ASIC has suspended the Australian financial services (AFS) license held by Halifax Investment Services Pty Ltd (Halifax). The license was suspended for a year until January 10, 2020. It happened only six weeks after this retail FX brokerage went into insolvency administration on November 23, 2018. As we have previously reported, going into administration followed...

Spain’s financial markets and services regulator CNMV has issued a warning against Dax300. According to the public warning notice, Dax300, operated by Brown Fox Limited, is not authorized to provide investment services or investment advice and auxiliary services, including foreign currency transactions in Spain. The National Securities Market Commission (often abbreviated as CNMV) is the...

Introduction to DFSA What is Dubai DFSA? The Dubai Financial Services Authority (DFSA) is an independent financial regulatory agency established in conjunction with the creation of the Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates (Read our article about UAE Brokers). The DIFC, established in 2004, was designed to facilitate an environment where...

The Central Bank of Ireland (CBI), which also serves as a financial services supervisor, issued a warning against Trade Capital. According to CBI’s official notice, this forex and CFD broker has been offering financial services and/or investment advice to the Irish investors without being authorised. The Central Bank of Ireland (Irish: Banc Ceannais na hÉireann)...

New Zealand’s Financial Markets Authority (FMA) has issued a warning against the Forex broker Golden Financial. The regulator states that GFS is not regulated in New Zealand as claimed on its websites and GFS is not licensed to issue derivative products (CFDs) to New Zealand retail investors. The Financial Markets Authority (FMA) plays a critical...

UK's Financial Conduct Authority added another Forex broker to its warning list. According to the regulator, City Global Trading has been providing financial services in the UK without their authorization. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by...

The Financial Markets Authority of New Zealand (FMA) has issued a warning against ZonggangCaifu, an unauthorized company offering Forex and CFD trading. The regulator states that the broker is not registered, licensed, or regulated in New Zealand as claimed on its websites. The Financial Markets Authority (FMA) plays a critical role in regulating capital markets...

In general condition, the Russian market operates through its strict centralized nature and governmental influence on its development. Since the Forex industry gained its popularity and spread to a Russian market as well, the majority of offered trading services was managed through offshore brokers. The industry players maximum participated to Russian self-regulatory organization CRFIN, yet...

The Central bank of Russia announced on Thursday it had revoked the licenses of the country’s largest companies that provide clients with access to the forex market. These companies, which include Alpari, Teletrade, Forex club, TrustForex and Fix Trade had violated central bank regulations. Also, it has revoked the qualification certificates of the chiefs of...

What is BaFIN? Why trade with a BaFIN-regulated broker? BaFIN Brokers Requirements and Regulation How to Complain to BaFIN? List of BaFIN-Regulated Forex Brokers Conclusion on BaFIN Introduction to ASIC What is BaFIN? Bundesanstalt für Finanzdienstleistungsaufsicht or the Federal Financial Supervisory Authority - known as a BaFIN, is the financial regulatory authority in Germany also...