Fullerton Markets hires FXPrimus alum Rahul Sodhy as CEO
Rahul Sodhy was Vice President of the offshore arm of Cyprus based FXPrimus from 2009 to 2016.
offshore fx brokers
Offshore FX brokers are websites which offer retail clients trading in forex pairs, CFDs and often cryptocurrencies, while located in one of many “offshore” locations. These include brokers which are licensed by small island and nation-states with the more popular ones being Belize, Seychelles, Mauritius, Saint Vincent and the Grenadines, the British Virgin Islands (BVI), and the Bahamas. Other offshore FX brokers are fully unlicensed, and operate with no regulatory oversight of any kind.
Offshore brokers typically can offer more risky terms to clients than can properly licensed, onshore brokers (such as those located in Europe, Australia, or North America), such as high leverage and volume-related deposit bonuses. However when things go wrong, clients of these offshore brokers typically have no recourse, and no real regulator to turn to,
MT5 NDFs broker Sheer Markets goes offshore with Labuan LFSA license
Sheer Markets is one of the first financial institutions to launch live streaming of NDFs for retail traders through the MT5 trading platform.
Nigel Holmes named Equiti Capital CEO as Brian Myers heads Seychelles/Africa
Some internal management changes are afoot at global Retail and Institutional multi-asset broker Equiti Group
Fxview adds offshore presence in St Vincent & The Grenadines
The offshore Fxview arm will be managed by Rahul Bansal, AVP Business Management at Fxview who will act as Director of Charlgate SVG LLC.
SGT Markets implements Centroid’s bridging and aggregation solution
SGT is also employing the Centroid24 risk management suite to assist in managing the risks associated with running a multi-asset broker.
easyMarkets adds BVI License
easyMarkets recently signed a deal to become the Official Online Trading Partner of popular Spanish football club Real Madrid.
CySEC withdraws CIF license of 24option parent Rodeler Ltd
The FCA banned 24option from the UK last year, in a first-of-its-kind move against EU passporting brokers.
Offshore FX broker HonorFX launches MT5 platform
The HonorFX group includes subsidiaries in Mauritius, Malaysia, and St. Vincent & The Grenadines. The company is managed from Dubai.
Offshore FX broker Fullerton Markets adds MT5 platform
Key features on Fullerton Markets MT5 platform include 21 timeframes (up from 9 on MT4), and six pending order types.
CySEC warns of Just2Trade clone, unlicensed FX brokers
Cyprus financial regulator CySEC has issued its latest warning of unlicensed, offshore FX, CFD and crypto brokers.
