Broker Updates on Feb.15 - Feb.21

Vietnam

Profit Report

1. Poland-based CFD and forex broker XTB has just released its Q4 earnings report as well as its 2020 review. In general, XTB last year had outstanding results. Specifically, in Q4 2020, XTB disclosed revenue of 37.5 million USD (140 million PLN), this figure in 2019 was 23.4 (89.57 million PLN) million USD (increases 55%) .

Updated Portal

2. FXCM Group has just announced the latest update to its free online trading portal - FXCM Plus. The update has many new functions to help users get more information about their market and their location. The main improvements made on Trading Analytics 4 include changes in: account statistics, daily profit percentage, updated analytics text.

Renamed Fanpage

3. LiteForex Vietnam fanpage has just changed its name to LiteFinance Vietnam on 02/02/2021. The purpose of this redemption is known to bring the best customer experience to customers in Vietnam and Southeast Asia, not only in the Forex field but also in finance in general.

Thailand

Regulatory Announcements

4. Thai Securities and Exchange Commission issued a number of announcements that would potentially have a regulatory impact on digital asset portfolios managers. Effective from February 24, crypto fund managers and investment advisers are required to apply for a licence to continue their businesses.

The regulator defines ‘digital asset investment advisers’ as those who give advice pertaining to “cryptocurrency or digital token trading to customers and receive remuneration for their services.” As such, the new regulations govern portfolio managers and distributors of virtual asset funds.

FCA Warning

5. The UKs Financial Conduct Authority(FCA) said in a brief statement Monday that local investors should use extreme caution when dealing with unauthorized firms known to have been soliciting customers in the UK jurisdiction.The regulator specifically pointed out that one of the brokers highlighted in the latest flurry, Dalsari, is offering FX and cryptocurrency-related services to British residents without being authorised to do so.

Indonesia

Crypto Transaction Regulation

6. Starting in 2021, the Futures Trading Regulatory Agency Commodity (Bappebti) of the Ministry of Trade blocked 68 domains of entity futures trading entities that do not have a license from Bappebti. This blocking is in collaboration with the Ministry of Communication and Information Technology and companies where domain name registrations are in Indonesia. In 2020, Bappebti has run out of 1911 domain sites. In 2021, Bappebti will increase supervision and supervision of activities in the trade sector that do not have licenses.

Japan

Transaction Data

7. Monthly Retail Over-The-Counter Binary Options Report(Up-to-Date: February,15,2021)

These tables are the monthly retail OTC Currency Binary Option transactions summaries reported by FFAJ(Financial Futures Association of Japan) members.

A “Currency Binary Option” refers to a binary option whose underlying asset is a currency exchange rate or a currency index.

Retail Binary Options are binary options governed and under the supervision of FFAJ's “Over-The-Counter Binary Options with individuals business conduct rules”.

OTC Retail Binary Options figures do not include binary option transactions traded by corporates and/or other institutional investors.

Commonwealth of Independent States (CIS)

Returning Funds

8. In view of the unstable political and economic situation in Belarus, the licensed dealer Forex Club considered it necessary to assure clients that the funds in their accounts are completely safe and can be returned regardless of external negative events.

Trading on XETRA

9. FINAM has provided investors with access to trading on XETRA, one of the largest European stock exchanges based in Germany. Now the broker's clients can make transactions with the securities of the largest German companies denominated in euros on favorable terms.