brokers
EUR/CHF Crash Leads Brokers to Halt Trading in CHF Pairs
- At FXCM, the prices of CHF crosses have not been updated from about 4:30am Eastern US Time. Support representatives are advising clients who were negatively impacted to log audits using the subject line, “Price freeze.”
Thursday, 15/01/2015 | 14:03 GMT by
Avi Mizrahi
Manchester City Signs a Multi-Year Global Partnership Deal with FXPrimus worth $2 Million a Year
- The English Premier League champion football club has become the latest high profile sports team to announce an official partnership with a broker. The deal gives FXPrimus extensive marketing and promotional rights.
Thursday, 15/01/2015 | 11:19 GMT by
Avi Mizrahi
Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?
- Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
Thursday, 15/01/2015 | 10:38 GMT by
Ron Finberg
Breaking: EUR/CHF Nosedives as SNB Abandons Floor, Freezing Trading Platforms
- Trading platforms at a number of brokerages go haywire, with prices on the EUR/CHF ranging between 1.02 and 1.17, for the time being there is no definitive information on where the Swiss franc is trading to the euro.
Thursday, 15/01/2015 | 09:53 GMT by
Victor Golovtchenko
London Capital Group's Revenues Accelerated during the Fourth Quarter of 2014
- Revenues accelerated during Q4, with £13.9 million at the end of the third quarter ending 30 September 2014 and the balance of £8.6 million in the fourth quarter ending 31 December 2014.
Thursday, 15/01/2015 | 08:07 GMT by
Avi Mizrahi
FXCM Upgrades Trading Station to Include New Indicators and Charting
- FX traders are expected to take heed of new indicators and trading tools under FXCM’s planned upgrade to its trading terminal. Trading Station will undergo a scheduled upgrade on the 16th of January with several new features.
Wednesday, 14/01/2015 | 21:43 GMT by
Adil Siddiqui
Market Volatility Pushes US Retail Forex Up 4.3% in November
- The american's regulator's metrics reflects an uptake in the total value of client funds in the retail sector, most notably at FXCM, Interactive brokers and KCG. Total funds topped $630 million.
Wednesday, 14/01/2015 | 18:53 GMT by
Adil Siddiqui
Is Copy Trading Constituting Portfolio Management?
- If you were wondering what permissions you will need within your FCA license to be able to provide copy trading, the UK Financial Conduct Authority has recently issued a guidance explaining just that.
Wednesday, 14/01/2015 | 17:01 GMT by
Victor Golovtchenko
Saxo Bank Extends Sponsorship Deal with Danish GP2 Race Car Driver Marco Sørensen
- The renewed sponsorship of Marco Sørensen marks a continuation of Saxo Bank's involvement with the sporting world. Last year the bank entered a one-year business partnership with Lotus F1 team.
Wednesday, 14/01/2015 | 13:54 GMT by
Avi Mizrahi
Exclusive: TRADOLOGIC Informs CySEC Regulated Binary Brands about Patent Infringement
- According to a copy of a letter obtained by Forex Magnates' reporters, some brands of binary options service providers and standalone brokers have been informed that they are allegedly infringing a list of patents.
Wednesday, 14/01/2015 | 11:00 GMT by
Victor Golovtchenko
Forex Magnates Fortifies Its Executive Level Ahead of Expansion
- The string of new appointments and recruits will boost our capacities as we gear up towards our much-awaited expansion and rebranding. Michael Greenberg: "the next two years are going to be exciting."
Wednesday, 14/01/2015 | 08:00 GMT by
FMAdmin Someone
Is ThinkForex The Next Player to Obtain FCA License?
- While Thinkforex has declined any comment, Forex Magnates believes that the Australian regulated broker is set to receive a UK authorization shortly, with new key hires for the local management team.
Tuesday, 13/01/2015 | 22:35 GMT by
Adil Siddiqui
FXCM Volumes Shine in December Maintaining $20 Billion Plus Retail ADV
- Listed currency broker, FXCM, saw positive trading volumes during the month of December. Overall retail forex volumes were in the green on a monthly and yearly basis, with a slight dip in monthly institutional volumes.
Tuesday, 13/01/2015 | 21:29 GMT by
Adil Siddiqui
Armada Markets Exits Retail Market, Clients Moved to Off-Shore Entity
- The website domain of Seychelles-regulated Tickmill was registered on July 2014, which may indicate it is a new legal entity meant to absorb the Estonian broker's retail forex and CFD business.
Tuesday, 13/01/2015 | 15:14 GMT by
Avi Mizrahi
Canadian Dollar's Rapid Decline Prompts Trading Margin Requirement Hike in Canada
- The Canadian self-regulatory organization IIROC, has issued an announcement about a pending increase in margin requirements on some foreign exchange pairs affected by the recent slump in oil prices.
Tuesday, 13/01/2015 | 10:54 GMT by
Victor Golovtchenko
GAIN Capital Retail Trading Volumes Rise 6.8% in December
- Institutional metrics have also risen, albeit at a more modest pace, as significant fundamental developments have cause increased volatility relating to future prospects for the single European currency.
Monday, 12/01/2015 | 12:45 GMT by
Victor Golovtchenko
IronFX Chinese Traders Storm Offices Demanding Money Back
- The latest protest has reportedly erupted after a trader threatened an executive at knifepoint. IronFX: "Any purported 'complaints' are defamatory and may be linked with rumors about the company's IPO."
Monday, 12/01/2015 | 11:11 GMT by
Avi Mizrahi
December Trading Volumes at Saxo Bank 4% Lower amid Seasonal Factors
- A slight decrease in trading activity at the Danish brokerage can be attributed to the typical December slowdown in activity while clients' collateral deposits have consolidated at around $11.1 billion.
Monday, 12/01/2015 | 06:31 GMT by
Victor Golovtchenko
MFX Broker Aims to Bridge the Gap between Trading and Social Networking
Friday, 09/01/2015 | 16:28 GMT by
Victor Golovtchenko
Italian Regulator CONSOB Christens IronFX Branch in Milan
- On the heels of an unprecedented year of expansion and opening of new offices, IronFX has been granted authorization from Italian regulator Commissione Nazionale per la Societá e la Borsa (CONSOB) for a branch in Milan.
Friday, 09/01/2015 | 15:53 GMT by
Jeff Patterson
FOMC Minutes Uneventful, US Dollar Treading Water before Payrolls Data
- While some market participants expected a lot from this month's Federal Reserve Open Market Committee minutes, the board of governors had different thoughts in mind as the release fell short of providing any clues.
Wednesday, 07/01/2015 | 21:39 GMT by
Victor Golovtchenko
Belarus Scraps Foreign Exchange Purchase Tax for Companies
- The Belarusian government has also reduced the rate which residents pay to 10% from 30%, while the local Belarusian ruble was devalued by 15% in two steps undertaken by the local central bank.
Wednesday, 07/01/2015 | 20:03 GMT by
Victor Golovtchenko
FXCM Europe's CEO Predicts EUR/USD to Go Below Parity in 2015
- According to Brendan Callan's audacious prediction, the drastic imbalance between certain eurozone members will lead to the first country leaving the currrency, while the EUR/USD will hit 0.90.
Wednesday, 07/01/2015 | 13:46 GMT by
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