeeds News - The Chamber of Commerce and Industry recommends that the Bank of Russia takes into account websites misleading not only the clients of a given business but also of all individuals and entities that interact with a business providing misleading information. A follow-up to FinanceFeeds' earlier article about the Russian authorities having published a bill that may result in the blocking of the access . . .


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 . . .


Belize's IFSC Warns Against TrineMarkets over False Regulatory Claims

11 Aug 2017, Belmopan, Belize - Finance Magnates - TRINEMARKETS is not registered nor licensed by the regulator of Belize to engage in trading business. Belize's financial watchdog (IFSC) ?today warned investors that Trine Markets Group Ltd, which operates under the trading name TrineMarkets, is falsely claiming to hold International Business Company registration in Belize while not actually licensed by the commission ?or any other competent . . .


Israel Binary Options Law Changed to Allow Unlicensed Forex and CFD Trading

1 Aug 2017, Jerusalem, Israel - LeapRate - News sources in Israel are reporting that the country's new legislation meant to outlaw all aspects of the Binary Options industry from operating in the country has been watered down from its original version. We had earlier exclusively reported that implementation of what's now known as the Israel Binary Options Law has been delayed to at earliest the end of January 2018. In hearings held yesterday in . . .


Israeli Watchdog Orders Interactive Brokers to Stop FX Trading

1 Aug 2017, Jerusalem, Israel - Finance Magnates - The move by the ISA shows it intends to keep Israeli traders from accessing brokers that are not locally regulated. The Israeli Securities Authority (ISA) has just announced it has ordered Interactive Brokers LLC to stop offering forex trading in Israel as it does not have the needed ISA license.


Japan Leads the Way by Regulating Forex Trading in Bitcoin

1 Aug 2017, Tokyo, Japan - Easier Finance - It looks like Japan may have just gotten a lead in the global race of exchange markets by passing legislation earlier this year that would allow for Bitcoin to be traded in its forex market, alongside dollars and yen. Could this be just the start for the digital currency that seems set on changing the rules of the game?


CySEC Fines Head of UBFS Invest 10 000 Euros

28 Jul 2017, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Board of the Cyprus Securities and Exchange Commission ('CySEC') would like to inform the public that, at its meeting held on 26 June 2017, decided to impose an administrative fine of 10. 000 to Mr. Charalambos Kiritsis for non compliance paragraph 9(1) of CySEC Directive DI144-2007-01 of 2012 for the Authorisation and Operating Conditions of CIFs ('the Directive') . . .


FCA Warns against HBC Broker

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: . . .


Z.COM Receives Licenses for Securities Business in Thailand

17 Jul 2017, Thailand - Finance Magnates - The operator of the largest retail FX brokerage in Japan is venturing into the Thai market. Z. Com Securities, a subsidiary of GMO Internet group, has successfully received the license for its online securities brokerage company in Thailand. The Securities Exchange Commission (SEC) of Thailand has granted the company a Type-A license for its securities business segment. An additional Type Sor-1 license . . .


Russia gets Closer to Blocking Foreign Forex Brokers' Websites

14 Jul 2017, Moscow, Russia - FinanceFeeds News - Consultation opens on a new bill that aims to outlaw websites of financial services companies that illegally target Russian clients. As FinanceFeeds has earlier reported, the Russian regulators are slowly moving towards tackling the activities of financial services companies, including Forex brokers that target Russian clients without having the necessary regulatory permission. On Thursday, an . . .


Poland Unveils Plans to Limit Leverage on FX

13 Jul 2017, Warsaw, Poland - Finance Magnates - Polish regulatory authorities will be reducing leverage to a maximum of 1:25. Polish regulatory authorities have taken further aim at foreign exchange (FX) regulations, introducing new legislation to reduce leverage to a maximum of 1:25 as well a broader mandate to publicly alert investors to any unauthorized activity. The efforts reflect Poland's increased emphasis on protecting clients and placing . . .


ASIC to Add Reporting Requirements to Australia's New Retail Forex Client Money Law

11 Jul 2017, Canberra, Australia - LeapRate - Australia financial regulator ASIC has issued a consultation paper, asking for feedback on new proposed rules requiring brokers to reconcile and report all retail client money held on a daily, monthly, and yearly basis. Some backgroundAs we reported back in March, Australia's parliament recently passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client . . .


Israel's ISA Fine Real Forex $35,000

11 Jul 2017, Jerusalem, Israel - AtoZ Forex - The Israeli Securities Authority (ISA) has issued a fine for one of the Israeli Forex brokerages. The firm under the spotlight is Real Forex (RFX), which is one of the six brokers with a license to operate in Israel. The ISA has fined the firm NIS 125,000, which is equivalent to $35,000. The Israeli financial regulator has issued a penalty for Real Forex of $35,000 just today. According to the . . .


CySEC Slaps 195k Fine, Ban on Falcon Brokers Limited's Leadership

10 Jul 2017, Nicosia, Cyprus - Finance Magnates - An eighteen month investigation into Falcon Brokers Ltd. has concluded with its harshest penalties to date. The Cyprus Securities and Exchange Commission (CySEC) today concluded an eighteen-month investigation into Falcon Brokers Limited's operations. Consequently, the regulator has levied a 195,000 penalty on the directors of the FX brokerage, also calling for a ban of all integral personnel in . . .


NESSFX Parent Settles Multiple Violations with CySEC for 90,000 Euros

4 Jul 2017, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission (the "CySEC") would like to note the following: CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, has the power to reach a settlement for any violation or possible violation, act or omission for which there is reasonable ground to believe that it took place in violation of the . . .


Spanish Regulator CNMV Warns against Unregistered Forex Broker NetoTrade

3 Jul 2017, Madrid, Spain - AtoZ Forex - Spanish financial regulator, the National Securities Market Commission or Comisin Nacional del Mercado de Valores (CNMV) has issued a warning for investors. The Spanish watchdog has warned against a number of Forex brokers that appeared to target traders in the country. The regulator notes that brokers do not possess a license from CNMV.


Turkey Bans All Accounts and Trading with Foreign Retail FX Brokers

3 Jul 2017, Ankara, Turkey - LeapRate - LeapRate has learned that the Turkish government is issuing new regulations, which will make it illegal for Turkish residents to hold accounts or trade leveraged Forex or CFD products with foreign brokers not licensed by the country's Capital Markets Board (CMB). Turkey has been slowly tightening the screws when it comes to leveraged trading in general and FX speculation specifically.


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, . . .


AMF Warns Against Unregulated Forex Broker BoomForex and Others in France

28 Jun 2017, Paris, France - Autorite de Controle Prudentiel et de Resolution - The Autorite des marches financiers and the Autorite de controle prudentiel et de resolution warn the public against the activities of several websites and entities proposing forex investments without being authorised to do so. The AMF and the ACPR are publishing a list of new websites and entities offering investments on the unregulated foreign exchange (Forex) . . .


Bank of Russia Issues Instructions on Forex Brokers' Reporting

26 Jun 2017, Moscow, Russia - FinanceFeeds News - The document sheds lights on the necessary reports about annual shareholder meetings, provision of information about founders and directors, as well as revealing general details about a company. It has been more than two years since Russia's president Vladimir Putin signed the Forex law and, ever since, the volume of additional requirements and instructions concerning Forex companies has been rising.


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.


Russian Central Bank Shuts Down TeleTrade Russia Website

22 Jun 2017, Moscow, Russia - Finance Magnates - The Russian mega-regulator abruptly shut down the broker's website without any warnings. Just a couple of weeks after the official start of the regulated retail forex market in Russia, the Bank of Russia is flexing its muscles. Finance Magnates can confirm that the mega-regulator has exercised an unprecedented amount of power and closed down one of the websites of TeleTrade. TeleTrade. ru was shut . . .


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 . . .


The Financial Commission Launches Strategic Partnership with Verify My Trade

21 Jun 2017, Hong Kong - Financial Commission Press Release - Financial Commission, a leading external dispute resolution (EDR) organization, operated by FinaCom PLC, and serving the online forex and CFD brokerage industry, today announces the launch of a strategic partnership with Verify My Trade a third-party data repository that provides post-trade execution analysis on individual forex trades. Verify My Trade aggregates forex . . .


Bank of Russia will Block Overseas Unregulated Forex Websites

19 Jun 2017, Moscow, Russia - AtoZ Forex - Bank of Russia will block overseas unregulated Forex websites, according to the Deputy Head of the General Directorate of Security at CRB, Artem Sychev. This step follows the Russian Federal Anti-monopoly Service initiative to crack down on Unregulated Brokers in Russia. The Bank of Russia (CRB) is planning another significant step in relation to the Forex brokers from overseas. Meanwhile, a number of . . .


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.


Hong Kong's SFC Halts Activities of IDS Forex HK, Suspects Money Laundering

12 Jun 2017, Hong Kong - Hong Kong Securities and Futures Commission - The Securities and Futures Commission (SFC) today issued a Restriction Notice on IDS Forex HK Limited prohibiting the firm from carrying on all activities for which it is licensed, disposing of or dealing with any assets held by it or held on behalf of its clients, and assisting, counselling or procuring another person to dispose of or deal with any such property without . . .


CySEC Concludes Two-year Investigation into CommexFX, Fines 7 Employees 400,000 Euros

8 Jun 2017, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission ("CySEC") has today imposed a series of financial penalties on a number of directors and relevant persons of CommexFX Ltd (www.commexfx.com; the "Company"), and has banned multiple key persons of the Company from exercising professional activity related to the financial sector ("regulated activities") for a number of years.


Malta's MFSA Warns against ACFX

8 Jun 2017, Attard, Malta - SMN Weekly - The Malta Financial Services Authority (MFSA) has published a warning that Atlas Capital Financial Servivces, owner of the forex broker ACFX has been stripped of its Cyprus license by the CySEC. Accordingly, this means that the company is no longer authorized to provide investment and ancillary services and activities as an investment firm. "The Company is therefore no longer authorised to passport its . . .


Synergy Financial Markets Pty Ltd Pays $10,800 Penalty for Misleading Advertising

8 Jun 2017, Canberra, Australis - ASIC Media Release - Synergy Financial Markets Pty Ltd (Synergy) has paid a penalty of $10,800 after ASIC issued it with an infringement notice for false or misleading statements on its website. Synergy trades equities and derivatives on behalf of its clients through the operation of two managed discretionary accounts. Synergy stated several times on its website that investors who invest in . . .


Poland's KNF Warns Against CFD1000 Forex Broker

7 Jun 2017, Warsaw, Poland - SMN Weekly - Poland's financial markets and services regulator KNF has warned that the forex broker CFD1000 is not licensed to offer services in the country. The publication on the regulator's site is listed in the section "Notices on suspicion of committing a crime under Art. 178 of the Act on Trading in Financial Instruments", i. e. conducting brokerage activities without the permission of the Financial Supervision . . .


Belarus Central Bank Grants License to STForex

7 Jun 2017, Belarus - SMN Weekly - The Belarusian National Bank announced it has given forex broker license reported it has given a license to STF Capital, owner of the offshore forex broker STForex. With this, the number of licensed forex brokers in Belarus reaches 7, including the latest two additions STForex and Weltrade, which got its license in May and not counting Gerchik & Co. , which forsook its license and exited the Belarusian market.



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More Forex Regulation News

Financial Commission Announces STForex as Latest Approved Member

7 Jun 2017, 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 . . .


ASIC Warns of Trade12 Forex Broker

6 Jun 2017, Canberra, Australia - SMN Weekly - The Australian Securities & Investments Commission (ASIC) has added the Estonia-based forex broker Trade12 to its warning list of unlicensed entities. According to the regulator, . . .


Australia Looks to Root out Lower Capitalized FX Brokers with Strong New Ruling

5 Jun 2017, Canberra, Australia - FinanceFeeds News - The FX industry has been suffering from a lack of trust. This lack of trust is evident both between participants in the market and, at least as importantly, between the . . .


CFTC Starts Legal Action against Retail FX Broker Tallinex

5 Jun 2017, Washington, DC, USA - CFTC - CFTC charges Estonian company Tallinex with fraud and failure to register as a retail foreign exchange dealer and Nevada company General Trader Fulfillment with failure to register as . . .


CySEC Announces Partial Suspension of Xtrade Europe Ltd CIF License

30 May 2017, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Cyprus Securities and Exchange Commission ('CySEC') announces that the authorisation of the Cyprus Investment Firm Xtrade Europe Ltd ('the . . .


HollyFX is Now ILQ Australia's Corporate Authorised Representative

29 May 2017, Canberra, Australia - Finance Magnates - HollyFX, a China-focused MT4 broker offering forex, gold and CFDs, is part of Holly Group. ILQ Australia has welcomed Holly FX Australia as its Corporate Authorised . . .


Japanese Ministry of Finance Issues Warnings Against FBS

26 May 2017, Tokyo, Japan - Finance Magnates - Unlicensed foreign exchange trading are forbidden in Japan. The Japanese Ministry of Finance has targeted two companies from the industry with a client warning. The firms in focus . . .


ASIC Believe Australian Spot FX Brokers have Work to do to Comply with New FX Code of Conduct

26 May 2017, Canberra, Australia - LeapRate - ASIC released Report 525 Promoting better behaviour: Spot FX today. This report sets out ASIC's observations on key behavioural drivers of conduct arising from recent ASIC . . .


Malta MFSA Fines Retail Forex Broker BTFX 15,000 Euros

25 May 2017, Attard, Malta - Malta Financial Services Authority - On the 25 May 2017, the Malta Financial Services Authority ('the MFSA' or 'the Authority') has decided to impose an administrative penalty of 15,000 on . . .


Mauritius FSC Warning: VTB Trade Displaying Fake Broker License

25 May 2017, Ebene, Mauritius - Mauritius FSC - The Financial Services Commission, Mauritius (the "FSC Mauritius") would like to alert the public with regards to VTB Trade claiming to be an international company that . . .


Spanish Regulator CNMV Warns Against TradeV and Prime Fx Bank

22 May 2017, Barcelona, Spain - LeapRate - Spanish regulator CNMV just issued another warning today against the forex companies:Tradev Ltd. , operating at www.tradev.com website;DGX SYSTEMS LTD (PRIME FX BANK / PFXBANK), . . .


Trade24 Pops up on Another Warning List FINMA

22 May 2017, Bern, Switzerland - SMN Weekly - Trade24, a forex broker that has appeared in a number of warnings by various regulators, has resurfaced again in an alert by Switzerland's financial markets and services regulator FINMA.


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 . . .


CySEC Urges Brokers with Operations in Spain and Germany to Comply with the Local Regulatory Requirements

18 May 2017, Nicosia, Cyprus - SMN Weekly - The Cyprus Security and Exchange Commission (CySEC) issued several circulars on Wednesday, advising Cyprus Investment Firms (CIFs) who provide financial services in Germany and . . .


HiwayFX Owner Lucro Capital Ltd Renounces Cyprus License

18 May 2017, Nicosia, Cyprus - LeapRate - Lucro Capital Ltd, owner of the HiWayFX forex broker operating from the sites www.lucrocapital.eu; www.hiwayfx.eu; www.hiwayfx.com, has renounced its license, the Cyprus Securities . . .


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 . . .


VTB24 Forex and Finam Forex Launch Official Regulated Operations in Russia

16 May 2017, Russia - SMN Weekly - Several weeks after the first stage of Russia's forex market standards and regulations came into effect, the first two of the eight regulated brokers VTB24 Forex and Finam Forex announced . . .


Australia to Require all Forex Brokers to be Members of Single Dispute Resolution Body AFCA

12 May 2017, Canberra, Australia - FinanceFeeds News - There have been some interesting developments on the financial services regulation front in Australia this week, affecting all financial services providers, including . . .


HotForex Activates South Africa FSB License, Opens Johannesburg Office

11 May 2017, Johannesburg, South Africa - LeapRate - Global retail forex broker HotForex has announced the launch of a dedicated office in Johannesburg. HotForex is a unified brand name of the HF Markets Group, which includes . . .


The Financial Commission Announces FXB Trading as its Latest Approved Member

10 May 2017, Hong Kong - Financial Commission Press Release - Leading external dispute resolution (EDR) organisation, Financial Commission, catering to the financial services industry and operated by FinaCom PLC, today . . .


Russia Prepares Steps to Forbid Unregulated Brokers from Operating

10 May 2017, Moscow, Russia - Finance Magnates - The Federal Anti-monopoly Service says that brokers that wish to operate in Russia will have to be regulated. The Federal Anti-monopoly Service (FAS) in Russia is preparing to . . .


AvaTrade Israeli Branch ATRADE Misleading Advertisement Results in $42,000 ISA fine

9 May 2017, Jerusalem, Israel - AtoZ Forex - Brokers try everything to distinguish themselves from the strong competition within the Retail Forex Industry. However, they must not forget compliance requirements on risk . . .


BaFin Gives Forex Brokers Three Months to Add Negative Balance Protection

8 May 2017, Bonn, Germany - Finance Magnates - The German regulator is using the 'intervention option' to protect retail clients from negative balances. The German financial regulator BaFin has issued an announcement that . . .


New Zealand's FMA Warns against Unregistered Broker MRT Markets

5 May 2017, Auckland, New Zealand - LeapRate - The FMA noted a recent warning by the Australian Securities and Investment Commission (ASIC) against conducting business with Mrtmarkets. FMA warned that Mrtmarkets are not . . .


CySEC Demands Letter from CIFs Listing in Which Other Countries they Operate

4 May 2017, Nicosia, Cyprus - LeapRate - Cyprus financial regulator CySEC, as part of its crackdown on the operations and business practices of licensed Forex, CFD and Binary Options brokers which operate in the country, has issued a new Circular entitled "Freedom to provide investment and ancillary services and/or perform investment activities in a third country. " . . .


CFI Group Launches Licensed Dubai DIFC Retail Forex Brokerage Operation

4 May 2017, Dubai, UAE - LeapRate - CFI Group Holding, the parent company of CySEC CIF licensed retail forex broker CFI Markets Ltd. , has announced the launch of its latest subsidiary company: Credit Financier Invest (DIFC) Ltd.


Financial Commission Announces VNC Brokers as Latest Approved Member

3 May 2017, 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 . . .


Lebanese Retail Forex Broker BogoFinance gets CySEC CIF License

2 May 2017, Nicosia, Cyprus - LeapRate - It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers e. g. no . . .


Bank of Russia Finally Enacts Basic Forex Market Standards

2 May 2017, Moscow, Russia - SMN Weekly - On May 2, Russia's financial megaregulator, the Bank of Russia, has finally enacted the first of the basic standards for forex dealers operating on the financial markets. This means . . .


Rakuten Securities gets Regulatory Approval for Online Brokerage Services in Malaysia

1 May 2017, Malaysia - FinanceFeeds News - More than a year after the launch of a joint venture with Kenanga to provide online brokerage services in Malaysia, Rakuten finally secures the necessary regulatory nod of approval.


Japan's Kanto Bureau Warns Against Heart Forex

28 Apr 2017, Tokyo, Japan - Finance Magnates - The firms on Kanto's list may have regulation in other jurisdictions, but this is not sufficient to operate in Japan. The Kanto finance bureau of Japan's Ministry of Finance (MoF) . . .


Poland Tightens Requirements for Forex Brokers as 80% of Retail Traders Lose Money

27 Apr 2017, Warsaw, Poland - SMN Weekly - Nearly 80% of the Polish retail forex traders have lost money in 2016, while approximately 20. 7% have actually made a profit, shows a report of the country's Financial Supervision . . .