Brokers News 

CONSOB Warns against New Set of Unregulated Brokers

“Unlike the usual unregulated brokers, whose websites resemble Windows 95 clip-art, the firms CONSOB warned users against today are operating fairly slick websites” reports financemagnates.com. With unregulated brokers seemingly upping their game, it’s vital that regulators stay on top of them and warn investors against trading with them. Source: financemagnates.com Share This:

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Brokers News 

Why Retail Brokers are Pivoting to Institutional Clients

“There is no system designed for this purpose and none which can better cater to institutional and retail clients” reports financemagnates.com. Consequentially, retail firms need to move their client base upstream.Condor Back Office allows firms to adapt to today’s challenges by letting a retail broker use their existing MT4 License to target and manage institutional client’s effectively. Source: financemagnates.com Share This:

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Brokers News 

Russian Forex brokers may benefit from simplified procedure for client identification

“Russian Forex brokers (also known as Forex dealers, as per their official designation) may be able to make use of a simplified procedure for client identification” reports financefeeds.com. The authors of the document explain that, as of May 15, 2018, the number of clients of the licensed Forex brokers in Russia is 3,539.One of the reasons for that is that the current Russian laws lack a provision permitting simpler client identification at Forex dealers, the authors of the bill state. Source: financefeeds.com Share This:

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Brokers News 

UK Watchdog Updates Blacklist of Unauthorized Binary Options Brokers

“The FCA is not the only government agency to move against binary options” reports financemagnates.com. The regulator maintains a blacklist of binary option brokers based upon information received from consumers, partner agencies and from monitoring the online market.In what UK police have described as the biggest operation of its kind, officers swooped on the offices of 20 binary options brokers to review their compliance documents and gather intelligence on different types of investment fraud.In line with practices across most of the EU, the FCA has brought certain types of binary options within…

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Brokers News 

Adapt or Die: What Can Brokers Do to Keep Pace in a Rapidly Evolving Industry?

“This stance has to change, and brokers need to adapt or die to growing constraints” reports financemagnates.com. In order for the retail trading industry to survive these changes, let alone prosper, there needs to be a serious shift in strategy.These all loom as key challenges that brokers need to adapt to.TOOMEET is a cloud-based trading platform suitable for CFD brokers, enabling existing and future brokers to rapidly set up a dynamic trading ecosystem. Source: financemagnates.com Share This:

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Brokers News 

Google and its advertising post GDPR. Brokers beware that controls will launch on Monday, May 7 for DFP

“We encourage you to use these controls to choose your preferred list of ad technology providers” reports financefeeds.com. I guess the decision is to protect the EU retail markets, but, what will small traders who prefer leverage 1:500 do?. The full list of ad technology providers featured in those controls is available in the Help Center for DFP/AdX, AdSense, and AdMob.The commonly used list comprises the ad technology providers associated with the most revenue to publishers from EEA users from all programmatic demand sources. Source: financefeeds.com Share This:

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Brokers News Stocks 

BUFFETT: Here’s why real estate agents warrant their high fees, but stock pickers don’t

“According to Buffett, brokers’ fees are not “crazy” compared to the value they add by helping change peoples’ lives through homeownership” writes Finanzen Net Gmbh for businessinsider.com. In fact, the questioner said, brokerage fees were “more detrimental” for an investor than a stock picker who underperformed.Berkshire Hathaway CEO Warren Buffett once again slammed the fees charged by stock pickers who tout their potential to outperform the broader market.At the end of 2017, he handily won a decade-long bet he had entered with five funds of funds.This time, at the company’s…

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Brokers News 

Exclusive: Dozens of Cypriot Brokers Looking to Sell Their License

“Some brokers, like true-STP provider JFD Brokers went as far as executing large M&A deals, yet others are apparently looking to exit the market” reports financemagnates.com. As European authorities are preparing to post the final rules with which all regulated retail brokers will need to comply with, some companies are already looking for an exit. Source: financemagnates.com Share This:

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Brokers News 

Exclusive: Mastercard Singles Out Unregulated Forex, CFDs, Binary Brokers and ICOs

“The company has sent out an email to payment processors informing them about big upcoming changes” reports financemagnates.com. In what seems like a well-coordinated effort, the latest loophole for unregulated forex and CFDs brokers has been closed by Mastercard.The company has singled out binary options, CFDs, forex cryptocurrency options and ICOs as businesses which are deemed as “high risk”. Source: financemagnates.com Share This:

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