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ASIC Cancelled AFS licence of FXOpen AU
ASIC has cancelled the Australian financial services (AFS) licence of FXOpen AU Pty Ltd (FXOpen AU) after an investigation revealed serious concerns about its lack of human resources to provide financial services and carry out supervisory arrangements.
Fulham FC Partners with IUX as Official CFD Trading Partner
English Premier League club Fulham FC has announced a new partnership with offshore Retail FX and CFDs broker IUX, naming them the team's Official Trading Partner.
Why is Risk Management So Significant in The Forex Market?
Forex trading offers significant profit potential, but it's also fraught with risk. While many traders enter the forex market hoping for financial gain, not everyone succeeds. Many suffer substantial losses, often due to inadequate risk management. Thus, effective risk management is crucial for protecting investments and ensuring long-term success in forex trading.
IBKR Expands Bond Access and Trading Hours
Interactive Brokers enhances global bond trading with Swiss Franc bonds, 22-hour availability, and expanded liquidity for international corporate and government bonds.
Checkout FCA's Latest Warning
The warning bell rings. The UK Financial Conduct Authority (FCA) has issued a warning against five illegal brokers which are operating illegally and providing services to consumers. The details and names of the unlicensed brokers are listed below.
Terraform Wallet Moves $62M in Bitcoin to Different Address
Terraform wallet moves $62M in Bitcoin to a different address amid legal scrutiny of Do Kwon and Terraform Labs. Investors await compensation post-UST collapse.
The Funded Trader Launches DXtrade and Match-Trader Platforms Globally
The Funded Trader launches DXtrade and Match-Trader globally, offering traders advanced tools, cross-platform access, and September promotions for maximized returns.
Markets slide as Nvidia shares plunge almost 10%
Stocks drop as disappointing US economic data dampened investor optimism about the AI boom.
FlowBank Liquidation: LCG Sale and Operations in the Balance
The liquidators of the bankrupt Swiss neobroker FlowBank have issued an updated circular to creditors, providing key updates on the ongoing proceedings. They are currently seeking a buyer for the bank’s 100% stake in London Capital Group Limited (LCG).
Former Director of Courtenay House Sentenced to 11 Years for $180 Million Ponzi Scheme
Tony Iervasi, the former director of Courtenay House, has been sentenced to 11 years in prison by the Supreme Court of New South Wales for his role in orchestrating a $180 million Ponzi scheme.
Financial Education Month 2024
Italy's Consob published a press release promoting Financial Education Month 2024, which is being supported by the EDUFIN Committee. The Committee is responsible for planning and promoting initiatives to raise awareness and financial education
Inefex Review: Unregulated Broker with Risky Withdrawal Issues
Inefex is an unregulated CFD broker with a poor reputation. Users report withdrawal issues, fraud, and scams. Avoid trading with this broker.
XPO RU, Something You Need to Know
In this review article, we will delve into XPO RUs' offerings, regulations, and other essential aspects to help you make an informed decision about this broker.
FINRA imposes $900k fine on Brex Treasury
Brex Treasury LLC has reached a settlement with the Financial Industry Regulatory Authority (FINRA) to resolve allegations related to its anti-money laundering (AML) compliance practices. As part of the settlement, Brex Treasury has agreed to pay a fine of $900,000 and accept a censure.
The Role of Crypto in the 2024 U.S. Election: Game-Changer or Just a Side Show?
As the 2024 U.S. election season heats up, one topic quietly gaining traction among political strategists, candidates, and voters alike is cryptocurrency. Will cryptocurrency play in the upcoming election? Could it be a game-changer, influencing policy debates, campaign funding, and even voter behaviour, or will it remain a niche issue on the political sidelines?
BSP Set to Follow Fed's Rate Cuts to Stabilize PH Peso vs USD
Philippines Central Bank (BSP) is set to follow the Fed's rate cuts to stabilize the PH Peso over USD, maintaining a favorable interest rate spread and supporting the economy.
WikiFX Skyline Guide to Debut After Review Completion
With great anticipation from global forex traders in the financial industry, WikiFX has officially announced the successful conclusion of SkyLine Guide’s rigorous selection and review process after several months of work. The SkyLine Guide is dedicated to providing global investors with a comprehensive and authoritative guide to local brokers in Thailand in a professional and neutral manner, setting a new trend in forex trading and establishing the “Michelin Guide” for the forex industry.
Forex4you quits Belarus, local website & office closed
Forex broker Forex4you has exited the Belarusian market as the country's forex market falls sharply. The broker's website, forex4you.by, and the local office in Minsk have been closed.
eToro Joins Bayer 04 Leverkusen as Official Trading Partner
eToro partners with Bayer 04 Leverkusen as their official trading partner, enhancing brand visibility in German football through innovative marketing strategies.
FT report reveals: Crypto contributes 40% of Telegram's revenue
A Financial Times report claims that digital asset activities, specifically the "sale of collectibles" and an "integrated wallet," accounted for a significant portion of the telegram app's revenue.