Brokers News

Speech by Andrew Bailey, Chief Executive of the FCA, at City Week ‘The International Financial Services Forum’. regarding Brexit, UK and EU authorities, and more. Highlights  Now is the time for the UK and EU authorities to come together and work on the solutions to reduce the risks to financial stability that Brexit could pose. At the FCA we want to ...

FCA regulated Retail FX and CFDs broker Admiral Markets UK LTD, has issued a warning on its website, regarding a company calling itself Admiral Crypto at website domain admiral-crypto.com The clone entity site is in French and English and claims to offer cryptocurrency trading services and also claims to be an entity of Admiral Markets UK, Ltd and states that ...

The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA) and insurance and pensions (EIOPA) have made an announcement for consumers regarding the risks of buying cryptocurrencies.   The ESAs are concerned that an increasing number of consumers are buying VCs unaware of the risks involved. VCs such as Bitcoin, are subject to extreme price volatility and have shown clear ...

Banco Santander has set a Q1 2018 launch date for the introduction of same day mobile international payments for personal customers using Ripple's distributed ledger technology. A spokesperson for the bank noted: “We plan to launch this in the coming months, and we can confirm in the registry that we plan to use xCurrent in the project. We expect to ...

Singapore Will not Ban Cryptocurrencies, according to the latest commentary of Tharman Shanmugaratnan, the deputy prime minister and minister in charge of regulatory body the Monetary Authority of Singapore (MAS). “Cryptocurrencies are an experiment. The number and different forms of cryptocurrencies is growing internationally. It is too early to say if they will succeed,” Shanmugaratnam said. “If some do succeed, their full implications ...

At BrokersWatch.com we first learned that Windsor Brokers, a Cypriot Forex Broker was planning to change their logo and look as the year 2018 marks their 30th anniversary in Forex industry. Today, Windsor Brokers is unveiling its new brand identity which builds on the company’s image and creates a modern look and feel for the broker. The new brand identity is a part of their 30th ...

Cryptocurrencies are diving again on Tuesday, extending a slump that began in earnest at the start of January. Bitcoin briefly fell below $6,000 at around 8.00 a.m. GMT (3.00 a.m. ET) for the first time since mid-November. Hussein Sayed, chief market strategist at FXTM, said on Tuesday morning:  "The most famous digital currency has fallen 69% from December’s record high, and ...

FXTM announced that they have been granted a licence with the UK’s Financial Conduct Authority (FCA), and will be ready to operate in the coming weeks under FCA license no. 777911. It is worth mentioning that FXTM is authorized and regulated by a number of regulators, including CySEC in the EU and the FSB in South Africa.  Martin Couper, Director of Forextime ...

Lloyds Banking Group becomes the first major lender in the UK to ban the buying of cryptocurrencies using its credit cards. The Telegraph reports that Lloyds will tell its 9 million credit card holders that attempts to buy digital currencies will be blocked. Debit card transactions will not be blocked according to the report.  The move will impact customers of: ...

Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our customers." These chips are known as ASICs, or application-specific integrated circuits. ASICs are processors that have been specially designed ...