Only 32% of the respondents were aware that their investments are covered by the FSCS.
The volume of requests concerning sponsorship jumped 300% last year, data from ARPP’s latest newsletter shows.
Jonathan Baumgart, CEO, MoneyMatters.pl & Atomiq Consulting, expects continued growth in competition in the retail FX sector.
“In the end the regulators want a situation whereby there are a few large providers who are regulatory compliant with whom they have a good working relationship and all the small businesses, closed down …and that is what they will get!” – Simon Bird, Managing Partner, Onbjectivus Financial Consulting
It will no doubt come as very good news indeed that the binary options business is beginning to be suffocated by the global regulator and government level discourse against it, as well as the public awakening, in that the shadow cast over our industry by it is likely to disappear, however the damage done will take time to repair
Why is IronFX still licensed when it owes a fortune in unpaid tax to the very country that licenses it and fails to pay withdrawals? Why does the FCA license undercapitalized firms? The real quality in this industry is the result of the excellence, hard work and dedication of the professionals that lead the electronic trading industry, not the impotence of some of the regulators. It is time for customers to look at firms on a meritocratic basis and not just who is regulating them
Recent M&A deals have been hundreds of millions as massive venues mop up institutional FX firms – not retail client bases for a few million. We examine in great detail what will cause consolidation this year and why it will be much higher up the ecosystem and for very high values, including perspectives from senior industry figures.
ASIC to encourage financial technology development – Firms can test their systems and onboard up to 100 retail clients with no license
“”Fintech and start-up businesses now have more pathways than ever to begin testing the viability of innovative financial services and credit services consumers, before incurring many of the regulatory costs normally associated with running their business,” – John Price, Commissioner, ASIC
Why FX brokers are leaving traditional regulated regions and going offshore: We speak to FXPIG CEO Kevin Murcko
“Most people agree that the FCA, CySEC, and ASIC are either no longer accepting applicants from non-multinational size participants or are in the process of pushing retail FX onto low leverage exchanges” – Kevin Murcko, CEO, FXPIG
Citing increasing regulatory demands, FXPIG has relocated its operations from New Zealand to the Pacific island of Vanuatu after 7 years in establishment
If top quality firms in top quality jurisdictions are being subjected to regulatory pressure and increasing restriction, why are conmen selling false educational software and bogus trading courses allowed to continue to circumvent regulation?
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.
As the net closes in on the fraudulent binary options sector, many brands are now attempting to make a step toward offering FX. When bearing in mind how Tier 1 banks are restricting genuine liquidity to well established firms, the understanding and knowledge that is required to run a bona fide FX firm, and the complete difference in background and career path of leaders, these claims should be viewed with extreme caution
Yes, trading errors occur occasionally, however this particular incident is perhaps more alarming when considering that City of London Markets completed the year ended 30 September 2015 with a turnover of just £25,674
Massive retail FX revival in America on the way as Donald Trump’s transition team begins abolishing the Dodd-Frank Act
As the Republican Party’s transition team begins to invoke its policies, one item on the agenda is the abolition of the Dodd-Frank Act which caused many retail FX firms to exit the US market. With top quality consumer protection and a highly organized retail financial markets sector, could the US become once again a global focus for the FX industry? We take a look
Retail FX brokers beware! Banks not opening accounts for FX firms, meaning client funds and broker capital is at risk
Mainstream banks are continuing to decline the opening of accounts for FX brokerages in which to hold client funds and operating capital […]
Brokerages with genuine regulatory licenses and substantial low-deposit business in non-regulated regions […]
‘Fringe’ FX brokers claiming to be regulated when they are not, illegally accepting US customers, and displaying false certificates
We take a look at how certain companies in offshore jurisdictions claim to be regulated, when they are not […]
The boiler room and bucket shop have existed in stock trading for 146 years. Our industry, within just 10 years, is