ASIC is suing eToro over alleged design and distribution breaches concerning its CFD product. ASIC claims that eToro used inadequate screening tests and targeted an overly broad market of retail investors, potentially leading to consumer harm.

The Cyprus Securities and Exchange Commission (CySEC) has fined BDSwiss Holding Ltd, a Cyprus Investment Firm (CIF), a hefty €100,000 for enabling offshore companies to mislead customers by referencing its CIF status. The hefty penalty comes after BDSwiss was found redirecting customers to offshore entities that were not regulated. In 2021, FCA similarly banned the...

Multinational Retail FX and CFDs broker, MultiBank Group, continues its global expansion with its recent receipt of a Cyprus Securities and Exchange Commission (CySEC) CIF license for its subsidiary, MEX Europe Ltd. The license, granted on May 22, 2023, marks another significant step in the broker's international growth strategy. MEX Europe Ltd is set to...

The Comisión Nacional del Mercado de Valores (CNMV), Spain's financial watchdog, has introduced new marketing restrictions and margin requirements for leveraged products. The European Securities and Markets Authority (ESMA) has published an opinion on these product intervention measures, supporting the CNMV's efforts to protect retail investors. Under the new regulations, the CNMV prohibits the offering...

HFM, the global multi-asset broker, recently introduced the Cent account, an innovative account type that enables traders to engage in trading with cent lots. This feature facilitates the opening of significantly smaller positions and allows users to measure their balance in cents. The Cent account primarily caters to novice traders who seek to explore the...

Discover the latest news on the UK government's landmark bill recognizing crypto trading as a regulated activity, passed on June 29. Stay informed about the law enforcement measures and their impact in our dedicated news section.

On June 23, 2023, FP Markets, a prominent Forex and CFDs broker, achieved significant recognition at the esteemed Ultimate Fintech Awards APAC 2023. The company was honored with the titles of 'Best Trade Execution' and 'Most Transparent Broker,' solidifying its position as a leading Forex and CFDs broker in the Asian market. These highly coveted...

eToro survey reveals retail investors' top concern: domestic economic slowdown. Find out how investors are adjusting their strategies in response to global economic resilience.

Interactive Brokers (NASDAQ:IBKR), a leading electronic trading company, has expanded its services to allow clients worldwide to trade shares on Nasdaq Copenhagen (CPH) and the Prague Stock Exchange (PSE). In an announcement today, the broker revealed that fractional trading of eligible Nasdaq Copenhagen shares is now available. (Read our detailed review of Interactive Brokers) Interactive...

Orbex, a leading global financial services broker, has recently launched the Orbex Prepaid Card and Orbex Card app, catering specifically to its live account traders. This new offering by the broker is now accessible to clients residing in the Gulf Region, encompassing Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and also to...