Broker Updates on Sept. 21-27

Vietnam

Lower Revenue

1. ESMA restrictions drag down ICM Capitals 2019 revenue. The year-on-year revenue of the brokerage went down by 64 percent.

Additional Conditions Imposed

2. FMA imposes additional conditions on CLSA Premium‘s NZ licence. CLSAP NZ can’t make an offer to or receive further funds from retail investors in relation to derivatives.

EpidemicRelief Extended

3. ASIC extends COVID-19 relief for capital raising & financial advice. ASIC will continue to monitor the appropriateness of the temporary relief measures.

Scam Settlement

4. SEC settles with $10 million boiler room scam perpetrators. The regulator settled with 5 out of 13 people involved in the scam.

Indonesia

Broker Examination

5. Bappebti holds professional examination for future broker representative candidates to increase their competence.

Shares Choice

6. Corona cases continue to increase, and these are brokers' choice of shares:

-MNC Sekuritas

-Samuel Sekuritas Indonesia

-Artha S+ekuritas

-Pilarmas Investindo Sekuritas .

Industry Partnership

7. TraderEvolution partners with Singapore broker-UOBKayHian. The trading software provider continues to expand its reach through industry partnerships.

Thailand

SharesBuyback

8. Plus500 repurchased 32,994 of its own ordinary shares, each through Credit Suisse Securities (Europe) Limited, on 18th September2020.

LicenceCancellation

9. (ASIC) announced that it has canceled the Australian Financial Services (AFS) licence of Union Standard International Group Pty Ltd, which operates under the brand of USGFX.

Data Breach

10. Saxo Japan confirms personal data of 750 clients leaked was hit by cybercriminals two months ago with the personal data of a ‘limited number’ of customers compromised. Saxo Japan first discovered it was the subject of a customer data breach on July 16 after hackers targeted a client relationship management system (CRM) that the company outsourced from a third-party vendor.

Commonwealth of Independent States (CIS)

Financial Fraud

11. Cases of financial fraud have become more frequent in Kazakhstan. The police of the city of Nur-Sultan shared information about the activities of fraudsters in the financial sector. In 2020, 150 complaints have already been received. Usually, fraudsters use the names of well-known brands of the forex market-Teletrade, Advacash, and others.

New Account Type

12. FXTM broker offers a new type of account, FXTM Stocks, and it is available in the MT5 trading terminal. Clients will be able to trade securities on the NYSE and NASDAQ exchanges at no additional cost.

Transparent Trading Terms

13. Grand Capital made the terms of trading on the Swap Free account transparent. The broker removed all payments that were not obvious to the client for using the service. Now the commission will be charged only once a week for using the leverage provided by the broker. The commission is calculated for the Swap Free account group of instruments per volume according to the contract specifications.