Broker Updates During Nov. 16-22

Vietnam

Risk WarningGuideline

1. A recent probe by the financial regulatory authorities in Germany revealed that nearly half of the reviewed 40 brokers from seven European countries - the UK, Germany, Cyprus, Malta, Luxembourg, the Netherlands and Ireland – do not use the prescribed risk warning guideline correctly.

Product Offering

2. ATFX expands product offering with Toyota CFDs. The clients can now trade the price movements of the worlds second-largest automaker.

New Trading Analytics

3. FXCM updates ‘clients only’ plus portal with new trading analytics. Trading analytics gets an upgrade with new account monitoring tools.

New App

4. AvaTrade introduces new social trading app. The broker launched the new mobile application in partnership with Pelican Trading.

Indonesia

Recognition Received

5. BDSwiss has received recognition for its commitment to providing superior and trusted services globally. This year, BDSwiss has taken a number of steps to maintain the highest standard of trading services it provides to clients worldwide.

DomainBlocking

6. Ministry of Trade through the trade supervisory agency commodity futures (Bappebti) blocked as many as 115 domain entities that do not have business licenses as futures brokers. As of October 2020, Bappebti has blocked as many as 1029 unlicensed domain entities.

Services to be Ceased

7. The British company, Revolut Trading Limited, will no longer be able to provide its services across the EEA from 1 January 2021 as the prospect of crashing out of the European Union without a trade deal looks increasingly likely.

Thailand

Scam Warning

8. The Commission de Surveillance du Secteur Financier (CSSF) has warned that a firm claiming to be authorized under the name OTC Markets or Brokerhouse OTC is in fact not licensed to carry out business from within its jurisdiction.

Regulatory Alert

9. The Cypriot regulator has warned against entering into transactions today, particularly involving CFDs, cryptocurrency and forex-trading, via online trading platforms operated by unlicensed providers.

Ø monecor.eu

Ø ampglobalfx.com

Ø cardinalfx.trade

Ø falconfxoption.com

Ø lab-finance.com

Ø 24cryptofxtrade.com

Japan

Trading Data

10. Monthly Statistical Bulletin on Over-The-Counter Retail FX Margin Trading【October 2020】

Number of Over-The-Counter Retail FX Margin Trading Operators : 52 (as of October 31, 2020)

Number of members reported : 52

Volume: 442.1743 trillion JPY

Open Positions(as of the end of the month) : 7.4629 trillion JPY

Short : 2.4094 trillion JPY

Long : 5.0534 trillion JPY

Commonwealth of Independent States (CIS)

New License

11. Kula Lampru, CFO of easyMarkets dealer, noted that the supervision of the broker and the safety of clients' funds are extremely important. The new license, taking into account the already existing permissions from CySEC and ASIC, confirms the high level of the company's service.

Alpari Competition

12. According to the company Alpari, by December 13, 2020, more than 7 thousand dollars will be drawn in the competition. Everyone can receive their winnings - you just need to choose a competition and declare yourself.