Brokes News

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Windsor Brokers informs clients of new logo change

BrokersWatch.com has learned that Windsor Brokers, a Cypriot forex broker that has been in business since 1988, is planning to change their logo. Clients were informed via an email message and were treated to a sneak preview of the new logo. The broker has no mention of this on its website and we guess that they are trying to be tight lipped about it and only chose to inform a very close circle of users. The announcement style is witty as it has a short video displaying the transition from the old to the new logo without further elaboration when and what it will actually be. At BrokerWatch we liked the announcement and the new look. We do not know when the new logo will be officially released, and if you are eager to see what it will be, here is the video that Windsor Brokers shared with users.  

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Alibaba Quietly Launched a Cryptocurrency Mining Platform

According to some new reports, Alibaba might be interested in entering the cryptocurrency mining market. A local media report claimed that the giant Chinese e-commerce and tech giant has launched a cryptocurrency mining platform. The news first reported by Tencent News (a Chinese local news agency that the new platform is called 'P2P Nodes' and that the platform was registered it on the 10th of October in Nanjing, the capital city of Jiangsu province. The report is quite curious considering that the founder of the company in the past said that cryptocurrency integration was not in Alibaba's plan. Furthermore, the company founder explained that Alibaba is not ready for cryptocurrencies. Even more so, the Chinese climate is not the best at the moment for new developments related to cryptocurrencies.  Chinese officials have banned cryptocurrency exchanges last year as a part of their overall negative cryptocurrency-related stance. Chinese authorities have revealed several plans to limit or ban certain aspects of the cryptocurrency market.

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BitConnect Platform Shuts Down Following Regulatory Warnings

BitConnect, the lending and exchange platform that was long suspected by many in the crypto community of being a Ponzi scheme, has announced it's shutting down.  The company, will close in 5 days according to their announced on its website published on Tuesday. “In short, we are closing lending service and exchange service while BitConnect.co website will operate for wallet service, news and educational purposes,” the post explained. The announcement blames a myriad of factors, perhaps most notably the "cease-and-desist" letters issued in recent days from regulators in Texas and North Carolina and continuous DDoS attacks on the platform.  “We have received two Cease and Desist letters, one from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division,” the BitConnect team wrote. “These actions have become a hindrance for the legal continuation of the platform.” Their post also, blamed "bad press" that has "made community members uneasy and created a lack of confidence in the platform". Yet, BitConnect said that its in-progress initial coin offering (ICO) will continue and that it is building an alternative exchange for the BitConnect token. “This is not the end of this community, but we are closing some of the services on the website platform and we will continue offering other cyptocurrency[sic] services in the future,” the team wrote.   Source Image via BitConnect.    

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Admiral Markets is Introducing Free Credit Card Payments

Admiral Markets announced that deposits via credit card will now also be handled as cheaply as possible – 100% free! Starting from 15 January 2018, all credit card payments will be made absolutely free! Admiral Markets shared that has made this step because Forex and CFD order execution is usually counted in milliseconds, but deposits via bank may take up to three days. Further, reminds its clients that any deposits they make should only be used for trading activities.   Source

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Kodak is joining the cryptocraze with 'KodakCoin'

Kodak the iconic photography company which first established in the 1880s has joined the blockchain and ICO age to create a new platform for digital photography with its own digital currency, called KodakCoin. The company announced a new partnership with WENN Digital for a blockchain-based platform that will aim to protect photos and images, along with artists and photographers.  “The image rights management platform will utilize the new KODAKCoincryptocurrency to provide photographers with a new revenue stream and secure platform for protecting their work.” The most important advantage the platform will provide for users is the immediate payment and shared revenues ensured, once their work becomes licenced.  The blockain technology will protect users and their work by constantly scanning for the web for illegal use of the user's work and their IP address.    Kodak CEO Jeff Clarke said in a statement: "For many in the tech industry, ‘blockchain’ and ‘cryptocurrency’ are hot buzzwords, but for photographers who’ve long struggled to assert control over their work and how it’s used, these buzzwords are the keys to solving what felt like an unsolvable problem,” said Kodak CEO Jeff Clarke in a statement. “Kodak has always sought to democratize photography and make licensing fair to artists. These technologies give the photography community an innovative and easy way to do just that.” WENN Digital developed the KodakOne platform and KODAKCoin Cryptocurrency for Kodak. The ICO is set to open on January 31st, 2018 and is open to accredited investors from the U.S., U.K., Canada and other selected countries. The ICO is issued under SEC guidelines as a security token under Regulation 506 (c) as an exempt offering.   

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ActivTrades launches crypto CFDs: Bitcoin, Litecoin and Ethereum

ActiveTrades, an FCA regulated broker, announced that it has launched CFDs on cryptocurrencies for its clients, including Bitcoin, Litecoin, and Ethereum. ActiveTrades will be offering a trading leverage up to 5:1 on BTCUSD, ETHUSD, and LTCUSD. Also, the FX broker will give it's clients access to trade CFDs on cryptocurrencies using its proprietary trading platform ActiveTraded, MetaTraded4 and 5 on the desktop, tablet, and mobile. Traders can get the full cryptocurrency experience with no extra costs as there is no commision when trading cyrptocurrencies with ActiveTrades. Clients can enjoy greated exposure in the market with leverage up to five as all cryptocurrencies are traded as a CFD. This also eliminates the risk of cryptocurrencies being stolen.   Commenting on the news, the CEO of ActivTrades, Alex Pusco, said: “Now that leading derivatives marketplaces such as the CME and CBOE have started offering Futures contracts on Bitcoin there is more liquidity in the cryptocurrencies market and we can offer a higher quality product for our traders.” “We will also launch webinars about these products to further support our client’s knowledge of the market. There is a high level of interest on cryptocurrencies right now, but as a highly speculative product it is very important to learn how to trade them wisely,” he elaborated.

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Former Company Insider Earns More Than $4.1 Million for Whistleblower Tip

The Securities and Exchange Commission announced an award of more than $4.1 million to a former company insider who alerted the agency to a widespread, multi-year securities law violation and continued to provide important information and assistance throughout the SEC’s investigation.  The whistleblower is the third awarded by the SEC in the past week.‚Äč   “Company insiders often have valuable information that can help the SEC halt an ongoing securities law violation and better protect investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.  “The breadth of the SEC’s whistleblower program is demonstrated by this case, where the whistleblower, a foreign national working outside of the United States, affirmatively stepped forward to shine a light on the wrongdoing.”    The SEC’s whistleblower program has now awarded more than $179 million to 50 whistleblowers since issuing its first award in 2012.  All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards.    Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action.  Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.    By law, the SEC protects the confidentiality of whistleblowers and does not disclose information that might directly or indirectly reveal a whistleblower’s identity.   Source

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Suspension of Fast Track Examination scheme for the examination of applications for CIF authorisation by CySEC

The Cyprus Securities and Exchange Commission (CySEC) earlier today informed all interested parties, that, it decided to suspend the ‘fast track’ examination scheme (the ‘Scheme’) for the assessment of applications for granting a Cyprus Investment Firm authorisation in accordance with Section 21 of the Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). The CySEC reached the relevant decision due to the implementation of the new legislative framework as of 3 January 2018 which consists of: (a) The Investment Services and Activities and Regulated Markets Law (Law 87 (Ι)/2017), which transposes Directive 2014/65/EU of the European Parliament and of the Council on markets in financial instruments (MiFID II) (b) Regulation (EU) No. 600/2014 of the European Parliament and of the Council on markets in financial instruments (MiFIR)  (c) All relevant delegated and implementing Αcts, which have been adopted as well as all relevant Guidelines, Opinions and ESMA Questions and Answers. As a result, the CySEC will process the applications received to this day for participation in the Scheme, but it will not accept any more applications. CySEC clarifies that this Announcement only relates to applications for granting a Cyprus Investment Firm authorisation, and the Scheme in relation to all other applications that fall within the scope of CySEC’s Announcement dated 2 November 2015 remains unaffected. The CySEC will inform all interested parties at a later date as to when the Scheme will be re-launched in relation to Cyprus Investment Firms.   Source

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Warning to the public against the activities of FTO CAPITAL

BrokersWatch draws the attention of the public to the activities of FTO CAPITAL, a Forex Broker registered on the Marshall Islands. They offer many assets for trading including all popular Forex pairs, CFD’s for European and American Stocks, along with popular Commodities like Gold, Silver, Crude Oil and Corn. FTO CAPITAL DETAILS: TEL: +44 208 068 2565 EMAIL: cs@ftocapital.com WEBSITE: https://www.ftocapital.com.   Brokers based in the Marshall Islands, in Belize are not under any regulation and they are not licensed to operate anywhere in the world. BrokersWatch advises all users to stay away from this company report it to CySec in order for swift action. We advise traders to avoid trading with this offshore broker and to invest in companies regulated by reliable authorities such as UK's FCA, CySec or Australia's ASIC.   

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Vantage FX acquires Atom8 forex broker

Vantage FX, a forex and CFD broker regulated by the Australian Securities and Investment Commission (ASIC), announced it has acquired Atom8 – a UK forex, CFD and spread-betting broker regulated by the Financial Conduct Authority (FCA).   David Bily – Director of Sales and Marketing, Vantage FX: The acquisition of Atom8 is an exciting new chapter for the Vantage brand. Our group will use this opportunity to further grow our global footprint in the UK and the European region. We understand that in the competitive market of forex trading, credibility is key to successful expansion and long-term business continuity. With ASIC and FCA regulated subsidiaries, our group is well positioned to meet the global clientele’s expectations. Our plan is to re-brand ‘Atom8’ as Vantage Global Prime UK and become the leading forex broker in European region.   Source here

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MTI Markets, a Forex Broker registered on the Marshall Islands has been shut down

Recently BrokersWatch issued a warning against the activities of MTI Markets.  MTI Group Ltd a company registered in Belize was not under any regulation and not licensed to operate anywhere in the world. Under CySec regulation, no one is allowed to engage in providing financial service out of Cyprus unless they are authorized from CySec. BrokersWatch advises all users to stay away from this company report it to CySec in order for swift action.

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Hellenic Bank in paytech overhaul with Fiserv

Cyprus-based Hellenic Bank is modernizing its payments platform with paytech specialist Dovetall (now part of Fiserv). The new solution will support Swift, Target2 and SEPA credit transfers at Hellenic Bank.  The project is part of the bank's "overarching digitalization strategy" Fiserv says.  Phivos Leontiou, head group operations, Hellenic Bank, says the bank needed “a proven payments platform” that could address its current needs, such as the optimisation of payments processes and resources, as well as future payments initiatives. Fiserv/Dovetail is “the right choice” for Hellenic Bank, Leontiou comments, given its “best-in-class  solutions”, delivery track record and a “long-term partnership approach”. Fiserv is not new to Hellenic Bank – its Signature core banking system has been running at the bank’s operations in Greece for many years, Banking Technology understands.  

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ThinkMarkets expands cryptocurrency offering

  FCA and ASIC regulated Forex and CFD Brokers ThinkMarkets has released an additional 4 major cryptocurrencies for trading, included are (Bitcoin Cash, Monero, Dsah and Neo). ThinkMarket is among the few online providers taht is offering the eight most liquid digital currencies, including Biitcoin, Bitcoin Cash, Litecoin, Dash, Monero, Ethereum, Neo & Ripple. Nauman Anees, CEO & Co-Founder commented: "We’re pleased to enhance our range of Crypto CFDs, this highlights the firm’s ongoing commitment to the sector and strengthens our position as one of the world’s largest providers of cryptocurrency derivatives." The cryptocurrencies are available to users on the Trade Interceptor and MetaTrader 4 platforms at prices that are amongst the most competitive in the industry. The ThinkMarkets Crypto CFDs are offered at spreads from as low as 15 pips, coupled with flexible leverage of up to 25:1.    Joe Rundle, Director of Trading, added: "Our core infrastructure, of a robust and sophisticated risk management & pricing engine, enables us to provide our clients access to these additional Crypto CFDs with some of the best trading conditions in the marketplace.”   The products are also available on the award winning Trade Interceptor mobile app, thus reinforcing ThinkMarkets ‘Mobile-First’ strategy of providing the largest, most liquid and competitive financial products on mobile.   Faizan Anees, Managing Director and Co-Founder. "Our ethos is to offer the best products and services to the global trading and investor community. To achieve that, we take clients requests seriously. They asked for more Crypto CFDs on mobile and we listened!" -             

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Admiral Markets is offering Contracts on the Top 4 Cryptocurrencies: Bitcoin, Ether, Litecoin and Ripple

Admiral Markets is another financial institution that allows traders to trade cryptocurrencies. The company allows its clients to trade the following instruments: BTCUSD - Bitcoin vs US Dollar ETHUSD - Ether vs US Dollar LTCUSD - Litecoin vs US Dollar XRPUSD - Ripple vs US Dollar Admiral Markets is offering a leverage of 1:5 on Bitcoin and Ether and 1:2 on Litecoin and Ripple. During the initial stages of this offering the following two rules will be in force: You can be long only (i.e. open and close ‘Buy’ positions only). Short selling will not be allowed as all your transactions are backed by us on the exchange. Your net exposure on any or all cryptocurrency instruments will not exceed 10,000 EUR or the equivalent. These instruments are available for trading 24/7.

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CONSOB warns against Tradelux Group Ltd

CONSOB -  The Italian Commission for Companies and the Stock Exchange reports that the company Tradelux Group Ltd is not authorised to provide investment services and activities in Italy including through the website www.optionint.com.   See the article here.

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Tickimill Joins the Cryptocurrency World

Tickimill, UK based brokerage firm, announced today that joined the cryptocurrency world and adds Bitcoin to its list of trading instruments. Tickmill allows you to tap into new trading possibilities: Global digital currency with remarkable surge in value Available to trade 24/5 Strong liquidity and reliable execution Take advantage of volatility Tickmill reaffirms its commitment to adding extra value to its clients investments by brining the latest innovation of the fintech world.   

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easyMarkets Launches CFD Trading on Bitcoin

 easyMarkets, a global forex broker regulated in Cyprus and Australia, announced it is launching CFDs on Bitcoin, joining the global trend among the forex brokers.   With the launch of its Bitcoin (BTC) CFD, easyMarkets will be offering BTC against USD. The trading can be done 24/7, with a leverage of up to 1:10 and a minimum deposit of $100. Additionally, the company guarantees stop loss and take profit levels and that the client's trades will be executed at the price displayed on the trading platform, even during periods of market volatility and provides negative balance protection. easyMarkets is also offering a comprehensive Bitcoin eBook for those who are new to the world of cryptocurrency trading explaining the basics.   Evdokia Pitsillidou, Director of Risk Management at easyMarkets, commented:   The excitement surrounding recent record highs in the cryptocurrency markets has now evolved into intense interest in the future of digital currencies like Bitcoin. easyMarkets’ expansion into cryptocurrency CFDs is driven by increasing demand from our clients and we want to give them the option to explore the most fascinating asset class to emerge in years. “As most traders already know, Bitcoin was the world’s first decentralised currency and, until recently, it could only be traded on a Bitcoin Exchange. With the advent of our cryptocurrency CFDs, that’s no longer the case. Our clients can now speculate purely on the price movement of the underlying asset, utilising leverage to increase their positions if they wish to.”

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FCA warns against Aston Wealth

UK Financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm Aston Wealth. Aston Wealth is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. See the article here.  

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FCA warns against CTI Group Advisors

UK Financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm CTI Group Advisors CTI  Group Advisors is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. See the article here.  

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FCA warns against Chinatsu & Partners

UK Financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA's latest warning is against the firm Chinatsu & Partners. Chinatsu & Partners is not authorised by the FCA but has been targeting people in the UK and carrying on regulated activities which require authorisation. See the article here.