Exclusive: OctaFX Calls Allegations by India ‘Unsubstantiated’ as Authorities Seize $9.6M
Amid actions by the Indian authorities, OctaFX shared an exclusive statement with Finance Magnates, calling the “reproof… [of] allegations of ‘false promises of high returns’ unsubstantiated,” adding that “OctaFX doesn’t…
Exclusive: OctaFX Calls Allegations by India “Unsubstantiated” as Authorities Seize $9.6M
Amid actions by the Indian authorities, OctaFX has shared an exclusive statement with Finance Magnates, calling the “reproof… [of] allegations of ‘false promises of high returns’ unsubstantiated,” adding that “OctaFX…
Day Trading Firm Slapped with Six-Figure Fine for Lax Controls
SpeedTrader Inc., an online brokerage firm, has agreed to pay a $165,000 fine and accept a censure from the Financial Industry Regulatory Authority (FINRA) for failing to properly supervise potentially…
Dynamic Works Gains €1.5M in Cyprus Government Funding to Enhance Its Flagship Product
Dynamic Works, a technology provider to financial services companies, has secured €1.5 million in funding from the Cyprus Research and Innovation Foundation (RIF) DISRUPT Programme, the company announced. According to…
Tools for Brokers Enhances Offerings for Prop Trading Firms: Brings cTrader Package
Tools for Brokers, a prominent technology provider in the brokerage industry, has enhanced its offerings to prop trading firms by introducing a cTrader package tailored specifically for this growing sector.…
India’s Cybersecurity Crisis: Ransomware Takes 300 Small Banks Offline
India’s small banks have been hit by a ransomware attack, forcing nearly 300 such small institutions offline, Reuters reported. The attack involves C-Edge Technologies, a key provider of banking technology.…
Singapore’s M-DAQ Global Acquires Easy Pay Transfers to Boost Cross-Border Payments
Singapore’s fintech firm M-DAQ Global has acquired Easy Pay Transfers, a Malaysia-based B2B payments service provider. This step targets the company’s expansion in the ASEAN region. The acquisition focuses on…
Exclusive: Prop Trading Giant FTMO’s 2023 Turnover Hits $213 Million
FTMO, a prominent prop trading brand planning to launch a brokerage, generated a turnover of almost CZK 5 billion (over $213 million) in 2023, Finance Magnates learned exclusively. The figure…
FCA Imposes Restrictions on London Stone Securities over Excessive Fees
The Financial Conduct Authority (FCA) announced today (Wednesday) that it has imposed strict restrictions on wealth management firm London Stone Securities Limited. The company can no longer undertake any regulated…
eToro Launches Staking for Solana and Ethereum: Intro Days and Eligibility
Trading and investing platform eToro announced today (Wednesday) the launch of staking services for Solana (SOL) and Ethereum (ETH). This addition allows users to earn rewards by participating in staking…
