Tag Archives: forex regulation
Russian forex regulation, which is pending for more than 4 years since the first public conversations about it took place, may now be approaching the final stage: government approval. As usual there’s no official statement from the government except an …
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Russia commonly to refered to the ‘home’ of the ubiquitous Forex market is planning to fully regulate the spot FX market as a regulated asset class by 2013 according to Andrei Lozovoy a government representative. Retail investors have been heavily attracted to …
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4 more new forex licences were announced today for: Tera Securities Ata Invest Securities GCM Securities X Trade Brokers (XTB) – the first foreign broker to receive such a license This bring the total number of forex licences granted by …
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Ava FX just announced that it was authorized by ASIC to start operating in Australia. Ava Capital Markets Australia will offer Ava’s trading services to local and Asian traders. Australia has quickly become a major center for forex brokers trying to tap the Asian markets.
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FXCM moved fast to establish a Canadian offering to be able to attract former MF Global’s Canadian clients. FXCM which offered its Trading Station II platform through MF Global Canada now partnered with Friedberg Direct forming the FXCM Canada joint …
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NFA is doing an amazingly effective job at spitting in the well it drinks from. In fact NFA behaves not as a regulator but as a controlling shareholder of its members – as it basically does whatever it wants when it comes to requirements and ‘membership’ fees. NFA just declared a new ‘dividend’ for itself by aggressively raising membership fees which for some strange reason will now be in the region of 2% of forex broker’s gross (!) revenue instead of being a flat yearly fee like up until now. To the best of my knowledge NFA is the only forex dictator regulator charging percentage of volume and/or revenue instead of just charging same membership fee from everyone.
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In the wake of recent major reshuffling at FX Solutions, which includes replacing CEO Michael Cairns with David Trew, James Chen its Chief Technical Strategist has now moved to FXDD and will assume the role of Director of Technical Research …
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OANDA, the largest North American broker in terms of accounts, has recently achieved an FSA license. FSA licensing process is a very lenghty and costly procedure and OANDA probably initiated it well over a year ago – prior to leverage …
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On the same day that FDIC announced its plan to restrict retail forex trading its Australian peer ASIC also announced plans to further tighten local forex regulations. ASIC still is considering the most flexbile regulator out there more dealing with …
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Granted it has taken Israeli authorities more than 1.5 years since the first legislation offer but this has finally happened. According to Israeli newspaper Calcalist the new legislation by the ISA (Israeli Securities Authority) imposes several drastic changes on this …
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