Broker Updates on Jan 25-31

Vietnam

Financial Warning

1. The International Criminal Police Organization commonly known as INTERPOL issued a stark warning that more and more often financial scammers are hunting for new victims among the unaware users of dating apps.In a high priority “Purple Note” issued to all 194 member states, the Organization warns that “the threat involves taking advantage of peoples vulnerabilities as they look for potential matches, and luring them into a sophisticated fraud scheme.”

Crypto KYC Regulation

2. Newly sworn in President of the United States Joe Biden freezes crypto KYC regulation proposed by the Trump administration last December. The reasons the President gave for this course of action were that his appointees would need time to get familiar with the proposed rules prior to their approval.

FCA Warning

3. FCA flags Black Diamond amid crackdown on fake asset managers. The City watchdog warned that such services are increasingly being used as a vehicle for financial scams.

Indonesia

Restored Service

4. IG Group restores service after short outage. Clients of IG Group reported problems using its trading terminals, which prevented some of them from trading as the US markets were opening. Several users complained about problems logging into or using the brokers platforms on Wednesday, and complaints about reaching to help phone lines also began to climb afternoon.

Thailand

Service Problems

5. Users of TD Ameritrade, Robinhood, Vanguard and other US brokerage firms were reporting problems Monday morning. While online brokers routinely experience brief outages, it had not been common for several of them to happen simultaneously.

Vanguard tweeted that it had resolved the issue around midday on Monday. The firm said earlier that some clients were experiencing difficulty accessing their accounts on their site. They stated it was investigating and working to resolve the issue as soon as possible.

eToro 2020 Revenue

6. The eToro revealed that it ended 2020 with a gross revenue of $600 million. Also. trading volume hit the roof at over $1.5 trillion, which was 400 percent higher than 2019. eToro has gained a lot of traction in the past few years. Having established itself as a social trading platform, where novice traders can copy the trading strategies of experts, it has expanded its services in many areas now.

Japan

Transaction Data

7. Below is Over-The-Counter retail FX margin trading data【December 2020】

Number of Over-The-Counter Retail FX Margin Trading Operators : 52 (December 31, 2020)

Volume: 541846.5 billion JPY

Open Positions(as of the end of the month) : 7468.2 billion JPY

Short: 2937.1 billion JPY

Long: 4531.1 billion JPY

Commonwealth of Independent States (CIS)

Financial AppUpdate

8. The international financial brand Alpari has announced a global update of the popular mobile application Alpari Mobile! A fundamentally new version of the product for Android and IOS operating systems are available on online stores from January 25, 2021. With the help of the updated application, any trader, regardless of experience level, can get full access to the financial market absolutely free of charge.

Bank Transfer

9. In connection with the Army Day in Armenia on January 28, 2021, the operating mode of Ameriabank was changed. Bank transfers wasnt available on that day.

01/29/2021 Ameriabank resumed its work as usual.