brokers
Breaking: LQD Markets Almost Got Liquidity Support Before Bankruptcy
- The total amount of missing client money has bubbled up to $2.8 million after the special administrator of the company, Baker Tilly, established that additional 137 clients were owed almost $1.5 million.
Thursday, 26/03/2015 | 23:00 GMT by
Victor Golovtchenko
ETX Capital's CEO Andrew Edwards Weighs in on Alpari UK Acquisition
- After ETX Capital announced the purchase of Alpari UK's client base from special administrator KPMG, Forex Magnates' reporters reached out to the CEO of the firm in order to acquire more details about the deal.
Thursday, 26/03/2015 | 18:29 GMT by
Victor Golovtchenko
Alpari UK Sells Client Data to UK Brokerage ETX Capital
- In what is potentially a multimillion pound deal, clients will have the opportunity to get their outstanding balances which are due from Alpari UK to get transferred to their trading accounts with ETX Capital.
Thursday, 26/03/2015 | 15:24 GMT by
Victor Golovtchenko
Breaking: CWM Responds to City of London Police Investigation
- The Chelsea FC sponsor claims that there might be a coordinated effort to tarnish the group's reputation as CWM have made an offer to the City of London Police to ring fence client funds to allay any general concerns.
Wednesday, 25/03/2015 | 19:32 GMT by
Victor Golovtchenko
Alpari FX Volume down 15% MoM in Russia and the CIS Countries
- Alpari Russia has released its February 2015 turnover in Russia and the CIS countries. Coming in at just $74.7 billion, the figures is 15% lower than January as volatility post-SNB decision has decreased.
Wednesday, 25/03/2015 | 14:41 GMT by
Avi Mizrahi
FCA Warns against GMT Markets Limited and LCG Clone Tradignition
- The UK financial regulatory body has issued a couple of warnings against unauthorized firms providing broking services without authorization, with Tradeignition imposting as LCG when soliciting clients.
Wednesday, 25/03/2015 | 14:16 GMT by
Victor Golovtchenko
Breaking: FXCM Inc to Sell Its FXCM Japan Unit to Rakuten Securities
- The deal is worth $62 million, with the sale of the Japanese unit of FXCM resulting in the recovery of cash held at the company most likely as a regulatory capital requirement totaling $22 million.
Wednesday, 25/03/2015 | 14:09 GMT by
Victor Golovtchenko
Catching up with London Capital Group’s Charles-Henri Sabet
- Gaining a better understanding of LCG's restructuring and their strategies for 2015 and beyond, Forex Magnates spoke with CEO Charles-Henri Sabet about expansion, technology, their B2B business and more.
Wednesday, 25/03/2015 | 13:46 GMT by
Ron Finberg
Breaking: Chelsea FC Partners CWM Were Target of Police Heron Tower Raid
- The City police is urging anyone who has invested in CWM’s managed funds offering 5% interest per month to get in contact. The 13 arrests this month were meant to "stop what we believe was an ongoing criminality".
Wednesday, 25/03/2015 | 11:15 GMT by
Avi Mizrahi
LCG Spread Betting and CFDs Revenue down 7% YoY, Sabet Turned CEO
- Alongside its final results statement released this morning, London Capital Group announced a change to the board of directors. Charles-Henri Sabet, currently executive chairman, will assume the role of Group CEO.
Wednesday, 25/03/2015 | 10:01 GMT by
Avi Mizrahi
FXCM Markets Competes with Global CFD Giants - Extends Equity CFD Range
- FXCM is planning to enhance its product range to cater to the needs of international share traders. The multi-asset provider, FXCM Markets entity, will enter the world of single-stock CFDs according to a note to users.
Tuesday, 24/03/2015 | 22:58 GMT by
Adil Siddiqui
KPMG Warns Alpari’s Traders of So-Called Fraudulent 'Alpari UK China Support Team'
- FX traders in China should be wary of a group of fraudsters attempting to deceive them under the Alpari banner, according to KPMG. A team claiming to provide support is actually a fraudster.
Tuesday, 24/03/2015 | 19:34 GMT by
Adil Siddiqui
CWMFX's Parent Group Linked to Massive Offshore Ponzi Scheme, Researcher Says
- According to Offshore Alert, CWM World is linked to a $16 billion Ponzi scheme run by the Mauritius-based Belvedere Management Limited, as sources close to the firm have dismissed the report as inaccurate.
Tuesday, 24/03/2015 | 18:29 GMT by
Victor Golovtchenko
Are We about to Enter a Golden Period for the XAU/USD?
- Jens Pedersen, an analyst at Danske Bank, said on Bloomberg, “The market has taken Yellen’s comments as dovish, helping to drive down the dollar and supporting gold.” But what are the prospects for XAU/USD in the coming days or weeks?
Tuesday, 24/03/2015 | 11:30 GMT by
FMAdmin Someone
Monex Group Inc on Track to Report Higher Y/Y Revenues in Q4
- The globally operating Japanese company Monex Group has been on track to deliver a higher net revenue figure during the fourth quarter of 2015 as the volatility across various asset classes has been much higher.
Tuesday, 24/03/2015 | 09:01 GMT by
Victor Golovtchenko
FXCM AU Deploys Updated Negative Balance Rules
- FXCM continues to amend its trading conditions post-SNB, the firm reported a revised policy for traders registered under its Australian regulated entity. The revisions will cover the first $50,000 of negative balances.
Monday, 23/03/2015 | 22:42 GMT by
Adil Siddiqui
CWM FX Suspends Service after Leverate Cut All Ties to the Broker
- Forex Magnates has learned that Leverate notified clients of CWM FX that the broker was switching liquidity providers and that they needed to withdraw funds and would be able to redeposit when a new platform launches.
Monday, 23/03/2015 | 16:52 GMT by
Avi Mizrahi
Social Trading Network FX Stat Upgrades its FCA License
- The changes make FX Stat fully compliant with updated FCA social trading regulations and license the firm to be providing STP execution services in forex, futures, commodities and spread betting contracts
Monday, 23/03/2015 | 16:49 GMT by
Victor Golovtchenko
DMM FX Australia Goes against Higher Margin Requirements Trends
Monday, 23/03/2015 | 14:08 GMT by
Victor Golovtchenko
Insolvency Specialist Answers Alpari UK, LQD Markets Clients' Questions
- When will clients get their funds back, from whom should they claim and what fate awaits overseas traders? Forex Magnates provides all the answers by David Leibowitz, partner at Berwin Leighton Paisner LLP.
Monday, 23/03/2015 | 06:58 GMT by
Guest Contributors
Bitcoin Picks: BitYes Rolls-out Margin Trading & Another Bitcoin Exchange Plans to go Public
- The world of virtual currencies welcomed news of a Canadian exchange that plans to go public, coupled with a new venue for leveraged instruments. Some of the key stories from this week’s Bitcoin Picks.
Saturday, 21/03/2015 | 16:32 GMT by
Adil Siddiqui
Saxo Bank Migrates Its Spread Bet Offering over to Capital Spreads, LCG
- Danish financial services provider, Saxo Bank, is withdrawing its spread betting product for UK and Irish customers, the firm will transfer the business over to Capital Spreads, a trading name of LCG.
Friday, 20/03/2015 | 19:58 GMT by
Adil Siddiqui
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