
Reginald Thorne
Regulatory Affairs Critic
Reginald Thorne covers enforcement, compliance and regulators. Blunt and detail-driven, he tracks fines, licence surrenders, AML failings and the offshore structures brokers use to sidestep tier-one oversight.
Reginald Thorne is an editorial pen name of the BestForex.io in-house critic desk. See our editorial policy.
Articles by Reginald Thorne

July FX Volumes Crush Last Year as CLS Settles $2.66 Trillion a Day and Cboe Jumps 26 Percent
FX volumes in July 2026 beat last year across every major venue. CLS settled $2.658 trillion daily, Cboe rose 25.9 percent and CME listed FX gained 9 percent.

Equiti Moves to the Front of the Shirt as Its Al Wahda Deal Grows Into a Strategic Partnership
Equiti upgraded from sleeve to front of shirt sponsor at Abu Dhabi club Al Wahda FC, with branding across all kits, competitions and Al Nahyan Stadium.

Plus500 Joins the Bahamas CFD Club as Q2 Momentum Fades and the Offshore Trend Gathers Pace
Plus500 has joined BIFCI in the Bahamas days after posting record first half revenue and a softer second quarter. IC Markets, Pepperstone and Capital.com got there first.

Celsius Network's Collapse: How a $20 Billion Crypto Lender Misled Its Own Customers
The CFTC and DOJ have charged Celsius Network and its founder Alex Mashinsky with fraud. At its peak, the platform held $20 billion of customer assets — almost none of which was managed as promised.

$10 Million Fine: How Binance Let Retail Traders Take a Compliance Quiz Until They Passed
Australia's Federal Court ordered Binance Australia Derivatives to pay $10 million after it misclassified 524 retail clients as wholesale investors — letting them retake a multiple-choice quiz until they achieved a passing score.

My Forex Funds: $20 Billion. Frozen. Gone.
The CFTC and Canadian regulators moved simultaneously against My Forex Funds, freezing $310 million in assets and alleging the entire prop trading model was a fraud designed to extract fees from traders who could never actually win.

FalconX: Operating Without a Licence
FalconX settled CFTC charges for $1.8 million after operating as an unregistered futures commission merchant. The verdict on crypto intermediaries claiming to be mere "technology providers" is now unambiguous.

Saxo Bank's €42m AML Reckoning: So Much for 'Premium'
Saxo brands itself as the grown-up, top-tier bank — then collects a DKK 313m AML fine, a Hong Kong penalty and a founder exit. BestForex.io counts the cost.

IG Says 'Trade Responsibly,' Then It Offers You £3,000 to Start
IG launches a "Trade Responsibly" campaign while offering £3,000 free shares to new customers. BestForex.io asks whether the message and the incentive can coexist.