The UK's FCA has issued a warning regarding Managed Forex trading firm LEM Spreads and LE Management Ltd. The warning states that LEM is not authorised by the FCA, but apparently has been targeting people in the UK. LEM's website states that the company has two locations - one in the UK (in Oxford), and one…
Read moreCySEC issued a warning today to investors and traders concerning binary options firm Binary Floor. CySEC stated that is not regulated in Cyprus. On its website, BinaryFloor states that it is owned and operated by S.C. Binary Floor Online Ltd, Cyprus. The complete CySEC warning reads as follows, and can also be seen here. WARNING The…
Read moreThe US's big three - FXCM, Oanda and Forex.com (Gain Capital) - each led the way picking up $10M+ in new client assets in July.
Read moreAfter reporting stellar First Half 2014 results and seeing its share price hit a post-IPO high, the board of PSP company SafeCharge (LON:SCH) has grated 6 million options to senior employees and directors. About half of the overall grant, or options to buy 2,995,185 shares, was given to SafeCharge CEO David Avgi. CFO Tim Mickley received 250,000…
Read moreOne of the cardinal rules of investing is 'Buy the Rumor, Sell the News'. As such, conventional wisdom might have led us to believe that - after a runup in its share price leading to the announcement yesterday of its first half 2014 results - there might be a post-announcement letdown in the share price…
Read moreThe CFTC has announced a settlement with social trading giant Zulutrade, whereby Zulutrade will pay a fine of $150,000 and repay commissions earned of $80,000. The settlement involve charges that from 2010 to 2013 Zulutrade failed to follow procedures for screening clients from the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (OFAC) targeted countries.…
Read moreWas the news of the Royal Pregnancy leaked early to prop up the British Pound and the flagging 'No' vote in Scotland's upcoming independence referendum?
Read moreDATE: September 8, 2014 BY: Mark Drury BROKER: EBFX (or EurobondFX.com) TOPIC: Withdrawal EurobondFX (or EBFX) - I asked to withdraw all of my money on the 28th August 2014. I have still not received it even though I received an email confirming my withdrawal request. I can't get hold of customer care, they don't answer my calls.…
Read moreApparently someone has it in for CySEC Chairman Demetra Kalogirou. The following announcement went out via CySEC's website on Friday (original in Greek, edited Google Translate follows): The Chairman of the SEC Ms. Demetra Kalogirou complained to Police today, regarding the spreading of malicious phone messages (SMS) which seems to refer to her as the sender. Ms.…
Read moreLots of Forex M&A in the news lately. After buying both FXDD's and Alpari's US operations, leading retail forex broker FXCM (NYSE:FXCM) has now closed on a deal to buy IBFX's US and Australia clients. IBFX is a subsidiary of Japan's Monex Group. FXCM will be acquiring approximately $63 million in client equity and 13,000…
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