Forex & Trading News

Revolut has handed its MiCA licensed Cyprus crypto entity to a forex industry insider. Georgios Vasiliou spent 12 years at XM and five running Trading.com.

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 reached a 150,000 euro settlement with forex broker CFI (Credit Financier Invest) in June 2022 over possible anti-money laundering law breaches found in a 2020 inspection. Size does not equal safety, and even big brands have had to settle over the machinery that guards client money.

CySEC reached a 100,000 euro settlement with Begin Capital Markets in November 2022, months after a 170,000 euro one. The firm runs ProfitLevel and CapitalPanda. One settlement is an incident. Two in the same year is a pattern.

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.

CySEC reached a 120,000 euro settlement with General Capital Brokers in 2022 over failures to meet its Cyprus investment firm authorisation conditions across nearly a full year. A licence is not a trophy on the shelf — and a broker that lets its conditions lapse tells you something important about how it has been run.

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.

CySEC reached a 40,000 euro settlement with Cyprus broker Exclusive Change Capital over organisational requirement failings assessed for 2021. The sum is modest, but the category is not — organisational requirements are the machinery that keeps client money safe.

Germany's BaFin ran a market manipulation and insider trading analysis of NAGA after its shares spiked and fell following the 2017 IPO. The firm said it welcomed it.

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.