ASIC Report Shows More Aussies Are Turning To FX Trading

The Australian Securities and Investments Commission (ASIC) has reported a growing interest in foreign exchange (forex) trading among Australian retail investors. In a recent speech, Cathie Armour, ASIC Commissioner pointed out that the number of retail clients trading over-the-counter derivatives

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FX Brokers Losing Money Due To Regulations & Low Volatility

Retail trading once had the reputation of being a great vehicle for bringing in high returns to investors. That reputation is now questionable given the fact that stringent rules imposed by numerous financial regulators in recent months have killed high-volume

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Chinese Financial Sector Opens Doors To More Foreign Investors

China has always been hesitant to open itself up to foreign investment with strict controls imposed by the government. This seems to be changing as China is now opening up to foreign investors. However, Beijing promises that it will take

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FCA Wants Restrictions On High Risk Online Financial Products

Investors in the United Kingdom (UK) are becoming more comfortable with making their investments online and managing their financial portfolio from the comfort of their homes. While there are a number of pros to this trend, the UK financial watchdog

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Facebook’s Libra Receives Flak During Senate Hearings

Facebook would have expected some opposition when it announced plans for its own cryptocurrency. However, the company has probably received a lot more than would have anticipated from Congress as well as other financial regulators around the world. Congress has

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CySEC Warns of Growing Increase In Unregulated FX Broker Websites

Cyprus Securities and Exchange Commission (CySEC) is sounding the alarm on the increasing amount of unregulated trading activity in the European market. It has been over a year since the European Securities and Markets Authority (ESMA) set down restrictions to

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FCA Asks For More Information On Facebook’s Libra Coin

Facebook has launched its own cryptocurrency called Libra in an attempt to enter and dominate the global cryptocurrency market. The new Libra crypto coin has caught the attention of financial regulators around the world. The Financial Conduct Authority (FCA) which

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FATF Wants Client Data From Crypto Exchanges Collected

The Financial Action Task Force (FATF) is a watchdog that is responsible for overseeing its 37 member countries. The FATF focuses on combating money laundering and has been looking into the operations of virtual asset service providers (VASPS), especially crypto

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Revolut Expanding Into Australia With FX Services

The UK based fintech firm Revolut has a solid reputation in the European market, providing forex services to over five million European customers. Now, the company is planning to take its first steps outside of Europe with an expansion set

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Denmark Follows UK To Ban Binary Options From July 2019

The binary options market got smaller recently when UK regulators decided that it was time to crack down on what they deemed as risky investments. The global binary options market reduced in size after the UK permanently banned the sale

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