TMGM, a Sydney-headquartered forex and contracts for differences (CFDs) broker, announced on Thursday that it has received a new regulator license from New Zealand’s Financial Markets Authority (FMA). In the press release shared with Finance Magnates, the broker detailed that its new license has been added as a part of […]

The Ultimate Fintech Awards 2021 embodied the competitive spirit of the trading sector. Brokers have battled it out for their coveted titles and to win their place on The Ultimate Fintech Leaders List. Awards in the finance sector are significant because they help to: Instil Trust in Traders Recognise special […]

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the […]

Equiti, a leading multi-asset financial services provider, announced today that the company has introduced the industry-first fully integrated prepaid Mastercard for seamless payments. According to an official press release shared with Finance Magnates, Equiti has launched a prepaid card mobile app linked to the trading accounts of the company’s traders in […]

Deutsche Bank published a report Monday noting that the United States is facing “the very real specter of consumer-driven inflation.” The bank’s chief economist David Folkerts-Landau and others notably highlight the Federal Reserve’s monetary easing policy and recent tolerance toward higher inflation. Deutsche Report: ‘Transitory Inflation Could Feed Into ’70s […]

Key Takeaways The Bank of England has suggested implementing banking rules for stablecoins in an official document published Monday.  The paper details the bank’s view on stablecoins and other digital currencies.  It raised concerns around the bank losing control over savings deposits and traditional payment channels.  England’s central bank has […]

The US Securities and Exchange Commission (SEC) has published its plan to distribute $65 million in civil penalty collected from the brokerage firm, Robinhood for non-disclosure of the practice of ‘payment for order flow’. Per last week’s proposal, the financial market regulator has proposed a six-point evaluation process to distribute […]

Consob, the Italian government’s top authority responsible for regulating the domestic securities market, has issued an order to block five websites that allegedly offer Italians illicit financial services. According to the watchdog, the ruling enacted under the “Growth Decree” asks internet service providers to blacklist Preqster Ltd (www.pips500.com and my.pips500.com), […]