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Broker News | CySEC Withdraws CIF License of MPS Marketplace (Previously SpotOption)

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Broker News | CySEC Withdraws CIF License of MPS Marketplace (Previously SpotOption)

#Industry
01 Stay Away! 15 FX Scam Brokers Shut Down Domains after Our Exposure

1. Super Trade Fx  Website: https://supertradesfx.com/
2. HK Fortune  Website: https://www.xgfhjtvip.com/en/
...

02 Benzinga releases the list of best forex brokers in Malaysia
No.10 Exness

-Fastest execution of orders
-Minimum spreads on instruments and currency pairs

03 CySEC Withdraws CIF License of MPS Marketplace (Previously SpotOption)
The withdrawal came as the company voluntarily renounced its license.

Earlier, the regulator suspended its license for a year.

04 The operator of Triangle Markets and 3 Angle FX Settles with CySEC, Pays €50K
The brokerage operator possibly violated rules around client fund protection.

CySEC recently warned CFD brokers to improve practices.

 

#Broker

01 FCA-Regulated Broker Blackwell Global (UK) Posts 50% Revenue Drop in FY22
The broker generated £454,308 as revenue in the financial year.

Its losses sank to £1.19 million.

02 Hirose UK Remains Profitable despite 50% FY22 Revenue Drop
However, the profits for the year dropped by over 87 per cent.

It is now focusing on onboarding professional clients.

03 Dukascopy’s H1 2022 Profit Jumps 195% YoY, Brings in CHF 3.8M
Most of the profit was booked in the first four months of H1 2022.

The Revenue of the broker also increased significantly from the previous quarters.

04 CMC Markets Expects FY23 Operating Costs to Jump 5% from Guidance
The broker cited higher personnel and non-personnel costs behind this estimate.

Its operating income remains in line.

Proofreading: Jelly

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