Category: FX
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Retail Prop Trading Firms Struggle: Ascetic Capital & Smart Prop Trader Shut Down
The retail prop trading market appears to be facing a period of oversaturation and instability, as demonstrated by the rapid collapse of Ascetic Capital, a new firm that announced it…
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EBC Financial CEO Highlights Offshore Brokerage Trends and Risks in Retail Trading
David Barrett, CEO of EBC Financial’s UK unit, discussed the rising trend of traders turning to offshore brokerage firms due to restrictive regulations in home countries, particularly around leverage. Barrett…
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Capital.com partners with Amazon in Dubai with AED 1M raffle campaign
Capital.com’s UAE branch has joined forces with Amazon in a high-profile collaboration aimed at promoting its services in Dubai. Under the partnership, over 500,000 Amazon customers will receive a Capital.com-branded…
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ASIC issues final stop order against Indy-C over non-compliant credit arrangements
The Australian Securities and Investments Commission (ASIC) has issued a final stop order preventing Indy-C-Fashion Accessories Pty Ltd (Indy-C) from offering Centrepay credit arrangements to consumers at its Katherine store….
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Federal Court Orders $1.25 Million Penalty and Four-Year Disqualification for Property Scheme Operator Sasha Hopkins
Sydney, Australia, November 27, 2024 – The Federal Court has ordered Sasha Hopkins, the founder and director of The A Team Property Group, to pay a $1.25 million penalty and…
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Crypto Craze Dominates Interactive Brokers’ Most Active Symbols List
Interactive Brokers (IBKR) has released its latest “25 Most Active Symbols” list for November 26, 2024, shedding light on client trading activity across stocks and options over the past five…
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Spotware Launches cTrader 5.0: New Features for Algo Trading and Broker Tools
Spotware has rolled out cTrader 5.0, a significant update available to all cTrader brokers and prop firms. The new version enhances the user experience across Windows, Web, and Mobile platforms…
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FXGT.com Unveils New Trading Platforms for Enhanced Mobile and Desktop Experience
FXGT.com, a multi-asset brokerage, has launched two new platforms, FXGT App and FXGT.com Trader, designed to improve user trading experiences on both mobile and desktop. The platforms aim to deliver…
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Beware: Scammers Pose as CySEC Officials on Review Platforms to Deceive Investors
Scammers have increasingly turned to online review platforms like TrustPilot and Google Business to impersonate representatives of the Cyprus Securities and Exchange Commission (CySEC). In a recent alert, CySEC warned…
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Trump’s Bitcoin-Friendly Win Ushers in New Era for Crypto: Market Optimism, Policy Shifts, and Industry Growth
Donald Trump’s recent victory in the U.S. presidential election has stirred excitement, not only due to his sweeping electoral success but also because of his unprecedented support for Bitcoin and…
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ATFX to Enter Prop Trading Market as Part of Industry-Wide Shift
In an exclusive reveal, ATFX, a well-known broker in the forex and contracts-for-difference (CFDs) space, plans to launch its proprietary trading, or prop trading, services. ATFX’s new offering aims to…
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Tauro Markets Appoints Carla Nemr as Chief Commercial Officer
Tauro Markets, a retail FX broker, has appointed industry veteran Carla Nemr as its Chief Commercial Officer (CCO) effective immediately. Nemr, who brings over two decades of experience in the…
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Week in Review: Fed Slashes Rates, NAGA Expands CFDs to Telegram, and More
This week saw key developments in finance and technology. The UAE rose to prominence as the leading tech hub, surpassing Germany and Hong Kong. Meanwhile, Revolut is reportedly preparing to…
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California Man Ordered to Pay $36 Million in Cryptocurrency and Forex Fraud Case
William Koo Ichioka, 30, has been ordered by Judge Vince Chhabria of the U.S. District Court for the Northern District of California to pay $36 million in penalties for defrauding…
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Funds for Traders shuts down due to MetaTrader platform restrictions
Netherlands-based retail prop trading firm, Funds for Traders, announced its closure. The decision comes after its executing broker, Eightcap, informed the company that it would no longer support MetaTrader 4…
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Dukascopy’s Financial Struggle Continues in 2023 with Declining Revenues and Profits
Geneva-based retail FX and CFDs broker Dukascopy has reported a continued decline in both revenues and profits for the second half of 2023, according to its latest annual report. The…
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MarketAxess Appoints Dan Burke as Global Head of Emerging Markets
MarketAxess Holdings Inc. (NASDAQ: MKTX) has announced the appointment of Dan Burke as Global Head of Emerging Markets (EM). In this role, Mr. Burke will oversee the development and execution…
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FPFX Technologies Sues Funded Engineer for Alleged Contract Breaches
FPFX Technologies, LLC, a retail trading technology provider, has lodged a lawsuit against Funded Engineer, a proprietary trading firm, and its operators. The lawsuit, filed in Palm Beach County, Florida,…
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Prop Firm The Funded Trader Halts Withdrawals and Payouts
The Funded Trader (TFT), a prop trading firm, faced scrutiny and criticism as CEO Angelo Ciaramello addressed clients in a highly anticipated “Community Update.” Traders were eager for answers, particularly…
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FX Broker Capital.com Pauses New Client Onboarding in the UK
London-based Retail FX and CFDs broker Capital.com has announced a temporary pause onboarding new clients in the UK. The decision, posted on its UK website, is attributed to the company’s…
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