Portrait of Reginald Thorne, Regulatory Affairs Critic at BestForex.io

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

FX volumes beat last year across every major venue in July 2026 — BestForex.io Broker Watch cover image
Opinion

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 takes the front of the Al Wahda shirt — BestForex.io Broker Watch cover image
Opinion

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 growth cools — BestForex.io Broker Watch cover image
Opinion

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.

Judge's gavel and scales of justice on scattered legal documents — Celsius Network CFTC fraud enforcement. BestForex.io Enforcement Report.
News

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.

Trading interface and scattered compliance documents bearing regulatory seals — Binance Australia ASIC $10M penalty. BestForex.io Enforcement Report.
News

$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.

Dark trading floor with red charts and frozen screens — My Forex Funds CFTC fraud enforcement and asset freeze. BestForex.io Enforcement Report.
News

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.

Cryptocurrency server infrastructure behind a regulatory barrier — FalconX CFTC enforcement. BestForex.io Broker Watch.
News

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 headquarters with hairline crack — BestForex.io Broker Watch editorial cover for €42m AML reckoning analysis
Opinion

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 Trade Responsibly campaign with £3,000 incentive — BestForex.io Broker Watch editorial on responsibility messaging and sign-up bonuses
Opinion

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.