Forex news and analysis tagged “CFD” on BestForex.io.
CySEC reached a 50,000 euro settlement with SQ Sey, the Seychelles entity behind SquaredFinancial's non-EU business, over authorisation concerns linked to Cyprus. A rare case of a European regulator reaching the offshore layer of a broker group.
CySEC settled with Royal Forex, the operator of ROInvesting, for 270,000 euro in 2020 and a further 120,000 euro later. After two substantial settlements the broker renounced its Cyprus licence. One settlement can be dismissed; two, before an exit, is a pattern.
CySEC fined Leadcapital Markets, the operator of Trade.com, 30,000 euro over failing to act honestly and fairly toward its clients in Romania between 2016 and 2017. A small penalty attached to the largest conduct principle in regulation.
MBX PRO is now an approved Financial Commission member with compensation cover up to 20,000 euros per complaint. The announcement names no state regulator.
CySEC fined Reliantco Investments, the operator of UFX, 95,000 euro for failing to act in its clients' best interests. Of all the duties a broker carries, this is the most fundamental — and a fine for breaching it is a finding about the character of the firm.
ASIC suspended GFA Capital Markets' AFS licence from 23 July to 18 December 2026 after finding client money mixed with company funds and reporting failures.
CySEC reached a 50,000 euro settlement with Charlgate, the operator of Fxview, over the protection of client funds and order execution in 2024. These are the two areas where a broker's conduct most directly touches a trader's money.
CySEC fined FXVC operator Finteractive 100,000 euro over conduct and anti-money laundering shortcomings, and the broker then renounced its Cyprus licence. A fine followed by a voluntary exit is still a warning.
CySEC fined FXBFI, the operator of 101investing, 150,000 euro in 2022 and a further 50,000 euro for AML failings in 2023, and later withdrew its licence. Two fines across different compliance failures before the licence goes.
CySEC fined Magnum FX 150,000 euro over authorisation and licence condition failings for 2019 to 2020, and the broker later renounced its Cyprus licence. A firm that struggled to hold the standard its licence required and ultimately left the regime.
CySEC fined retail forex broker F1 Markets 150,000 euro over compliance breaches in 2022, following an earlier suspension made at the request of the UK's FCA. A layered record across more than one jurisdiction.
Saskatchewan, New Brunswick, Ontario, Quebec and British Columbia have warned investors that AvaTrade is not registered to trade in their provinces. What it means.
CySEC reached a 100,000 euro settlement with ICC Intercertus Capital, the operator of Axiance, over the rules on marketing, distribution and sales of CFDs to retail clients. The way a broker sells is often the truest signal of how it will treat you.
Israel's securities regulator fined AvaTrade's local arm ATrade 150,000 shekels over a misleading promotional video used in a marketing campaign. Here is the detail.
ASIC cancelled the Australian financial services licence of CFD broker Velos Global Markets in 2025 after the firm stopped providing services under it from around May 2024. Regulated once is not the same as regulated now.
The Cyprus regulator has suspended in full the licence of Triangleview Investments, the firm behind the retail trading brand 3anglefx, over money laundering failures and deficiencies in the way the company was run. It is not the first time this broker has been in the regulator's sights.
Israel's securities regulator fined AvaTrade's local arm ATrade 500,000 shekels, plus a conditional fine, over providing services it was not licensed to give. Full detail.
South Africa's FSCA fined forex broker JP Markets 100,000 rand for enabling clients to trade CFDs on forex, shares and indices without proper OTC derivatives authorisation. The question to ask any broker: are you actually authorised to sell me this?
CySEC reached a 200,000 euro settlement with CFD broker Colmex Pro in 2025 over authorisation, organisation, conflicts of interest and client disclosure failings found across a two-year supervisory review. When a regulator settles across four load-bearing compliance areas for a substantial sum, the shape of the case tells you more than the absence of an admission does.
South Africa's FSCA has permanently withdrawn the licence of AfriMarkets Capital after finding it materially broke the country's financial laws, including through the misappropriation of client funds. The firm denies wrongdoing. The case is closely tied to the far larger collapse of Banxso.
AvaTrade settled with the Alberta Securities Commission in 2020 over unregistered CFD trading, paying 30,000 dollars and disgorging 213,428 dollars in revenue.
New Zealand's FMA cancelled Rockfort Markets' derivatives issuer licence in 2024 after the firm contravened eight of its licence obligations. Eight breaches is a pattern, not an accident.
Banxso, the South African CFD broker at the centre of one of the country's largest retail trading scandals, has been placed into final liquidation. A court has declared the company hopelessly insolvent, the regulator has fined it and its directors more than 2 billion rand, and the matter has been referred to the police for criminal investigation.
Belgium's FSMA reached an agreed settlement with AvaTrade's European arm over offering investment products without the required prospectus and unapproved marketing.
CySEC reached a 150,000 euro settlement with NAGA Markets Europe over breaches spanning authorisation, suitability, best execution and product intervention rules.
CySEC fined MCA Intelifunds, the operator of forex broker FXORO, 360,000 euro over breaches of Cyprus investment law found in a 2022 inspection. The machinery that turns the law into practice was missing.
The Cyprus regulator has repeatedly penalised Forex24, a licensed foreign exchange and CFD broker, over its inability to file the regulatory reports every Cyprus investment firm is required to submit. The individual fines are small. The pattern behind them is the part worth reading.
The FCA fined CFD broker FXTB (Forex TB) 276,100 pounds in 2024 for pressuring clients into trading, unauthorised advice and false professional client status. A system designed to reach directly into clients’ pockets.
CySEC fined First Prudential Markets, the Cyprus operator of FP Markets EU, 100,000 euro over a possible breach of article 42 of the European markets regulation and the CFD retail protection directive. The rules at the centre of this case are not obscure technicalities — they are the core safeguards between an ordinary trader and a catastrophic loss.
Australia's markets regulator has secured the largest penalties in its history. A$300.2 million has been ordered against collapsed CFD issuer Union Standard International Group and its two former authorised representatives — EuropeFX and TradeFred — for systemic unconscionable conduct that deliberately targeted inexperienced and vulnerable clients.
HTFX, a retail forex and CFD broker focused on the Far East, has ceased operations around the world. Its main website now shows only a parked domain, the visible end of a collapse that ran through two European regulators before the business finally went dark.
TTCM Traders Trust Capital Markets, a foreign exchange and CFD broker better known simply as Traders Trust, has had its Cyprus licence withdrawn after choosing to hand it back. The firm exits the Cyprus investment firm regime after more than sixteen years on the regulator's register.
The Cyprus Securities and Exchange Commission has permanently withdrawn the licence of Conotoxia, ending a saga that saw the CFD and forex broker suspended for almost a year before the regulator concluded the underlying problems were not going to be resolved.
South Africa's FSCA has provisionally withdrawn the licence of Imermarket — the company behind the InvesaCapital trading platform — after finding it offered contracts for difference without proper authorisation and gave advice that caused clients to lose money.
The FSCA has provisionally withdrawn the licence of Mixirite, the firm behind the UMarketPro and Protea Markets trading platforms, and barred it from conducting financial services business while it investigates alleged high-pressure sales tactics, unauthorised advice, and promises of guaranteed returns.
South Africa's financial regulator has fined QuickTrade ZAR 710,000 — about USD 44,000 — for breaching the country's anti-money laundering rules, the latest in a steady run of enforcement actions against CFD and forex brokers across the region.
Denmark's financial regulator has fined Saxo Bank DKK 313 million — roughly USD 49 million — over failures in its anti-money laundering controls, the bank's largest penalty in years. The failings centred on its white label arrangements, where it provides trading infrastructure to other firms without adequately knowing the end clients behind them.
ASIC cancelled FXOpen AU's Australian financial services licence after finding the firm lacked adequate human resources to provide or supervise its licensed financial services — a failure of governance rather than misconduct.
The FCA cancelled XTrade's UK permission after finding the firm had marketed and sold contracts for difference to vulnerable clients who lacked the experience to understand the products. The regulator concluded the firm had failed the suitability and appropriateness tests its own rules required.
The Cyprus Securities and Exchange Commission fined IC Markets (EU) Ltd EUR 200,000 after finding the broker participated in activities that circumvented the initial margin protections European rules impose on CFDs sold to retail clients. The firm denies the finding and has begun legal action.
Australia's corporate regulator has cancelled the financial services licence of Trive, a contracts for difference issuer that stopped taking on new clients last year after ASIC found serious deficiencies in how it ran its business.
Forex CT, an Australian retail forex and CFD broker, was ordered by the Federal Court to pay a $20 million penalty for a system of unconscionable conduct that pressured vulnerable clients into depositing money many could not afford to lose. Its sole director was fined $400,000 and banned for eight years.
VPR Safe Financial Group, the Cyprus-licensed operator of retail forex and CFD brand Alvexo, has settled with CySEC for €50,000 over suspected compliance failures stretching across eight years — and has since handed back its European licence entirely.
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.
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.