Effex Capital: NFA used FXCM case to further efforts to eliminate OTC retail FX
NFA allegedly exceeded its delegated authority by using its investigation of FXCM “in furtherance of its self-serving efforts to eliminate OTC retail forex trading”.
Retail FX
Purchasers exercise full over-allotment option for GAIN Capital’s convertible notes due 2022
The initial purchasers have made full use of their option to buy extra $12 million in aggregate principal amount of the notes.
FxPro shuts down social trading service SuperTrader
The page dedicated to SuperTrader is no longer available on FxPro’s website and it is no longer possible to open an SuperTrader account.
CFTC goes after Forex fraudsters falsely claiming to have accounts at FXCM
A part of the fraudulent scheme designed by Blackbox Pulse and Unique Forex managers was the false claim that these companies have accounts at FXCM.
Boston Technologies founder George Popescu banned from being a company director for 12 years in UK
George Popescu has been banned from acting as a company director in the UK for 12 years for selling his firm, Boston Prime, without disclosing the sale and that ‘adjustments’ of $3.33million (about £2.5million) to clients’ trading accounts were disputed.
FXCM seeks to distance itself from Global Brokerage problems
In a press release, FXCM claims it has “no responsibility or obligation for GLBR’s debt or other obligations”.
Transparency in the FX industry: AvaTrade responds to FinanceFeeds research
This morning, FinanceFeeds took AvaTrade to task over an email sent to its affiliate network in which a competitor and its service provider were the subject of derision in an attempt to onboard clients. In a victory for transparency, the company responded and has made steps to rectify the matter
Russia’s CCI recommends amendments to proposals affecting foreign FX websites
The Chamber of Commerce and Industry wants the proposals to feature options for appealing the decisions of the Bank of Russia in court.
Monex to terminate offering of Monex Signal service
A drop in the number of users of the service is the reason for the closure of investment advice service.
AvaTrade resorts to rumor-mongering and competition-bashing in an attempt to secure affiliate deals
Companies that resort to attacking competitors rather than succeeding on their own merits are fortunately very rare in the FX industry, and are usually insignificant. Today, AvaTrade makes an aggressive diatribe against CySec regulated brand and its provider. We examine why this is poor practice and should be frowned upon
KVB Kunlun’s exec director Ng Chee Hung Frederick resigns
Mr Ng attributed his resignation to “future personal engagements”.
FinanceFeeds Cyprus Cup FX industry networking event to be held on September 21 – Registration now open
Meet over 100 senior FX industry executives at the 12th FinanceFeeds Cup FX industry networking event at the Limassol Yacht Club in Cyprus on September 21 this year
NY Judge orders consolidation of two cases brought by ex-FXCM clients
The two cases claiming damages suffered by the broker clients as a result of the undisclosed relationship between FXCM and Effex Capital are now consolidated.
FinanceFeeds becomes the first ever international B2B FX industry portal to register a .cn TLD in mainland China
A milestone in connecting the FX industry across the entire world with a vital Chinese B2B audience has now been completed as FinanceFeeds has successfully registered a government-issued Chinese domain. FinanceFeeds.cn will go live in just a matter of days, bringing China to you, and taking your business across China
Kevin Ryan becomes Director at OANDA Europe
Mr Ryan, OANDA’s VP of Finance, joins director ranks of OANDA Europe, effective August 11, 2017.
GAIN Capital set to entirely dominate American retail FX as it prepares $80 million cash raise
GAIN Capital is beginning to implement its plan of expansion. We examine why it could well form an almost monopolistic environment in the United States retail FX market
Online trading, offline marketing – eToro goes on a Tube journey into the Ether(eum)
Social trading is dead. Or is it? It depends how you look at it. Where others have long since gone, one particular company is taking a very unique view, right here in London – We take a look
One year after binary options ban implementation, fraudsters keep targeting Belgians
Belgium’s FSMA says binary options fraudsters continue to target Belgian investors in the face of regulations.
NFA seeks to dismiss case brought by Effex Capital, involved in FXCM US troubles
NFA files a Motion to Dismiss the amended complaint by the plaintiffs citing “failure to state a claim”.
