Forex news and analysis tagged “Broker Watch” on BestForex.io.
Infinox Capital Limited has been fined £99,200 by the FCA after failing to submit 46,053 transaction reports over six months — a breakdown that left tens of thousands of single-stock CFD trades invisible to the regulator in its first-ever MiFIR enforcement action.
A class action seeking A$948 million is advancing through Australia's Federal Court against IC Markets and its billionaire founder Andrew Budzinski. The opt-out window has closed, locking thousands of retail CFD traders into consolidated proceedings as the case moves toward trial.
One employee. 5.5 billion shares. No spoofing or layering surveillance at all. FINRA fined the dominant overnight trading platform $550,000 — but the real number to watch is not the fine.
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.
Frank Breuer ran Bluesky Wealth for four years without professional indemnity insurance, misled the FCA about it, then stripped the firm of assets while under restriction. The regulator issued a lifetime ban and a £755,000 fine.
A routine system upgrade in June 2024 silently disconnected Dinosaur Merchant Bank's CFD surveillance. For four months, billions in trades ran unmonitored. The FCA fined the firm £338,000 — but the real question is whether any market abuse moved through the gap.
eToro now lets AI agents trade real money on X sentiment. BestForex.io asks if automated herd-following is really progress, or the oldest mistake in markets executed at machine speed.
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.
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.
Plus500 buys back its own shares almost daily while insiders cashed out millions near all-time highs. BestForex.io asks who really benefits from the buyback machine.