brokers
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
Admiral Markets Reshuffles the List of Available Currency Pairs
- After thorough statistical analysis, Admiral Markets is reassessing the number of currency pairs offered to its clients and starting from the 30th of March the company is removing certain instruments.
Friday, 20/03/2015 | 12:39 GMT by
Victor Golovtchenko
FXCM UK Updates Negative Balance Policy to Include Only First $50,000
- FXCM has just updated its master trading agreement to reflect the challenges associated with a negative balance protection policy for retail forex traders, now including "insurance" only on the first $50,000.
Friday, 20/03/2015 | 10:14 GMT by
Victor Golovtchenko
ADS Securities Sponsoring Formula Renault Swiss Driver in 2015
- Abu Dhabi-based brokerage, ADS Securities, has announced that it will be sponsoring Swiss racing driver Louis Delétraz in his driving at the Formula Renault 2.0 Northern European Cup throughout 2015.
Thursday, 19/03/2015 | 13:30 GMT by
Victor Golovtchenko
Alpari UK’s Administrator KPMG Clarifies Client Money Pool Currency Issues
- KPMG has updated its Alpari portal with information about currencies used in the special administration. The administrator cited reports in Forex Magnates and wanted to clarify the position for traders.
Wednesday, 18/03/2015 | 21:04 GMT by
Adil Siddiqui
Saxo Bank's Co-CEO Kim Fournais: Equity Traders Surpass Forex in 2014
- Forex Magnates' reporters spoke to Founder and co-CEO of Saxo Bank, Kim Fournais, about the company’s performance in 2014 and the challenges of January which the brokerage faced after the EUR/CHF floor removal.
Wednesday, 18/03/2015 | 19:37 GMT by
Victor Golovtchenko
Stephonomics: AUD Insider Trading, or Just Plain Trading?
- With 30 years of industry experience, Stephen A. Simonis presents his view about current events and their past parallels. Read and learn what he has to say about the AUD, scapegoats and Zuccotti Park.
Wednesday, 18/03/2015 | 19:30 GMT by
Stephen Simonis Senior
Breaking: Alpari Looking to Establish New EU Licensed Subsidiary
- The firm is already looking to hire a managing director for a subsidiary to be based in the EU, targeting clients mainly from Eastern Europe, where the brand has been actively promoting its services in the past.
Wednesday, 18/03/2015 | 10:32 GMT by
Victor Golovtchenko
Stock Market Simulation App TradeHero Partners OANDA to Add Forex
- The trading gamification app is adding foreign exchange and precious metals feeds though a partnership with OANDA, boasting an impressive presence in Southeast Asia in trading related mobile applications.
Wednesday, 18/03/2015 | 08:22 GMT by
Victor Golovtchenko
Spanish Retail Broker Interdin Shaken by the US Patriot Act
- The parent company of the broker was Banco de Madrid, which went belly up on Monday as U.S. authorities have cracked down on its parent bank Banco de Andorra and labeled it as "a primary money laundering concern".
Tuesday, 17/03/2015 | 19:39 GMT by
Victor Golovtchenko
Australian Insider Trading Duo Gets Jail Time After Trading Margin FX
- Former Australian Bureau of Statistics employee Christopher Hill got 3 years and 3 months while the holder of margin forex trading accounts with Pepperstone and AxiCorp Luca Kamay is sentenced to 7 years and 3 months.
Tuesday, 17/03/2015 | 19:09 GMT by
Victor Golovtchenko
FXCM Seniors Sign Revised Founder Severance Agreement - Thus Providing a Layer of Safety
- Senior executives at listed currency and CFD broker, FXCM, have signed an amended agreement that protects them in case their employment is terminated, with the four receiving a set remuneration in reference to their salary and bonus.
Tuesday, 17/03/2015 | 18:32 GMT by
Adil Siddiqui
GAIN Capital Shareholders Green Light Acquisition of City Index Ltd
Tuesday, 17/03/2015 | 13:21 GMT by
Jeff Patterson
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