Apple Bans Binary Options, New Offer for Affiliates - Best of The Week

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Apple Bans Binary Options, New Offer for Affiliates - Best of The Week.
This week, several online trading companies faced being blacklisted and fined, and Apple took a similar stance by completely banning any apps connected to binary options. CMC Markets published its full year results, showing a stable decline, and WorldWideMarkets announced a new affiliate program revolving around CPAs.
Thursday.
Apple.
CMC Markets.
CMC Markets, the forex, CFDs, and spreads betting provider, published its full year results for the fiscal year ending March 31, 2017. A modest decrease had been noted in revenues, coming to a total of £169 million. In addition, Key Performance Indicators (KPIs), such as the total value of trades, declined by 3 percent to £2.02 trillion.
CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC's Role in Combatting Market AbuseOne of CySEC's most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC's Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC's Role in Combatting Market AbuseOne of CySEC's most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC's Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term.
The Cyprus Securities and Exchange Commission published the results of its long investigation against CommexFX, which was involved in one of the most significant controversies in Cyprus. At first, the company's license was suspended in 2015 for withdrawal related delays. Based on the results, CySEC is holding directors and other individuals responsible for their involvement in the case, and will be suspending their activities in the industry. CySEC will fine the individuals, including the shareholder and manager Abdel Rahman Alimari, a total of €400,000.
Friday.
WorldWideMarkets.
WorldWideMarkets (WWM), a forex and CFDs broker, launched a new affiliate program. The firm is offering Revenue Share and Click Per Action (CPA) oriented plans along with different tiers. The CPA payment plan includes six regions in total, with the most attractive ones being Austria, Germany, Australia, Italy, Ireland, Switzerland, Luxembourg, and Gulf Cooperation Council Member States Kuwait, UAE, Qatar, Bahrain, Oman, and Saudi Arabia. Affiliates who are successful in bringing clients from any one of these countries are eligible to receive $400 a month.
The Kanto Bureau, Japan's Ministry of Finance.
The Kanto finance bureau of Japan's Ministry of Finance added forex and binary options brokerages to its blacklist, including some well-known companies that have been authorized in other jurisdictions. The warnings were issued against firms such as OptionRally, FXDD, XM.com, Royal Option, TRADEVIEW MARKETS, and more.
This week, several online trading companies faced being blacklisted and fined, and Apple took a similar stance by completely banning any apps connected to binary options. CMC Markets published its full year results, showing a stable decline, and WorldWideMarkets announced a new affiliate program revolving around CPAs.
Thursday.
Apple.
CMC Markets.
CMC Markets, the forex, CFDs, and spreads betting provider, published its full year results for the fiscal year ending March 31, 2017. A modest decrease had been noted in revenues, coming to a total of £169 million. In addition, Key Performance Indicators (KPIs), such as the total value of trades, declined by 3 percent to £2.02 trillion.
CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC's Role in Combatting Market AbuseOne of CySEC's most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC's Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision and control of the Cyprus Stock Exchange as well as transactions executed in the Stock Exchange, its listed companies, brokers and brokerage firms.Furthermore, the regulator also supervises and monitors Licensed Investment Services Companies, Collective Investment funds, investment consultants. and mutual fund management companies.CySEC's Role in Combatting Market AbuseOne of CySEC's most important functions is the granting of operation licenses to investment firms, including investment consultants, brokerage firms and brokers. This includes provisions for Cyprus Investment Firms (CIF), who provide and perform investment services and activities either within Cyprus or abroad on a professional basis on certain financial instruments.Finally, CySEC oversees the imposition of administrative sanctions and disciplinary penalties to brokers, brokerage firms, and investment consultants, among others. The group has been a key force in policing the forex and binary options space, which has included several legal actions and curb market abuse. Since 2016, CySEC has sought to take a more aggressive stance against illicit behavior, while also strengthening its handling of investor complaints against entities. CySEC is currently chaired by Demetra Kalogerou, who has held the role since 2011.The CySEC is administered by a seven-member Board, which consist of the Chairman and Vice-Chairman, each of whom provide their services on a full and exclusive employment basis, and five additional non-executive members.All individuals on CySEC's Board are appointed by the Council of Ministers following a proposal of the Minister of Finance. Their service reflects a five-year term. Read this Term.
The Cyprus Securities and Exchange Commission published the results of its long investigation against CommexFX, which was involved in one of the most significant controversies in Cyprus. At first, the company's license was suspended in 2015 for withdrawal related delays. Based on the results, CySEC is holding directors and other individuals responsible for their involvement in the case, and will be suspending their activities in the industry. CySEC will fine the individuals, including the shareholder and manager Abdel Rahman Alimari, a total of €400,000.
Friday.
WorldWideMarkets.
WorldWideMarkets (WWM), a forex and CFDs broker, launched a new affiliate program. The firm is offering Revenue Share and Click Per Action (CPA) oriented plans along with different tiers. The CPA payment plan includes six regions in total, with the most attractive ones being Austria, Germany, Australia, Italy, Ireland, Switzerland, Luxembourg, and Gulf Cooperation Council Member States Kuwait, UAE, Qatar, Bahrain, Oman, and Saudi Arabia. Affiliates who are successful in bringing clients from any one of these countries are eligible to receive $400 a month.
The Kanto Bureau, Japan's Ministry of Finance.
The Kanto finance bureau of Japan's Ministry of Finance added forex and binary options brokerages to its blacklist, including some well-known companies that have been authorized in other jurisdictions. The warnings were issued against firms such as OptionRally, FXDD, XM.com, Royal Option, TRADEVIEW MARKETS, and more.