As FX News Group has reported, in May 2021 Saxo Bank introduced CryptoFX: a new set of instruments that enables clients to gain exposure to the volatility of prices on cryptocurrencies like Bitcoin and Ethereum. Saxo Bank has also enabled its clients to use Saxo’s OpenAPI to trade with these new instruments. The Saxo team…
Read More “Saxo Bank clients can use OpenAPI to trade Crypto FX” »
FINRA announced today that it has fined Robinhood Financial LLC $57 million and ordered the firm to pay approximately $12.6 million in restitution, plus interest, to thousands of harmed customers. The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations. In determining the appropriate sanctions,…
Online brokerage maverick firm Robinhood has announced another new feature which it hopes will be attractive to potential new (and existing) retail clients – the opportunity to participate in new IPO offerings, like professional and institutional investors. Robinhood said that as of today it is starting to roll out IPO Access, a new product that will…
Read More “Robinhood giving retail traders access to IPOs at the offer price” »
FNG Exclusive… FNG has learned that Singapore based Retail FX and CFDs broker Samtrade FX is planning a major international push, in two of the world’s leading jurisdictions for FX traders. Within the past several months the company has set up subsidiaries in the UK and Australia – and within the past few weeks has…
Read More “Exclusive: Singapore FX broker Samtrade gets FCA and ASIC licenses” »
Italy’s Companies and Exchange Commission (CONSOB) continues to issue orders for the blocking of access to unauthorized investment websites. Today, the regulator announced it has ordered the blackout of five new websites that abusively offer financial services. The websites targeted by the latest set of orders are: Kiplar Ltd (website https://kiplar.com); “AcadianAmLtd” (website www.aca-asset.com and related…
Read More “GB Trade FX and Tradobit to have their websites blocked in Italy” »
Fintech company Spotware Systems today announced the new cTrader Mobile 4.0 release. The update comes with several valuable features for both – Android and IOS users. cTrader Copy has now entered Mobile for Android users, providing the ability to discover, select and follow copy strategies, as well as to manage investments wherever a trader is….
The United States Financial Industry Regulatory Authority (FINRA) has filed a complaint against StockKings Capital LLC and its CEO Gregory Antonius Lewis. In 2015, Lewis began raising funds for a business that he told potential investors would aggregate and analyze investor portfolios on a financial technology platform. In a series of unregistered, private securities offerings…
Leading Swiss online trading firm Swissquote and Luzerner Kantonalbank AG (LUKB) are expanding their cooperation. From January 1, 2022, LUKB will be Swissquote’s exclusive partner for mortgages. The two banks will jointly offer Swissquote’s clients attractive terms for online mortgages for home financing and mortgage redemption. Swissquote and LUKB are aiming to provide binding financing…
Read More “Swissquote announces strategic partnership with Luzerner Kantonalbank” »
Restrictions will be introduced on the offering of turbos to Dutch retail investors, with effect from 1 October 2021. There will be a leverage limitation, a mandatory risk warning and a prohibition on bonuses for trading turbos, the Dutch Authority for the Financial Markets (AFM) confirmed today. The restrictions include: Leverage limitations reduce the financial risk…
Read More “The Netherlands to introduce restrictions on offering of turbos from Oct 2021” »
Danske Bank A/S has entered into an agreement with OP Financial Group in Finland and the consortium of banks behind Vipps in Norway to merge the three mobile payment providers MobilePay, Vipps and Pivo. The ambition is to create Europe’s best and most comprehensive digital wallet. Serving 11 million users and over 330,000 shops and…
Read More “Danske Bank to merge MobilePay, Vipps and Pivo” »
