Forex & Trading News
Latest market insights, broker updates, and trading analysis.
Federal Court Orders Record A$300 Million in Penalties Against Union Standard, EuropeFX and TradeFred Over CFD Misconduct
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.
FCA Fines FXTB 276,100 Pounds for Pressuring Clients Into CFDs and Giving Advice It Was Not Allowed to Give
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.
FP Markets EU Fined 100,000 Euro by CySEC Over a Breach of the CFD Rules That Protect Retail Traders
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.
HTFX Shuts Down Worldwide After Losing Its Cyprus and UK Licences and Retreating Offshore
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.
Traders Trust Hands Back Its Cyprus Licence After More Than Sixteen Years on the Register
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Capital Markets, a foreign exchange and CFD broker better known simply as Traders Trust, has had its Cyprus licence withdrawn after choosing to hand it back.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.
CySEC Withdraws the Licence of CFD Broker Conotoxia After Roughly a Year of Suspension
The Cyprus Securities and Exchange Commission has permanently withdrawn the licence of Conotoxia, ending a saga that saw the CFD and forex broker suspended for almost a year before the regulator concluded the underlying problems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.
InvesaCapital Operator Imermarket Hit by South Africa Over CFDs Offered Without Proper Authorisation
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.
South Africa Freezes Mixirite and Bans It From Taking Client Money Over High-Pressure CFD Sales
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.
QuickTrade Fined ZAR 710,000 by South Africa as the FSCA Widens Its Money Laundering Sweep Across CFD Brokers
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.
Saxo Bank Hit With Its Biggest Fine in Years as Danish Regulator Finds Major Gaps in Its Anti-Money Laundering Controls
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.
FXOpen Loses Its Australian Licence After ASIC Found It Did Not Have the People to Run the Business
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.
Prospero Markets Loses Its Licence After Money Laundering Charges and a Federal Court Wind Up
ASIC cancelled the Australian financial services licence of Prospero Markets Pty Ltd, a forex and derivatives broker now in liquidation, closing a case that began with money laundering charges against its former officers and ended in the Federal Court.