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CFTC files suit for $16 million binary options scam

By Henry Hughes
July 19, 2017
The US Commodity Futures Trading Commission (CFTC) announced it has filed a civil suit against Jason Scharf and Michacel Shah for alleged $16 million binary options scam. According to the regulator, the two and their companies CIT Investments ...
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IG reports record revenue amid “relatively quiet financial markets”

By Henry Hughes
July 18, 2017
IG Group, a major global forex broker based in the UK, has reported a record revenue of £491.1 million for the financial year that ended on March 31, 2017. compared to FY 2016, the result is 8% higher. ...
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TradeStation platform forays into digital TV land

By Henry Hughes
July 18, 2017
TradeStation, the trading and analysis platform, part of Monex Group’s TradeStation Group, has teamed up with digital TV channel Cheddar for the production of “The Long and the Short,” an educational 30-minute weekly stock trading show. It is ...
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UK CFD market swells, IG keeps top broker spot

By Henry Hughes
July 17, 2017
UK, which is the largest forex market in the world with a daily average volume of $2.4 trillion, as of April 2016, has posted a significant growth in the CFD segment, shows the UK Leverage Trading Report of ...
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Fibo Group also launches cryptocurrency CFDs for trading

By Henry Hughes
July 17, 2017
Offshore forex broker Fibo Group has jumped on the cryptocurrency bandwagon by announcing the launch of trading in CFDs on  BTC, ETH, LTC, ETC, ZEC, DASH, XMR. The new instruments will be available from July 24, on the ...
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Swissquote teams up with Bitstamp, launches Bitcoin trading

By Henry Hughes
July 14, 2017
Swissquote, the forex brand of Swissquote Bank, a Swiss online financial and trading service provider, announced it is launching bitcoin trading in partnership with EU-licensed digital currency exchange Bitstamp. Starting from July 14, Swissquote clients can trade BTCUSD ...
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OptionRally’s Cyprus license gets suspended

By Henry Hughes
July 14, 2017
The Cyprus Securities and Exchange Commission (CySEC) announced it has suspended the license of the binary options broker OptionRally and gives it one week, starting from July 13, to remedy the situation. The reasons for the suspension are ...
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Interactive Brokers expands offering with Sterling Trading Tech trading platforms

By Henry Hughes
July 13, 2017
Interactive Brokers, a US broker-dealer also offering forex trading, said it has added the professional trading platforms of Sterling Trading Tech (STT). STT is a fintech providing trading platforms, risk and compliance products and infrastructure for trading in ...
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Grand Capital teams up with AMTS Solutions, upgrades ECN accounts

By Henry Hughes
July 13, 2017
Grand Capital, a Seychelles-based forex, CFD and binary options broker, announced it is upgrading its ECN accounts with the launch of ECN Prime. The project is in partnership with the fintech company AMTS Solutions and will improve the ...
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onecoin
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Austria’s FMA warns against OneCoin

By Henry Hughes
July 12, 2017
Austria’s financial markets regulator FMA, has issued a warning against the MLM cryptocurrency scheme OneCoin. In its typical curt style, FMA informs that OneCoin Ltd., with a registered address in Sofia, Bulgaria, and website www.onecoin.eu, is not entitled ...
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