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Brokers’ News this Week
Abstract：ATFX opens office in Poland as part of EU Expansion. The new office will focus on IT development and SEO marketing.
Vietnam
Office Opens
ATFX opens office in Poland as part of EU Expansion. The new office will focus on IT development and SEO marketing.
Flat Growth
CFTC data shows flat growth in retail FX deposits for June. Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients deposits.
Tradernet Fined
CySEC settles with Tradernet for €80,000 fine. The regulator has announced on Friday that it reached a settlement with Tradernet Limited for €80,000 for some unspecified violations.
Off-shore Brokers Blocked
CONSOB blocks access to 7 off-shore brokers . The regulator has, till now, flagged 268 trading platforms.
New Name
OANDA announced this Tuesday that it has rebranded its currency data and analytics business, giving it the new name of Foreign Exchange Data Services.
Thailand
Alipay Added
Valutrade added Alipay payment option.
PayPal Stopped
Vantage FX stopped accepting deposits via PayPal.
Regulated Broker
Velocity Trade is now regulated by the FSCA of South Africa and by the FMA of New Zealand.
Third-party Payment
VideForex no longer works with WebMoney, Skrill, and Neteller for deposits and withdrawals, while Windsor Broker added support for WebMoney deposits.
Registration Added
World Forex ditched Liqpay payment system. Added registrations with Vanuatu Financial Services Commission and the FSC of the British Virgin Islands.
Indonesia
Broker Examination
CoFTRA holds professional examination for Prospective Vice Broker Candidate Class II, a total of 195 participants from various regions took part in.
Russian
Award Wins
XM won an award from CFI.co for the third time in a row.
Liquidity Standard
The Russian Regulator Institutes a short-term liquidity standard for brokers. From October 1, 2021, brokers will have to comply with the short-term liquidity ratio to keep a stock of highly liquid assets, which will allow them to continue operating in the face of significant cash outflows during the month.
Underlying Asset
On August 05, 2020, an early change of the August futures will take place for the Soy instrument.
CompetitionCanceled
During the Drag Trade contest occurred a technical error that led to a data failure, in this regard, Grand Capital canceled the contest and reset all results.
WebinarHosted
On August 5, Alpari hosted a webinar “Hunter Strategy: Steady Income in Volatile Times”. The event was moderated by the author of the Hunter strategy and teacher at the Trading Academy Aziz Abdusalomov.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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BitDelta Pro Review: Unregulated or Legit Broker?
BitDelta Pro Review: No valid regulation, risky spreads, and hidden broker issues. Traders should proceed with caution.
Original 15h
Alpha FX Allegations: Traders Claim Account Blocks, Withdrawal Denials and Security Breaches
Is trading with Alpha FX fraught with too many errors and scams? Have you seen your forex trading account blocked after requesting fund withdrawals with the broker? Invested a heavy amount, but finding it hard to withdraw the sum? Have you seen domain changes while attempting an Alpha FX login? These issues have become typical for Alpha FX traders, with many of them sharing their frustration online. In this Alpha FX review guide, we have shared some trading complaints against the UK-based forex broker. Read on!
Original 16h
In-Depth Review of MH Markets Trading Conditions and Leverage – An Analysis for Experienced Traders
For experienced traders, selecting a broker is a meticulous process that extends far beyond marketing claims and bonus offers. It involves a granular analysis of the core trading environment: the quality of execution, the flexibility of leverage, the integrity of the regulatory framework, and the suitability of the conditions for one's specific strategy. MH Markets, a broker with a 5-10 year operational history, presents a complex and multifaceted profile that warrants such a detailed examination. This in-depth review dissects the MH Markets trading conditions and leverage, using primary data from the global broker inquiry app, WikiFX, to provide a clear, data-driven perspective. We will analyze the broker's execution environment, account structures, and regulatory standing to determine which types of traders might find its offering compelling and what critical risks they must consider.
Original 17h
MH Markets Commission Fees and Spreads Analysis: A Data-Driven Breakdown for Traders
For any experienced trader, the long-term viability of a brokerage partner hinges on a delicate balance of trust, execution quality, and, critically, cost. Trading fees, both direct and indirect, can significantly erode profitability over time. This makes a granular understanding of a broker's cost structure not just beneficial, but essential. This in-depth analysis focuses on MH Markets, breaking down its commission fees, spreads, and other associated costs to provide a clear, data-driven perspective for traders evaluating this broker for their long-term strategies. Drawing primarily on verified data from the global broker inquiry platform WikiFX, alongside other public information, we will dissect the MH Markets spreads commissions cost structure. We aim to move beyond marketing claims and uncover the practical, real-world costs of trading with this broker, helping you determine if its pricing model aligns with your trading style and financial goals.
Original 17h
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