Alpari, CFH and Playtech are among the companies that appeared in last week's top stories.
During the passing week the most interesting stories from the online trading world included major regulatory changes in one of the industry's most important licensing hubs, and analysis of the economic contribution of binary options brokers to one of the industry's most important technological hubs. We also kept readers updated about how brokers are taking protective Risk Management measures ahead of an Italian referendum that could shake the euro.
Keeping an eye on the local job market, we see that the Israeli binary options industry employs about 5,000 people. We estimate that around 4,700 work for the 70 local active brokers, while the other 300 work for binary options technology providers.
Alpari approved
On Tuesday we reported that the Russian subsidiary of one of the oldest foreign exchange brokerages, Alpari Forex LTD, has received regulatory approval from the Russian central bank and has become the latest company to be officially authorized to operate in Russia pending some legislative requirements.
The chairman of the board of the company, Boris Shilov, said: “Today the Russian online trading industry is continuing its development, yet still requires a lot of progress in order to make it more attractive. Alpari will continue working with the regulators and other companies from the industry to develop the market further.”
1:50
On Wednesday the Cyprus Securities and Exchange Commission issued a new circular that introduces some changes to some key broker regulations. First, companies will be forbidden to use bonus promotions related to trading activity in order to market to their clients.
Another major point in the circular that is that CySEC mandated to default the leverage choice of new clients to 1:50. Only clients that explicitly ask for higher leverage can be presented with an appropriateness test, that will determine whether they are suitable to trade with lower margin requirements.
Executive discussion
On Thursday Ron Finberg gave his review of the CEO panel at the London Summit, which he moderated. The panel consisted of Marco Baggioli, Executive Managing Director - Global Head of Brokerage, ADS Securities, Drew Niv, CEO of FXCM, Tom Higgins, CEO of Gold-I, Anthony Brocco, CEO of Advanced Markets, Christian Frahm, CEO of CFH Group and Marc Burki, CEO of Swissquote.
Anna Rice from the City of London Police’s Public Protection Unit said: “Each of these assaults represented an extremely unpleasant ordeal for the victims and we hope that today’s verdict can go some small way to offering them a sense that justice has been served. Constantinou clearly thought that his demeaning, intimidating behaviour was acceptable and today’s sentence has shown this is simply not the case.”
During the passing week the most interesting stories from the online trading world included major regulatory changes in one of the industry's most important licensing hubs, and analysis of the economic contribution of binary options brokers to one of the industry's most important technological hubs. We also kept readers updated about how brokers are taking protective Risk Management measures ahead of an Italian referendum that could shake the euro.
Keeping an eye on the local job market, we see that the Israeli binary options industry employs about 5,000 people. We estimate that around 4,700 work for the 70 local active brokers, while the other 300 work for binary options technology providers.
Alpari approved
On Tuesday we reported that the Russian subsidiary of one of the oldest foreign exchange brokerages, Alpari Forex LTD, has received regulatory approval from the Russian central bank and has become the latest company to be officially authorized to operate in Russia pending some legislative requirements.
The chairman of the board of the company, Boris Shilov, said: “Today the Russian online trading industry is continuing its development, yet still requires a lot of progress in order to make it more attractive. Alpari will continue working with the regulators and other companies from the industry to develop the market further.”
1:50
On Wednesday the Cyprus Securities and Exchange Commission issued a new circular that introduces some changes to some key broker regulations. First, companies will be forbidden to use bonus promotions related to trading activity in order to market to their clients.
Another major point in the circular that is that CySEC mandated to default the leverage choice of new clients to 1:50. Only clients that explicitly ask for higher leverage can be presented with an appropriateness test, that will determine whether they are suitable to trade with lower margin requirements.
Executive discussion
On Thursday Ron Finberg gave his review of the CEO panel at the London Summit, which he moderated. The panel consisted of Marco Baggioli, Executive Managing Director - Global Head of Brokerage, ADS Securities, Drew Niv, CEO of FXCM, Tom Higgins, CEO of Gold-I, Anthony Brocco, CEO of Advanced Markets, Christian Frahm, CEO of CFH Group and Marc Burki, CEO of Swissquote.
Anna Rice from the City of London Police’s Public Protection Unit said: “Each of these assaults represented an extremely unpleasant ordeal for the victims and we hope that today’s verdict can go some small way to offering them a sense that justice has been served. Constantinou clearly thought that his demeaning, intimidating behaviour was acceptable and today’s sentence has shown this is simply not the case.”
The Menace of Clones: Malta’s Regulator Warns against Fake "Documents and Emails"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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