FNG Exclusive… FNG has learned that Singapore based Retail FX and CFDs broker Samtrade FX is planning a major international push, in two of the world’s leading jurisdictions for FX traders. Within the past several months the company has set up subsidiaries in the UK and Australia – and within the past few weeks has…
Read More “Exclusive: Singapore FX broker Samtrade gets FCA and ASIC licenses” »
Italy’s Companies and Exchange Commission (CONSOB) continues to issue orders for the blocking of access to unauthorized investment websites. Today, the regulator announced it has ordered the blackout of five new websites that abusively offer financial services. The websites targeted by the latest set of orders are: Kiplar Ltd (website https://kiplar.com); “AcadianAmLtd” (website www.aca-asset.com and related…
Read More “GB Trade FX and Tradobit to have their websites blocked in Italy” »
Fintech company Spotware Systems today announced the new cTrader Mobile 4.0 release. The update comes with several valuable features for both – Android and IOS users. cTrader Copy has now entered Mobile for Android users, providing the ability to discover, select and follow copy strategies, as well as to manage investments wherever a trader is….
The United States Financial Industry Regulatory Authority (FINRA) has filed a complaint against StockKings Capital LLC and its CEO Gregory Antonius Lewis. In 2015, Lewis began raising funds for a business that he told potential investors would aggregate and analyze investor portfolios on a financial technology platform. In a series of unregistered, private securities offerings…
Leading Swiss online trading firm Swissquote and Luzerner Kantonalbank AG (LUKB) are expanding their cooperation. From January 1, 2022, LUKB will be Swissquote’s exclusive partner for mortgages. The two banks will jointly offer Swissquote’s clients attractive terms for online mortgages for home financing and mortgage redemption. Swissquote and LUKB are aiming to provide binding financing…
Read More “Swissquote announces strategic partnership with Luzerner Kantonalbank” »
Restrictions will be introduced on the offering of turbos to Dutch retail investors, with effect from 1 October 2021. There will be a leverage limitation, a mandatory risk warning and a prohibition on bonuses for trading turbos, the Dutch Authority for the Financial Markets (AFM) confirmed today. The restrictions include: Leverage limitations reduce the financial risk…
Read More “The Netherlands to introduce restrictions on offering of turbos from Oct 2021” »
Danske Bank A/S has entered into an agreement with OP Financial Group in Finland and the consortium of banks behind Vipps in Norway to merge the three mobile payment providers MobilePay, Vipps and Pivo. The ambition is to create Europe’s best and most comprehensive digital wallet. Serving 11 million users and over 330,000 shops and…
Read More “Danske Bank to merge MobilePay, Vipps and Pivo” »
Millennium Global, one of the world’s largest currency managers, has announced that it has launched MillTechFX – an independent, comparative multi-bank FX marketplace which reduces FX execution costs and operational burdens, with the backing of Sir Ronald Cohen, widely known as ‘the father of British venture capital’. The business has been in build mode for…
Read More “Sir Ronald Cohen backed MillTechFX launches multi-bank FX marketplace” »
FNG Exclusive… FNG has learned that Spanish financial regulator CNMV is looking at taking fairly drastic action against foreign Forex and CFD brokers, which might include the outright banning of many brokers from providing service to Spanish traders. The (potential) action would not be against the websites of offshore brokers, whom the regulator already often…
Read More “Exclusive: Spain looking to ban Cyprus and UK CFD brokers” »
FNG Exclusive… FNG has learned from sources in Israel that social trading focused online broker eToro is getting set to announce a going-public transaction, that will value the company at approximately $10 billion. eToro will apparently eschew the traditional IPO process, and go public via a combination with one or more SPACs. The company is…
Read More “Exclusive: eToro going public at $10B valuation via SPAC combo” »
