Markets

Traders at Fintokei have received more than €4 million in payments this year, according to the proprietary trading firm. The company stated that it now records over 400,000 trades daily via its platform. The firm noted that the average payout...

A district court in the United States has set a consent order that demands Yakov Cohen return the $7 million he wrongfully obtained. This money came from participating in fake binary options schemes associated with the brands BinaryBook, BigOption, and...

A U.S. judge recently let a class action lawsuit from Coinbase shareholders go ahead, adding to the company’s legal troubles. The lawsuit claims the exchange misled investors regarding its risks from regulations, especially those involving the U.S. Securities and Exchange...

Marios Demetriades, who used to be Cyprus' Minister of Transport, has resigned from his roles at FxPro Group, ending a long stint of over six years. The company said this move includes his departure from FxPro’s FCA-licensed UK entity and...

Fundedlions, a prop trading firm, has shut down its operations unexpectedly. The Chief Executive Officer, Noman Iqbal, told users not to log into their accounts for a few days because the company was switching to MetaTrader 5. In a letter...

Morgan Tillbrook has chosen to resign as the Director and Chief Executive Officer of Alpha Group International after working in the company for over 15 years. He will stay until 31 December 2024, and Clive Kahn will take over. According...

Mortgage technology company Twenty7tec has secured £16.5 million from the Business Growth Fund (BGF) to support its growth and expansion in the UK. Established in 2014 and based in Bournemouth, Twenty7tec’s platform simplifies the entire mortgage process, from finding and...

The Cyprus Securities and Exchange Commission (CySEC) has announced a new social media campaign designed to alert investors to the risks of online investment activities. This action is a response to the increasing prevalence of online scams. CySEC has found...

SquaredFinancial has announced a new series of forex trading seminars. These seminars will begin in September in the UAE and will extend throughout the GCC region. The GCC has been a key area for the company. Due to the increasing...

The US Federal Deposit Insurance Corporation (FDIC) is exploring strategies to shield customers from fintech failures, according to Bloomberg Law. This move comes after the FDIC, along with two other federal banking regulators, voiced concerns in late July. FDIC issued...

Acuity Trading, known for its alternative data and technology solutions for financial markets, has announced a strategic partnership with Techysquad, a Forex CRM software provider. The deal will integrate Acuity's Research Terminal into Techysquad's CRM system. The partnership will let...

The Singapore Exchange (SGX) recently shared a report that shows that its foreign exchange futures trading reached top levels in August. The platform said higher changes in the market and more risk-managing activities led to the biggest trading volumes it...

Rockfort Markets Limited’s right to issue derivatives has been canceled by New Zealand’s Financial Markets Authority (FMA) after its appeal was turned down by the High Court. The license is invalid beginning on July 19, 2024, after five years of...

Skilling, a company in Cyprus that deals with forex and CFDs, has chosen George Kyriakoudes to be the temporary Chief Executive Officer. He was promoted from his role as Chief Financial Officer, where he worked for the last eight months....

Kompasbank has received EUR 5.5 million more in investment as investors continue to support its digital banking growth. The company said this funding reflects confidence in its potential for future success. The capital injection aims to support the development of...