Long Leaf Trading Group, Inc., a registered introducing broker, is taking heat from the US Commodity Futures Trading Commission. CFTC is grilling the broker for a handful of regulatory violations and failures involving a specific trading program. Time Means Money is one of the broker’s trading options, which the firm had purposely mishandled. According to …
CFTC Files Against Long Leaf for Million-Dollar Losses Read More »
INTL FCStone Financial has appointed Grant Garcia as its director of structured product sales. The company is the fixed income division of the similarly named group company. Garcia has nearly a decade of experience in big banks. As a result, the appointment has taken an immediate effect as updated on his Linkedin profile. He will …
Investors have been rushing to Swissquote’s trading platforms, as COVID-19 causes extreme market volatility. This was an announcement from the Swiss banking group in an update on Wednesday. As seen across the industry, Swissquote said that the first months of 2020 saw a strong increase in trading activity. It also saw a massive inflow of …
Three Cyprus-based FX brokers decided to cease providing any investment services in the UK, according to the FCA. These outgoing brokers are Maxiflex Ltd (EuropeFX), Maxigrid Limited (Dualix & AGM Markets), and Reliantco Investments Ltd (UFX). They have based the decision on notifications from their original regulator, CySEC. The FCA said existing UK account holders …
EuropeFX, Dualix, and UFX Stopped Trading in UK, says FCA Read More »
CMC Markets has published its financial results for its fiscal year, ending on the 31st of March 2020, on Thursday. It has revealed a strong year for the company, boosted by COVID-19 volatility in the final quarter of the year. Over the 12-month period, net operating income for the online trading provider was £252 million. …
Sharefounders, one among the famous brokers in the industry was one that real FX traders created. Since its founding in 2013, they have become experts in investing. Its philosophy stands out among its competitors in 2020, ShareFounders news reports. Trading isn’t a passive income, therefore a trader must involve themselves to urge profits from a …
Gaitame has uploaded its trading volume for the month of May. This was after reporting its best transaction volume in the retail broker’s history in March. It showed that volumes are returning back to the levels prior to coronavirus. In March 2020, during peak volatility amid COVID-19, Gaitame posted a transaction volume of ¥553.4 billion. …
Volumes Fall on Broker Gaitame As COVID-19 Volatility Drops Read More »
Pepperstone has secured a license from the Dubai Financial Services Authority (DFSA). This was a few months after incorporating its new subsidiary, Pepperstone Financial Services Limited, in the Dubai International Financial Center. Tamas Szabo, Group CEO of Pepperstone, is thankful for their presence in Dubai. Pepperstone can establish even closer ties with their clients in …
Pepperstone Secures DFSA License | Wibest Broker Read More »
The broker fraud saga continues. The Malta Financial Services Authority (MFSA) just warned against a firm that claims to be regulated. It turns out that ApexTrade Options Ltd, a Forex broker, was not a Maltese entity at all. According to the watchdog’s recent warning, the agency didn’t even know of, let alone authorize, the firm. …
Mediterranean Regulator MFSA Warns Against ApexTrade Options Read More »
The Boards of Charles Schwab and TD Ameritrade have invited their respective shareholders to agree on an all-stock merger. It was valued at $26 billion, despite many lawsuits challenging the deal. The discount brokers are taking their final step towards integration, and the mega-deal is not going on without criticism. According to almost identical disclosures …
Cboe Global Markets Inc. announced plans to open its Chicago site on June 8. Half of Cboe’s trading floor participants can expect to return to the reconfigured space next month. The exchange operator said, on Tuesday, that rigorous precautionary measures to limit exposure to the coronavirus include a different layout. This is to allow for …
Cboe Announces Reopening of Trading Floor June 8 Read More »
IG Group clients have reported problems using their trading terminals. Several users complained about problems logging into, or using the broker’s platforms on Thursday. There were also complaints about reaching their help phone lines. According to some traders, the problem had been resolved with their broker. But they were still unable to specify what the …
IG Group System-wide Outage Now Resolved | Wibest Broker Read More »
With the stock market as the biggest trend in the coronavirus economy, online investment firm eToro announced 13 million users. The platform saw the surge during the first four months of 2020. When measuring against the same period against the previous year, the firm saw its new users increase by 427 percent. Furthermore, these new …
eToro Sees Another Coronavirus Surge in Trading Volumes Read More »
RoboMarkets, announced this Tuesday that it will be reducing the minimum lot and order volume step for trading indices. Starting May 14th, it will change its trading conditions and reduce the minimum lot and order volume step for indices. Its clients will be able to trade indices with lower margin requirements under these new changes. …
Robomarkets Reduces Min. Lot and Order Vol. Step for Indices Read More »
Japanese financial services firm, Monex Group Inc., reported strong earnings on Thursday. These results were generated by its brokerage arm Monex Inc. for the fiscal year ending on March 31. The company revealed that its wholly-owned subsidiary generated a profit of ¥1.66 billion ($15.6 million). It ended considerably higher than 2019’s ¥688 million. The forex …
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