Jonathan Baumgart, CEO, MoneyMatters.pl & Atomiq Consulting, expects continued growth in competition in the retail FX sector.
Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
Despite CySec instructing all brokers in Cyprus to desist from offering deposit bonuses and ensuring that they stick to a leverage limit of 1:50, some firms at the lower end of the market are not doing so – here is why, and here is how it can be stopped in order to preserve the reputation of the regulatory jurisdiction
MAP FinTech confirms exclusive EMIR reporting contract with vast majority of CySec-licensed firms – FinanceFeeds Exclusive
Despite the presence of many regulatory technology firms with EMIR reporting systems to offer, MAP FinTech now has the vast majority of EMIR-reporting firms with CySec licenses on its books
Breaking: CySec issues document instructing FX and binary firms to desist from offering deposit bonuses
Demetra Kalogerou, Chairman of CySec has issued a letter expressing her interest to ensure that FX and binary options firms desist from offering deposit bonuses, and takes a very conservative approach to leverage in OTC FX products.
We plumb the depths of a false advertising campaign which sets out to dupe customers into a fraudulent binary options scheme by promising very high returns and using Apple Appstore to normalize the experience. The firm itself, operated by convicted fraudsters, is notorious. We approach CySec and receive a very interesting response
Exclusive: ACFX website goes offline with company owing its IBs and customers a fortune – But where is CySec?
ACFX began restricting withdrawals to IBs and retail customers in April this year, and since then the entire management team fled. Now the website is offline with hundreds of thousands owed to customers, but CySec remains quiet the whole time. We detail our entire in depth investigation
If even Belize will not license firms with a history of malintent, why does Cyprus continue to entertain them? – Op Ed
A comprehensive look at the actions of other jurisdictions with regard to nefarious binary brands and retail B-bookers that have a less than enviable history, and how CySec continues to uphold their licenses as Belize cans the license of Banc de Binary.
Insolvent FX brokerage LQD Markets: CEO Nick Bang refuses to meet administrators, money missing from Cyprus
Just over a year and a half has passed since LQD Markets fell victim to the Swiss National Bank’s removal of the 1.20 peg on the EURCHF pair, however evidence has now been presented by the administrators that CEO Nick Bang is evading meetings despite special attempts, and client funds are missing from the firm’s records
FX trader which IronFX sued for defamation due to go to court in Germany. Court may uphold trader’s case
In May this year, German FX trader Patrizia Vigiani took to social media and public forums in which she cited IronFX’s […]
CySec has made tremendous steps to encourage good business practice in the most highly developed retail FX center on the planet. Here is what needs to happen next.
“CIFs will be expected to require that their sales staff be certified and registered in the Public Register, whilst they must also ensure to receive a regular and specific training.” – Constantina Economidou, Compliance and AML Officer, Leverate
As regulators and mainstream media bears down on binary options, technology and brokerage models must evolve.
FinanceFeeds spoke today to a senior CySec official who clarified that the regulator is absolutely not banning firms from remunerating on P&L or volume.
ACFX failing to pay withdrawals after license suspension, entire management leaves: FinanceFeeds investigates
Full investigation into ACFX – We interview staff, former employees, and clients with balances ranging from $1,500 to over $80,000 as withdrawals remain outstanding and management leave the firm.
Bogus inspectors claiming to be CySec officials are attempting to dupe retail customers.
Research carried out by FinanceFeeds over recent months has drawn a very interesting, and actually very promising indeed, that being…
Vinson FInancials, a retail FX brokerage which is based in Cyprus, has renounced its CySec license, as reported by the…
As with many instances of unrest, last week’s interruption of CySec Chairman Demetra Kalogerou’s keynote speech by a disgruntled individual…