• ASIC suspends Halifax Investment Services AFS license

    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...

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  • Spain’s CNMV warns of unregulated forex broker Dax300

    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 Spanish...

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  • Regulator: Dubai Financial Services Authority (DFSA)

    Formed: 2004Jurisdiction: Dubai International Financial Centre (DIFC)Headquarters: Dubai, United Arab EmiratesWebsite: www.dfsa.ae Regulated activities: Credit and banking services Collective investment firms Asset management International commodities derivatives exchange Commodities futures trading Securities Islamic finance Trust and custody services Insurance International equities exchange Introduction The Dubai Financial Services Authority (DFSA) is the independent financial regulatory agency that was...

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  • The Central Bank of Ireland warns against Trade Capital

    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) is...

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  • New Zealand’s Financial Markets Authority warns of Golden Financial

    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 role...

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  • UK’s FCA warns against City Global Trading

    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...

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  • New Zealand’s FMA Blacklists FX broker ZonggangCaifu

    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 and...

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  • Bank of Russia Licensing FX Brokers

    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...

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  • Russian Central Bank revokes the licenses of five forex companies Alpari, Forex Club, TeleTrade and others.

    The Central bank of Russia announced on Thursday it had revoked the licences 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...

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  • Regulator: Federal Financial Supervisory Authority (German: Bundesanstalt für Finanzdienstleistungsaufsicht) – BaFin

    Formed: 1 May 2002 Jurisdiction: Federal Republic of Germany Headquarters: Bonn and Frankfurt am Main, Germany Website: www.bafin.de BaFIN is responsible for administering the following pieces of legislation: corporate governance financial services banking sector securities and derivatives (category including Forex & CFD trading) insurance consumer protection financial literacy Introduction Bundesanstalt für Finanzdienstleistungsaufsicht or the Federal Financial Supervisory Authority,...

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