Retail forex broker Colmex Pro gets €100,000 CySEC fine for misleading advertising and compliance failures LeapRate

December 27, 2016 BY LeapRate Staff

Retail forex broker Colmex Pro gets €100,000 CySEC fine for misleading advertising and compliance failures

Cyprus financial regulator CySEC has issued a €100,000 fine Colmex Pro Ltd for a series of compliance issues discovered by the regulator. The €100,000 fine breaks down as follows: €40,000 for nor properly informing clients of appropriate risks of trading, €30,000 for misleading advertising, €20,000 for operational risks not being properly addressed, €10,000 for other…

Good news for Bitcoin investors: Israel might cut tax on profit by half

December 18, 2016 BY LeapRate Staff

Israel retail forex licensing brings consolidation as Colmex buys Matach24.com

Israel business news source TheMarker is reporting a merger in the Israel retail forex arena, with Colmex buying popular trading site Matach24.com. 'Matach' is an acronym for 'foreign exchange' in Hebrew. Colmex is one of just six companies to have received a Dealers' license from the Israel Securities Authority (ISA), out of the 21 firms (including…

November 13, 2016 BY LeapRate Staff

Forex Industry Week Review: NFA cuts GBP leverage; Australia's new client money rules, Tickmill FCA license, and lots more…

In a week which will surely be remembered among all traders as Trump Week, Forex Industry News at LeapRate was appropriately dominated by government and regulator related actions - a theme which we expect to continue in the coming weeks. And you read about it first (or exclusively) at LeapRate. LeapRate broke the news of…

November 06, 2016 BY LeapRate Staff

Colmex becomes sixth recipient of an Israel Forex Broker license - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that the Israeli financial regulator the Israel Securities Authority (ISA) has issued a Dealers' license to a sixth retail forex broker, Colmex. Colmex Israel, or formally TGL Colmex Capital Markets Ltd., operates website colmex.co.il, and is a sister company of CySEC regulated Colmex Pro Ltd, which operates colmex.com and colmexpro.com. All the…

Tag: Colmex