The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Classic Brand Europe. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…
Read more
The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. The US non-farm payroll population reported 157,000 in July, a sharp drop from the previous month's 213,000 and the expected 190,000. The data disappointed the market and caused the dollar to fall. Fortunately, the US unemployment rate fell back to 3.9%, the…
Read more
Continuing a somewhat troubling downward trend (see chart below), Copenhagen based Retail FX broker Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 17% during July, totaling $316 billion versus $380 billion in June. Within that total FX trading volumes were down 19%, to $226 billion,…
Read more
Coinsource, the Bitcoin ATM operator, has just announced that it has added 17 new machines in Florida, surpassing the 200 machine milestone. With five machines already in Jacksonville, the network is expanding within the state to meet increasing consumer demand. Coinsource is the first ATM operator to reach over 200 machines and recently announced that…
Read more
After reporting record results in Q1 things seems to have cooled off somewhat during Q2 at X Trade Brokers Dom Maklerski SA (WSE:XTB). X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q2 2018 Revenues came in PLN 84.2 million (USD $22.8 million), down 26% from Q1's record at…
Read more
Non-Zero (www.non-zero.io), which recently announced the Ethereum main-net launch of its retail financial markets blockchain platform, has announced that it has continued to build its management team. The company is led by Hadi Kabalan, as CEO. He has multiple years of experience in the tech and financial industries, holding the title of Executive Director at…
Read more
Consolidation in the Retail FX space continues. Australian-owned Retail Forex and CFDs brokerage group AxiCorp, which primarily operates the AxiTrader brand, has announced that it will acquire FCA regulated C B Financial Services Ltd, which operates the One Financial Markets (OFM) brand. The deal is predominantly cash-based and will be subject to customary regulatory approvals.…
Read more
Mauritius financial regulator the Financial Services Commission (FSC) has announced that an entity in the name of Coinoptions trade is falsely claiming to hold an Investment Dealer (Discount Broker) License, bearing licence number C112010791, purportedly issued by the FSC Mauritius on 03 May 2012. The FSC Mauritius has informed that Coinoptions trade and/or any other…
Read more
The Amman Stock Exchange (ASE) has just announced that it has started to adopt the tradition of ringing the bell to announce the start of the daily trading session in the ASE, this tradition came in order to increase attention to the stock market and to honor the distinguished guests, companies and people that have…
Read more
It may be a little surprising to know that Microsoft and Starbucks have teamed up on a new beverage-cryptocurrency product. Shortly after McDonalds announced that they will be offering the MacCoin to honour the 50th anniversary of the Big Mac, Starbucks is the other large consumer company that has recently joined the cryptocurrency payment solutions.…
Read more