Forex & Trading News

NAGA Group posted a 37 million euro loss for 2022, parted with auditor Ernst and Young, restated its 2021 results and filed late. What the turmoil means for clients.

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.

Belgium's FSMA reached an agreed settlement with AvaTrade's European arm over offering investment products without the required prospectus and unapproved marketing.

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.

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.

Forex broker FXTM (ForexTime) is giving up its UK FCA licence in 2026, pulling back from the British retail market toward the UAE and Asia. The exit is voluntary — no misconduct alleged. But a UK FCA authorisation is one of the strongest credentials a retail forex broker can hold, and FXTM has now given it up, just as it gave up its Cyprus licence before.

CySEC reached a 150,000 euro settlement with NAGA Markets Europe over breaches spanning authorisation, suitability, best execution and product intervention rules.

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.

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.

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.

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.

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.