Market Updates: Boston Technologies copied, Tadawul FX adds CFDs and new binaries brand launches

A cheap website of a company calling itself Forex Own Brokerage Solutions (FX Own Bro in short) just launched –

  • A cheap website of a company calling itself Forex Own Brokerage Solutions (FX Own Bro in short) just launched – http://fxownbro.com/index.html. Registered somewhere from India this is a complete rip off of Boston Technologies website + many mistakes and non functioning pages and images. I’m not really sure why was this made but I don’t think any one will want to get in touch with these guys just judging by the way their site looks and by the way they copied BT’s texts word by word. Moreover the people behind this site pasted images of Citi and dbFX on the homepage – presumably to appear more reliable = FAIL. They also claim to be working with “a leading company is working with companies such as FXCM, Gain Capital, ODL, Alpari, MIG, Interbank FX, and FXDD to create the most competitive Retail Forex business in the world.” so you might assume they are actually BT’s resellers but based on my brief chat with BT this appears not to be the case…

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

What to Look for in a Liquidity ProviderGo to article >>

  • Online Forex Broker Tadawul FX Adds CFDs Trading To Growing List Of Investment Services. CFDs trading (Contracts for Differences) is launched including NASDAQ, DOW, and NIKKEI, some of the world’s biggest stock indices. “It is an exciting move as these indices are some of the world’s biggest: NASDAQ 100, DOW, NIKKEI, S & P, SMI, CAC40, and WTI.” says Ramzi Chamat, CEO of Tadawul FX. “And the benefits we can offer clients are second to none…TDFX can offer unprecedented security of funds, safeguarded through an investor compensation fund, as we are both an EU licensed and FSA and BAFIN registered broker too,” he continues.
  • OptionBit.com , a new brand powered by TradoLogic, has been launched on March 15th, 2010. OptionBit is TradoLogic’s third brand, following the launch of two other brands last month. OptionBit provides users with an advanced user-interface, new types of binary options to trade and unique trading features–creating a new standard for binary options brokers worldwide.                         Most binary option traders are familiar with Above / Below option, where the user predicts whether the underlying asset will expire above or below the current price by the time of expiration. However, OptionBit is now offering an expand list of options users can trade on including two new options, Touch and Range. The Touch option offers users the ability to predict whether their underlying financial asset will touch a specific price by the time of expiration. Users can choose one of two options; if they believe the underlying asset will touch a higher price they can select the “Touch Up” offer, and if they believe the underlying asset will touch a lower price they can select the “Touch Down” option. Range Option – Coming Soon.
Got a news tip? Let Us Know