Changes in management of Naga, Squared Financials, and Zenfinex

German social trading broker NAGA has hired Matthew Kent from Eurotrader as the institutional sales director. Previously, Kent held the same position at Eurotrader for over two years. Kent has a career of over 15 years and has worked in organizations such

The current entanglement in Africa: Retail transactions are on the rise, but market regulation is "absent"?

With the increasingly mature trading markets in Europe, America, Australia, and other regions, many people in emerging markets have begun to pay attention to currency trading, and the trading industry has become increasingly popular. In the continent of A

Cambodia and Thailand Jointly Combat Cyberphone Fraud

According to the Bangkok Post, quoting General Kongcheep Tantravanich, a spokesperson for General Bavaria, the leaders of the two countries agreed to strengthen military contacts and cooperation to combat transnational criminal groups, especially call cen

In November, profit and loss data of 36 brokerage customer accounts were released! The highest loss rate reached 91.24%

Among these 36 brokers, a total of 26.53% of customer accounts achieved profits this month, while 73.47% of customer accounts suffered losses. Blackwell Global ranks first with a customer account profit margin of up to 56.67%. TeraFX followed closely, wit

The US Department of Justice has seized 7 "pig killing disk" domain names, involving over 10 million US dollars

To some extent, newly discovered scams follow the same pattern as other romantic scams; The fraudster established a relationship with their target and attempted to defraud them of their money. These goals are usually obtained through dating applications,

Unauthorized operation! TradeCenter, an offshore contract for difference broker, has been warned by New Zealand\'s FMA

The Financial Market Authority of New Zealand (FMA) has issued a warning to TradeCenter, an offshore contract for difference trading service provider, because the entity operates in the country without authorization. FMA explained that TradeCenter is not

Halifax Bankruptcy Update: The second interim claim distribution has started on the 23rd

Halifax Investment Services Pty Ltd\'s liquidator, KPMG, announced today that it will pay a second interim claim distribution to eligible investors, equivalent to half of their account balance as of November 27, 2018. The second interim allocation will be

Hacker! Swissquote has been subjected to a large-scale DDoS attack, and there may be service delays!

Switzerland\'s leading online financial service provider, Swissquote, confirmed through its social media today that the company has been hit by a large-scale DDoS (Distributed Denial of Service) attack, resulting in a brief system crash. Yesterday, as wel

The co-founder of Russian crypto Ponzi scheme Finiko has been arrested in the United Arab Emirates

Finiko co-founder and senior representative Zygmunt Zygmuntovich has reportedly been arrested in the United Arab Emirates. Finiko is arguably the largest Ponzi scheme in Russia since MMM (Russian Ponzi Scheme Company) in the 1990s. The Russian prosecutor

Australias ASIC has suspended Brenex Investments Pty Ltds AFS licence

On Friday (November 18), Australias ASIC has suspended Brenex Investments Pty Ltd\\\'s (Brenex) Australian Financial Services (AFS) licence until May 15, 2023. Under its license, Brenex is authorized to provide certain financial services to wholesale cust

Beware of fake websites! Cyprus CySEC exposed 5 fake websites

CySEC explained that as a regulator, it does not have the power or jurisdiction to charge individual investors for any purpose, nor does it have the authority to appoint anyone to do so on its behalf. In addition, the oversight body does not authorize, ve

FCA updates Blacklist! Another 25 companies have been warned

The UK\'s Financial Conduct Authority (FCA) has issued a number of warning statements, warning a total of 25 financial services companies illegally providing services or selling products in the UK without authorisation, as well as clone companies using li

Operating without a license! A former director of Equity Trade has been banned for 10 years by ASIC

Jennings even provided false or misleading information to regulators about the number of Equity Trade customers and the extent of the losses. The regulator also found that he did not have adequate training or competence to provide financial services and w

2022, the year of tighter regulation of the retail broker market

In recent years, the coronavirus pandemic has enabled opportunistic marketers to target Internet users who spend more time online, leading to a sharp rise in online investment and digital crime, such as crypto investment schemes and currency scams. Over t

MetaQuotes launches new MT5 network terminal for mobile transactions without APP download!

More than a month after the trading platforms MT4 and MT5 were removed from the Apple App Store, MetaQuotes today announced the launch of its new MetaTrader 5 web terminal. According to the announcement, the network terminal can be used on all Apple and A