Best of the Week: UK, Germany CFD Markets on the Rise, IG Revenues Up
- Romania arrests three over data theft, CFTC charges scam operator for $16 million.
Last week was hectic, with Romanian and US regulatory authorities cracking down on illegal operations. The UK and Germany have both been seeing upward trends in their CFD metrics. Q8 Securities announced a new broker in the Middle East, while IG Group plans to launch a multilateral facility in the EU.
The London Summit 2017 is coming, get involved!
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UK, German CFD Markets on The Rise
On Monday, global research house Investment Trends released its annual UK Leverage Trading report. It revealed considerable growth in the number of CFD traders, and that this market saw a 21 percent increase in gains on a year-on-year basis. According to the document, the CFD trading industry in the UK has just under 150,000 traders. The main catalyst of the growth was Plus500.
On Thursday, Investment Trends published a study regarding the behavior of CFDs and forex traders in Germany. This report showed growth in the number of CFD traders despite the low volatility in the stock market.
Q8 Securities’ New Brokerage in the Middle East
On Monday, Finance Magnates exclusively reported Q8 Securities having joined a growing group of forex and CFDs online trading companies that have launched in the Middle East with its own Kuwait-based subsidiary, Q8 Trade. The new CFDs and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokerage shows that Q8 Securities is making a beeline for an emerging market. It is expected to then move into the MENA region and the Gulf states.
CTFC Binary Options Charges Operator for $16 Million Scam
On Tuesday, the United States Commodity Futures Trading Commission (CFTC) charged a resident of the state of California for having orchestrated a scam operation via a number of binary options affiliate websites. The accused was illegally soliciting traders to brokers through offshore entities. The total damages are estimated at around $16 million.
IG Group Announces Upcoming MTF Launch in EU
On Tuesday, IG Group released its full year results, that revealed UK and Europe operational revenue coming to £330 million. About £78 million of this had been attributed to equities trading. The total revenues reached the £491.1 million mark, increasing by 7.6 percent from 2016. In addition, the company discussed its upcoming Multi-Lateral Trading Facility (MTF) for its operation within the European Union.
Romania Arrests Three Hackers for Stealing Personal Information from a Cypriot Broker’s CRM
On Thursday, the Romanian Directorate for Investigating Organized Crime and Terrorism (DIICOT) arrested three men who stole the personal data of an unnamed Cypriot broker’s clients. Roşoiu Darie Leone, Iliescu Stefan Virgil, and Vîlceanu Ionut managed to access the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company’s CRM, where names, addresses, email addresses, telephone numbers, and other sensitive details were stored. The men had the intention of selling the illegally obtained information for more than €80,000.
Last week was hectic, with Romanian and US regulatory authorities cracking down on illegal operations. The UK and Germany have both been seeing upward trends in their CFD metrics. Q8 Securities announced a new broker in the Middle East, while IG Group plans to launch a multilateral facility in the EU.
The London Summit 2017 is coming, get involved!
[gptAdvertisement]
UK, German CFD Markets on The Rise
On Monday, global research house Investment Trends released its annual UK Leverage Trading report. It revealed considerable growth in the number of CFD traders, and that this market saw a 21 percent increase in gains on a year-on-year basis. According to the document, the CFD trading industry in the UK has just under 150,000 traders. The main catalyst of the growth was Plus500.
On Thursday, Investment Trends published a study regarding the behavior of CFDs and forex traders in Germany. This report showed growth in the number of CFD traders despite the low volatility in the stock market.
Q8 Securities’ New Brokerage in the Middle East
On Monday, Finance Magnates exclusively reported Q8 Securities having joined a growing group of forex and CFDs online trading companies that have launched in the Middle East with its own Kuwait-based subsidiary, Q8 Trade. The new CFDs and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokerage shows that Q8 Securities is making a beeline for an emerging market. It is expected to then move into the MENA region and the Gulf states.
CTFC Binary Options Charges Operator for $16 Million Scam
On Tuesday, the United States Commodity Futures Trading Commission (CFTC) charged a resident of the state of California for having orchestrated a scam operation via a number of binary options affiliate websites. The accused was illegally soliciting traders to brokers through offshore entities. The total damages are estimated at around $16 million.
IG Group Announces Upcoming MTF Launch in EU
On Tuesday, IG Group released its full year results, that revealed UK and Europe operational revenue coming to £330 million. About £78 million of this had been attributed to equities trading. The total revenues reached the £491.1 million mark, increasing by 7.6 percent from 2016. In addition, the company discussed its upcoming Multi-Lateral Trading Facility (MTF) for its operation within the European Union.
Romania Arrests Three Hackers for Stealing Personal Information from a Cypriot Broker’s CRM
On Thursday, the Romanian Directorate for Investigating Organized Crime and Terrorism (DIICOT) arrested three men who stole the personal data of an unnamed Cypriot broker’s clients. Roşoiu Darie Leone, Iliescu Stefan Virgil, and Vîlceanu Ionut managed to access the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term company’s CRM, where names, addresses, email addresses, telephone numbers, and other sensitive details were stored. The men had the intention of selling the illegally obtained information for more than €80,000.