What longtime co-CEO left Admirals? What internal management shuffle led to new CEOs for Equiti Capital and Equiti Seychelles? Which leading London VC figure is behind new multi-bank FX platform MillTechFX? Which major financial institutions announced new crypto initiatives? Answers to these question and a whole lot more appeared first or exclusively this week at…
Jeremy David McAlpine, 25, of Fountain Valley, and Zachary Michael Matar, 28, of Huntington Beach, founders of cryptocurrency firm Dropil, were charged on Friday with securities fraud. McAlpine and Matar have agreed to plead guilty to the charge, according to plea agreements that also were filed on July 2, 2021. In 2017, McAlpine and Matar…
Read More “Founders of crypto firm Dropil agree to plead guilty to fraud” »
This is now getting interesting. A firm calling itself Gopher Investments has made a $250 million competing offer to buy the Financials division of Playtech plc (LON:PTEC), consisting of the Finalto institutional B2B business and Retail FX broker Markets.com. FNG had exclusively reported back in January that Playtech had come to an agreement to sell…
Read More “Playtech gets competing $250 million offer for Finalto/Markets.com” »
Russia’s Federal Antimonopoly Service (FAS) has detected several violations of the Russian advertising laws in an eToro ad disseminated via Google AdWords. The FAS investigation followed a complaint by Russia’s FX self-regulatory organization AFD. The ad in question concerned products and services offered by eToro (Europe) Ltd. The ad (in Russian) stated that eToro is…
Read More “Russian authorities find law violations in eToro ad on Google” »
Australians in dispute with banks, insurers, super funds, investment firms and financial advisers lodged more than 70,000 complaints with the Australian Financial Complaints Authority (AFCA) in the past 12 months. They secured more than $240 million in compensation and refunds after seeking AFCA’s help, as well as outcomes such as fee waivers, debt forgiveness and…
Read More “Investments account for 6% of complaints received by AFCA in 2020-21” »
Trading volumes at leading institutional eFX venues finished off the first half of 2021 with a bang in June, continuing a fairly strong trend in trading volumes which began at the outset of the COVID-19 pandemic nearly a year and a half ago. Interestingly, nearly all the institutional platforms and ECNs tracked – EuronextFX, Cboe…
Read More “Institutional FX trading ends strong 1H-2021 up 3% in June” »
Online brokerage firm Robinhood unveiled its “S-1” IPO filing after clearing comments with the US SEC on its first confidential filing made back in March, which included some interesting facts and figures about the company which has shaken up the world of retail brokerage. Robinhood reported that it holds $81 billion of client assets (as…
Read More “Robinhood IPO filed: 17.7M active users, $81B client assets, 50% first-time investors” »
Online trading company Rakuten Securities Hong Kong Ltd has resumed accepting new open positions in TRY/JPY on Rakuten FX again from 28th June, 2021 (Market Open). The broker notes that: Gross buy and sell amount of entry order and open positions of TRY/JPY will be up to 3 million Initial margin for TRY/JPY will be…
Read More “Rakuten HK resumes accepting new open positions in TRY/JPY” »
Retail FX broker eToro is improving the trading conditions on its CopyTrader platform. A few months ago, the minimum Copy amount was increased to $500. Back then, the company said the change was temporary. Now, eToro announces that the amount has been reverted to $200, making it easier to invest with CopyTrader. Traders can explore…
Some internal management changes afoot at global Retail and Institutional multi-asset broker Equiti Group – which, seem to indicate that the company will be increasing its focus on the international / offshore part of its business. The company said that after three successful years as CEO of Equiti Capital (UK), the group’s Institutional B2B arm,…
Read More “Nigel Holmes named Equiti Capital CEO as Brian Myers heads Seychelles/Africa” »
