Forex True Zone

The Board of of the CySEC issued a liberate today for existing clients of Falcon Brokers Ltd, informing them that Falcon Brokers lost its Republic of Cyprus Investment Firm (CIF) potency inwards March of this twelvemonth for not complying alongside department 28(1) of the Investment Services as well as Activities as well as Regulated Markets Law of 2007. Under existing fiscal regulations inwards Cyprus, firms that lose their license are required yesteryear police to air current downwards all operations as well as refund all client funds inside 3 months. However, the CySEC said that Falcon Brokers has non followed physical care for as well as existing clients volition straight off produce got to seek restitution from the Investor Compensation Fund (ICF). The regulator likewise mentioned that Falcon Brokers has non responded to CySEC inquires since March: “The CySEC has non been able to communicate alongside the Company from the appointment of the withdrawal of its authoriz

Global turnover on LocalBitcoins, the largest P2P Bitcoin trading venue inwards the world, hitting an all-time high of $15.983,254 USD final week. The reading is non surprising equally the cost of the digital currency hitting a high of $722, final Friday. The final fourth dimension Bitcoin was trading virtually $700 - outset of July, 2016 - global turnover on LocalBitcoins was $12,620,648. While global book hitting an all-time high, LocalBitcoins turnover inwards USA , Brazil, Malaysia, Sweden in addition to Venezuela also hitting a novel record, according to charts past times Coin.dance . In the United States, book for final calendar week came inwards at $8,133,592 - simply a flake higher than the previous tape for the calendar week ending on 2016-08-20, which was $8,099,706. Brazil: LocalBitcoins book for final calendar week inwards Brazil was 336,789 Brazilian real, a flake higher than the previous tape on 2016-06-18, which was R$320,108. LocalBitcoins volumes inwards

Embed from Getty Images Swiss Federal Railways (SBB), the national railway companionship of Switzerland, has announced it volition travel selling Bitcoin at all SBB ticket machines. Travelers volition travel able to purchase the digital currency via their smartphone past times precisely scanning a QR code displayed on ticket machine. The novel functionality volition larn alive on all ticket machines on Nov 11, 2016. Travelers volition travel allowed to purchase Bitcoin worth upward to CHF 500, amongst a minimum purchase every bit depression every bit CHF 20, at 794+ SBB railway stations across the country. SBB ticket machines alone get got difficult currency, “You cannot overstep upward Bitcoin past times credit card,” states SBB. Images via SBB Bitcoin-buyers volition travel verified amongst an SMS message, which volition incorporate a safety code that is necessary to consummate the transaction. Only Swiss mobile band numbers volition travel allowed to purchase digital c

The Hong Kong SFC has issued simply about other warning against simply about other unregulated broker: Cressida Limited. The unlicensed fiscal consulting describe of piece of employment solid claims to endure offering existent estate, unusual exchange, fiscal derivatives as well as equities trading & investment services, out of an address inwards Hong Kong. The FSC has stated inwards their warning that Cressida Limited does non convey a presence inwards the region: “The society gives the inwards a higher house Hong Kong address but it is non located there.” Cressida Limited claims to endure the “largest privately brokerage/consulting describe of piece of employment solid inwards Hong Kong,” but their domain (cressidaltd.com) was alone registered final year, according to data obtained from ICANN . The management department of the Cressida Limited website too contains no existent photographs of whatsoever of the employees, alone names as well as empty icons are shown! C

Swiss-based Forex broker Dukascopy has announced that leverage on all currency pairs volition survive reduced on the States Election day, citing odd volatility in addition to unpredictable marketplace liquidity. In particular, Dukascopy volition survive reducing leverage on the USD/MXN couplet to 1:10, 2 days prior to the election, on Nov 6, spell all other FX pairs volition bring leverage ratios trimmed on Tuesday, Nov viii at 10:00 GMT. Dukascopy has clarified that alone accounts amongst balances inward excess of $30,000 USD volition survive dependent area to the leverage reductions: “All other accounts (under USD 30,000 or equivalent) that sense a pregnant growth of equity due to net turn a profit or deposit on Tuesday viii Nov volition survive treated on a case-by-case basis.” For most of the criterion FX pairs, leverage during the election volition survive reduced to criterion weekend levels (1:30), amongst some exotic pairs similar CAD/HKD, EUR/TRY in addition to HKD/JP

Image credit: Third Sector The Financial Conduct Authority (FCA) inward the UK of Britain too Northern Republic of Ireland has issued a warning against London-based SLStrade.com, an unlicensed Forex broker: “This describe solid is non authorised past times us too is targeting people inward the UK. Based upon data nosotros hold, nosotros believe it is carrying on regulated activities which involve authorisation.” The FCA has advised investors to banking concern represent the legal condition of each fiscal describe solid alongside the Financial Services Register . Firms that are non on this listing or the Interim Permission Register should live on avoided too reported immediately. FCA’s alert against SLS trading comes on the heels of multiple complaints lodged against the describe solid on ForexPeaceArmy , a forum for FX traders. One user alleges that a broker at SLStrade past times the advert Michael Dobson - who was using a photograph of Carlos Slim Domit every mo his p

The Hong Kong SFC has levied penalties against multiple Forex brokers this twelvemonth too the means has warned against several unlicensed FX draw solid this month, which convey names resembling reputable brokers similar Plus500 . For instance, concluding week, the SFC sent out a alarm against Option500 (www.option500.com), which has been soliciting investors inwards Hong Kong too overseas. The unlicensed fellowship claims to move based inwards the Great Britain too has a real similar-sounding mention to British FX broker Plus500 - a regulated entity too a recognizable build mention inwards the industry. SFC's alarm reads: The fiscal regulator inwards Cyprus, the CySEC, too warned nearly Option500 inwards Oct of concluding year, maxim the fellowship “is non permitted to supply investment too ancillary services inwards the Republic, pursuant to Investment Services too Activities too Regulated Markets Law.” Several old clients convey too defendant Option500 of fra

Forex broker Alpari unveiled its novel offices inwards the trouble concern district of the isle patch of Mauritius. Alpari’s novel international headquarters are situated inwards the Maeva Tower, located inwards the Mauritius’ Cybercity data technology scientific discipline hub, inwards Ebene. According to Alpari’s announcement, the high levels of investor confidentiality, along amongst a favorable trouble concern climate in addition to progressive legal system, played a fundamental purpose inwards convincing Alpari administration to relocate to the isle nation. Ebene Cybercity at dusk, By Starts (Own work) [CC0], via Wikimedia Commons While Alpari has been licensed to operate inwards the small-scale isle patch since 2013, the determination to deed the firm’s headquarters to Republic of Mauritius was made later several meetings took house betwixt Alpari administration in addition to Mauritian authorities, including Prakash Maunthrooa, Senior Advisor to the Prime Minister.

Cyprus’ fiscal regulator, the CySEC, has imposed a hefty €225,000 monetary penalisation on XFR Financial Ltd, nurture fellowship of Forex & CFDs broker Xtrade.com. The fine breaks downward into seven sections ; €70.000 for providing investment advice without authorization; €10.000 for failing to hold adequate controls for adventure of failure; €10.000 for a weak internal operational manual; €40.000 for failing to human activity professionally inwards awarding trading bonuses to clients; €40.000 for providing misleading data to customers together with potential clients; €15.000 for providing inaccurate data virtually nature of fiscal instruments to potential clients; €40.000 for failing to inquire clients to furnish adequate information. This is non the kickoff event of XFR Financial running into issues alongside regulators. In July, 2016, the British Columbia Securities Commission issued a alarm against XFR Financial for soliciting together with opening accounts for Canadia

Image credit: plubee.com Commission de Surveillance du Secteur Financier (CSSF), the Grand Duchy of Luxembourg way tasked amongst overseeing the activities of fiscal entities inwards the country, has issued a alert against Millionet Investment Management Limited. Millionet’s website (millionetasia.com) claims the companionship is headquartered inwards Luxembourg, amongst offices inwards Asia, Europe, Africa in addition to the Middle East, however, CSSF has said that Millionet has no license to offering whatsoever form of investment products to residents of Luxembourg: “The CSSF informs the populace that the entity Millionet Investment Management Limited is unknown to it in addition to that the entity has non been granted the authorization required to render investment, fund administration or other fiscal services inwards or from Luxembourg.“ The Investor Benefits page claims that clients tin move create goodness yesteryear having their accounts managed yesteryear experienc

The Hong Kong Securities as well as Futures Commission (SFC) has fined FXCM Asia Limited (HK FXCM) HK$4 i chiliad one thousand for asymmetric slippage of customers' FX orders betwixt Dec 2006 as well as Dec 2010. An investigation past times the SFC establish that HK FXCM netted US$1.4 i chiliad one thousand inward profits over a four-year catamenia from unfairly executing customers’ forex trades. “During the Relevant Period, a full of US$1,452,926.69 Positive Slippage was retained past times the FXCM Group including HK FXCM.“ According to the Statement of Disciplinary Action , HK FXCM operated a no dealing desk (NDD) model, however, when the trouble solid executed FX trades on behalf of clients alongside external liquidity providers, “FXCM Group including HK FXCM kept the Positive Slippage which is the divergence betwixt the master requested toll as well as the ameliorate price,” says the SFC. But inward the cases where orders had a worse toll when executed alongside an e

FxPro, winner of the ‘Best FX Provider’ at the 2016 City of London Wealth Management Awards, released its quarterly execution statistics yesterday. The companionship began publicly disclosing lodge slippage too re-quote percentages inwards August of this year. According to yesterday’s press release , during the months of July, August too September; overall positive lodge slippage was 36.23 percent; negative slippage came inwards at 27.81 percent; orders execute at quote made upwardly 35.96 percent of all orders. As for the re-quotes: 4.26% of all orders were re-quoted, amongst 1.99% receiving a improve re-quote too 2.27% receiving a worse quote. Comparison to previous information released on August 22, 2016: The figures demo that positive lodge slippage on FxPro has dropped yesteryear 13.22 percent over the previous quarter. At quote execution has jumped to 35.96 percent from 30.15, however, negative lodge slippage has increased yesteryear 7.41 percent inwards the 3rd quart

Luxembourg-based bitcoin telephone substitution Bitstamp, ane of the start out digital currency exchanges inward the European Union to survive regulated yesteryear the Grand Duchy of Luxembourg Financial Industry Supervisory Commission this year, has announced that traders tin dismiss straightaway initiate Bitcoin deposits in addition to withdrawals straight via TREZOR hardware wallet. The TREZOR wallet is manufactured yesteryear Czech-based SatoshiLabs , a companionship amongst a stellar reputation inward the digital currency industry. The trouble solid is too known for launching the start out Bitcoin mining pool, SlushPool, during the early on days of the digital currency movement. Hardware bitcoin wallets are much to a greater extent than secure than online wallets similar Blockchain.info in addition to criterion PC wallets, which are vulnerable to a diversity of hacking attacks. Bitstamp has taken numerous steps to insure the safety in addition to privacy of their customers

Boston-based mobile payments theatre Circle has opened upward funding via European debit cards for electrical flow clients inwards the United Kingdom of Great Britain too Northern Ireland & Europe. Prior to today’s announcement, users were solely able to charge their Circle accounts alongside cards issued inwards the U.S.A. too UK. The novel options likewise let some European Union citizens to concur & transfer euros amid their friends too household unit of measurement members, too fifty-fifty cross-border at the force of a push on their mobile. Circle unveiled the novel funding options inwards tandem alongside the launch of their app inwards Kingdom of Spain too Republic of Ireland today, which gives citizens of those countries the mightiness to transportation cash inwards a P2P fashion alongside minimal cost. Circle Co-Founders Jeremy allaire too Sean Neville explicate inwards their blog post : “For example, our United Kingdom of Great Britain too Northern Ireland too

Luxembourg's fiscal regulator, Commission de Surveillance du Secteur Financier (CSSF), has issued a alert today against Zidex Financials, a Forex broker that claims to survive regulated past times the CSSF. Today’s CSSF announcement clearly indicates that is non the case: “The CSSF informs Blue Planet that the entity Zidex Financials is non supervised past times the CSSF in addition to has non been granted the potency required to supply banking and/or fiscal services inwards or from Luxembourg.“ The firm’s website says claims that it’s headquartered inwards Grand Duchy of Luxembourg (5th flooring 58 boulevard majestic 2887 Grand Duchy of Luxembourg city, Luxembourg), however, the company’s contact page lists an address inwards Lincoln, Nebraska, USA. Financial regulators inwards Europe are scrambling to effect warnings equally unlicensed in addition to fraudulent FX, Binary Options & CFD brokers are springing upwardly similar mushrooms across the region. Last week,

The fiscal regulatory trunk inwards Republic of Cyprus (The Republic of Cyprus Securities in addition to Exchange Commission) announced today that FX broker icetrader.com - owned in addition to operated past times CIF Glistentree Holdings Ltd - has renounced its Republic of Cyprus Investment Firm license in addition to volition last winding downwards operations. Icetrader’s website forthwith lists instructions for clients to take remaining funds. The CySEC press liberate doesn’t state whatever specific argue for the firm’s drastic actions, only the way mentioned that monetary penalties were levied against i of the company’s shareholders inwards September. Danny Rothman (Daniel Rubinstein), shareholder of CIF Glistentree Holdings, was fined €100.000 for submitting forged academic titles in addition to falsified revenue enhancement statements to the CySEC. The Board of the Cyprus Securities Exchange Commission too banned Mr. Rothman from the fiscal manufacture for v years in

Image credit London-based LMAX, a multilateral trading facility for FX together with i of the most recognizable names inwards the fiscal services manufacture & interbank currency markets, is mulling a deed to Republic of Ireland inwards the resultant that Brexit negotiations neglect to save unmarried marketplace seat together with City passporting rights for fiscal firms inwards the UK: “LMAX Exchange volition start regulatory filings inwards Republic of Ireland inwards Jan 2017, if no U.K. Government assurances are received.” According to the LMAX press release, the companionship would hold out forced to seek licensing inwards 22 European states, assuming passporting rights are revoked at around point, “The electrical flow doubtfulness well-nigh the hereafter of unmarried marketplace seat access for the City of London, way that UK-based firms, such every bit LMAX Exchange, an FCA regulated MTF together with broker, stimulate got to seek rule inwards European Union states,”

Canadian crypto-currency telephone commutation QuadrigaCX has announced several novel improvements to its service today. The firm’s newsletter states that Interac e-Transfer limits convey been bumped upwards to $3,000 per 24h. QuadrigaCX has 1 of the close demanding KYC/AML customer verification procedures inward the industry, requiring clients to consummate a credit verification via Equifax. The Vancouver-based telephone commutation likewise unveiled its novel Cash Delivery withdrawal option. Clients tin asking difficult currency to last delivered via traditional postal service for a two pct fee in addition to an additional $20 surcharge: “Cash is shipped amongst a tracking lay out via Canada Post, Purolator or UPS in addition to thence that you lot tin follow its path to your hands from 1 of these reputable delivery services.” The novel withdrawal method is capped at $5000 CAD in addition to has a minimum threshold of $500 CAD.

Canadian digital healthcare platform AskTheDoctor.com, which allows patients amongst sensitive wellness inquiries to consult a licensed physical online, has begun accepting Bitcoin payments for services. AskTheDoctor was launched inwards 2010 in addition to and the platform has chop-chop grown to include millions of users from virtually every solid position down inwards the world. The fellowship framed the integration of Bitcoin equally a to a greater extent than privacy-oriented payment method for users who would similar unopen to added confidentiality, which isn’t currently available amongst credit bill of fare payments. Prakash Chand, CEO of AskTheDoctor, explains: “Many of our users inquire extremely sensitive questions from teenage pregnancy to STD's to drug utilization that they are equally good afraid to larn to their ain doctor’s utilization to larn aid for. On summit of that, many users don’t desire their household unit of measurement members to know. While it does b

Photo of AMF edifice inwards Paris By Albert Bergonzo (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons Autorité des Marchés Financiers (AMF), the French fiscal regulator, has issued a alert against iii unlicensed Forex brokers operating inwards France: Original Markets LTD, Marshall Advanced Innovation too UTC Invest. At press time, the websites for Original Markets LTD (bloomcapitalmarkets.com) too Marshall Advanced Innovation (ksftrade.com) are unresponsive, acre UTC Invest (utcinvest.com) is yet accessible. The French fiscal watchdog has urged investors to banking concern check the listing of unauthorized & unlicensed Forex dealers operating inwards the province earlier signing upwardly amongst whatever item broker. The AMF likewise keeps a listing of approved fiscal services firms too advises potential clients to solely comport delineate of piece of occupation organization amongst firms on that list: “If the intermedia

ForexClub, a retail FX broker based inwards St. Vincent & the Grenadines, has received a license to run inside the Russian Federation from the Bank of Russia. Influenza A virus subtype H5N1 fossil oil English linguistic communication translation of the announcement reads: “The Bank of Russian Federation has decided to grant a license of a professional person securities marketplace player for forex dealer activities Limited Liability Company Forex Club.” Since the showtime of 2016 - when Russia’s novel laws for Forex dealers took effect, requiring all dealers inwards the province to last licensed - exclusively five firms accept been granted blessing past times the Bank of Russia. Embed from Getty Images Including ForexClub, the 4 other firms allowed to run inwards Russian Federation at this fourth dimension are VTB 24 Forex, FINAM Forex, TeleTrade together with TrustForex, according to LeapRate. Unlike other nations where a especial regulatory torso is tasked amongst o

The MaidSafe developer squad completed its equity fund-raising circular today on BnkToTheFuture.com , raising an impressive $1,581,191 from 240 backers & qualifying investors. The 30-day funding circular began on the twelfth of September as well as gave investors the risk to snap upwards 6.25% of equity inward the ambitious startup. Scotland-based MaidSafe was looking to heighten betwixt £1.75-£2 1000000 to halt evolution of its decentralized file storage network, which rewards cloud storage providers on the SAFE network with Safecoins - digital tokens used past times uploaders to pay for storage space. “With this investment circular nosotros are seeking to accelerate progress farther past times adding functionality as well as working towards the beta version as well as beyond.” Our investment circular is complete. Many cheers to the 240 @BankToTheFuture investors who contributed £1.3m to assist us decentralise the web. — MaidSafe (@maidsafe) October 12, 2016 The MaidS

San Francisco-based telephone substitution Kraken launched vi REP-based pairs concluding week. Today, the telephone substitution announced 2X margin trading for iii pairs: REP/XBT, REP/ETH too REP/EUR. Per the announcement, margin traders on Kraken volition last express past times the tier verification grade of their account; Tier 1 is express to 200 REP; Tier ii to K REP; Tier 3 maxes out at 2500 REP; throttle for Tier iv is gear upwards to 5000 REP. Although margin trading is available on guide pairs, Kraken has stated that REP balances can’t last used equally collateral for opening margin seat on other instruments, “For this argue you lot should e'er hold adequate balances inwards other collateral currencies to hold your margin positions,” writes Kraken. The REP Augur token was likewise added to Swiss-based automated telephone substitution ShapeShift.io yesterday. Emily, ShapeShift's caput of marketing, Jaxx announced back upwards for the Augur token concludi

London-based Sonali Bank (UK) Limited (SBUK) has been fined £3,250,600 yesteryear the Financial Conduct Authority (FCA) for failing to boot the bucket on adequate KYC/AML checks on its customers. In improver to the monetary penalty, the fiscal watchdog forbade SBUK to convey novel client deposits for a menses of 168 days. The heavy-handed penalties for Sonali Bank came afterwards several warnings yesteryear the FCA. The way had conducted several inspections that revealed multiple violations of diverse anti-money laundering rules yesteryear SBUK employees. FCA states : “Despite having previously received clear warnings virtually serious weaknesses inwards its AML controls, SBUK failed to hold adequate AML systems betwixt twenty August 2010 as well as 21 July 2014.” The FCA also went afterwards the bank’s quondam coin laundering compliance officer, Steven Smith, who was fined £17,900 as well as barred from acting inwards like capacity at other regulated fiscal institutions inwa