Latest
Madison Dean Inc. Served Second Order in Two Years By CFTC For FX Fraud
- New York FX CEO Laurence Dodge has been served an order to pay restitution of almost $250,000 to customers and a further civil monetary penalty for fraudulently soliciting clients to invest in managed FX accounts.
Monday, 01/07/2013 | 16:51 GMT by
Andrew Saks McLeod
Saxo Bank Volumes Grow In June
- Saxo Bank becomes the first firm to report their June calculated figures with average daily volumes rising to $14.6 billion. The figure represents a 1.4% increase from May, and a greater than 13% rise from the same period last year.
Monday, 01/07/2013 | 13:32 GMT by
Ron Finberg
New Zealand’s Financial Markets Authority Releases Annual Investigations And Enforcements Report
- As part of a program of strengthening New Zealand's regulatory structure, the FMA, the country's national regulator, has released its annual report on investigations which it carried out within a 12 month period.
Monday, 01/07/2013 | 13:22 GMT by
Andrew Saks McLeod
Admiral Markets Introduces Downloadable Solution For Apple Mac OS MetaTrader Compatibility
- As part of a corporate direction indicating at expanding the firm's reach, Admiral Markets has today launched a downloadable solution to enable error-free trading on Apple Mac with MetaTrader platforms.
Monday, 01/07/2013 | 09:48 GMT by
Andrew Saks McLeod
Forex investments gain momentum as a global trend
- How come Forex, as a means of investment, has come up on top as a global trend in 2022?
Monday, 03/10/2022 | 04:30 GMT by
OctaFx
CFTC Files Case Against Ex-MF Global CEO: Orders Firm To Pay $100 Million Penalty
- The CFTC today filed an order against ex-CEO of bankrupt firm MF Global for misappropriation and unlawful use of almost $1 billion of customer funds. If approved by the District Court, a $100 million penalty will apply.
Thursday, 27/06/2013 | 19:14 GMT by
Andrew Saks McLeod
LiveSquawk Reports 37% Increase In Retail FX Sign-Ups Following Launch Of Market Chartist
- In an exclusive interview with Forex Magnates, Harry Daniels, CEO of news analytics and technical analysis firm LiveSquawk confirmed that the firm has experienced a 37% increase in retail-signups since launching Market Chartist in January.
Thursday, 27/06/2013 | 12:13 GMT by
Andrew Saks McLeod
FxPro Partners with BeeksFX To Reduce Trade Execution Time As Race To Zero Goes Retail
- Gordon McArthur, CEO of BeeksFX today announced to Forex Magnates that the firm has entered a strategic partnership with FxPro Financial Services in order to provide low latency to the firm's retail FX traders.
Thursday, 27/06/2013 | 11:10 GMT by
Andrew Saks McLeod
Commodity Pool Fraud & Misappropriation Costs Capital Management Group $479,402 In CFTC Lawsuit
- The US Commodity Futures Trading Commission has demanded a fine just short of half a million dollars from Michael Gale of Littleton, Colorado for embezzling $900,000 of client funds, making false statements and misappropriation.
Wednesday, 26/06/2013 | 15:11 GMT by
Andrew Saks McLeod
Exclusive: Japanese FX Giant GMO CLICK Sets Eyes on UK
- Leading Japanese FX broker, GMO CLICK, is on its way to becoming the second Japanese origin firm to be granted FCA authorisation to provide financial services in the UK and Europe, the move follows its overseas extension in Hong Kong.
Wednesday, 26/06/2013 | 14:56 GMT by
Adil Siddiqui
Cypriot Regulator CySEC Grants Four CIF Licenses To New Arrivals In Cyprus
- Cypriot law firm MAP S. Platis has today confirmed that four FX firms have been granted CIF licenses by Cypriot regulator CySEC, further alluding to the island's attractiveness to firms wishing to enter the European market.
Wednesday, 26/06/2013 | 10:06 GMT by
Andrew Saks McLeod
MetaTrader Banned on Apple's App Store. What Does This Mean for Brokers?
- The ban is already making waves
Friday, 30/09/2022 | 14:47 GMT by
X Open Hub
CFTC Orders Penalties on Two Forex Frauds and Ponzi Schemes
- In separate statements, the CFTC announced that it had received two court orders against alleged forex frauds. The orders stemmed from cases that were charged against the defendants in March 2012 and September 2011.
Wednesday, 26/06/2013 | 06:47 GMT by
Ron Finberg
California takes on Bitcoin foundation with Cease-And-Desist
Wednesday, 26/06/2013 | 00:00 GMT by
FMAdmin Someone
Israel's FX Industry Leaders Continue To Speak Out On ISA's Regulatory Proposals
- Following yesterday's report that Israel's financial markets regulator the ISA is finalizing its new regulatory structure , senior industry executives provide their view to Forex Magnates on potential effect.
Tuesday, 25/06/2013 | 12:10 GMT by
Andrew Saks McLeod
CySEC Releases Announcement Confirming Reasoning for Handing LQD Markets €80,000 Penalty, Confirms Settlement
- Subsequent to yesterday's exclusive report by Forex Magnates that Cypriot regulator CySEC has demanded LQD Markets to pay 80,000 euros, the regulator today confirmed the reason for the imposition, and the total amount, now mutually settled in full.
Tuesday, 25/06/2013 | 10:16 GMT by
Andrew Saks McLeod
LQD Markets Required to Pay €80,000 by CySEC; Comes To Mutually Agreeable Settlement
- Cypriot regulator CySEC has today entered into a settlement with LQD Markets following the company's exclusive announcement to Forex Magnates regarding CySEC's issue of an €80,000 fine as rules tighten.
Monday, 24/06/2013 | 09:47 GMT by
Andrew Saks McLeod
What Is The Covesting Ecosystem And How Can Traders Benefit?
- Unprecedented benefits for traders
Wednesday, 28/09/2022 | 14:09 GMT by
Prime XBT
Exclusive: FXCM Speaks Out On Potentially Damaging Effects Of Israel's Proposed Regulatory Reform
- Following an exclusive revelation by Forex Magnates that Israel's ISA plans to impose extremely strict capital adequacy, leverage and client exposure rulings, FXCM voices extreme concern for domestic retail FX industry.
Monday, 24/06/2013 | 07:19 GMT by
Andrew Saks McLeod
Exclusive: Israel's Finance Committee Receives Stringent New Proposals From National Regulator On OTC Markets
- In an exclusive report by Forex Magnates, the State of Israel's Knesset Finance Committee has been presented with a set of detailed procedures for reforming regulations in Israel, relating to leverage, client funds and suitability of products to clients.
Monday, 24/06/2013 | 06:11 GMT by
Andrew Saks McLeod
Danish FSA Completes Two Month Inspection of Saxo Bank - No Irregularities Found
- A decline in Saxo Bank's revenue during 2012 prompted a full inspection of activities by the Danish regulatory authorities, which has now been completed with no irregularities found in adherance to rulings.
Saturday, 22/06/2013 | 19:40 GMT by
Andrew Saks McLeod
CySEC Bares Its Teeth: Trading Point Fined €5,000 For Infringement of Client Funds Regulations
- Cypriot regulator CySEC today demonstrated its commitment to monitoring of the administrative and compliance procedures of brokers in its jurisdiction by imposing a €5,000 administrative penalty on Trading Point.
Friday, 21/06/2013 | 15:29 GMT by
Andrew Saks McLeod
Executive Interview: Max Lebedev, CEO, Forex4You
- In this week's Forex Magnates Executive Interview, Max Lebedev, CEO of forex broker Forex4You discusses his company's business model and elaborates on the recent entry into the copy trading segment.
Friday, 21/06/2013 | 05:46 GMT by
Andrew Saks McLeod
US Court Orders Tony Hunter's 'Double Act Fraud' to Pay $11.7 million
- A U.S. District Court in North Carolina found FX and Commodity fraudster Tony Hunter who ran Prestige and D2W guilty of fraud and regulatory violations, the Order enforces a $11.7 million financial penalty.
Thursday, 20/06/2013 | 23:39 GMT by
Adil Siddiqui
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}