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Illegal trading platforms
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Regulation
‘A Lighter Regulatory Touch’? FCA’s Enforcement Cases Plummet in FY 22/23
2023-07-10T20:11:40.453+02:00
The number of cases that the FCA opened dropped from 190 to 100 in FY22/23.
The British watchdog said its enforcement approach remains 'unchanged'.
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Retail FX
French Regulators Blacklist 14 Illegal Forex Trading Platforms
2023-07-07T19:53:23.007+02:00
The AMF recently warned investors against illegal automated trading robots.
The UK's financial regulator flagged a clone of Interactive Brokers on Friday.
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CryptoCurrency
Binance France under Probe over ‘Illegal’ Crypto Service, Money Laundering: Report
2023-06-16T21:09:13.124+02:00
The investigation has been ongoing since February 2022, Le Monde reported.
Binance dismissed the report as "not news," says inspection 'the norm'.
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Retail FX
SVG Brokers Seek New Home in Other Jurisdictions after Regulator's Deadline
2023-06-13T20:59:39.620+02:00
FSA introduced the policy in the wake of rising fraud claims against FX trading firms.
However, some see the rule as a 'checkbox exercise'.
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Retail FX
UK, New Zealand Regulators Slam 46 Illegal Trading Platforms
2023-06-12T18:53:11.058+02:00
The platforms offer trading in FX/CFDs, stock and cryptocurrency.
The FMA said Market Radar and Rolvi Trade's customers cannot withdraw funds.
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Retail FX
FCA Flags 26 Illegal Trading and Investment Platforms
2023-05-29T19:19:51.516+02:00
The watchdog flagged three clone platforms for impersonating authorized firms.
The platforms are mainly online FX trading platforms.
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Retail FX
UK Flags Plus500 Clone, Italy Blocks ‘XTB Empire,’ 3 Others
2023-05-12T15:43:11.247+02:00
The clone operates via www.fxplus500.co.uk.
Italy's CONSOB blacklisted 'VirtuFinance', Activ4X and Goldy Deal.
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Retail FX
Nigeria’s SEC Blacklists Six Online Trading Platforms
2023-05-01T22:16:54.423+02:00
Some of the platforms include Prime Invest, FXBoxed and New Finance LLC.
The Nigerian watchdog is also considering allowing asset-backed tokens.
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Retail FX
CySEC Warns against 8 Illegal FX/CFDs Trading Platforms
2023-04-24T19:01:34.857+02:00
The Cypriot regulators flagged six websites in March and five in January.
Recently, three CySEC-registered FX/CFDs broker encountered problems.
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Retail FX
UK Regulator Flags Down Saxo 24 FX, One Zero Trade
2023-04-14T22:27:32.295+02:00
The FCA did not state if they are clones of Saxo Bank and OneZero Financial.
The British regulator is seeking greater investor protection with its three-year strategy.
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Retail FX
Italy's CONSOB Blocks Aquilafx, EuroCryptoFX, 3 Other Websites
2023-04-06T17:10:11.698+02:00
CONSOB has now blocked 871 illegal websites over three years.
CySEC blacklisted six unauthorized online trading websites last month.
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CryptoCurrency
CFTC Sues Binance, CEO for Illegal Derivatives Exchange: “Numerous Violations”
2023-03-27T19:17:54.152+02:00
The derivatives regulator described Binance's compliance process as a "sham."
CFTC also charged Binance's ex-CCO, Samuel Lim
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Retail FX
CySEC Blacklists Six Online Trading Websites
2023-03-09T22:14:08.254+02:00
Three of the websites share the same branding.
CySEC kicked against five other unregulated trading platforms in January.
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Retail FX
French Regulators Uncover 15 Illegal Forex Platforms
2022-12-21T20:01:47.498+02:00
The number of blacklisted forex sites dropped 30% to 49 in 2022.
The number of French retail investors declined by 35% during Q3 2022.
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Retail FX
Germany’s BaFin Says Trading Platform GTS Financial Not Authorized
2022-09-19T15:41:31.410+02:00
GTS Financial is not under BaFin's supervision.
The regulator last month flagged LiquiTrade Limited.
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Retail FX
Italy’s CONSOB Orders Black Out of Five New Illegal Websites
2022-09-15T21:39:11.564+02:00
CONSOB has now blacklisted 754 illegal websites since July 2019.
The regulator has flagged down 28 illegal websites in the last five months.
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