Broker Updates on August 24-30

Vietnam

Shares Buyback

Plus500 spends over $1M in two sessions to buyback own shares. The buyback current program will continue until February 28, 2021.

CFTC Penalty

OANDA gets a $500,000 CFTC penalty over minimum capital lapses. The charges were that OANDA failed to meet the minimum financial requirements for RFEDs and FCMs.Solid H1Dukascopy posts solid H1 results; Q2 pales in comparison to Q1 growth. Dukascopy operating revenues came in at $28.0 million (CHF 25.4 million), up from $14.23 million (CHF 14.6 million) a year.

COVID-19 Benefits

Saxo Bank Group benefits from COVID-19, reports record H1 2020. New clients and client assets were at record highs for the company.

Indonesia

Brokerages Blacklisted

CySEC blacklists 8 more brokerage domains.The regulator is actively busting illegal financial service providers.

Forex Cleanup

CFTC slams 20 forex brands with regulatory warnings. The CFTC has been active recently in its cleanup of the forex space with charges being brought against a dozen.

Thailand

ConditionsUpdated

Anzo Capital updated some of its trading account conditions, like allowed scalping, hedging, interest rate on open positions, and the number of trading instruments available to customers.

Funding Option

CMS Trader added Przelewy24 as a funding option.

Website Delisted

CapitalXP has been delisted as its website that is no longer operating and is probably scam.

Russian Countries

Scammer Arrested

Russian law enforcement officers have detained one of the organizers of the criminal community operating under the guise of STForex, Alexey Serkov, who was on the international wanted list. It is known that since 2014 year the beginning of work in the Russian Federation , criminals have lured about 1 billion rubles from gullible clients.

MarketRestriction

The Russian state is diligently restricting access to financial markets for ordinary people, in this regard, it introduces a law on the division of investors into qualified and unqualified. Qualified investors will include commercial firms, whose turnover in the previous 12 months amounted to at least 30 billion rubles, and the value of assets was at least 700 million rubles.

AvailableCFDs

IFC Markets announced that starting August 24, 2020, three CFDs on shares of companies traded on the TSE Tokyo Stock Exchange will become available: # T-6460 (SEGA SAMMY HOLDINGS INC.), # T-9020 (East Japan Railway Company), #T -9983 (Fast Retailing Co., Ltd.).