04/22 Market report
Dow Jones / EUR / Gold / Crude Oil
WikiFX report: FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020)
The Financial Sector Conduct Authority (FSCA) has withdrawn the FSP license of Basfour 3773 (Pty) Ltd trading as Oinvest (FSP 42020), debarred Ms. Jane Engelbrecht who is the sole director, Key Individual (KI) and a representative of Basfour, for a period of 10 years and imposed an administrative penalty of R 58 608 810 on Basfour.
WikiFX report: List of financial instruments you can trade on IFC Markets
What you can trade on IFC Markets? There are more than 1000 financial instruments you can access from one platform.
WikiFX report: FSCA warns the public against Global TradeATF/Bayline Trading Ltd
The Financial Sector Conduct Authority (FSCA) advises the public to exercise caution when dealing with Global TradeATF/Bayline Trading Ltd in any financial services transaction (Global TradeATF). This company is suspected of giving unlicensed financial advice and acting as a middleman.
WWikiFX report: Consob Blocks TradeATF Domain on Non-Compliance with Ban Order
Consob has banned Hoch Capital back in December 2019 after the Limassol-based broker repeated its violations.
WikiFX report: PARENT COMPANIES OF 24OPTION, ITRADER AND TRADEATF SEEK TO DITCH CYPRIOT LICENSES
CySEC confirms that it has been informed by Rodeler and Hoch Capital of their intentions to renounce their CIF authorizations.
WikiFX report: Cyprus-based CFD Broker, TradeATF, Announces Digital Sponsorship With Argentine FA
TradeATF, a well-established and licensed Cyprus-based CFD Broker since 2013. The Broker is duly authorized and regulated by the CySEC and provides its services on an international level focused on EU countries, this week excitedly announced a digital sponsorship of the Argentine National Team under Argentine Football Association (AFA).
WikiFX report: A bit late! German BaFin investigates BrokerXP scam
The German financial market regulator BaFin announced on Sept. 7, 2021, that it is investigating the illegally operating broker BrokerXP (www.brokerxp.com).
WikiFX report: Binary.com Rebrands to Deriv.com
Binary.com, a multi-award winning pioneer in the retail online trading space, has rebranded into Deriv.com with new products and enhanced user experience, continuing its mission of serving customers into the future with simple, flexible, and reliable online trading solutions.
WikiFX report: JP MARKETS OPERATED IN ‘ABSOLUTE CONFLICT’ WITH ITS CLIENTS
An investigation into JP Markets has uncovered how the South African-based online forex broker has allegedly been trading against its clients and tampering with trading circumstances in order to drive down high earners' profitability while increasing the firm's.
WikiFX report: JP markets liquidated
The Financial Sector Conduct Authority (FSCA) previously reported that it filed an urgent application with the High Court to liquidate JP Markets (Pty) Limited and that the bank accounts of JP Markets had been frozen.
How to Become an Introducing Broker (IB) in Forex
A Forex IB is basically a business partner who works with the Forex brokerage firm to bring in new clients to the brokerage platform. A Forex IB can either be an individual client or a team of financial professionals who bridge the gap between brokerage firms and aspiring forex traders. An IB typically provides their clients with services such as trading consultations, market education, and trading signals.
04/21 Market report
Dow Jones / Euro / Gold / Crude Oil
WikiFX report: SOUTH AFRICA’S IBS CAN BREATHE EASY AS JP MARKETS FINALLY BITES THE DUST
JP Markets, which was unlicensed and had a poor reputation among introducing brokers in South Africa, has been forced into administration by the authorities, and had its bank accounts frozen.
WikiFX report: A (temporary) positive ‘spread’ for JP Markets as SCA dismisses liquidation order
The Supreme Court of Appeal (SCA) judgment of JP Markets v FSCA [2021] ZASCA 148 is the latest precedent dealing with state institutions’ attempts to wind-up private companies on just and equitable grounds.
WikiFX report: South African Apex Court Favors JP Markets, Overturns Liquidation Order
Now, the broker might claim damages from the regulator.
WikiFX report: What JP Markets’ exoneration means for the forex trading industry
Just in time for Halloween, JP Markets — until recently the most vilified forex broker in South Africa — has risen from its grave. Its once boastful slayer, the Financial Sector Conduct Authority, has been left helpless and shame-faced.
WikiFX report: AMG Announces Investment in Abacus Capital Group
Affiliated Managers Group, Inc. (“AMG”), a leading partner to independent active investment management firms globally, has announced that it has entered into a definitive agreement to acquire a majority equity interest in Abacus Capital Group LLC, an independent privately owned real estate investment manager focused on the U.S. multifamily sector. Hodes Weill Securities, LCC acted as financial advisor to AMG.
How to Start a Forex IB Business: 5 Things to Learn
Starting a Forex IB business can significantly impact your financial well-being as well as the livelihood of those you influence. Smart individuals who want to earn an alternate source of income know there’s always one way of taking things to the next level. If you’re an expert in offering value-added services to your buddy network, a Forex IB role can be a great fit for you!
WikiFX report: 3 tips to boost your commodities trading skills
Hard commodities include metals such as gold, silver, etc. and energy resources such as oil and gas. Soft commodities include livestock or meat - cattle and other domestic animals, and agricultural produce - wheat, corn, etc. Commodities are also used for trading. The commodity market is a highly volatile market because it’s not only influenced by supply and demand but by other factors such as liquidity, natural disasters, and international politics. The risk-return ratio from this volatility makes it more attractive to traders than other financial markets.