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Saint Vincent

Important notice from SVG

This serves as a formal notice to all Registered Agents and Trustees of the new requirements in place for St. Vincent and the Grenadines (SVG)-registered BCs and LLCs currently engaged in and seeking to engage in FOREX business activity. 

Owing to the sharp increase in the frequency and number of complaints and allegations of fraud against SVG-registered BCs and LLC’s which are engaged in FOREX trading or brokerage and the potential detrimental effects on the reputation of St. Vincent and the Grenadines as an International Financial Centre, the Financial Services Authority (FSA) has adopted the following policy decision with immediate effect: 

Companies wishing to engage in FOREX business must provide a certified copy of requisite licences/approval from the jurisdiction(s)/authorities where their business activities will be conducted upon the submission of an application to be incorporated or formed in SVG. An application will be rejected if no such evidence is provided
Source: SVG

Ardu prime

More opportunities for traders with Ardu Prime

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Financial market leader Ardu Prime recently launched its brand new website as it steps up its expansion plans.

Sotiris Promponas, Ardu Prime CEO, commented: “The world is changing, and we need to change along with it if we want to grow. Our new crypto trading and exchange services are designed to meet the demands of both tech-savvy traders and crypto enthusiasts worldwide, allowing diversification across some of the best-performing cryptocurrencies by market capitalization, access to deep liquidity and more.”

forex technology

Infinox Launches IX Exchange Platform

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LONDON, Oct. 4, 2022 /PRNewswire/ — UK investors can now buy and sell more than 20,000 global assets, all from one trading account – following the launch of IX Exchange, the new platform developed by the online trading provider INFINOX.

The secure, desktop, mobile, and web platforms were designed by traders, for traders. 

It is fast and intuitive, with a clean, concise interface that allows users to instantly trade a huge array of exchange-traded investments, from equities and bonds to options and funds.

Wait Regulatory

Nasdaq to wait for regulation

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(Bloomberg) — Nasdaq Inc. will likely wait until there is greater regulatory clarity and institutional adoption around crypto exchanges before debuting plans to launch one of of its own, says Tal Cohen, the company’s executive vice president and head of North American markets.

ctrader

SPOTWARE SYSTEMS UNVEILS VERSION 4.4

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cTrader Desktop 4.4 ameliorates the traders’ experience through one of the biggest selections of technical improvements within several years, according to a corporate statement.

The new Web 4.4 version comes with features, such as easy deposits and withdrawals into demo accounts, and faster loading speeds designed “to level up users’ trading experience.”

Weltrade

WELTRADE Terminal Demo Contest

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Terminal Demo Contest with the prize fund of 25K USD for the WelTrade live traders. The contest is held weekly through the 15 stages in 5 weeks including on the weekends. Participation carries no risk to your capital as the competition runs through virtual money. Show your learning and bring all your trading skill to win a prize for you out of 2022 winners in total.

 

mt4 & 5 reemoved from appstore

Apple removed MT4 and MT5 trading apps

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From Saturday, September 24, 2022, MetaTrader 4 & 5 are no longer available for download on the App Store.

Some believe Apple is helping to crack down on the increasing number of scams being carried out via the MetaTrader apps. Others are asking whether MetaQuotes Russian origins and US sanctions have a role to play, though MetaQuotes has denied such claims.

octafx

OCTAFX WINS BEST MOBILE TRADING PLATFORM

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The global broker OctaFX received the ‘Best Mobile Trading Platform’ award from the international Forex news portal fxdailyinfo.com. The winners in 27 nominations of the Forex Brokers Award 2022 were determined by public voting, which makes the award particularly relevant, as it reflects the views of the global trading community.

OctaFX’s press office had this to say: ‘When hard work pays off—it’s a feeling of relief as well as tremendous accomplishment. Despite difficulties and challenges, we were able to continue providing one of the best services for our clients—helping them achieve their financial goals. Our labour was not in vain; even more, it was appreciated by a very fine magazine that we have cherished and respected since its inception’.

regulator annonced

Vanuatu Independent Financial Regulatory Authority

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Vanuatu Financial Services Commission announced that the VFSC does NOT recognize nor approve the Vanuatu Independent Financial Regulatory Authority. The information from http://www.vifra.org is just as misleading and does not have the approval of the VFSC. The VFSC hereby wishes to inform everyone to cease referring to or using the above mentioned website and warrants that it is not liable to any suits or claims arising from the actions of the Vanuatu Independent Financial Authority.

Source: Vanuatu Financial Services Commission

svg Forex Binary

SVG, where the FX business is not regulated

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The Financial Services Authority (FSA) wishes to advise the General Public to proceed with caution when approaching or being approached by any person or representative of a business entity who may be offering forex trading and/or brokerage or binary options. Before entering into any business arrangement or contract with such person or business entity, you are advised to verify that the service being offered has been properly approved and licensed by the relevant licensing authority.  

Please be advised that forex trading brokerage activities are not licensed in St. Vincent and the Grenadines. While registered St. Vincent and the Grenadines Business Companies (BCs) or Limited Liability Companies (LLCs) are able to engage in any legal activity, if they engage in forex trading and brokerage, they are doing so without a licence from this jurisdiction. 

Source : SVG

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