• FCA fines UBS AG £27.6 million for transaction reporting failures

    UBS AG (UBS) has been fined £27,599,400 by the Financial Conduct Authority (FCA) for failings relating to 135.8 million transaction reports between November 2007 and May 2017. UBS has been found to have failed to ensure it provided complete and accurate information in relation to approximately 86.67 million reportable transactions. It also erroneously reported 49.1...

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  • Retail forex broker Colmex Pro gets €50,000 CySEC fine for the Markets Law violations

    The Cyprus Securities and Exchange Commission (CySEC) has announced that it has reached a settlement with Colmex Pro Ltd, a Cyprus investment firm. The settlement reached with the Company, for the possible violations, is for the amount of €50.000. The Company has paid the amount of €50.000. It is noted that the amounts payable from...

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  • A UK Brokerage ThinkMarkets acquires license from the FSCA

    ThinkMarkets has been awarded a licence by the Financial Sector Conduct Authority (FSCA) to offer electronic financial trading services to South African investors. 2010 saw the launch of ThinkForex in New Zealand with an aim to improve the forex trading experience by delivering leading technology to the community. Further, due to the company’s rapid expansion...

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  • OctaFX got licensed in Cyprus, to work with EU clients again

    OctaFX has confirmed that it got licensed by the Cyprus Commodities and Exchange Commission (CySEC). This license will allow the broker to operate an EU-based subsidiary and work with EU residents. According to the regulator’s register, OctaFX will be operating in Europe under the domain www.octafx.eu. OctaFX is currently owned and operated by Octa Markets...

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  • Dukascopy Warns Customers About a Fake Clone Website

    Switzerland-based forex bank and broker, Dukascopy, has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm. In the announcement, Dukascopy Bank cautions  that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite: “Please mind that contrary...

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  • Dutch regulator fines FPlus Trading for misleading claims about license

    The Dutch Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments on FPlus Trading Ltd. (FPlus Trading). The order for incremental penalty payments was imposed because on its website (https://fplus.ai) FPlus Trading wrongfully states that it trades with an AFM license. This means that FPlus Trading misleads consumers and breaches the...

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  • OANDA CEO Vatsa Narasimha is leaving his position

    After serving as CEO of the retail brokerage for over 2 years, Vatsa Narasimha has decided to leave his position for personal reasons. Now the retail broker is looking for a new CEO. Vatsa Narasimha will continue working for the company as a Non-Executive Director.With a demonstrated track record in driving growth among both financial...

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  • InstaForex has announced about the sponsorship with Former Chess World Champion

    Russia-based Forex broker InstaForex has announced a new sponsorship deal with Viswanathan Anand, a former World Chess Champion. Viswanathan Anand will be the Brand Ambassador of the company and will help the broker promote forex trading and education. In 2000, Anand became Fide World Chess Champion. 7 years later, his dream of life came true...

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  • Plus500 reports record revenues and performance in 2018

    This Tuesday Plus500 Ltd has reported a record year, with a sharp rise in profit and revenue ahead of expectations. Also the broker has announced its preliminary unaudited results for the year ended 31 December 2018, stating that the company set a new record in terms of financial performance. Plus500 was founded in 2008 in...

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  • IG Group has announced the launch of IG US

    UK online trading leader IG Group Holdings plc has just announced the launch of IG US, its US-based subsidiary offering foreign exchange (forex) services. Through trading with IG US, clients will be able to trade on over 80 currency pairs with lower spreads vs the top two US forex brokers and zero commission.IG Group is...

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