Brokers’ News this Week

Vietnam

Office Opens

ATFX opens office in Poland as part of EU Expansion. The new office will focus on IT development and SEO marketing.

Flat Growth

CFTC data shows flat growth in retail FX deposits for June. Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients deposits.

Tradernet Fined

CySEC settles with Tradernet for €80,000 fine. The regulator has announced on Friday that it reached a settlement with Tradernet Limited for €80,000 for some unspecified violations.

Off-shore Brokers Blocked

CONSOB blocks access to 7 off-shore brokers . The regulator has, till now, flagged 268 trading platforms.

New Name

OANDA announced this Tuesday that it has rebranded its currency data and analytics business, giving it the new name of Foreign Exchange Data Services.

Thailand

Alipay Added

Valutrade added Alipay payment option.

PayPal Stopped

Vantage FX stopped accepting deposits via PayPal.

Regulated Broker

Velocity Trade is now regulated by the FSCA of South Africa and by the FMA of New Zealand.

Third-party Payment

VideForex no longer works with WebMoney, Skrill, and Neteller for deposits and withdrawals, while Windsor Broker added support for WebMoney deposits.

Registration Added

World Forex ditched Liqpay payment system. Added registrations with Vanuatu Financial Services Commission and the FSC of the British Virgin Islands.

Indonesia

Broker Examination

CoFTRA holds professional examination for Prospective Vice Broker Candidate Class II, a total of 195 participants from various regions took part in.

Russian

Award Wins

XM won an award from CFI.co for the third time in a row.

Liquidity Standard

The Russian Regulator Institutes a short-term liquidity standard for brokers. From October 1, 2021, brokers will have to comply with the short-term liquidity ratio to keep a stock of highly liquid assets, which will allow them to continue operating in the face of significant cash outflows during the month.

Underlying Asset

On August 05, 2020, an early change of the August futures will take place for the Soy instrument.

CompetitionCanceled

During the Drag Trade contest occurred a technical error that led to a data failure, in this regard, Grand Capital canceled the contest and reset all results.

WebinarHosted

On August 5, Alpari hosted a webinar “Hunter Strategy: Steady Income in Volatile Times”. The event was moderated by the author of the Hunter strategy and teacher at the Trading Academy Aziz Abdusalomov.