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ICMarkets To Charge Customers for Equity CFD Data Fees
Recent regulatory filings highlighting financial performance by online brokerages around the world have shown that companies are cashing in on various fees passed on to traders, including inactivity fees and the like. Today, ICMarkets, an Australian based brokerage, has announced [...]
SwissQuote Announces Solid Revenue and Profits for H1 2020
Online brokerage SwissQuote, a prominent brand in Switzerland for FX and CFDs has posted an update on their financial metrics for the first half of 2020. The brokerage announced that its operating revenues have jumped 38.9% to CHF 162.7 million [...]
Belarusian Forex Paralyzed Amid Protests
Against the background of the unrest caused by the results of the presidential elections in the Republic of Belarus, access to the global Internet was turned off throughout the country, which, in turn, stopped the operations of almost all forex [...]
Commission News
Dr. Demetrios Zamboglou Relinquishes DRC Expert Role with New Appointment As COO of Credit Financier Invest
August 12th, 2020, The Financial Commission today announces that Dispute Resolution Committee (DRC) member Dr. Demetrios Zamboglou has joined Middle East based Credit Financier Invest (CFI) in the capacity of Chief Operating Officer (COO). With the new role of COO, [...]
Financial Commission Posts Record Resolution Times Among Key Metrics In July Complaints Digest
August 5th, 2020, The Financial Commission announces its operating metrics for the month of July 2020 as part of its monthly Complaints Digest. The organization experienced a slowdown in new complaints as traders headed into the summer months and market [...]
Scam ALERT: Primetrade, Alpha24trade, Highoption, and Diamondforexoptions Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of Primetrade, Alpha24trade, Highoption, and Diamondforexoptions. Upon reviewing the submitted information from potential customers of these brokers, the Financial Commission has determined that the indicated [...]
Regulatory Actions
US Regulators Fine Interactive Brokers $38 Million
The large institutional brokerage Interactive Brokers LLC, based in the United States has been fined by US regulatory authorities for AML and reporting failures, according to the US Securities and Exchange Commission (SEC) notice, published today. The SEC reported that [...]
Italy’s CONSOB Adds Seven Firms to Blacklist
Italy’s financial markets regulator, known as the Commissione Nazionale per le Società e la Borsa (CONSOB) has announced the blacklisting of seven more unauthorized firms known to have been operating in Italy and soliciting clients. The firms have now been [...]
CNMV Spain Issues Warnings Against Multiple Firms
Spain’s financial regulator, CNMV has published a warning to investors indicating unauthorized firms who are known to have operated in the country. The list includes the following Forex and digital asset firms, which has also previously appeared in warnings from [...]