Forex Brokers’ News this Week

Indonesia

Illegal info

The Ministry of Trade through the Commodity Futures Trading Regulatory Agency (Bappebti) in collaboration with the Ministry of Communication and Information curbed 81 videos on the social media channel Youtube and 57 domains of illegal entities during June 2020. This regulation aims to prevent community losses as a result of violations of the laws and regulations in the field of futures trading.

Email alerts

Australian-headquartered global foreign exchange broker Pepperstone has recently sent out an Email to clients, alerting them of a data security incident in which third parties are reaching out to the brokers clients and falsely claiming to be Pepperstone.

Vietnam

XTBrevenue

XTB has seen around six-fold surge in its total operating revenue which jumped to $137.0 million in H1 2020.

ThinkMarkets IPO

ThinkMarkets is planning for a $300 Million Australian IPO. The company has already raised $15 million in a pre-IPO funding round.

Scams blocked

FCA exposes Crypto and FX Scams. The city watchdog has also blacklisted TD Global Finance, InterCryptos, and Money Sense Market.

Brokers charged

Canadas AMF charges Pank Trading and M5 Forex Method in $1.2M Fraud. Prosecutors describe a scheme in which investors were lured into handing their money in exchange for promises of huge returns

Thailand

License number

Roboforex changed its IFSC (Belize) license number.

Account size

Global prime is now regulated by the FSA of Seychelles. The broker no longer offers PAMM, MAM, or personal manager, but now offers trading contests. Renamed its account type from Standard to ECN, added trading in indices, soft commodities, metals, and energies; lowered the minimum account size from $500 to $200.

License suspended

USGFX had its license suspended by ASIC.

Regulator changes

ITRADER and 24Option are no longer regulated by Cysec.

Leverage adjusts

TurboForex added Premium account type for traders with at least $10,000. It features low fixed spreads plus commission and up to 1:500 leverage.

Russia

XM helps orphans

XM resumed its annual work with Go with the Flow, a group of charities dedicated to the health of Ugandan girls orphans.

IFC Markets schedule changes

Schedule Changes on July 23rd and 24th because of Japanese holidays.

Finam into TOP10

According to the rating data of “Medialogia”, the most cited Russian media resources in the financial industry, the Finam.ru website (part of the FINAM Group of Companies) has significantly improved its positions over the past 3 months and entered the top 10 most authoritative financial publications.

Alpari lunches rating

Alpari launched the rating of successful PAMM-account investors. The rating will allow you to find out in which PAMM accounts the most successful investors invest their funds, and also allow you to track the profitability of the PAMM account for the week and the amount of funds invested.

Alpari to be boxing sponsor

The international financial brand Alpari has become the general partner of one of the main events of the summer 2020 season in Ukraine - 2020 BIG BOXING NIGHT, an innovative sports show for fans of boxing and an active lifestyle, and the ambassador of the event will be Alexander Usik, the IBF, WBA super, WBO super and WBC world boxing champion.