Category: forex news

Online trading company Rakuten Securities Australia is further expanding its lineup of trading instruments. The broker has announced the addition of a set of trading products involving metals to its offering. The following metal products are now available to trade: XAUEUR (Gold/Euro) XAUGBP (Gold/Sterling) XAUAUD (Gold/Australian Dollar) XAUCHF (Gold/Swiss Franc) XAUJPY (Gold/Yen) XAGEUR (Silver/Euro) XAGAUD…

Read More “Rakuten Securities Australia expands metals offering” »

About a month after the Court sided with Interactive Brokers in a lawsuit alleging the electronic trading major aided the Ponzi scam orchestrated by Haena Park, the plaintiff has filed an amended complaint. The document, submitted at the the California Northern District Court and seen by FX News Group, provides more detailed allegations about Interactive…

Read More “Ponzi scam victim revives complaint against Interactive Brokers” »

Germany’s Federal Financial Supervisory Authority (BaFin) announces that it has imposed an administrative fine of EUR 8.66 million on Deutsche Bank AG. The regulator explains that, as a supervised contributor to EURIBOR, the bank at times did not have in place effective preventive systems, controls and policies within the meaning of Article 16(2)(a) of the…

Read More “BaFin imposes EUR 8.66 million fine on Deutsche Bank” »

U.S. derivatives market regulator The Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of New Jersey against WorldWideMarkets, Ltd., TAB Networks, Inc., Thomas Plaut of Saddle River, N.J., and Arthur Dembro of New York, N.Y., charging them with fraud and…

Read More “CFTC charges Thomas Plaut in multi-million dollar retail forex fraud” »

FNG Exclusive… Following up our recent exclusive coverage of the series of senior management departures at Retail FX broker ADSS at both its UAE headquarters and its FCA regulated London operation, FNG has learned that two more senior executives are leaving ADSS at year-end. The latest two to leave ADSS are Chief Compliance Officer Roland…

Read More “Exclusive: ADSS departures continue – Heads of Compliance and Front Office leave” »

FNG Exclusive… FNG has learned that Cyprus based Retail and Institutional FX broker TopFX has opened a new office in Dubai, to serve Arabic speaking and MENA region clients. The new TopFX office, located in the Burlington Tower in the Business Bay area of Dubai, will be headed by new hire Omar Al-Janabi. Mr. Al-Jabani…

Read More “Exclusive: TopFX hires Tickmill alum Omar Al-Janabi to head new Dubai office” »

It was a holiday shortened week as we head into the end-of-year break, but there was still plenty of Forex Industry News to report. Which online broker is running anti payment-for-order-flow (PFOF) ads, as pushback against the commission-free neo-brokers like Robinhood? How did eToro’s preliminary Q4 results look, after a weak Q3? What changes did…

Read More “FX week in review: Anti-PFOF ads, eToro results, GMI management, Playtech shareholder vote” »