FCA Warns Investors To Be Careful About Bogus CFD Firms

The Financial Conduct Authority (FCA) imposed stringent restrictions earlier this year on contracts for difference (CFDs) and CFD like options that were being sold to retail investors. Traders were asked to comply with a number of restrictions in order to

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Robinhood Set To Launch Its Zero-Fee Trading App In The UK

Robinhood surprised the trading market when it decided to charge zero commission fees on its trading app in the United States. This strategy encouraged many Americans to download the trading app and start trading. Since the Robinhood app brings with

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EU Commission Gives UK Clearing Houses 12 Month Extension

London has long been a major financial center. For years, this was to the advantage of various clearinghouses that participated in the trading industry since it was the prime spot for trading between the US, the EU, and the rest

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Facebook Shifts Focus From Libra To New Payment Service

Facebook has been making news in the financial world for its controversial Libra Project. Central banks around the world are up in arms over the possibility that Facebook could launch its own digital currency and change the global financial landscape.

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Apple Card Gets In Trouble Over “Sexist Credit Limits”

Earlier this year, Apple Inc. decided to branch out into finance and launch its Apple Card. Apple has a very committed set of customers throughout the world who are ever ready to try out anything new that Apple releases. The new

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Alipay Launches International E-Wallet For Foreigners In China

Foreigners who have visited China in the past have found it difficult to carry out online purchases because they did not have a Chinese bank account or a local mobile number. That is about to change because Alipay is now

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Saudi Aramco Confirms Billion Dollar IPO Will Start On November 3

Saudi Aramco which is responsible for ten percent of the world’s oil supply, has long been planning an initial public offering (IPO) for a number of years. Experts say that this IPO will be the largest in history. Saudi Aramco

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QuickQuid Collapses In The UK After Mass Of Complaints

The payday lending market in the United Kingdom has seen its fair share of controversies in recent times. The latest to rock the market comes from QuickQuid who is set to close operations after many of its customers claimed that

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Woodford Investment Trust Taken Over By Schroders

There is finally some good news for the investors that put money into the Woodford Patient Capital Trust (WPCT). The fund which has been in the news the past few months for all the wrong reasons has now been taken

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CBR Looking At FX Trading Loopholes By Payment Providers

The Bank of Russia continues its crusade against forex trading and is now taking a shot at payment providers. The central bank has identified 140 companies that it says illegally offer forex trading to Russian consumers. This continues the war

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