IGOFX is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade IGOFX. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may…
Is a stop loss truly necessary？ “Yes,” is the fast answer. “Yes, if you choose not to blow up your Forex trading account,” is the extended version of the response. There are a variety of reasons to use a stop loss, but there are several tactics that may be used to avoid using one, albeit…
Online trading company Admirals announces changes to the trading conditions for CFDs on cryptocurrencies. The broker announces an increase of the total exposure limits applicable to the CFDs that reference cryptocurrencies and an increase of the maximum leverage for positions in Bitcoin vs US Dollar CFDs. There will be new exposure limits that will apply…
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Elon Musk’s legal representative in a lawsuit brought by the Securities and Exchange Commission (SEC) has submitted a letter at the New York Southern District Court, which makes some rather bold accusations regarding the SEC’s conduct. Let’s recall that, back in September 2018, the SEC announced that Elon Musk has agreed to settle the securities…
The interim judicial managers for embattled offshore Retail FX broker Samtrade FX have issued a statement that there are parties posing as employees of Samtrade, or falsely claiming to be representatives of Samtrade, reaching out to investors on matters relating to the company. Following the freezing of its operations and client withdrawals at the very…
Read More “Samtrade FX administrators warn of scammers impersonating the company” »
The Commodity Futures Trading Commission (CFTC) today filed a civil enforcement action in the U.S. District Court for the Southern District of New York, charging James R. Velissaris of Atlanta, Ga. with fraud in connection with a multi-faceted scheme to overvalue the assets managed by his multi-billion dollar hedge fund. The CFTC seeks restitution to…
Read More “CFTC, SEC go after Infinity Q founder for $1bn overvaluation of investment funds” »
International derivatives marketplace CME Group (NASDAQ:CME) today announced changes to its management team structure to position the company for long-term success. Sunil Cutinho, who previously led CME Clearing and served in a variety of technology roles since joining the company in 2002, has been appointed Chief Information Officer. Overseeing the company’s enterprise technology, Cutinho will…
The UK Financial Conduct Authority (FCA) today issued a statement regarding RTC Management Solutions Ltd. The FCA says it has refused RTC Management Solutions Ltd’s application to be authorised to conduct claims management regulated activities. This decision follows the transfer of regulatory responsibility for claims management companies (CMCs) to the FCA on 1 April 2019….
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To assist in optimising its securities finance offering, Australian wealth management infrastructure provider FinClear has selected Broadridge Financial Solutions, Inc. (NYSE:BR). Broadridge’s Securities Finance and Collateral Management (SFCM) FastStart solution provides FinClear and its clients with enhanced functionalities in this area of the business. “We are pleased to add FinClear to our growing client base…
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The following is a guest editorial courtesy of Mario Sanchez, Managing Director and Global Head of FXCM Pro Sales. Continuous innovation has been the lifeblood of the modern FX industry and this, along with rapid technological development seen in recent years, has been crucial for sustained industry growth. The 2022 edition of the iFX EXPO in…
