The FCA has announced it has secured funds to pay victims of 24HR Trading Academy Ltd

The FCA said that since 2017, 24HTA and/or Maricar have been providing investment advice to investors and arranging investment transactions without FCA authorisation; Investment promotion without the approval of an authorized person. Mr. Maricar, as a dir

Courtenay House $180 million Ponzi scheme! Australia\'s ASIC has renewed its allegations

Yesterday, the Australian Securities and Investments Commission (ASIC) announced criminal proceedings against former Courtenay House director David Sipina. Spina is the third criminal to be charged in connection with Courtenay House Group\'s $180 million

Broker OvalX will be officially closed on March 17th!

OvalX (formerly ETX Capital) has confirmed that the company will close on March 17, 2023. The London-based Forex and CFD broker has emailed details to clients, and the broker\'s CEO Luca Merolla reportedly informed all of the company\'s employees of the m

Hkex 2022 Q4 revenue Record high! Derivatives markets performed strongly to share

Hong Kong Exchanges and Clearing Limited (HKEX) has announced its financial results for the fourth quarter of 2022. Revenue and other income for the fourth quarter was $5.201 billion, up 10 percent from the fourth quarter of 2021 and a record high, the re

A whopping $340 million! The Forsage founder is accused of running a Ponzi scheme under the guise of DeFi

In a statement released Wednesday, the U.S. Department of Justice charged the four founders of Forsage, a decentralized financial investment platform: Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev and Sergey Maslakov advertised on social media that

Cyprus CySEC: Beware of fake websites in India!

The Cyprus Securities and Exchange Commission (CySEC) has issued a notice alerting investors to a fake CySEC website from India. CySEC said the fake website illegally copied all the content from the real CySEC website in an attempt to impersonate the real

Broker Inveza Capital Ltd has had its licence revoked by CySEC

The Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal of Inveza Capital Ltd\'s Cyprus Investment Company (CIF) mandate, No. 209/13. The regulatory decision was made in accordance with Article 8(1)(a) of the Investment Services

Italy\'s CONSOB banned 6 black platforms, totaling 839!

Nasionale per leSocietae la Borsa (CONSOB), Italy\'s financial market supervisory authority, recently ordered Italian Internet service providers (ISPs) to shut down six websites offering illegal financial services in Italy. Since the authority was granted

U.S. retail brokers reported a decline in customer deposits in December, with Interactive Brokers reporting a third straight monthly decline

The market share of the remaining brokerages remained unchanged. Gain continues to lead in terms of market share, with a current share of 38 per cent. Trading.com Markets kept the last place at less than 1%. IG US, Interactive Brokers and CHARLESSCHWAB ga

Refunds begin! FTX Japan has resumed cryptocurrency and fiat withdrawals since February 21

Following the collapse of FTX and its sister trading firm Alameda Research, FTX Japan suspended its cryptocurrency and fiat money withdrawal services in November 2022. The platform was initially required to suspend operations in early December 2022. Howev

Germany\'s BaFin has launched an investigation into unauthorized trading platform Front Management LLC

The German Federal Financial Supervisory Authority (BaFin) has made it clear that, in accordance with Article 37 (4) of the German Banking Act, Front Management LLC, based in New York, USA, is not authorized to conduct banking business or provide financia

The SFC reprimanded Deutsche Securities Asia Limited and fined it $2.45 million

Recently, the Hong Kong Securities and Futures Commission (SFC) issued a notice censuring Deutsche Securities Asia LIMITED (Deutsche Securities Asia LIMITED) and imposing a fine of $2.45 million, Deutsche Securities issued incorrect statements to its prim

Italy\'s CONSOB has banned six more illegal financial websites, bringing the total to 839.

CONSOB, Italy\'s financial watchdog, has blacklisted six more websites for providing unauthorised financial services. So far, the total number of illegal websites blocked has reached 839. CONSOB, Italy\'s financial watchdog, has blacklisted six more websi

February 36 brokers customer account profit and loss data released! Eight brokers lost more than 80% of their customers

iFOREX Europe had the highest percentage of losses, with almost 89 per 100 clients losing money and only 11 making a profit. Capital Index, FxPro, Plus500, One Financial Markets, XTB, GBE brokers and Admirals have all lost more than 80 per cent of their c

Strathnaver Capital Pty Ltd\'s Australian financial services licence revoked

The Australian Securities and Investments Commission (ASIC) has announced the withdrawal of Strathnaver Capital Pty Ltd\'s Australian Financial Services (AFS) licence. This is another licence revocation decision issued by the regulator this month followin