IG Group Enters Direct Investment Market with £160 Million Freetrade Buyout
IG Group, a prominent global financial trading and investment company, has announced its acquisition of Freetrade, a commission-free investment platform, for £160 million. The deal, funded through IG’s existing capital resources, marks a strategic move to expand its footprint in the United Kingdom.
“Predict and Win” Big Rewards! Join the Contest Now
Dear community friends, as the new year approaches, we have prepared an exciting prediction activity for everyone — Forex Price Trend Prediction! From January 16-23, 2025, showcase your market insights and predict the trends of Forex for the upcoming period!
Cinkciarz.pl Under Fire: Frozen Accounts, Missing Funds
Cinkciarz.pl, one of Central Europe’s largest currency exchange platforms, has made headlines after accusing major Polish banks of conspiring to undermine its operations. The company has threatened legal action amounting to 6.76 billion zlotys ($1.6 billion) in damages. However, the platform is now under intense scrutiny following allegations of fraud and the mismanagement of customer funds.
BSP and JICA Renew Partnership to Expand Credit Risk Database for SMEs in the Philippines
On December 11, 2024, a significant milestone was reached in the Philippines' financial sector as the Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (JICA) officially signed the ‘Records of Discussion’ for the second phase of the Credit Risk Database (CRD) project. The ceremony at the BSP headquarters in Manila marked a pivotal moment in widening access to financing for small and medium enterprises (SMEs) across the country.
Why Copy Trading is Perfect for New Investors
Learn why copy trading is ideal for new investors. Follow expert traders, minimize risks, and start earning confidently—no prior expertise is required.
First Unfair Trading Case Reported Under South Korea’s Virtual Asset User Protection Act
The Financial Services Commission (FSC) of South Korea has disclosed the first case of unfair trading following the enactment of the Virtual Asset User Protection Act. This law, which took effect in July 2024, aims to regulate the cryptocurrency market and protect investors from fraud and market manipulation.
WikiFX Review: Is InterStellar Group Trustworthy?
In today’s article, WikiFX made a comprehensive review of a broker named InterStellar Group. We wonder if InterStellar Group is a scam or a reliable broker.
UK and Australian Pension Funds Allocate to Bitcoin: A Step Towards Diversification Amid Risks
With Bitcoin becoming a global financial hotspot, pension funds in countries like the UK and Australia have begun cautiously allocating this emerging asset to diversify portfolios and potentially achieve higher returns. However, cryptocurrency’s volatility and regulatory uncertainties have raised widespread concerns.
Upbit Faces Severe Penalties for AML and KYC Violations
Upbit, South Korea’s leading cryptocurrency exchange, faces severe penalties for over 700,000 AML and KYC violations.
BSP Pushes for a Cashless Philippines by 2025
The BSP accelerates cashless transactions, aims for a coin-lite society, eliminates small fund transfer fees, and drives financial inclusion by 2025.
Market: The Dominant Force in Oil Prices
Recent fluctuations in oil prices have raised concerns, especially with the sharp rise in gasoline prices.
Yen's Weakness Raises Concerns
Recently, the performance of the yen against the dollar has caused some anxiety in the market, especially as the yen weakens, leading investors to worry about its future performance.
Maya Bank Disburses PHP 68B in Loans, Sets 2024 Record
Maya Bank disburses PHP 68B in loans in 2024, advancing financial inclusion with digital banking innovation, BSP compliance, and secure financial solutions.
Rs. 1 Billion Ponzi Scam: 3K Investors Duped by Engineers
The two mechanical engineers in Mumbai, India, were arrested in a Ponzi scam. The Mumbai Economic Offences caught the culprits from Mumbai, Thane, and Mulund. The accused are identified as Hariprasad Venugopal, 44, and Pranav Raorane, 43.
South Africa's FSCA Warns against CMFX Trading
The Financial Sector Conduct Authority (FSCA) issued a warning against CMFX Trading. The Authority said CMFX Trading is not authorised in terms of any financial sector law to provide financial services to the public in South Africa.
Mitrade Ensures Trader Protection Backed by Lloyd's of London
Mitrade boosts trader confidence with a Lloyd's of London-backed Excess of Loss Insurance Policy, ensuring top-tier protection and transparency in CFD trading.
Binance’s Bold Move: 12 Trading Pairs Are Getting Delisted
Binance, one of the world’s largest cryptocurrency exchanges, will remove 12 spot trading pairs from its platform on January 17, 2025, at 03:00 (UTC).
How a Promised RM1.4 Million Return Turned into a Costly Scam
A 39-year-old online trader from Malaysia has reportedly lost RM252,004 to a fraudulent investment scheme. The scam, which promised a lucrative return of RM1.4 million within two months, has left the victim facing substantial financial loss.
BitMEX Fined $100M in U.S. for Anti-Money-Laundering Violations
BitMEX fined $100M for anti-money laundering and KYC violations. The case highlights the U.S. crackdown on crypto platforms ignoring Bank Secrecy Act rules.
The Malaysian Jackpot Lottery Buying Frenzy: Is It Better to Learn Investment Trading or Buy Lottery
As an investment enthusiast, I’m often asked one question: Is it more worthwhile to study lottery strategies or to focus on stock market investments? This question becomes even more intriguing given the current Jackpot 6/58 prize in Malaysia, which has reached an astounding RM93,356,278.22.