This week, several online trading companies faced being blacklisted and fined, and Apple took a similar stance by completely banning any apps connected to binary options. CMC Markets published its full year results, showing a stable decline, and WorldWideMarkets announced a new affiliate program revolving around CPAs.
Apple added a new exception to the App Store guidelines, now banning all binary options affiliated applications. New and veteran traders are aware by now that most brokers offer their clients mobile trading platform apps, which are compatible either with iOS or Android. As of last week, the former is longer an option.
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CMC Markets, the forex, CFDs, and spreads betting provider, published its full year results for the fiscal year ending March 31, 2017. A modest decrease had been noted in revenues, coming to a total of £169 million. In addition, Key Performance Indicators (KPIs), such as the total value of trades, declined by 3 percent to £2.02 trillion.
The Cyprus Securities and Exchange Commission published the results of its long investigation against CommexFX, which was involved in one of the most significant controversies in Cyprus. At first, the company’s license was suspended in 2015 for withdrawal related delays. Based on the results, CySEC is holding directors and other individuals responsible for their involvement in the case, and will be suspending their activities in the industry. CySEC will fine the individuals, including the shareholder and manager Abdel Rahman Alimari, a total of €400,000.
WorldWideMarkets (WWM), a forex and CFDs broker, launched a new affiliate program. The firm is offering Revenue Share and Click Per Action (CPA) oriented plans along with different tiers. The CPA payment plan includes six regions in total, with the most attractive ones being Austria, Germany, Australia, Italy, Ireland, Switzerland, Luxembourg, and Gulf Cooperation Council Member States Kuwait, UAE, Qatar, Bahrain, Oman, and Saudi Arabia. Affiliates who are successful in bringing clients from any one of these countries are eligible to receive $400 a month.
The Kanto Bureau, Japan’s Ministry of Finance
The Kanto finance bureau of Japan’s Ministry of Finance added forex and binary options brokerages to its blacklist, including some well-known companies that have been authorized in other jurisdictions. The warnings were issued against firms such as OptionRally, FXDD, XM.com, Royal Option, TRADEVIEW MARKETS, and more.