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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
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
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
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
Retail FX

CySEC Warns against 5 Unregulated FX/CFDs Platforms

  • Four websites are still operating and offering trading services.
  • The regulator recently warned against other fraudsters and rogue platforms.
Wednesday, 25/01/2023 | 09:32 GMT by Damian Chmiel
Retail FX

FCA Adds 1,000 Employees in 2022 as Scrutiny Increases

  • Since the beginning of 2022, the FCA has warned of 1,800 potential financial frauds.
  • The regulator is stepping up its protection efforts as part of a 3-year strategy.
Wednesday, 21/12/2022 | 12:21 GMT by Damian Chmiel
Retail FX

FMA Warns against Crypto Fraudsters and Impersonators

  • Bay Exchange was providing crypto services without proper authorization.
  • Krypto Security was trying to impersonate the FMA's officials and extort consumer funds.
Monday, 12/12/2022 | 09:24 GMT by Damian Chmiel
Retail FX

FCA Warns Brokers against CFDs 'Poor Practices'

  • 80% of retail traders are losing money when investing in CFDs.
  • Some CFD providers are still using practices the FCA disagrees with.
Thursday, 01/12/2022 | 12:31 GMT by Damian Chmiel
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