Institutional Liquidity LLC (ILQ) has officially exited the US market, data from the website of the National Futures Association (NFA) have shown. As of January 21, 2015, the company has had all of its licenses with the US regulators withdrawn, including: • RETAIL FOREIGN EXCHANGE DEALER • NFA MEMBER • FOREX FIRM • FOREX DEALER…
Read moreOne Financial Markets, the FCA-regulated Forex broker that targets markets in the Middle East, has announced the opening of a new support office in Jeddah, Saudi Arabia. The opening of the new office marks another step in One Financial Markets' expansion plans across the Middle East and is a sign of the company's commitment to…
Read more(Former) clients of Alpari UK, the troubled retail Forex broker, have signaled to LeapRate that the website of the UK company – alpari.co.uk, as well as the websites of its subsidiaries, now redirects to the English version of the website of Alpari Russia. Indeed, visitors of alpari.co.uk and alpari.com are currently redirected to alpari-forex.com. To…
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies, also known as CRFIN, has been diligently performing its oversight functions of the Russian Forex market to the degree that its status of a self-regulatory organization permits. One of the main functions of CRFIN is to inform traders and investors of fraudulent projects and companies…
Read moreRetail Forex broker EXNESS has joined the growing group of companies taking extra measures to limit currency trading risks by adjusting margin requirements on certain trading instruments. The company has announced that it will raise margin requirements on a number of pairs, starting from February 16, 2015, with the changes applying to all trading account…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today issued a circular to Cyprus Investment Firms (CIFs) over the need to establish strict controls and monitor foreign exchange risks. The circular reminds all investment firms that the law, particularly Directive DI144-2007-14, obliges them to establish strategies and policies for taking up, managing, monitoring and mitigating the risks…
Read moreAlpari Russia is having issues with illicit use of the “PAMM account” trademark, it became clear today, as the retail Forex broker published an open letter to Forex Trend, warning the company to stop using the well-known designation for its services. In the open letter Alpari stresses that the PAMM methodology was developed by its…
Read moreEarlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…
Read moreSaxo Bank, the Danish retail Forex broker and bank, earlier today revealed a set of strong operating metrics for the first month of 2015, with average daily volumes rising on an annual and monthly basis. The average daily volumes (ADV) reached $14.4 billion in the first month of 2015, marking a rise of 15.2% against…
Read moreDukascopy Bank and its arm Dukascopy Europe will reduce the maximum leverage on currency pairs with the Danish krone to 1:10. The changes will be effective as of February 8, 2015 (Monday) and will affect positions with EUR/DKK (Euro vs Danish krone) and USD/DKK (US dollar vs Danish krone), the company said in an announcement.…
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