Latest
FXCM announces the launch of its own MT4 platform
- FXCM and Boston Technologies parted ways some time ago after a lengthy and what seems an intense relationship. Reading between the lines of FXCM and BT's releases it seems the relationship didn't end well.
Tuesday, 24/01/2012 | 14:42 GMT by
Michael Greenberg
Ava FX receives ASIC approval, launches Australian office
- Ava FX just announced that it was authorized by ASIC to start operating in Australia. Ava Capital Markets Australia will offer Ava's trading services to local and Asian traders. Australia has quickly become a major center for forex brokers trying to tap the Asian markets.
Tuesday, 24/01/2012 | 13:30 GMT by
Michael Greenberg
Q4 2011 Forex Magnates Forex Industry Report is Available
Monday, 23/01/2012 | 12:37 GMT by
Michael Greenberg
Forex Magnates launches new design and a comprehensive Forex Directory
Monday, 23/01/2012 | 11:36 GMT by
Michael Greenberg
Forex Magnates is nominated in the FXStreet's person of the 2011 Year shortlist
Friday, 20/01/2012 | 09:33 GMT by
Michael Greenberg
US forex brokers profitability report for Q4 2011 shows steep drop in number of US accounts amid increase in traders' profitability
- US retail forex industry is now showing obvious signs of slow down with number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206. This is the lowest count reported since Q3 2010 when first such report was released.
Wednesday, 18/01/2012 | 18:53 GMT by
Michael Greenberg
BNY Mellon reaches partial settlement in its civil suit
- As was reported only a week ago BNY Mellon which was expected to settle has indeed partially settled the civil lawsuit launched against it by the NY States Attorney. As part of the settlement agreement BNY agrees to actually disclose how it executes transactions, refrain from certain representations and provide a comparison mechanism for pricing.
Wednesday, 18/01/2012 | 12:18 GMT by
Michael Greenberg
FXCM reports December 2011 monthly metrics
- FXCM just reported its December 2011 metrics and also metrics for the full 2011 year. As expected volume in December was substantially lower than in November. The reason for this is both the holidays slowdown and relatively low volatility in the currency markets. December 2011 was more than 20% higher than December 2010 which shows FXCM's year on year growth.
Tuesday, 17/01/2012 | 21:38 GMT by
Michael Greenberg
FXPro shows strong volumes in 2011
- 2011 saw record volumes traded with the likes of Hotspot and EBS, volatility helped volumes grow however the credit crunch put pressure on brokerages and we saw US based Interbank FX get taken over by Monex. None the less brokers like FXCM, IG and FXPro have been continuing to show strong results.
Tuesday, 17/01/2012 | 13:58 GMT by
Adil Siddiqui
Leverate obtains CySec license
- Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is about to obtain such a license on our Linkedin group few days ago.
Tuesday, 17/01/2012 | 10:05 GMT by
Michael Greenberg
Plimus to stop processing forex related products
- Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products like ebooks, games, mobile apps and more. Those networks rival the large number of affiliate that use their services to further promote products offered through their sites.
Monday, 16/01/2012 | 13:04 GMT by
Michael Greenberg
Metatrader5 receives Singapore Mercantile Exchange certification
- Metaquotes launches Metatrader5 as its big hope in breaking into the exchanges market. Metatrader5 in general wasn't supposed to replace Metatrader4 but help Metaquotes tap the exchanges market while in parallel continuing to control the retail forex one. Metatrader5 is still a buggy product and is more than a year in beta without any significant forex broker launching it live. It is available for live trading at couple of small brokers.
Friday, 13/01/2012 | 12:14 GMT by
Michael Greenberg
US retail forex capital grew by $3 million in November 2011
- US retail forex capital held by FCMs, RFEDs and FCMRFDs - per CFTC's definitions - grew by most $3 million in November. These deposits describe the amount of retail forex funds held by American brokers - this may include funds not only from American clients.
Friday, 13/01/2012 | 11:59 GMT by
Michael Greenberg
Bangladesh speaks out against online Forex Trading
- Bangladesh one of the 'next eleven' markets (Goldman Sachs view on next economic growth area) has seen a rise in online speculative FX trading in the last two years, driving concerns that retail investors are not prepared for the risk involved.
Friday, 13/01/2012 | 08:49 GMT by
Adil Siddiqui
CFTC issues an injunction against InstaTrade Corporation and ZTRADEFX LLC
- Instatrade Corporation, aka Insta Forex, and Ztradefx LLC were two of the 14 firms sued by the CFTC early last year. Ever since most firms didn't bother to settle with the CFTC but some did. Last week we saw that FXOpen settled the case with the CFTC paying $140,000 fine.
Thursday, 12/01/2012 | 13:59 GMT by
Michael Greenberg
BNY Mellon may settle as part of the Federal Forex suit
- After months of controversy surrounding issues over foreign exchange transactions, BNY Mellon, the world's largest custody bank, is continuing to work toward a settlement as part of a lawsuit filed by federal prosecutors.
Thursday, 12/01/2012 | 13:37 GMT by
Michael Greenberg
Chicago prepares for FX forum- 12 January Mid America Club
- Chicago’s Mid America Club welcomes Mankoff Company’s exciting discussion affecting the financial markets. The much awaited event will be taking place tomorrow - 12th January at the prestigious Mid America Club where market professional will be sharing their views on what’s to come in the markets.
Thursday, 12/01/2012 | 12:58 GMT by
Adil Siddiqui
RBI wary of Foreigners playing with Rupee
- India’s central bank has warned foreign banks trading in the Indian Rupee and causing market turmoil as the rupee hits new lows amid foreign banks speculative trading. The rupee has depreciated in the BRIC nation as inflation and interest rates are hurting the economy.
Thursday, 12/01/2012 | 08:20 GMT by
Adil Siddiqui
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