In a continued effort to protect investors and regulate financial activities, Italy’s Companies and Exchange Commission (CONSOB) has instructed internet service providers to block five unauthorized investment websites. The targeted sites are: Ether Arena Ltd (website www.orionusdeal.com and related page www.clientzone.orionusdeal.com); “ImpresaMarkets” (website www.impresamarkets.com); “Fx-vita” (website www.fx-vita.com, and related pages www.panel.fx-vita.com and www.trading.fx-vita.com); “Keysreim” (website www.keysreim.io, and related pages www.client.keysreim.io and www.webtrader.keysreim.io); “Bitbinx.ltd” (website www.bitbinx.ltd and related page www.trade.bitbinx.ltd). These actionsRead More
Category: News
Spotware’s cTrader Platform Integrates Single Sign-On Feature with Skale CRM
On Wednesday, trading technology solutions provider Spotware announced the integration of a Single Sign-On (SSO) feature in collaboration with Skale, a CRM and client portal specialist. This advanced functionality is aimed at enhancing the user experience with cTrader platform and improving broker retention rates. Since their initial collaboration in 2020, Spotware and Skale have worked tirelessly to upgrade theirRead More
BDSwiss Faces €100,000 Fine Over Regulatory Violations with Offshore Entities
The Cyprus Securities and Exchange Commission (CySEC) has fined BDSwiss Holding Ltd, a Cyprus Investment Firm (CIF), a hefty €100,000 for enabling offshore companies to mislead customers by referencing its CIF status. The hefty penalty comes after BDSwiss was found redirecting customers to offshore entities that were not regulated. In 2021, FCA similarly banned theRead More
Interactive Brokers Introduces Nasdaq Copenhagen and Prague Stock Exchange Trading, Offers Fractional Trading
Interactive Brokers (NASDAQ:IBKR), a leading electronic trading company, has expanded its services to allow clients worldwide to trade shares on Nasdaq Copenhagen (CPH) and the Prague Stock Exchange (PSE). In an announcement today, the broker revealed that fractional trading of eligible Nasdaq Copenhagen shares is now available. (Read our detailed review of Interactive Brokers) InteractiveRead More
UK Passes a Bill Recognising Crypto Trading as a Regulated Activity
The United Kingdom Parliament has taken a significant step towards becoming a crypto hub by adopting a new law that regulates digital assets and oversees crypto advertisements. The decision aims to position the country at the forefront of the rapidly evolving crypto industry. The bill, known as the Financial Services and Markets Act 2023, hasRead More
MultiBank Group obtains CySEC CIF license for MEX Europe Ltd
Multinational Retail FX and CFDs broker, MultiBank Group, continues its global expansion with its recent receipt of a Cyprus Securities and Exchange Commission (CySEC) CIF license for its subsidiary, MEX Europe Ltd. The license, granted on May 22, 2023, marks another significant step in the broker’s international growth strategy. MEX Europe Ltd is set toRead More
Spain’s CNMV Implements Marketing Restrictions and Margin Requirements for Leveraged Products
The Comisión Nacional del Mercado de Valores (CNMV), Spain’s financial watchdog, has introduced new marketing restrictions and margin requirements for leveraged products. The European Securities and Markets Authority (ESMA) has published an opinion on these product intervention measures, supporting the CNMV’s efforts to protect retail investors. Under the new regulations, the CNMV prohibits the offeringRead More
Vienna Stock Exchange Integrates Stock, Indices, and Funds Data into TradingView
The Vienna Stock Exchange has joined the growing list of TradingView data providers. The Vienna Stock Exchange is one of the oldest in the world, being in business since 1771. It operates the Prague stocks exchange, provides infrastructure for other European exchanges (in Budapest, Ljubljana, and Zagreb), and strives to strengthen financial education in theRead More
Retail Investors Concerned About Domestic Economic Slowdown, eToro Survey Reveals
In a recent quarterly survey conducted by eToro, it was found that the primary concern among retail investors revolves around the slowdown of their domestic economies. This worry surpassed fears related to inflation and the impact of geopolitical conflicts. The survey, which encompassed over 10,000 retail investors across 13 countries and three continents, shed lightRead More
X Moves Towards Crypto Payment Services
X, previously known as Twitter, is steadily progressing toward introducing financial services for its users, prominently featuring cryptocurrency payments. The recent announcement of a license acquisition in Rhode Island reinforces this development. According to data provided by the Nationwide Multi-State Licensing System (NMLS), Rhode Island granted X the Currency Transmitter License on August 28, 2023.Read More