Brokes News

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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.

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BDSwiss has expanded its list of trading instruments to include Bitcoin, Ethereum and Litecoin.

BDSwiss, a Cyprus-regulated forex, CFD and binary options brokerage, announced it is launching leveraged trading of CFDs on three of the most popular cryptocurrencies: Bitcoin, Ethereum and Litecoin.   The trading conditions for the new instruments are the following: leverage 1:5, minimum lot size 0.1 lots, over 50 indicators to help traders better determine price direction.   Other forex brokers offering various instruments with digital currencies are eToro, AvaTrade, HYCM, Admiral Markets, Fibo Group, Alpari, JFD Brokers, IG, IC Markets, Grand Capital, FXTM, FxPrime, RoboForex.

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RoboForex launches Bitcoin, Ethereum CFDs trading

RoboForex  has joined the digital currencies trend by expanding its portfolio with CFDs on the two largest digital currencies – Bitcoin and Ethereum against the USD. (BTCUSD and ETHUSD) Cryptocurrencies are available for trading to the clients with Pro-Standard, ECN-Pro NDD, Pro-Affiliate, ECN-Pro Affiliate, and Stock accounts.  Other forex brokers offering various instruments with digital currencies are eToro, AvaTrade, HYCM, Admiral Markets, Fibo Group, Alpari, JFD Brokers, IG, IC Markets, Grand Capital, FXTM, FxPrime.  

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FSMA warns against Avallon Patrimoine

The Financial Services and Markets Authority (FSMA) warns the public against the activities of Avallon Patrimoine, which claims to offer investment services from Belgium. ​Avallon Patrimoine is not allowed to provide investment services in or from Belgium. This company claims to have its registered office in Antwerp at Blancefloerlaan, 43-45. However, no company with the name Avallon Patrimoine has been registered in the Belgian Legal Entities Register at that address. See the article here.

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FCA warns against Cedar Call clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Cedar Call. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Cedar Call.  

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FCA warns against Ellis and Tate

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 Ellis and Tate. Ellis and Tate 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 Gatco Bank PLC

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 Gatco Bank PLC. Gatco Bank PLC 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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Investoo Group Acquires RoboAdvisors.com

Leading FX affiliate firm Investoo Group announced earlier today, its latest acquisition in the retail investment space. The acquisition of RoboAdvisors.com marks the company’s expansion into the Portfolio Management industry. Investoo Group CEO Adam Grunwerg said: “Our acquisition of this dynamic robo advisor comparison site represents a major turning point in our company as we expand into the retail investments industry. Robo advisors is a rapidly growing market that we feel will revolutionise the personal investments industry. This acquisition fits nicely into our group of brands, alongside our investment and news portal Invezz.com.” RoboAdvisors.com allows visitors to choose the best robo advisor according to their unique requirements. With ambitions to establish RoboAdvisors.com as the best robo advisor comparison site worldwide, the service will be available on a new, easy to use platform that will set the industry standard. Investoo Group Chairman, David Merry, said of the acquisition: “This exciting development is part of our commitment to revolutionizing personal finance and investment. We are always looking for growth opportunities to expand our reach into investment niches.”   Investoo has acquired 4 brands since December 2016.  SocialTradingGuru.com  Invezz.com  100ForexBrokers.com

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FCA warns against Northill Global clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Northill Global. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: Northill Global

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FCA warns against J O Hambro Capital Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm J O Hambro Capital Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here: J O Hambro Capital Management

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FCA warns against Osbourne Mulligan Consulting

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 Osbourne Mulligan Consulting. Osbourne Mulligan Consulting 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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The Nova Scotia Securities Commission (NSSC) warns against Ashford Investments

The Nova Scotia Securities Commission is alerting investors that Ashford Investments is not registered to sell securities in Nova Scotia. At least one Nova Scotia investor has lost money investing with the company. The investor was intending to do business with Quantum Code and his credit card was charged by Ashford Investments. Both Quantum Code and Ashford Investments are companies soliciting the sale of binary options to Nova Scotians, and neither are registered to sell securities in Nova Scotia.  The commission urges Nova Scotians to exercise extreme caution when dealing with firms that are not registered in Nova Scotia. It is illegal to solicit investments in Nova Scotia without registering with the Commission and complying with Nova Scotia securities laws.    See the article here.

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SEC Charges Penny-Stock Operators in Push to Crack Down on Repeat Offenders

The Securities and Exchange Commission today charged two individuals with defrauding investors in penny stock companies that claimed to have valuable patents.  One of those charged had been barred from the penny stock business based on his role in another securities scheme and neither he nor his companies had ever been issued any patents by the U.S. Patent and Trademark Office, the SEC alleged.   Hatfield is a repeat offender whose prior securities schemes resulted in a criminal conviction, injunctions, a contempt of court finding, and broker-dealer, investment adviser, and penny-stock bars. The SEC’s complaint alleges Hatfield controlled the two companies but concealed his role in them by having his wife and Lovern named as corporate officers and directors. The U.S. Attorney’s Office for the Southern District of Florida today filed related criminal charges against Hatfield, Lovern, and others, and the SEC announced a trading suspension in NanoSave Technologies (NNSV).   According to the SEC’s complaint, the defendants hired unregistered brokers to cold call investors and pitch investments in “patent units,” using scripts written by Hatfield, including one that falsely claimed N1 Technologies had patented a cure for staph infections.  Investors were told that purchasing an $80,000 unit could yield as much as $1 million based on sales of similar patents, the SEC alleged.  The SEC alleged that although investors were told that their money would help fund further research and development, the defendants used most of it for personal expenditures and to pay sales commissions of up to 40 percent.   “As alleged in our complaint, Hatfield is a recidivist who fraudulently raised money by selling investors interests in non-existent patents,” said Eric I. Bustillo, Director of the SEC’s Miami Regional Office.  “This action is part of the Miami Regional Office’s Recidivist Initiative and the Commission’s efforts to pursue recidivist violators and hold them accountable.”   The SEC is seeking return of the defendants’ allegedly ill-gotten gains, with interest, a civil monetary penalty, a court injunction, and other relief.     Source

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CySEC Renounces AJF Financial Services’ CIF Authorisation

The Cyprus Securities and Exchange Commission (CySEC) has renounced the CIF authorization of AJF Financial Services Ltd. AJF first received its CySEC CIF license (number 295/16) in February 2016. The Company, will no longer provide its services in Cyprus and it's worth mentioning that AJF first received its CySEC CIF license (number 295/16) in February 2016.   AJF provided investment services via the following domains: AlphaInvest.eu Direktbroker24.de  CapitAlpha.com EU-Capitals.com TradeFinancial.eu OndaTrade.com  The Company is obliged to settle within a period of three (3) months, its obligations arising from the investment services that lapsed. It is noted that during the above period, the Company will remain under the supervision of CySEC.

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FCA warns against Yinforex Capital Ltd

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Yinforex Capital Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. See the article here.