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Latest News
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 [...]
ActivTrades Shows Record Revenues in H1 2020
London-based online broker ActivTrades announced that the company's financial results for the first half of the year will be higher than expected due to growing trading volumes and the number of customers. The company's revenue for the first half of [...]
ESMA Restrictions Impacted FXPro Revenue in 2019
The UK registered arm of international FX broker FXPro has reported disappointing financial results for FY2019, according to Finance Magnates. The broker indicated that they experienced a decline of 59% in revenue, which resulted in a loss of £221,724. In [...]
Commission News
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. [...]
Financial Commission Announces Execution Quality Certification of 4xCube
June 22, 2020, The Financial Commission today announces execution certification for 4xCube, 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. Verified [...]
Regulatory Actions
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 [...]
Australia’s Financial Complaints Authority Expels 680 Firms
Since Australia’s government launched a dedicated dispute resolution body for financial services in the country in 2018 the Australian Financial Complaints Authority (AFCA) has handled complaints filed by Australian residents against financial firms authorized by the Australian Securities and Investments [...]