Latest
FXStreet launches a fully customizable My Forex Studies page
- As announced here last week FXStreet just launched the beta of its Forex Studies page. The page is fully customizable so if you have an accounts with FXStreet you can play around with it and save your preferred look. You can access it here: https://www.fxstreet.com/forex-studies/demo.aspx
Thursday, 24/11/2011 | 11:47 GMT by
Michael Greenberg
Overview of Forex in the Middle East
- The oil rich Middle East has been a market most FX brokers want to capture, with stong economic growth, per capita incomes and cash to play with! The region has a very diverse uptake in financial markets; some countries have been pioneers in the field since the 70's whereas other nations are finally entering electronic trading.
Wednesday, 23/11/2011 | 19:40 GMT by
Adil Siddiqui
Federal Court Orders Forex Dealer Jacob Juma Omukwe to Pay over $2.6 Million for Forex Scheme
- Washington, DC - The U.S. Commodity Futures Trading Commission (CFTC) obtained a supplemental consent order requiring defendants Jacob Juma Omukwe and his companies, JadeFX, LTD (JadeFX) and Jade Investments Group, LLC (Jade), jointly and severally to pay over $2.6 million in restitution and civil monetary penalties to settle a CFTC anti-fraud enforcement action filed in March 2011.
Wednesday, 23/11/2011 | 15:09 GMT by
Michael Greenberg
GFT Markets’ DealBook® Wins Best Online Trading Platform in the Shares Awards
- GFT Markets, a worldwide leader in forex, contracts for differences (CFDs), financial spread betting, binary trading, and FX options is pleased to announce that its DealBook® platform has received the prestigious award for “Best Online Trading Platform” by Shares Magazine, the leading weekly publication for active traders in the United Kingdom.
Wednesday, 23/11/2011 | 15:02 GMT by
Michael Greenberg
Henyep Capital Markets named Best Global Broker at the 9th Middle East Forex & Investment Expo 2011
- Abu Dhabi, UAE, November 22, 2011 – Henyep Capital Markets is pleased to announce that it has been voted and awarded as “Best Global Broker 2011” at the 9th Middle East Forex & Investment Expo 2011. The award was announced and presented to Henyep Capital Markets on November 15, 2011 at the award ceremony that took place at the Hilton Hotel in Abu Dhabi, UAE.
Wednesday, 23/11/2011 | 08:56 GMT by
Michael Greenberg
NFA files complaint against Tracy Morgan Spaeth charging him with multiple misleading forex practices
- One of the webinars that Spaeth used to solicit customers promoted a computerized forex trading system, known as Tradestar, that the webinar claimed was almost risk-free and consistently profitable. The Tradestar trading system was developed and/or owned by Trade Star Incorporated, a company controlled by a convicted felon named Robert Mihailovich (Mihailovich), who, in July 2010, was charged by the Commodity Futures Trading Commission (CFTC) with fraudulently soliciting over $30 million from customers for forex and futures investments.
Wednesday, 23/11/2011 | 08:49 GMT by
Michael Greenberg
Central Bank of Phillipines to further liberalise currency
Monday, 21/11/2011 | 17:39 GMT by
Adil Siddiqui
MQL5 has a malware on its name now
- I guess it's another sign of one's popularity. Kaspersky, one of world's leading antivirus software developers, has recently discovered a malware that tries to exploit the recently launched MQL5 Cloud Network. Since that network's purpose is to help test EA's for a fee, crooks thought it would be financially rewarding for them to try to manipulate it in their favor.
Monday, 21/11/2011 | 09:30 GMT by
Michael Greenberg
David Lewalski of Botfly LLC sentenced to 20 years in jail for forex scam
- According to a federal criminal Complaint filed in U.S. District Court in the Middle District of Florida, David R. Lewalski, 47, formerly of Gainesville, FL, and his co-conspirators allegedly solicited money about $30 million from hundreds of investors based on false statements that Lewalski could earn the investors up to 10 percent interest per month by trading on the foreign currency (FOREX) market.
Monday, 21/11/2011 | 08:31 GMT by
Michael Greenberg
MF Global Canadian forex clients will get their money this month
Monday, 21/11/2011 | 08:21 GMT by
Michael Greenberg
Forex Clearing Fees set to rise - CLS Bank
- CLS bank a clearing and settlement bank for foreign exchange trading has announced that iy will be increasing its transaction costs.
Friday, 18/11/2011 | 17:43 GMT by
Adil Siddiqui
MSN and Saxo Bank discontinue MSN Trader
- MSN Trader was an ambitious and an out of the box project co-launched by Microsoft and Saxo Bank exactly a year ago. Basically Microsoft became Saxo Bank's White Label and was offering forex, futures and CFDs. This is one of those projects that have small chances to become hugely successful and bigger chances of failing. Unfortunately for MSN and Saxo it was the latter.
Friday, 18/11/2011 | 13:36 GMT by
Michael Greenberg
Currensee makes a foray into institutional forex market, partners with HedgeCo
- Currensee which until now was a hub for retail forex traders looking to follow credible traders has now expanded into the institutional forex market. The move makes sense for Currensee for two reasons: first is that it still has not gained much traction in the retail forex market, the other is that Currensee has institutional investors which were probably instrumental in making this deal with HedgeCo happening. Institutional volumes are typically much higher than the retail ones and hence may be much more profitable for Currensee.
Friday, 18/11/2011 | 09:13 GMT by
Michael Greenberg
ZuluTrade will pay signal providers only for profitable months, charged by NFA
- ZuluTrade finally made an important update to how it compensates signal providers - from now on those providers will be paid for volume made by their followers only if the month was profitable. This means that if signal provider lost money in a given month - it won't get compensated by Zulu.
Friday, 18/11/2011 | 08:22 GMT by
Michael Greenberg
More Tradestation Interbank FX acquisition details
- The announcement of the Tradestation - IBFX acquisition deal obviously generated much interest and discussions in the industry. Main question was whether indeed the price was a mere $17 million. Several of my sources mentioned that Gain may have eventually withdrawn from the deal I announced 2 months ago because there is a pending NFA fine against Interbank FX. Apparently IBFX may be soon fined for some execution flaws - however this has not been announced by the NFA yet so we have no way of knowing whether this will eventually happen.
Friday, 18/11/2011 | 07:40 GMT by
Michael Greenberg
All eyez on You: RBI hits out at FX related bank transfers
Thursday, 17/11/2011 | 10:13 GMT by
Adil Siddiqui
TradeStation acquires Interbank FX (IBFX)
- Couple of months ago I published that Gain Capital is about to acquire Interbank FX after several rounds of discussions with potential investors. In that round Gain remained as the last bidder. This deal however failed at the last moment for reasons not known to me - but not hard to guess that it was a disagreement over final price. IBFX didn't give up on trying to be sold and today finally succeeded - TradeStation (which itself was acquired by Japense Monex Group few months back) just announced that it reached an acquisition agreement with IBFX.
Wednesday, 16/11/2011 | 08:10 GMT by
Michael Greenberg
Hedge Funds made easy, New 'all in one' Trading Screen product
Wednesday, 16/11/2011 | 07:52 GMT by
Adil Siddiqui
FXPro Launches Australia office
- FxPro Financial Services Ltd (FxPro), a leading global forex broker today announced the launch of its Australian business - FxPro Australia Pty Ltd (FxPro Australia).
Wednesday, 16/11/2011 | 07:03 GMT by
Adil Siddiqui
myfxbook gets back to supporting OANDA accounts
- Earlier this year myfxbook had to stop supporting OANDA trading accounts as OANDA was doing some changes in its API. This was bad news for many of OANDA's traders who wanted to show their stats on myfxbook.
Tuesday, 15/11/2011 | 07:27 GMT by
Michael Greenberg
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