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Fidelisdco withdraws CySEC license

Posted on November 18, 2019June 22, 2020 by John Porter

Fidelisco Markets Ltd investment firm known as Fidelisdco authorized by the Cyprus CySEC allowed to held international services and be legit within the EEA zone in particular recently decided to Voluntary Renunciation meaning Fidelisco is now wholly suspended from CIF license.

Read more regarding Fidelisco Markets Ltd decision by CySEC on 14 November 2019 by the link.

Fidelisco withdraws CySEC license

According to the CySEC announcement and as confirmed by the firm itself, Fidelisdco informed regulator by its plans as of 8^th November to only serve representative office in Cyprus, without having a full operation branch. Fidelisco requested the surrender of license solely as a company decision, while it remains unclear what was its initial reason. Also, as CySEC manifests the Fidelisco company did not arise any regulatory action, yet appeared in its records as fined €15,000 for its misrepresenting actions back in 2015.

Therefore, or in simple words that mean that Fidelisdco as a suspended brand cannot advertise its business and must close activity under the Cyprus regulatory framework or either activity performed by Fidelisco Markets Ltd. They must also complete their own transactions and attribute to their clients either in accordance with instructions or return all funds and financial investments.

Fidelisco Markets Ltd

Fidelisdco itself was focused on trading opportunities and mainly concentrating on binary trading offering while the firm itself is authorized by few regulatory bodies it’s already ex license from CySEC, FCA and license from Netherlands AFM.

Therefore, for your consideration you may check other CySEC regulated brokers from the list and see which broker does offer its regulated trading conditions.

iFX EXPO International 2018 in Limassol, Cyprus

Posted on May 10, 2018June 22, 2020 by bar

iFX Expo International 2018 (https://www.ifxexpo.com/) will take place in Limassol, Cyprus and will last for three day 22nd-24th of May. The event brings together the finance professionals from all over the world and introduces its attendees to the latest trends, services and products from industry's leading service providers and brokers.

iFX Expo International 2018 is one of the most important retail finance expo. From year to year, starting from 2012, they are increasing and expanding their sizes, holding up to the highest standards and providing the best experience to both the attendees and exhibitors.

The speaker list includes market professionals and the brightest minds from all over the globe, including Panos Lampakos (industry manager at Google, Greece), Demetra Kalogerou (Chairwoman at CySec), Ran Cohen (CEO and Founder of Traders Education), Sarafina Wolde Gabriel (Vice President of Strategy at Paysafe) and many more others.

This year's expo will be focused on affiliate marketing for FX and binary brands, trading technology, the evolution of payments, Forex trends by Google, social marketing insights and trends, regulation, brand awareness and direct response and also business service industry. The other topics that will be covered are how to valuate FX brokerage, artificial intelligence as the future of the world, growing your trading business and the opportunities of derivative market.

IBKR gives access to Moscow exchange

Posted on November 20, 2019June 22, 2020 by John Porter

Moscow Exchange known as MOEX is one of the largest trading platforms and exchange groups in Russia for RUB FX instruments including stocks, bonds, options and futures has recently signed and launched access to 41 Russian Stocks through a Sponsored Market Access setup between Interactive Brokers and Raiffeisen Russia.

Discover more about MOEX Moscow Exchange by the link.

IBKR gives access to Moscow exchange

Together with IBKR announce, MOEX also respectively confirms that Interactive Brokers began providing access to the Russian markets for all clients within the US or through its worldwide entities. As been mentioned by the Managing Director of Securities Market, MOEX is thrilled to cooperate with one of the largest US brokers and offers its client’s access to Moscow Exchange, which is also known for its highest technology development and global coverage in return promising vast opportunities for all the parties.

In return, Interactive Brokers are also excited to expand access as the broker sees a growing interest for investment in Russia. So from now on, the existing clients of IBKR may request trading permission for MOEX through its Client Portal by simple selection of the desired market from the list of stock permissions. In fact, MOEX and IBKR announced its cooperation and expand in June 2019, while from the beginning MOEX stocks were available for Russian residents only, which are now available to all Interactive Brokers clients worldwide.

Moscow Exchange MOEX

Interactive broker is one of the largest global electronic broker and financial groups that serves over 650,000 clients worldwide, operating through over 125 exchanges in numerous countries and is globally known for its corporate and operational practices accompanies by high-end trading technology they provide.

You may read full Interactive Brokers Review by the link and get to know about their offering in a detail, as well you may check other Regulated brokers for your consideration.

FCA has issued a warning against ForexGrand broker

Posted on May 26, 2018June 22, 2020 by bar

The UK's financial regulator Financial Conduct Authority (FCA) has issued its another warning against the broker who is unauthorized nor licensed, but has been offering their services and products to UK residents. The warning concerns ForexGrand broker, which operates on the website https://forexgrand.com/. It is a broker, offering online trading in more than 70 currency pairs, over 30 CFDs (on indices, commodities, stocks and cryptocurrencies) on the widely used MT4 platform.The firm offers its clients several account types, depending on their initial deposit. If you check the section about the company, you will see the story about the owner of the company, Mr. Grand, who tells about the establishment of it. It is obvious that this Mr.Grand is a fictional person and his story is made up. The real, relevant information about the company is missing, which is confusing and deluding, as there is no information about the regulation of the company. According to the information on the website, ForexGrand owned by Capital FXG ltd, located on Marshall Islands. It is also operated by Nordic Pearl Ltd, the company with headquarters in Bulgaria, which is not authorized in Bulgaria. Another thing that confuses and reduces the level of trust is that the phone number provided on the website includes country code of Switzerland. Considering all the facts above, it is better not to deal with this company. Non-regulated and offshore regulated brokers should be avoided as a general rule, as most of them turn out to be scams.

CySEC has suspended Prior Capital Cy Ltd license

Posted on March 22, 2020March 22, 2020 by bar

The Cyprus Securities and Exchange Commission announces that the authorisation of the Cyprus Investment Firm Prior Capital Cy Ltd, number 221/13, is suspended in whole. Prior Capital Cy Ltd operates the brands PriorFX and Prior Capital. The main reason for the license withdrawal was the regulator's suspicions of alleged rules violations and the company's possible non-compliance at all times with the authorisation conditions.

The above decision was reached as the aforementioned alleged violation causes concern and risk relating to the protection of the Prior Capital Cy Ltd clients and/or constitutes a threat to the orderly operation and integrity of the market.

The regulator ordered Prior Capital Cy Ltd to take actions in order to comply with the aforementioned provisions. The company has twenty days to do that.

Prior Capital Cy Ltd suspension terms

During the suspension period Prior Capital Cy Ltd is not allowed to provide/carry out investment services/activities as well as enter into any business transaction with any person and accept any new client. It is also forbidden to advertise itself as a provider of investment services.

However, the company is still allowed to proceed with some of the actions that are mostly regarding its clients. Prior Capital Cy Ltd can still complete all its own transactions and those of its clients which are before it, in accordance with client instructions. It also obliged, if needed, to return all funds and financial instruments which are attributable to its
clients. You may check our list of the CySEC-Regulated Brokers.

FP Markets Launches Traders Hub

Posted on February 28, 2020February 28, 2020 by John Porter

FP Markets an international brokerage firm based and regulated in Australia operates over 15 years for now and constantly shows its great success along with the improvement of its conditions.

FP Markets vision stands at the connection of the best technology, consistently tight spreads and necessary tools that assist in better trading decisions. So with that combination FP Market traders can trade and improve, promising better outcomes in the long term.

Eventually, FP Markets did achieve that powerful proposal through diverse product range they offer with over 10,000 instruments, trading technology which also proved by awards they receive almost on a regular basis.

FP Markets Launches Traders Hub

What is Traders Hub?

So now enhancing its proposal further, since 18 February 2020 FP Markets launches Traders Hub, which is a new and very useful trading information center. A rich source of informative content designed to assist your everyday trading.

As information resource Traders Hub is packed with latest and professional analysis provided by industry experts that consists of

Daily Fundamental Analysis
Daily Technical Analysis
Weekly Analysis
Trading Knowledge – with a range of articles, ebook and videos
Company News

Traders Hub is now available for all FM Markets traders from all jurisdictions across Europe, Middle East, Africa and Australia and designed to assist all levels from beginner to advanced traders.

FXCM has announced a new partnership with TradingView

Posted on February 24, 2020February 24, 2020 by bar

FXCM Group, LLC, one of the leading international brokers of foreign exchange trading, CFD trading, cryptocurrencies and related services, has launched an API-powered integration with TradingView, Inc., the all-in-one financial platform for traders in the equity, cryptocurrency, futures, and FX markets.

The integration means that FXCM users will be able to execute orders directly from the TradingView platform. With access to TradingView’s powerful charting tools, advanced data analytics, and user generated research, customers will now have the option to gather new sources, assess market moves, and trade in real time.

Chief Marketing Officer at FXCM Group, Sameer Bhopale has commented on the partnership: “Our integration with TradingView will bring sophisticated tools to the FXCM portfolio, ensuring our customers have access to as much technology and information as possible. This partnership will further enhance FXCM’s long standing mission of providing excellent customer experience to the highest degree.”

Denis Globa, CEO of TradingView, commented: “Through partnering with a long-standing broker like FXCM, we look forward to seeing our community of traders engage with new markets and trade in real time. Our products continue to improve as we combine the global reach of both our offerings.”

About FXCM

FXCM is one of the pioneer providers of online trading, foreign exchange or Forex trading, CFDs, Stocks, Commodities, Indices and spread betting. Founded in 1999, the company’s main aim was to provide global traders with access to the world’s largest liquid market through innovative trading tools. The FXCM LTD is authorized and regulated in the UK, Australia and South Africa. You can read our full FXCM review here.

The FCA Board announced about two new appointments

Posted on February 17, 2020 by bar

The FCA has today confirmed the appointment of two new Non-Executive Directors to the Financial Conduct Authority (FCA) Board.

Jeannette Lichner and Bernadette Conroy will each serve three-year terms beginning on 1 April 2020 and 1 August 2020 respectively. They will join the Board as Amelia Fletcher OBE and Catherine Bradley CBE step down following the end of their terms as Non-Executive Directors, having served since April 2013 and August 2014 respectively.

Bernadette Conroy has a senior manager and non-executive experience in organizations in both the public and private sectors, including financial services. Her current roles include being Chair of a Housing Association and a Non-Executive Director for Community Health Partnerships.

Jeannette Lichner has a background in international financial services and has held senior leadership roles in a number of major financial organisations. Her current roles include being a Non-Executive Director at Miller Insurance Services.

Amelia Fletcher will also step down as a Non-Executive Director of the Payment Systems Regulator (PSR). Nick Stace, who was appointed in April 2017, has also stepped down from the FCA and PSR Boards as of 29 January 2020.

Current FCA Chief Executive Andrew Bailey will stand down from both the FCA and PSR Boards on 15 March.

The Economic Secretary to the Treasury, John Glen, said: 'The work of the FCA is crucial in ensuring we continue to have a world-leading financial services sector. I am therefore delighted to announce the appointments of Bernadette Conroy and Jeannette Lichner to the FCA Board. Their expertise and knowledge will be highly valuable to the FCA as it carries out its vital role.'

Chair of the Financial Conduct Authority, Charles Randell, said: 'I’m delighted to welcome Jeannette and Bernadette to the FCA Board. They have extensive combined experience both in financial services and a range of public service organisations. I would also like to thank Amelia, Catherine and Nick for their valuable support and challenge to the FCA.'

The new members will bring a variety of experience and knowledge to the Board.

FSMA reported the total of € 2,249,602 fines in 2019

Posted on January 30, 2020January 30, 2020 by bar

In 2019, the FSMA (Financial Services and Markets Authority) imposed 13 administrative sanctions for breaches of financial legislation, for a total cumulative amount of € 2,249,602.

According to the official statement, since 2013 and the implementation of a new sanctions procedure, the FSMA has imposed no less than 73 administrative sanctions, for an amount that exceeds 18 million euros. Several of these sanctions concerned breaches of the law on market abuse.

In a recent report by ESMA (the European Financial Markets Authority), it also appears that under the new regulations on market abuse, Belgium is the European country that has imposed the most sanctions for insider trading in 2018. 7 of the 13 administrative sanctions imposed in 2018 in Europe for insider trading were in fact imposed by the FSMA.

When the FSMA finds breaches of financial legislation, it can impose administrative sanctions. If serious indications of the existence of a practice likely to give rise to an administrative fine are observed, the FSMA instructs the auditor to examine the file . Such a decision may be taken on the basis of indications transmitted by the FSMA supervisory services or, for example, following a complaint or a report. In 2019, 18 new investigation files were thus opened.

Within the European Union, Belgium is the country that has been the most active in the fight against insider trading. This is what emerges from a recent report by ESMA, the European financial market authority. This report, published in December 2019, provides an overview of the sanctions and other measures imposed in 2018 by the different member states of the European Union in application of the provisions on market abuse.