Brokers News 

Fraudsters Target FXOpen Customers With Fake Email Addresses

“This Friday, FXOpen, a retail and institutional FX broker, announced that scam artists have been trying to trick customers using fake emails” reports financemagnates.com. It appears that fraudsters have been setting up fake email accounts and sending messages to the broker’s clients demanding that they pay commission and service fees.In its warning, FXOpen noted that it does not charge the fees that the fraudsters are asking for. Given the slack brokers often receive for not respecting their customers, such a warning should be praised. “Kudos to FXOpen” says this author. Source:…

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Brokers Crypto News 

FBI implicates several FX brokerages in BTC-e investigation. Here is why cryptocurrency is a sure fire way to destroy your brokerage

“This week, the Federal Bureau of Investigation (FBI) in the United States has implicated two FX brokerages in its investigation of defunct Bitcoin venue BTC-e” reports financefeeds.com. We are aware of several other brokers, largely in Russia and Cyprus, that have experienced significant losses recently from Bitcoin trading.Last week, FinanceFeeds reported that one particular well known retail FX brokerage had suffered a loss of approximately $40 million as a result of Bitcoin trading, and now cannot pay its affiliates. Source: financefeeds.com Share This:

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Crypto News 

Trend Set To Continue, FXOpen Adds PAMM Service for Cryptocurrency Traders

“Retail forex broker FXOpen is again showing its commitment to cryptocurrency community by launching a new service to add PAMM accounts to its offering, a move that effectively allows digital currency traders to become money managers for other users” reports financemagnates.com. Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors The PAMM technology, or Percent Allocation Management Module, has been widely used by traders in the forex and similar markets, though it was relatively rare to find managed accounts services available…

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