GmtFX Flagged for Operating Without Authorisation as Regulatory and Risk Signals Mount
GmtFX has been flagged by Swiss regulators for operating without authorisation. WikiFX data shows no license, low safety scores, and elevated investor risk.
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Abstract:The platform offers knockouts and turbo instruments. It also added crypto products earlier this year.

Spectrum Markets, a pan-European derivatives trading venue owned by IG Group, reported a turnover of €836 million for the third quarter, which is a yearly increase of 136 percent.
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It was pushed upwards by a 102 percent rise in trading volume year-over-year as 401 million securitized derivatives were traded in the three months between July and September, which is a record for the platform. In the same period of the previous year, 198 million securitized derivatives were traded.
“Im very happy to announce another strong quarter, in which we hit a new record high for the volume of securitized derivatives traded on Spectrum,” said the CEO of Spectrum Markets, Nicky Maan.
“We continue to progress our ambitious growth plans, and are looking forward to making public some major announcements for our business before the end of the year.”
Spectrum Markets offers knockouts and turbo instruments, both of which are derivative products. These products are popular as traders can use leverage while trading. Moreover, the platform is enhancing its offerings and added cryptocurrency turbo certificates earlier this year.
The demand for Spectrums products has been increasing for a while now. In the first and second quarters of the ongoing year, the trading turnover of the platform jumped by 180 percent and 250 percent, respectively. For 2021, the platform reported a total turnover of €1.35 billion, which is a rise of 93 percent.
The trading platform further revealed that there was a significant increase in out-of-hours trading. Now, more than a third of the trading activities on the platform are happening outside normal hours.
“It‘s great to see European retail investors clearly still appreciate the opportunity to trade securitized derivatives transparently and at any time of day, and that the growing engagement we’ve seen over the last few years shows no sign of weakening,” Maan added.

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.

GmtFX has been flagged by Swiss regulators for operating without authorisation. WikiFX data shows no license, low safety scores, and elevated investor risk.

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