Check out the latest breaking news from the dynamic world of forex trading. Maintain your edge with up-to-the-minute coverage of the latest regulatory changes, industry conferences, broker developments and more.
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The Cyprus Securities and Exchange Commission (CySEC) has begun investigating several Forex Trading Companies regarding rampant accusations of illegal trading procedures. Rumors abound about brokers conducting various types of ponzi schemes and others who have been cheating clients of billions of dollars. To outsiders, it seems that CySEC may be lowballing the fines it imposes on these brokers and taking their sweet time to conclude their investigations, making it that much more worthwhile for them to continue their schemes until their illegalities are uncovered.
The head of the world's nearly 1.2 billion Catholics, Pope Benedict XVI, said that he would be leaving his position at the end of the month, citing failing health and an inability to perform his duties as the reasons for his resignation. Catholics worldwide were shocked; financial markets, not so much.
Binary option trading has become one of the most popular investment techniques in the market today. It offers many features that appeal to the novice as well as experienced trader, and it is a simple system easily understood and put into play.
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The latest Forex broker to join the growing mass of brokers that are rebranding themselves or attempting to revamp their appearance is industry leader Markets.com, whose name has stayed the same, but whose website has just undergone an extreme makeover. In addition to a new look, the brand has also introduced significant changes to its technical offerings.
Banc De Binary, a leading binary options platform, has recently opened an office in Limassol, Cyprus, which will serve as the company's headquarters for business conducted in Europe and the Middle East. The opening of this office constitutes a multi million euro investment in the island which is also the home to many other Forex brokers and binary options brokers such as FXCC, OptionYard and Trade Rush.
Tim Musomba is a trader, Live Room moderator and this year launched his managed accounts career. He has spent several years building his own unique self-developed method for trading the markets.
The Alpari group has just announced that it will be closing down its Cyprus office and moving its clients to FSA UK office. According to Daniel Skowronski, Chief Executive Office of Alpari, the decision was purely a strategic one. "?We will continue to provide the best trading experience for clients," he said. "?Our clients will be able to continue trading on their familiar platform across the same product sets with similar terms and conditions."
TradeSmarter Holdings was one of the first companies to offer a binary options system to retail traders, and it has enjoyed industry recognition since its launch in 2009. In recent months, however, TradeSmarter has re-evaluated its approach and is now offering its services in two different and distinct areas. TradeSmarter itself will remain focused on B2B activities such as providing its superior trading platform to white label binary options providers, while the company's own trading services will now be offered through an offshoot named 24bulls. The DailyForex.com team has completed a full review of 24bulls' offerings, which can be viewed here. However, it is worth noting some differences between this new binary options provider and its predecessor.