The UK’s Financial Conduct Authority (FCA) has issued warnings against Fun Managers and ProCapitalMarkets brokers. 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 UKRead More
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Financial Options AFS licence has been cancelled by ASIC
ASIC has cancelled the Australian Financial Services (AFS) licence of Financial Options Pty Ltd (Financial Options) and also has permanently banned Queensland-based financial adviser Mr. William John Henry Houwing from providing financial services. Previously, in August 2019 we talked about the suspension of the company’s license. Mr. Houwing, of Esk, was a director and authorisedRead More
Forex Brokers Unprofitability – July 2021
It is the beginning of the third quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers. Most of the brokers have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites. The provided percentage shows the numberRead More
Fintech company ATFX launched biometric facial recognition
Fintech company ATFX announced that it has launched a new face recognition technology for customers to open trading accounts. It is reported that this new service is to ensure that it can provide customers with security. This face recognition technology will verify customer identity when opening an account online. It is currently tested in theRead More
Belgium FSMA warns against Beflix and Trade Idea brokers
The Financial Services and Markets Authority (FSMA) warns the public against the activities of Beflix and Trade Idea who are unlawfully operating in Belgium. The regulator has added that these trading platforms try to arouse consumers’ curiosity by placing scam ads on social media such as Facebook. In these fake ads, a well-known person oftenRead More
Global fintech company TigerWit receives Hong Kong SFC license
UK-headquartered global financial technology company TigerWit has announced that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Hong Kong is a major global financial hub and receiving this licence represents an important development for TigerWit, as the firm sees continued expansion and growth for its trading servicesRead More
GO Markets announced sponsorship with Chelsea FC as Official Online Trading Partner
As the premier league season opens for action, GO Markets has announced about teaming up with Chelsea Football Club as their Official Online Trading Partner. As one of the world’s leading football clubs, Chelsea FC has a history of success achieved through discipline, technical skill and leading performance, just like GO Markets, they compete at the highest level andRead More
eToro Introduces SocialSentiment Portfolio, Giving Retail Traders Access to ESG Companies
eToro, a leading global investment platform, has launched a new portfolio, SocialSentiment, that provides retail traders with exposure to US firms with solid ESG (Environmental, Social, and Governance) performance and high levels of positive social chatter. eToro eToro introduces SocialSentiment portfolio in partnership with Sentifi, an alternative data provider, that uses Artificial Intelligence (AI) technologyRead More
EU Passes Crypto Regulation Bill
The European Union has passed a landmark piece of legislation aimed at regulating the digital asset market. The 28 to 1 member-state lawmakers voted to pass the Markets in Crypto Assets Regulation (MiCA) bill, which will come into effect in 2024. The Markets in Crypto Assets regulation (MiCA) lets providers of wallets and other cryptoRead More
Global GT: Traders, Gear Up & Start Your Engines!
Global GT announced its loudest Promotion ever run to date. 30 winners of this “Start Your Engines” Promotion will be chosen randomly through a Lucky Draw and will be offered Grand and Cash Prizes worth a total of US$25,000. Grand Prizes include 2 BMW G 310 GS of the 40 Years GS Edition, 1 Apple MacBook Pro M1 Chip 13 and 2 Apple iPhones 13 Pro. CashRead More