The Australian Securities and Investments Commission (ASIC) has commenced Federal Court proceedings against online trading platform eToro, alleging breaches of design and distribution rules. The suit focuses on eToro’s contract for difference (CFD) product, a high-risk leveraged derivatives contract that allows users to speculate on various underlying assets’ price movements. On August 3, ASIC announcedRead More
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FXonspot and Lincoln FX ended up in the FCA’s warning list
The UK’s Financial Conduct Authority (FCA) has issued warnings against FXonspot and Lincoln FX. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government,Read More
The FCA warns against AGMarket and Kodimax brokers
The UK’s Financial Conduct Authority (FCA) has issued warnings against AGMarket and Kodimax. The regulator said the brokers have been providing financial services and products targeting people in the UK without being licensed. The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, andRead More
The SP500 Tries to Remain Bullish
The benchmark of all equity indices – the SP500 index – traded above 4,500 USD on Monday evening, trying to defend its short-term uptrend. Rising Yields Still Not Causing Concerns Investors continue to ignore rising yields, along with the Federal Reserve’s (Fed) aggressiveness in tightening monetary policy. US yields continued to increase sharply on Monday,Read More
Austria’s FMA has warned against Swissinv24 and FX NextGen
The Austrian Financial Market Authority (FMA) warns the public against the activities of two forex brokers Swissinv24 and FX NextGen. These companies have been offering investments without complying with Austrian financial legislation. According to the official statements, these brokers are not entitled to carry out banking transactions in Austria that require a licence. The AustrianRead More
RoyalFunds and LV Grow Markets end up in CONSOB’s warning list
Italy’s financial markets and services provider regulator CONSOB has updated its warning list with the brokers who are not licensed to operate in Italy. RoyalFunds and LV Grow Markets happened to get into the list. These firms have been offering investment services and activities to the Italian public without being authorized in the country. CommissioneRead More
Oil Remains Volatile, Outlook Neutral After Friday’s Collapse
Friday’s ultimate crash brought the West Texas Intermediate (WTI) benchmark from 78 USD to 68 USD as panic selling hit the markets, following news that a new COVID variant has emerged in South Africa. Stocks plunged, yields cratered, and oil collapsed. Monday saw some dip buying in most of the assets as US equities erased most ofRead More
HFM Launches New Cent Account With Cent Balance
The broker continues to enhance its account types to ensure optimal client satisfaction HFM, the global multi-asset broker, recently introduced the Cent account, an innovative account type that enables traders to engage in trading with cent lots. This feature facilitates the opening of significantly smaller positions and allows users to measure their balance in cents.Read More
The Diesel Crisis Is Going Global
Prices for US diesel in the spot market of New York harbor have risen more than 265% since President Biden took the oath of office in 2021 Almost every region on the planet will face a diesel shortage this winter The global diesel markets are facing a perfect storm as capacities tighten and stocks runRead More
Mastercard introduces Crypto Source to bring crypto trading capabilities to banks
Mastercard today introduces Crypto Source, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. In partnership with regulated and licensed crypto custody providers, Mastercard’s financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with provenRead More