Leading lights from the world of online trading gathered at Columbia Beach, Limassol, Cyprus to celebrate the best Brokers and B2B brands over the past 12 months as part of the official UF AWARDS Global 2024.The winning companies were congratulated in a special ceremony on June 20, organised by Ultimate Fintech, with each award acting as a true testament to their strong commitment to innovation and success in the industry.The event concluded the final day of iFX EXPO International 2024, a flagship exhibition in which brokers, investors, IBs, PSPs, liquidity providers, and fintech innovators met at the City of Dreams Mediterranean Integrated Resort between 18-20 June.Now that recipients of the UF AWARDS Global 2024 Awards have been officially confirmed, the full list of winners can be revealed:BROKER AWARDSBEST CFD BROKER - GLOBAL: JUSTMARKETSBEST NEWCOMER BROKER - GLOBAL: MC MARKETSBEST BROKER FOR COPY TRADING - GLOBAL: XTREND SPEEDBEST CUSTOMER SUPPORT - GLOBAL: TITAN FX BEST VALUE BROKER - GLOBAL: EC MARKETSBEST RESEARCH AND EDUCATION PROVIDER - GLOBAL: BDSWISSBEST IB/AFFILIATE PROGRAMME - GLOBAL: JUSTMARKETSMOST INNOVATIVE BROKER - GLOBAL: FXGT.COMBEST FOREX SPREADS - GLOBAL: TRADING PRO BEST EMERGING BROKER - GLOBAL: SKILLINGBEST TRADING CONDITIONS - GLOBAL: FP MARKETSBEST ECN/STP BROKER - GLOBAL: AAAFXMOST TRUSTED BROKER - GLOBAL: DERIVBEST TRADE EXECUTION - GLOBAL: BDSWISSMOST TRANSPARENT BROKER - GLOBAL: FP MARKETSBEST TRADING EXPERIENCE - GLOBAL: VANTAGEBEST GLOBAL BROKER - GLOBAL: FXVIEWBROKER OF THE YEAR - GLOBAL: BROKER OF THE YEARB2B AWARDSBEST WHITE LABEL SOLUTION - GLOBAL: AQUARIX FINTECHBEST CRM SOFTWARE PROVIDER - GLOBAL: TRADECOREBEST FINTECH AI SOLUTION - GLOBAL: SWISETBEST AUTOMATED PERFORMANCE TOOL - GLOBAL: PLUGITBEST TECHNOLOGY PROVIDER - GLOBAL: SCALETRADEBEST LOW LATENCY TRADING TECHNOLOGY PROVIDER - GLOBAL: YOUR BOURSEBEST SERVICES FOR PARTNERS - GLOBAL: CTRADERBEST CRYPTO PAYMENT GATEWAY - GLOBAL: LETKNOW PAYBEST CRYPTO PAYMENT SOLUTION - GLOBAL: FINRAXBEST RISK MANAGEMENT SOLUTION - GLOBAL: ISAM SECURITIESBEST BRIDGE PROVIDER - GLOBAL: CENTROID SOLUTIONSBEST CONNECTIVITY PROVIDER - GLOBAL: ONEZEROBEST PAYMENT SERVICE PROVIDER - GLOBAL: FREEDOM PSPBEST PAYMENT GATEWAY - GLOBAL: WORLDPAYBEST ALL-IN-ONE BROKERAGE SOLUTION - GLOBAL: FYNXTBEST LIQUIDITY AGGREGATOR - GLOBAL: TOOLS FOR BROKERSMOST TRUSTED LIQUIDITY PROVIDER - GLOBAL: FINALTOBEST TRADING PLATFORM - GLOBAL: CTRADERBEST SOCIAL TRADING SOLUTION - GLOBAL: ZULUTRADEThe award winners mentioned above have excelled in their respective categories, demonstrating outstanding performance and a steadfast dedication to delivering top-notch services within a highly-competitive global marketplace.Each UF Award represents the ultimate validation of success, with all categories being voted on by industry peers, highlighting the most forward-thinking brokers and B2B service providers that are pioneers in what is an constantly evolving sector.Ultimate Fintech expresses its appreciation to everyone involved in this year’s UF AWARDS Global, from participants and nominees to those who cast their votes, while also extending their congratulations to the worthy winners. This article was written by FM Contributors at www.financemagnates.com.

Ripple Labs is facing another civil securities lawsuit for “misleading statements” made by its CEO, Brad Garlinghouse, in a 2017 interview. A California federal court judge has greenlighted the lawsuit but denied a summary judgment, meaning a jury will hear the case.A Statement Made in 2017In an interview with Canada’s BNN Bloomberg in 2017, Garlinghouse mentioned that he was “very, very long” on XRP, the digital token of Ripple. However, the lawsuit alleges that, in reality, he “sold millions of XRP” in that same year.In his order on 20 June, Judge Phyllis Hamilton dismissed four allegations around Ripple’s “failure to register XRP as a security.”Ripple is already facing a separate lawsuit from the Securities and Exchange Commission (SEC), which alleges that XRP is a security. Last July, the New York federal court ruled that the sale of XRP on exchanges and through algorithms did not violate any American securities law; however, sales to institutions did.In the California court, Ripple also argued that the allegations of “misleading statements” should be thrown out as XRP is not a security under the Howey test. The blockchain company's lawyers also cited the order of the New York court to strengthen their arguments.XRP Could Be a SecurityHowever, the California federal court’s judge remarked that XRP could be a security when sold to non-institutional investors, as they would have expected profits from Ripple’s efforts.“The court declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to facilitate XRP’s use in cross-border payments, among other things,” the judge noted.“Accordingly, the [court] cannot find as a matter of law that Ripple’s conduct would not have led a reasonable investor to have an expectation of profit due to the efforts of others.”Meanwhile, the SEC and Ripple are tussling over the agreement on the size of the civil penalty for the blockchain firm.Initially, the SEC proposed $1.95 billion in recovery and civil penalties from the blockchain company. However, Ripple heavily opposed that civil penalty amount and came up with a $10 million figure in civil penalty instead of $876 million, citing the recent settlement of the regulator with bankrupt Terraform Labs. In its response, the regulator defied the lowered amount, saying that “it would not satisfy the purposes of the civil penalty statutes.” This article was written by Arnab Shome at www.financemagnates.com.