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Latest News
GAIN Capital Seeks CySEC Authorization Ahead of Brexit
Our colleagues at Finance Magnates have confirmed that US-registered brokerage Gain Capital Holdings Inc (NYSE:GCAP), which is in plans to merge with StoneX at some point in 2020 is in the process of acquiring authorization from the Cyprus Securities and [...]
Don’t Forget About Account Inactivity Fees
Let this serve as a reminder to traders to check their brokerage accounts if they haven’t traded for a while - most online brokerages charge inactivity fees for periods when no traders or orders are placed in the account. If [...]
CMC Markets Reports Revenue Boost Above Consensus
In its latest trading update, UK registered broker CMC markets has indicated that their revenue performance has significantly improved for the first quarter of FY 2021. The broker indicated that client trading activity remained elevated at a level roughly twice [...]
Commission News
Financial Commission Announces Execution Quality Certification of Gann Markets
July 7, 2020, The Financial Commission today announces execution certification for Gann Markets, an approved member of the Commission using Verify My Trade, a “value-added” service launched several years ago to promote pricing and execution transparency in the Forex market. [...]
Scam ALERT: PROFXEXCHANGE, Bitfxtrades, Stock Trading Capital LTD, MottoFX, Royal Funds (White Rock Partners LTD), Digitalprofit247, and FXTRADES ONLINE Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of PROFXEXCHANGE, Bitfxtrades, Stock Trading Capital LTD, Royal Funds (White Rock Partners LTD), Digitalprofit247, MottoFX, and FXTRADES ONLINE. Upon reviewing the submitted information from potential [...]
Financial Commission Announces Execution Quality Certification of Garnet Trade
June 23, 2020, The Financial Commission today announces execution certification for Garnet Trade, an approved member of the Commission using Verify My Trade, a “value-added” service launched several years ago to promote pricing and execution transparency in the Forex market. [...]
Regulatory Actions
CySEC Withdraws PriorFX License and Announces Compensation
The Cyprus Securities and Exchange Commission (CySEC) last week announced the withdrawal of the Cyprus Investment Firm authorization of Prior Capital Cy Ltd, formerly known as PriorFX. The regulator indicated that they were “not satisfied with the company’s compliance with [...]
CySEC Withdraws License of Daweda Exchange After Discovery of Clone
The Cyprus Securities and Exchange Commission (SEC) has suspended the CIF authorization for Forex broker Daweda Exchange Ltd. following the discovery of a clone website and communications sent to customers of the broker. This follows the suspension of the CIF [...]
Italy’s CONSOB Blacklists More Firms
The Italian financial regulator, CONSOB continues to pursue firms that solicit Italian residents without proper authorization, including blocking the website of such firms on the territory of the country using Internet Service Providers (ISPs). The regular announced on Monday that [...]