Ali Raza

1 week ago | economywatch.com | ALi RaZa |Ali Raza

The Cyprus Securities and Exchange Commission (CySEC) has announced the withdrawal of Itrade Global’s operational license. The regulator stated that the broker operated two Contracts for differences (CFDs) and forex brands: InvestFW and TradeWell. The license withdrawal is coming when the company has decided to expressly renounce it, according to the clarification note from CySEC.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

Scope Prime, part of the Rostro Group, has launched a new Partnership Programme designed for brokers who serve retail clients. The first to join is ZXCM, a Seychelles-based brokerage firm with a growing presence in North Africa and the Gulf. Scope Prime said it will offer ZXCM liquidity and help with onboarding new clients. ZXCM already offers institutional-level services and advanced trading tools. With this partnership, the firm will now also benefit from Scope’s technology and back-end support.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

Binance has launched trading services in Syria following updated guidelines from the United States and the European Union. For years, the exchange had blocked users in Syria due to international sanctions. A spokesperson stated that the policy changes now enable residents to register and trade. Binance had previously restricted access in line with global rules. Syrian users will now have access to Binance’s full range of services, including spot trading, futures, and peer-to-peer exchange.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

A new offshore bank, Bank Aston, has been granted a banking license by the Guernsey Financial Services Commission. This is the first time in nearly thirty years that a locally-based bank in Guernsey has received such approval. The island’s last homegrown bank stopped trading in 1996. With this license, Bank Aston is preparing to establish a modern institution catering to offshore clients. The new bank will focus on serving offshore trustees, family offices, and investment funds.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

EBC Financial Group (EBC) has introduced more than 100 fresh contracts for difference (CFDs) based on US-listed exchange-traded funds (ETFs). This expansion strengthens the company’s existing suite of offerings and grants clients broader access to theme-oriented trading tools. Among the new CFDs are ETFs listed on both the NASDAQ and the New York Stock Exchange (NYSE). These funds are managed by major asset firms including iShares (BlackRock), Vanguard, and State Street Global Advisors.