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UK’s Financial Conduct Authority (FCA) reported that local investors lost over £27 million to scams involving crypto and forex investments last financial year. The FCA and Action Fraud are warning the public to be wary of such investment frauds which are often promoted as ‘get rich quick’ platforms in social media.
Furthermore, the authorities’ reports show that the average scam victim lost approximately £14,600, and that scams reports more than tripled last year to over 1,800.
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Higher income customers will be able to trade major currency pairs with leverage as high as 1:50, while less affluent traders will be allowed leverage of just 1:20. Those are some of the new proposals of the Cyprus Securities Exchange Commission (CySEC), due to take effect on July 30th 2019.
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The question is, do you believe the free markets, or do you believe a committee?
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Denmark announced that it will also ban the sale of binary options to retail customers, pointing out that such instruments are too complex and risky for inexperienced traders.
The step follows similar moves by other European countries like the UK and Austria.
According to the Danish Financial Supervisory Authority (FSA) many retail investors in Europe lose money with binary options, which currently are offered online mainly by offshore companies, without a license.
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The World Trade Centers Association released a survey showing its to executives expect trade tensions to worsen.
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The Central Bank of Ireland (CBI), which also serves as a financial services regulator, announced its plans to make ESMA’s product intervention measures permanent. These measures are aimed at guaranteeing greater investor protection for retail investors, and include a ban on binary options and a set of restrictions for CFD trades, the most important of which is a cap on leverage of up to 1:30.
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Attachment 36063
In concert with 10 Russian-led non-OPEC producers, the cartel's latest meeting provided triumphalism, poems, charters, open acrimony and production cuts already priced in, but little for oil market bulls to feel reassured.
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The S&P is likely to slip early in the week and rally later in the week. Here are three stock selections for the short-term.
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Prime Factor Capital Ltd., a London-based hedge fund manager is the first financial company focused on the crypto market to be granted a license by the British Financial Conduct Authority (FCA).
The company announced in a statement earlier this week, that it was given approval and will be regulated as a full scope alternative investment fund manager under the FCA and the broader EU guidelines.
According to a company statement that will give them permission to manage over 100 million euros (113 million USD) in crypto assets, as well as to attract institutional investors.
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Attachment 36143
If Google, Apple, Facebook or Amazon sells-off because of the new French digital tax, get ready to buy.
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