Broker Updates During May 31 - June.6

Vietnam

Business Partnership

1. eToro, one of the leading investment platforms, recently announced that it will become the official partner of a team competing in Racing League 2021.

Unauthorized Websites

2. Consob is the leading Italian financial agency responsible for regulating the domestic market. Recently, this regulator has banned the operation of 5 websites related to financial investment services: AtlasFX, SP Inc, Digital Exchange Limited & Securex Plus Solution EOOD, Think Market 247 Ltd, RL Ltd.

FraudWarning

3. Quebec's Autorité des Marchés Financiers (AMF) has issued a warning about fraudulent practices carried out by forex broker RBCmarkets through its website. According to the announcement, the watchdog said neither www.rbcmarkets.com nor EX 64 is affiliated with RBC Royal Bank and its Canadian subsidiaries.

Indonesia

Business Sponsorship

4. The basketball team Prawira Bandung collaboration with PT Didimax Futures has been inaugurated since 2019 and will be valid until the end of 2021.

Yadi Supriyadi, the main commissioner of Didimax Futures, has said that he wants to target the youth segment, especially in the city of Bandung.

Thailand

Crypto Industry Regulation

5. At the end of March, UK financial watchdog FCA has announced that crypto-involved companies in the UK are now obligated to submit financial crimes-related information in the form of yearly reports.

Some may think that this kind of reporting could be considered a step back from the freedom that the crypto industry promised at the beginning of its inception. However, in actuality, this decision is likely to lead to many good things for the industry in the long term.

USGFX Leader Banned

6. John Carlton Martin, a director and former manager of the now-collapsed Union Standard International Group Pty Ltd (USGFX), has been banned from providing financial services for ten years by the Australian financial markets regulator. Additionally, he is disqualified from managing any corporation for five years.

Per Tuesdays announcement, the Australian Securities and Exchange Commission (ASIC) found that Martin lacked the understanding for compliance of the complex and risky derivatives market.

Japan

Transaction Data

7. Below is the data of monthly trading volume & open positions for Over-The-Counter retail margin FX trading.

Currency Pair：All

Commonwealth of Independent States (CIS)

New AccountType

8. International broker TeleTrade is launching a new account type Invest MT5 from June 1st, which will allow clients to enter into transactions to buy or sell stocks and ETFs without leverage.

The new TeleTrade investment account will act as an alternative to traditional trading accounts on the MT4 platform.

Prestigious Awards

9. AMarkets has replenished its collection of prestigious awards, having received two awards at once within the framework of the International Business Magazine Awards: Best Copy-Trading Platform Nigeria and Best Affiliate Program Nigeria 2021. AMarkets received these awards in recognition of the affiliate program and copy-trading of the RAMM platform as the best in Nigeria.