Broker Updates During Oct. 12-18

Vietnam

New Launching

1. Juno Markets launches copy-trading services on mobile. The mobile application was launched for both iOS and Android devices.

Consob Blacklist

2. Italys Consob orders blackout of five forex, crypto websites: Digital Exchange Limited and Securex Plus Solutions EOOD (website www.dgxlimited.com); GrahamFE FinServices LTD and Elit Property Vision LTD (website www.grahamfe.com); Brokermasters Ltd (website www.brokermasters.net); Raw Trading Ltd (website www.icmarkets.com); Fintech Software Inc, Oproserv Limited, Leadernet OU (website www.fx-leader.com).The number of sites blacked out by Consob has risen to 300.

New License

3. MultiBank Group gains DFSA license, opens office in Dubai. The brokerage now has seven regulatory licenses.

Indonesia

Risk Alert

4. Bappebti Indonesia explains Fatf's official statement, beware of the risk of financial crime during a pandemic.

Electronic Engine

5. FlexTrade Systems, a multi-asset execution and order management solution provider, announced on Tuesday that its client KGI Securities is going to launch the KGI MaxxTraders electronic foreign exchange (FX) pricing and trading engine in Singapore.

Thailand

Unlicensed Companies

6. Malaysia‘s watchdog adds alpari, bitforex to caution list - Malaysia’s financial regulator said the brands of Alpari International and Alpari Trading Malaysia are not authorised to operate in the country. The Securities Commission (SC) has, therefore, put the global FX broker on the list of unlicensed companies.

Accounts Compromised

7. Robinhood users vent frustration after some accounts were hacked - Popular investing app Robinhood, which was just valued at $11.7 billion, is urging customers to be wary after it discovered that some accounts were hacked. However, the company said the issue did not occur from a data breach or cyberattack incident on their side as customers email accounts were compromised outside of its platform.

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Commonwealth of Independent States (CIS)

Roboforex Awarded

8. RoboForex won the “Most Transparent Asian Forex Broker” award at the Global Forex Awards 2020 - Retail. The announcement of the voting results took place on June 24, 2020 in London.

FINAM Ranks First

9. In the September rating of the leading trading operators on the Moscow Exchange, FINAM again confidently took first place in the futures and options market in terms of the number of active clients. Their number exceeded 24 thousand people, which is 12% more than in August and 30% more than in September 2019.

Special Favorable Conditions

10. Broker NPBFX provides special favorable conditions for traders wishing to change broker. Traders can transfer any open orders and balance of a trading account from other companies to NPBFX, at the same time they will receive an additional 30% bonus to the amount of funds on the trading account.

Online Trade Opportunity

11. Broker Global Alliance provided traders the opportunity to trade online - without downloading and installing the terminal. Trading through the Global Alliance web terminal, traders will have access to 5 financial markets at once from one trading account.