LeapRate Exclusive... LeapRate has learned that the once-bustling offices of retail forex broker ACFX have been sitting empty now for more than a month, with some clients claiming that they have been unable to withdraw funds from their accounts over the past few weeks. For visitors to the Forex hotbed of Limassol, Cyprus, ACFX's offices…
Read moreBVI regulated brokerage Forex4you incorporated as E-Global Trade & Finance Group, Inc. announced this week that the firm has developed and introduced its own liquidity aggregator and order execution technology called MarketPlace. It will provide a new tech “engine” for automated advisors and trading strategies – order execution is faster and more reliable. MarketPlace – is software that aggregates…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that the U.S. District Court for the Northern District of Illinois entered a Consent Order for permanent injunction against David Bryant of Los Angeles County, California. The Order requires David Bryant to pay a $3 million civil monetary penalty, plus $3,087,343 in restitution. The Order also imposes…
Read moreLondon based XTX Markets today found out that it ranks 9th in the overall global FX market share ranking in the annual Euromoney FX survey for 2016. XTX has also ranked 4th for global FX Spot market share and 3rd for global FX Spot e-trading market share. This is significant because XTX is the only non-bank to make…
Read moreThe EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…
Read moreThe EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…
Read moreGlobal digital asset exchange Kraken today shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors. During a scheduled and long-awaited Creditor’s Meeting in Tokyo, Trustee Nobuaki Kobayashi announced today that 24,750 creditors have filed claims to date. The total amount claimed to date was 263,519,268,303,371 JPY, or approximately $2,411,412,137,427 USD, though…
Read moreJapan's legislature The National Diet passed a bill today to regulate operators of Bitcoin and virtual currency exchanges. The Japan Times reported that under the revised law, virtual currency exchange operators are required to register with the Financial Services Agency (FSA) of Japan. The agency will be authorized to conduct on-site inspections and issue administrative orders as needed. The…
Read moreUS financial regulator CFTC has issued two notices about fairly large fines totaling $425 million being levied against banking giant Citigroup Inc (NYSE:C). In Notice #1, the CFTC has ordered Citibank, N.A. and Japanese affiliates to pay a $175 million penalty for attempted manipulation of Yen LIBOR and Euroyen TIBOR, and false reporting of Euroyen TIBOR and…
Read moreIs this the first step by US regulators to possibly ban altogether highly leveraged retail forex trading?
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