Latest News
After the Cancellation of Commissions, the Number of eToro Customers Grew by 153%
eToro was one of the first over-the-counter brokers to cancel stock trading commissions to attract new traders. Consequently, the number of people investing in stocks on the eToro platform has grown by 153% since the company abolished commissions, reported Forex [...]
FCA Publishes Estimated Broker Losses Due to CFD Restrictions
The UK Financial Conduct Authority (FCA) assessed the impact of CFD leverage limits on firm’s profits by reviewing the earnings and revenue estimates from sell-side analysts for two UK based CFD firms before and after the implementation of ESMA’s temporary [...]
Swissquote Reports Better Than Expected Profits for 2019
The popular European broker, Swissquote has just announced some preliminary profit figures for 2019 fiscal year which look promising. During the presentation of the 2018 full year figures, Swissquote announced an expected growth in net revenues of 5% to 10% [...]
Commission News
Scam ALERT: PremiumDax, Sterling Fx Trade, Nervic Fx Trade, BitFx, Expert 247 Option, ieoExpress, and Glad2trade Added to Warning List
The Financial Commission has been notified by concerned traders regarding the companies and associated websites of PremiumDax, Sterling Fx Trade, Nervic Fx Trade, BitFx, Expert 247 Option, ieoExpress, and Glad2trade. Upon reviewing the submitted information from potential [...]
Financial Commission Enhances ‘Check Your Broker’ Directory with Broker Profiles
December 26th, 2019, The Financial Commission today announces enhancements to its ‘Check Your Broker’ online directory with the addition of broker profiles. The update is intended to make it easier for traders to find out important information about a broker’s [...]
Financial Commission Announces Collective Investment Platform Certification for Share4you
December 11, 2019, The Financial Commission today announces the certification of collective investment platform service provider Share4you as part of its ongoing efforts to help ensure investors and authorized traders are operating in a fair and transparent environment with commonly accepted [...]
Regulatory Actions
CySEC to Compensate FXFINPRO’s Clients
The Cyprus Securities and Exchange (CySEC) has announced the commencement of the compensation procedures for PFX Financial Professionals Ltd clients. The company also has several brands under operation including FXFINPRO Capital and Finproinvest. CySEC invites the company clients to leave [...]
FIL Investment Management Ltd Fined HK$3.5m for Unauthorized Services
Fidelity Investments (FIL Investment Management) was fined by the Hong Kong Securities and Futures Commission (SFC) on HK$3.5 million for multiple breaches during 2007-2018, including unlicensed dealing in futures contracts, delay in reporting the breach to the SFC as well [...]
Russia’s Federation Council Approves New Best Practices Measures for Brokers
Russia’ upper house of Parliament, the Federation Council has passed a new legislation number 607338-7 which requires equities and other financial brokers to adhere to new ‘best practices’ aimed at assisting traders and investors and improving their experience. In [...]