The MFSA has just updated its policy on online forex trading service providers, licensed as Category 2 or Category 3 Investment Service Licence holders. Key changes are its threshold in relation to the requirement of a direct qualifying shareholding by a licensed entity and enhanced consumer protection warnings.
Read moreASIC today provided an update on its regulation of US-based online brokerage firm Interactive Brokers Group, Inc. (NASDAQ:IBKR). Last week, the Australian Securities & Investments Commission (ASIC) halted Interactive Brokers (IB) Forex OTC services within the country. Back in December 2013, ASIC granted an extended a no-action position to IB regarding its FX business on the basis…
Read moreAustralia’s financial regulator told Interactive Brokers Group Inc. to stop offering OTC currency trading services, ASIC withdrew it's "no-action position" regarding the U.S based firm having the proper license to operate down under...
Read moreCySec has issued a warning that Cedar Finance is not authorized to operate as it did not comply with the prerequisites for license activation, however the firm now operates under the holding firm of PM Investment Capital, whereas last year its license was revoked when operating as T.B.S.F
Read moreFxPulp's license has been suspended by CySec, with a 10 day period having been provided for the firm to comply with irregularities highlighted by the regulator. During this period, the firm must return client funds and profits
Read moreFTSL officially obtained its license (259/14) with the Cyprus Securities and Exchange Commission (CySEC) on November 26, 2014 and is now awaiting for the activation of that license
Read moreJoins Saxo Bank and IG Group in growing SA market.
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