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Retail FX
FCA Issues 1,716 Warnings About Unregistered Firms From April 2022 to March 2023
The regulator prevented 1 in 5 new consumer investment firms from entering the market.
Inquiries about potential scams have increased by 12% annually since 2020.
Friday, 08/12/2023 | 17:25 GMT
by
Jared Kirui
CryptoCurrency
Philippines Joins Global Crypto Crackdown on Binance
Philippines' SEC warns Binance for operating without a license, risking 21-year imprisonment for promoters.
The company faces global regulatory issues, including investigations in France and Singapore.
Wednesday, 29/11/2023 | 09:12 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 27 November: Argo Welcomes New CEO; HIVE Acquires Swedish Data Center
Also, the FCA issued a warning against VentureXchange.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 27/11/2023 | 10:35 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 21 November: FCA and FMA Warns against Clones and Fraudsters
Also, ASIC published enforcement plan; Plaid hires Adyen executive.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 21/11/2023 | 10:21 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 20 November: FMA and Consob New Warnings; LSEG Appoints New CFO
Also, The Trading Pit appoints the new Head of Dealing; Astra Financial and WeLab launch Bank Saqu.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 20/11/2023 | 12:04 GMT
by
Damian Chmiel
Retail FX
Cyprus Police Warn of Telephone Scam as Fraudsters Pose as Market Watchdogs
Fraudsters are posing as officials from Capital Market Commission in telephone scams.
CySEC has cautioned against fraudsters impersonating its officers.
Thursday, 16/11/2023 | 15:07 GMT
by
Jared Kirui
Retail FX
eToro Clone among Eight Entities Flagged by CNMV
The Spanish market watchdog updates its warning list.
One of the entities has a name very similar to eToro.
Monday, 13/11/2023 | 10:29 GMT
by
Damian Chmiel
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Retail FX
Santander’s Shadowy Twin Triggers FCA Warning
The British regulator warns against impersonating the popular bank.
This month is another warning from the FCA about a clone firm.
Wednesday, 08/11/2023 | 10:48 GMT
by
Damian Chmiel
Retail FX
Lirunex's Asian Expansion Faces Regulatory Hurdles in Malaysia
The broker's trading center in Kuala Lumpur has been running since 2022.
However, the SCM claims that Lirunex is operating without the necessary authorizations.
Thursday, 26/10/2023 | 10:19 GMT
by
Damian Chmiel
CryptoCurrency
FCA Targets 143 Entities, including Major Crypto Exchanges Huobi and KuCoin
On Sunday, the FCA expanded its warning list when the new crypto regulations kicked in.
The regulator claims two major cryptocurrency exchanges operate in the UK without authorization.
Monday, 09/10/2023 | 08:27 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 4 October: SEC Halts Ponzi Scheme; FCA Updates Warning List
Also, ClearBank broadens its Board; ABN Amro sells a stake in EMS to Fiserv.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 04/10/2023 | 09:28 GMT
by
Finance Magnates Staff
Retail FX
Beware the Doppelganger: UK FCA Exposes Fake BUX Trading Platform
FCA has warned against Trader BUX Markets.
As it turns out, it is the second clone of BUX in the UK within the last 12 months.
Tuesday, 19/09/2023 | 08:21 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 6 September: Zodia Expands into Abu Dhabi; Belgium FSA Issues New Warnings
Also, Strise secured $10.8 million in funding; Finalto Asia announced its new Head of Sales.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 06/09/2023 | 11:03 GMT
by
Finance Magnates Staff
Retail FX
News Nuggets | 7 August: FCA Warns against 20 Fraudulent Firms; Doo Group Hires Head of HR
Also, Fasset presents 'super-app'; Block axes its European venture and CS cuts jobs in HK.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 07/08/2023 | 11:41 GMT
by
Finance Magnates Staff
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Retail FX
News Nuggets | 17 July: LSEG's FX Head of Sales Departs; CNMV Warns against Illegal Firms
Also, Webull expand to ASX equities; BaFin Extends AML measures on N26.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Monday, 17/07/2023 | 11:40 GMT
by
Finance Magnates Staff
Retail FX
Consob Blocks Access to Clone Sites of E*TRADE and ActivTrades
The number of clones has increased significantly in 2023.
Last week, CySEC and the FCA also warned against clone companies.
Thursday, 29/06/2023 | 09:08 GMT
by
Damian Chmiel
Retail FX
CySEC Warns against OANDA TMS Clone Website
The Cypriot regulator published a new list of warnings today.
Among nine illegal entities was an OANDA TMS clone.
Thursday, 22/06/2023 | 09:09 GMT
by
Damian Chmiel
Retail FX
FCA Warns against eToro Clone Misusing License Number
The warning was issued against ExpoToro and TraToro.
This has been another clone of a popular social trading platform in recent years.
Wednesday, 21/06/2023 | 12:05 GMT
by
Damian Chmiel
Retail FX
FSMA Warns against 38 Unlicensed Forex, CFDs and Crypto Platforms
The regulator highlighted the dangers of using fraudulent platforms' services.
Many of them are still operational.
Monday, 05/06/2023 | 08:10 GMT
by
Damian Chmiel
Retail FX
Nadex Clone and Three Other Sites Blocked by Consob
None of these platforms is authorized to operate in Italy or any other EU country.
Consob blocked almost 900 websites in the last three years.
Friday, 26/05/2023 | 08:25 GMT
by
Damian Chmiel
Retail FX
Consob Blocked 855 Illegal Trading Platforms in 3 Years, Ads 5 More
Italy's Consob has been effectively blocking illegal trading websites since 2019.
To date, the supervisor has been able to halt 855 of them.
Monday, 20/03/2023 | 12:50 GMT
by
Damian Chmiel
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Retail FX
Rakuten Securities Hong Kong Warns Investors of Fraudulent Impersonators
Fraudulent actors are impersonating Rakuten Securities HK.
The number of clone companies increased in 2022 and the beginning of 2023.
Monday, 06/03/2023 | 11:53 GMT
by
Damian Chmiel
Retail FX
FSMA Warns against Webull Clone and 20 Other Unlicensed Platforms
According to Belgium's FSMA, listed platforms may extort money from investors.
A Clone of the WeBull trading brand is one of them.
Thursday, 23/02/2023 | 10:47 GMT
by
Damian Chmiel
Retail FX
CySEC Warns against Licensed Broker Clone
IMS Crypto uses the CIF license number of IMS Markets.
The latter is CySEC's authorized investment firm, the first is just a clone.
Thursday, 09/02/2023 | 13:41 GMT
by
Damian Chmiel
Retail FX
ESMA Sees High Market Risks and Warns of Further Declines
ESMA just presented its newest TRV Report for 2023.
The institution warns retailers of further possible market declines.
Thursday, 09/02/2023 | 12:32 GMT
by
Damian Chmiel
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