Tag: forex-news

FNG Exclusive… FNG has learned that longtime HotForex senior executive Andreas Lambrou has left the company, joining CySEC-licensed rival Key Way Group, which operates the Capex.com Retail FX brand. Since 2016 Andreas Lambrou was Group Head of Finance and Accounting at HF Markets, which operates the HF Markets (in the EU) and HotForex (offshore) Retail…

Read More “Exclusive: Andreas Lambrou leaves HotForex to become CFO of Capex.com” »

The United States Commodity Futures Trading Commission (CFTC) is facing a complex discovery process in its lawsuit against Forex Ponzi scam Highrise Advantage, as the number of victims and the size of losses is higher than initially estimated. This becomes clear from documents filed by the regulator in the Florida Middle District Court earlier this…

Read More “CFTC estimates number of Highrise Advantage victims exceeds 1,400” »

Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) has announced the appointment of Jon Lin to the position of EVP & General Manager, Data Center Services, effective immediately. In this newly created role, Mr Lin will be responsible for driving the performance of the Equinix Data Center Services portfolio, developing and leading execution of a comprehensive and…

Read More “Equinix appoints Jon Lin as EVP & GM, Data Center Services” »

For the first week of 2022 the top Forex Industry News story was clearly the one which emerged from Singapore, with that country’s regulator and police force effectively shutting offshore Retail FX broker Samtrade FX. Samtrade had been operating out of Singapore without being licensed there. Oh – and three of its top officials were…

Read More “FX week in review: Samtrade arrests, eToro IPO valuation falls, BDSwiss and Equiti hires” »

The UK Financial Conduct Authority (FCA) today provided an update regarding London Capital & Finance (LCF) complaints. The FCA standard approach to complaints is that any complaint about the FCA should be made within 12 months of the date on which the complainant first became aware of the circumstances giving rise to their complaint. Therefore,…

Read More “FCA to accept London Capital & Finance complaints until March 17, 2022” »

CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today reported transactions in its shares by senior managers. Euan William Marshall, Chief Financial Officer of CMC Markets, and David John Fineberg, Deputy Chief Executive Officer, acquired shares in the broker under the incentives plan. Mr Marshall acquired 114 shares in…

Read More “Euan Marshall, David Fineberg acquire more shares in CMC Markets” »

Retail investors have reaffirmed their belief in Bitcoin after a spectacular 2021, new eToro data reveals. eToro’s 2021 cryptoasset leaderboard shows that Bitcoin saw a 223% increase in the number of opened positions on the platform year on year. Bitcoin is the most opened cryptoasset by eToro users, followed by Cardano, Ether and Dogecoin. Among the…

Read More “eToro data shows Bitcoin holds top spot among most traded cryptos” »

The United States Financial Industry Regulatory Authority (FINRA) has accepted an offer of settlement submitted by Jefferies LLC. According to the offer, Jefferies agrees to a censure and a fine of $55,000. From August 1, 2018 through October 31, 2018, and June 1, 2019 through November 30, 2019, Jefferies failed to report to TRACE 982…

Read More “FINRA fines Jefferies for late transaction reports” »

According to provisional calculations, the Swiss National Bank (SNB) expects to report a profit of around CHF 26 billion for the 2021 financial year. The profit on foreign currency positions amounted to just under CHF 26 billion. A valuation loss of CHF 0.1 billion was recorded on gold holdings. The net result on Swiss franc…

Read More “SNB forecasts annual profit of around CHF 26 billion for 2021” »

FNG Exclusive Analysis… Following a banner 2020 year which saw shares of publicly traded Retail FX and CFD brokers soar by more than 200%, things were more muted in 2021, although still generally positive. On average, shares of Retail FX brokers were up by 29% in 2021. However that figure (as stats often can be)…

Read More “Exclusive: Retail FX broker shares up 29% in 2021” »