Forex Capital Trading sued for unconscionable conduct and conflicted remuneration LeapRate

July 17, 2020 BY Steffy Bogdanova

Forex Capital Trading sued for unconscionable conduct and conflicted remuneration

The Australian regulator also alleges that Forex CT contravened a ban on conflicted remuneration under the Corporations Act by paying account manager bonuses primarily based on client “net deposits” (total client deposits less withdrawals) and failed to act in the best interests of clients. This may add a maximum civil penalty of $1,000,000 for the…

July 16, 2020 BY Valentina Kirilova

Daily Market News: Twitter share price takes a hit on security concerns

Burberry cutting 500 jobs London-listed shares soared yesterday, with the FTSE 100 closing the day 1.8% up. Similar to the US, it was vaccine optimism driving prices higher, along with a surprise 0.6% June inflation figure, above estimates for the month but still well below the 2% targeted by the Bank of England. International Consolidated…

July 16, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a modest comeback

EUROPEAN SHARES European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…

July 15, 2020 BY Steffy Bogdanova

StarkMarkets and Libra Markets appear on FMA warning list

The New Zealand watchdog found that Stark Markets appears to not be a registered financial service provider in New Zealand. The British Colummbia Securities Commission of Canada found that the website https://starkmarkets.com and its associated entities are named as “StarkMarkets, operated by SWISSGEMS Ltd. and Krisimark Ltd”. FMA also discovered that Libra Markets is not a registered…

July 14, 2020 BY Valentina Kirilova

Daily Market News: Volatile session sees Tesla jump 14% then sink to a loss

London-listed stocks close higher before US selloff The FTSE 100 and FTSE 250 closed the day on a high, closing before the winds shifted in the US later on Monday, with both finishing more than 1% up. A variety of sectors helped the FTSE 100 higher, with brokerage Hargreaves Lansdown, pest control business Rentokil and…

July 14, 2020 BY Steffy Bogdanova

Project Ubin shows commercial potential with the completion of its final phase

Chia Song Hwee, Deputy Chief Executive Officer, Temasek, said: Blockchain technology has great potential in transforming businesses and opening up new business opportunities. Phase 5 of Project Ubin has demonstrated the commercial applicability, viability and benefits of blockchain technology across industries, beyond capital markets and trade finance. This validates Temasek’s efforts in exploring and building…

July 13, 2020 BY Valentina Kirilova

Weekly data preview: BoC and ECB in view

The unusually large amount of releases affecting GBPAUD this week means that traders should prepare for the possibility of significantly higher volatility. Short-term opportunities in both directions look likely ahead of the crucial Australian job data and claimant count change on Thursday. Key data this week Bold indicates the most important releases for this symbol.…

July 13, 2020 BY Steffy Bogdanova

Forex Insiders and World Markets appear on FMA warning list

The New Zealand watchdog found that Forex Insiders appears to be offering unrealistically high and guaranteed returns. The company is also not a registered as financial service provider in New Zealand. FMA also discovered that World Markets is not a registered financial service provider in New Zealand. FMA provided details of the bank account used by World…

July 13, 2020 BY Steffy Bogdanova

Former officer of Wonderful Wealth Group convicted and fined $20K for unlicensed activities

The SFC discovered that from July to September 2012, solicited two customers to invest in a WWGL-operated investment scheme with futures contracts and options. Chan guaranteed a 5% monthly return rate in three months’ time. The investors gave a total of $850,000 a d lost approximately $710,000. The Hong Kong regulator found that WWGL dealt…

July 10, 2020 BY Steffy Bogdanova

Australia FX broker USGFX enters into voluntary administration, blames ASIC

Retail FX brokerage group USGFX set up its UK subsidiary Union Standard International Group Limited in November 2019. The company had applied for and received an FCA license for USGFX UK, which became effective on November 5. In December 2019 ASIC announced that the Federal Court in Sydney issueed asset restraint orders against Corporate Authorised…

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Forex Capital Trading sued for unconscionable conduct and conflicted remuneration

Daily Market News: Twitter share price takes a hit on security concerns

Daily market commentary: The US dollar is staging a modest comeback

StarkMarkets and Libra Markets appear on FMA warning list

Daily Market News: Volatile session sees Tesla jump 14% then sink to a loss

Project Ubin shows commercial potential with the completion of its final phase

Weekly data preview: BoC and ECB in view

Forex Insiders and World Markets appear on FMA warning list

Former officer of Wonderful Wealth Group convicted and fined $20K for unlicensed activities

Australia FX broker USGFX enters into voluntary administration, blames ASIC

AJ Bell’s Assets Under Administration Rise to £90.4bn

Monex Group to Acquire 20% Stake in Westfield Capital Management

LSEG Risk Intelligence and Docusign Partner to Boost Digital Contract Security

WisdomTree Partners with Marex On Structured Products Linked to ETFs

Interactive Brokers Launches Home Savings Account in Canada