Latest News
Industry News: Europe Signals It May Amend MiFiDII in 2020
The European Commission is set to review some key elements of the MiFiDII legislation that went into effect in January 2018, which have had a negative effect on operating costs and overhead for many financial firms in Europe, including Forex [...]
Brokers Starting To Adjust Leverage for HKD As Unrest in Hong Kong Grows
The signs that the civil unrest in Hong Kong will only get worse before it gets better have been appearing in the last few weeks. Previously, the Hong Kong SFC signaled it will increase compensation limits for investors trading in [...]
Industry News: CLS Releasing Its First Volume Dataset Product for FX Forward Market
CLS, a market infrastructure group providing risk mitigation and settlement services announcing the release of an FX Forward Volume dataset as part of its comprehensive suite of executed trade data products. The FX Forward dataset will focus on outright forwards [...]
Commission News
Financial Commission Announces FXB Trading Membership Ceased
November 19, 2019, Financial Commission, a leading external dispute resolution (EDR) organization catering to the financial services industry today announces that the membership status of FXB Trading (Fazco Capital Ltd.) has ceased following a breach of contractual obligations. In order [...]
Scam ALERT: BinBull, Vortex Finances, DirectTradeOption, Paidoption24, World Trade Profit, and NewRichMarkets Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of BinBull, Vortex Finances, DirectTradeOption, Paidoption24, World Trade Profit, and NewRichMarkets Upon reviewing the submitted information from potential customers of these brokers, the [...]
Financial Commission Announces Participation in Upcoming Finance Magnates London Summit
October 30th, 2019, The Financial Commission today announces its participation in the 2019 Finance Magnates London Summit, which will take place November 12-13th at Old Billingsgate in London, United Kingdom. All interested parties are invited to book a private meeting [...]
Regulatory Actions
The FCA Issues Warning Regarding Several Unauthorised Companies
The Financial Conduct Authority (FCA UK) has recently warned the public of unregulated companies providing financial services on the territory of the United Kingdom without its authorization. These companies are: JP Morgan Asset Management (clone of FCA authorised firms) Telephone: [...]
Regulatory Actions: Italy’s CONSOB Blocks More Unauthorized Broker Websites
Finance Feeds has reported today that Italy’s Companies and Exchange Commission (CONSOB) has blocked more websites of unauthorized trading firms in the country by using the so-called “Growth Decree”. Among the new companies blocked are: Lion Finance Ltd (https://cfd2fxpro.com) Globalix [...]
Regulatory Actions: CySEC Revokes AFX License and Begins Accepting Customer Disputes
Following a tumultuous several months for Cyprus and UK registered broker AFX, the company has now had its Cypriot Forex license revoked by the Cyprus Securities and Exchange Commission. The actions of the regulator come as no surprise, as the [...]