Retail Forex
America loses another forex broker: Advanced Markets withdraws its RFED license
24
2012
Updated with Advanced Market’s official response, below. The number of US retail forex brokers keeps plummeting with Advanced Markets, aka AMIFX, becomes the latest to withdraw its retail (RFED) license. The firm was today put on what NFA calls a …
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The Financial Services Authority (FSA) has fined two firms, Plus500UK Limited (Plus500) £205,128 and James Sharp and Company (James Sharp) £49,000 for failing to provide accurate and timely transaction reports to the FSA in respect of all the reportable transactions …
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NFA hits FXDD with another complaint though administrative in nature. Previously FXDD was charged for applying asymmetric slippage however current complaint deals with internal policies and focuses on FXDD’s AML policy: the NFA charges FXDD for failure to notice what …
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FX Fraudster, Crabapple Capital Group to Pay $2.6 million in Monetary Sanctions
23
2012
The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order requiring defendants Robert A. Christy of Milton, Ga., and his company, Crabapple Capital Group LLC (Crabapple) of Alpharetta, Ga., to pay over $2.6 million in …
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While perhaps not on the top of anyone’s lists for a growing forex market, Nigeria is quickly becoming a destination for brokers to market their products. Leading the interest in Nigeria has been the country’s rising fortune thanks to the …
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Following on proposals from the NFA, the CFTC has announced its proposals to amend regulations to enhance protections for customers with funds at FCMs and clearing organizations. The proposals will be open for comment for the next 60 days before …
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Tal Itzhak Ron and Ben Shalom, Tal Ron, Drihem and Co. Law Firm If you wish to set up your own online trading business, a plethora of trading systems, platforms and applications is available. Whether you choose your technology provider or …
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London Capital Group (LCG) has announced its financial trading update with revenues and income falling due to a decrease in trading volumes. LCG is blaming the shortfall on the third quarter’s low volatility. As a result, the broker reported a …
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GAIN Capital has just announced that it is launching a CFD platform called TRADE. The platform offers fixed spreads for commodity, index, and forex products. To court new users, the platform contains a a feature called Market DNA to allow …
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Spotware Systems, a leading provider of eFX technologies and developer of the cTrader platform, today announced that it has successfully attained the International Organization for Standardization certification (ISO 27001), earning the prestigious accreditation after nearly a year of independent, external …
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