Regulation

FCA Finds That Brokerage Firms Fail to Deliver Best Execution to Customers

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Findings detailed in the latest FCA Thematic Review of Best execution and payment for order flow amongst 36 brokerages, are detailing how companies in the industry largely fail in delivering best execution.
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NFA Slams the Door on ILQ on Its Way out from the US with Massive Fine

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After ILQ already dropped its Retail Foreign Exchange Dealer License in April, the NFA now placed a permanent ban from membership on the firm and orders it to pay a fine and restitution of about $350,00.
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Trying to Sue Your FX/CFD Broker? In Israel It Might Cost You Dearly

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The Tel Aviv District Court rejected an Israeli trader’s claim that Atrade, a local subsidiary of AvaTrade, profited from client losses and fined him NIS 75,000 to pay the broker for compensation.
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Hong Kong Listed Broker Gets Monetary Penalty for Misleading Advertisement

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Hong Kong regulated broker, Bright Smart Securities fined for publishing advertisement with incorrect information. The penalty was issued by the financial watchdog, the Securities and Futures Commission.
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Lloyds Banking Group Faces over $200 Million Fine in LIBOR Manipulation Charges

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The British and American regulators have settled against Lloyds Banking Group plc and affiliates for false trade reporting and the manipulation of LIBOR & Repo Rates, levying the third highest fine by the FCA.
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FX Business In Cyprus? Troika States Fiscal Targets Exceeded Significantly

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According to an announcement jointly issued by the European Commission, the ECB and the IMF, fiscal prudence in Cyprus is exceeding targets, FX companies in the region have less to worry about after Troika review.
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CRFIN Blacklists Global Trust Investment, Unrealistic Returns from Forex

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The Russian over-the-counter FX self-regulatory organisation has announced on its website that the entity named Global Trust Investment has been blacklisted due to promising unrealistic returns from forex trading.
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Bitcoin Picks: Negative Feedback to BitLicenses and Is Dogecoin Doomed?

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Last week’s bitcoin news was headlined by an announcement from the New York Department of Financial Securities (NYDFS) that it had created proposed guidelines for the issuance of BitLicenses. The licenses would provide regulation for bitcoin companies in the financial …
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Slovene Securities Market Agency Issues Warning against Worth Ltd

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The Slovene Securities Market Agency has issued a warning to investors about the activities of the Worth Ltd, which is operating through the site name VenetFX, having failed to obtain proper authorization.
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ECB’s Website Attacked: Sensitive Data Intact, Personal Info Compromised

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According to an ECB spokesperson contacted by Forex Magnates the website itself never went blank, the breach has been identified after an extortion email has been received asking for monetary compensation.
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Digital Currencies

Expert Articles

Startups & New products

Bug Bounties Pay as CrowdCurity Scores $1M in Tim Draper Led Venture Funding Round

In January, Forex Magnates covered web security firm CrowdCurity. Following traction of their offering, CrowdCurity has announced that they have received $1 million in a...

Litecoin falling hard, cracks $7, threatening new 2014 lows

After a few weeks of quiet, Litecoin (LTC) has resumed its lengthy fall, once again breaking through the $7 mark to $6.97 minutes ago. Litecoin has...

Blackcoin resumes slide, approaches key 0.125 mBTC level

Blackcoin (BC) resumed its slide after getting a boost one week ago, when it broke its earlier slump and spiked 30% in less than 24h....

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How Do I Know What The Right Leverage Is For Me?

When trading fx, you can benefit from something called leverage, which is a concept widely applied in the fx market to enable you trade larger...

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Are Binary Options A Form Of Gambling?

Whether Binary Options are gambling is a question asked far and wide, asked by traders, brokers, regulators, and other interested parties - so let's settle...

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In Lean Times, Which Marketing Tactics Are Necessary For Brokers?

When volumes are down, a lot of brokers stop spending on marketing. It makes some sense because when volumes are down, volatility is down, however...

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New Product Spotlight

Screenshot of IBM Stock in Options Master

PFSOFT Upgrades Protrader with New Option Master Tool for Stock Options

The new Option Master tool complements the multi-asset aspect of PFSOFT’s Protrader platform, equipping stock options traders with the same functionalities as futures, stock and forex trading offer.
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Copy Trading Update: Tradency Integrates Mirror Trader with cTrader

cTrader continues its expansion into the copy trading space as only a few weeks after Myfxbook, Tradency comes to the fray, with full integration of the platform into its Mirror Trader social trading solution.
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