Tag: AxiCorp

Update On FCA-Regulated Axi Group And Its Offshore Broker Activities

FCA tamir - July 25, 2023

We brought our initial review of broker scheme One Financial Markets (OFM) in May 2022 and a brief update in October. OFM is a brand alongside AXI, with which the Australian AXI Group is active. AXI Group has regulatory permission from the UK FCA and South Africa's FSCA. However, the offshore mutations of OFM and AXI are operated by an entity in St. Vincent & The Grenadines. We have added AXI Group to our Orange Compliance list.

IC Markets Promotes Calvin Mangalino To Head Of Compliance!

Job Movements Ben - August 16, 2022

FinTelegram has reported several times on the global brokerage scheme IC Markets. In our various reviews, we have found that IC Markets is soliciting clients through its offshore entity Raw Trading Ltd in violation of UK and EU compliance rules. In October 2020, the Italian Consob had blocked IC Markets' website (website www.icmarkets.com) operated by Raw Trading. Now the broker has promoted Calvin Mangalino to the position of Head of Compliance at its company. He has a lot to do, we guess!

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