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Latest Forex News.

Started by Indonesia, Apr 09, 2020, 09:54 am

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Latest Forex News.
Unregulated Forex brokers ProFXPremium, GoldenCFD, and FXworld24 are the latest additions to the long warning list of Italian financial regulator Commissione Nazionale per le Societa e la Borsa (CONSOB). CONSOB also ordered internet providers to block access from Italy to the websites of these entities, as they offer financial services without proper authorization. As a matter of fact, all the above-mentioned brokers are registered offshore, and therefore are not allowed to operate on any regulated market. ProFXPremium and GoldenCFD are allegedly operated by entities registered in St. Read more.
A growing number of Singaporeans have fallen victim to various frauds, and the largest sum lost in a single case this year was S$4.3 million, through an investment scam, as reported by The Independent Singapore. Victims are usually offered investment opportunities with huge returns on the phone or via social medias like as Facebook. Those who do throw their money into what they think is an investment, later find themselves unable to get it back. Some scammers often pretend to be stockbrokers or working in banks or financial institutions, and also ask for personal and financial details that can later be used for identity theft or hacking crypto accounts. Read more.
Following the global trend of imposing stricter rules for margin trading, the Monetary Authority of Singapore (MAS) introduced a leverage cap of 1:20 for retail investors. As is the case in a number of other jurisdictions, the restriction, effective as of today, is aimed at increasing client protection. Before that, retail investors in the small nation-state were able to use leverage of up to 1:50, which is now accessible only for accredited investors. In order to qualify, they must either hold personal assets of more than 2 million Singaporean dollars ($1. Read more.
Several major US brokers - Interactive Brokers, TD Ameritrade, E*TRADE, and Charles Schwab recently announced the launch commission-free trading, as competition mounts. Free of charge stock trading seems to be on the rise in the UK too. It seems that fee wars raging in the US among stockbroking firms. Four major US brokerages slashed equity-trading commissions to zero over the past two weeks, and some market specialists said that more players might follow suit. Brokers had to cope with challenges from zero-commission trading apps like Robinhood and Acorns, which have attracted a whole new generation of investors. Read more.

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Currently 87 crypto currency related companies in the UK are under investigation by the local Financial Conduct Authority (FCA) - 74% up from 50 in October a year ago, the Financial Times reports. According to the FCA latest statistics for the past 12 months victims of crypto and foreign - exchange scams in the UK have lost over 27 million pounds in more than 1800 separate cases. FCA warns that inexperienced traders can quite easily fall into the get- rich- quick traps, because of the sharp rise of the bitcoin price and the elaborate techniques scammers use in their clandestine operations. Read more.
PayPal, which is one of the founding members of the Libra Association, may have gotten cold feet on Facebook's crypto project, reported the Financial Times on Thursday. The payment company is allegedly reconsidering its involvement with the Libra project due to concerns over "maintaining positive relationships with regulators who have reservations about the project,". David Marcus, head of the entity behind Libra commented that they are trying to "very calmly, and confidently working through the legitimate concerns that Libra has raised by bringing conversations about the value of digital currencies to the forefront. Read more.
FBS broker released an updated version of the CopyTrade app, and you'd absolutely love it if you are a social trading enthusiast looking for a safer copy-trading experience. The latest release is all about adding the Stop-Loss and Take-profit features known as the best risk management tools on Forex. Here's why it's great news. 2 steps to the radically better risk management FBS CopyTrade is a social trading app where people copy pro trader's performance. On the one hand, it brings along better profit opportunities because you copy the best professionals in the community and profit whenever they do. Read more.

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IKEA Iceland has recently settled an invoice using programmable digital cash on the Ethereum block chain - the first transaction of its kind, using smart contracts and licensed e-money to facilitate a corporate order. The transaction was carried out on a platform provided by Tradeshift, a US-based blockchain company, and used "programmable digital cash" from Monerium, a fin tech company backed by ConsenSys. The order was for goods Nordic Store, local retailer, bought from IKEA and was settled with Monerium's tokenised Icelandic krona. Read more.
In an announcement on its website, CoinExchange.io stated that trading services and deposits will be suspended on October 15. In a straightforward goodbye note, the crypto exchange said that it was experiencing financial difficulties, and assured its clients that there was no breach in its securities and it will allow withdrawals of funds till December 1. "Unfortunately, it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings", the note reads. Read more.
For the first six months of the year alone scammers have stolen some 616 million pounds from bank account holders in the UK, of which 207,5 million pounds were lost in scams, where victims directly authorized payments to an account controlled by fraudsters. This represents a rise of 40% compared to the same period a year ago, the latest data of UK Finance reveals. The type of scams where victims directly authorize a payment are known as authorized push payment (APP) and includes cases where criminals hack into e-mail accounts, both corporate and personal to mislead people to transfer large sums. Read more.

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Forex Bonus Programs.
50% Forex bonus by OctaFX.
With its new promotion program OctaFX grants its clients a 50% trading bonus on each new deposit. The bonus funds are fully withdrawable after reaching a certain trading volume equal to the bonus amount divided by half in standard lots. For an illustration purpose, if you deposit let say 400 USD, your 50% bonus will add up another 200 USD to your account. And after you trade 100 standard lots (you can do that quite easily using leverage as high as 1:400), you will be able to cash out both the bonus and the profits generated with it. Bear in mind that with a 50% trading bonus, your profits could be 50% higher. Read more.
FXTM’s Loyalty Programme offers cost reduction of up to 25%
Global award-winning brokerage FXTM currently runs a loyalty programme that allows its clients ro reduce their trading costs by up to 25%. By reducing the cost of every trade from 1$ to 5$ per standard fully completed lot, the broker actually provides traders with more vbalue for their dollars. All you have to do is open a live account with FXTM and not participate in any other active Programme of FXTM. This cost reduction programme is availeble to Standard or ECN Zero accounts, which require an initial investment of $100 or $200, respectively. It is applicable to the following trading instruments: all Forex, CFDs (excluding CFDs on shares), precious metals and commodity futures. Read more.
Choose your 100: 100% Deposit Bonus & Trade 100 Bonus from FBS.
End date: N/A Who grants it? FBS is an international regulated broker performing globally in 19 languages for over 13 million clients. The company operates under the IFSC and CySEC licenses in 190 countries, and won over 40 international awards for the most diverse and secure services. Who can get it? New and existing clients who open a special bonus account. What's the catch? Both bonuses help traders boost their income with two different techniques. • 100% Deposit bonus doubles your deposit, allowing you to get up to $20,000 to the deposited funds. • Trade 100 bonus gives you free $100 for trading. Read more.