brokers
CFTC FCM Data: US Retail Forex Funds Drop 2% in August, Interactive Brokers Steady
- GAIN Capital lost the most and FXCM kept increasing its market share, now firmly holding a third of the total U.S. foreign exchange market, while IB’s market share rose by a full percentage point to 7%.
Wednesday, 15/10/2014 | 22:10 GMT by
Victor Golovtchenko
Alpari Russia Reports Mild Volumes Increase While Industry Peers Enjoy Volumes Bonanza
- The broker reports a 14% rise in monthly volumes and an 18% year-on-year decline. As the FX market left hibernation in September, market conditions provided a mild harvest for Alpari compared to a glut for most other trading venues.
Wednesday, 15/10/2014 | 10:00 GMT by
George Tchetvertakov
Plus500 Granted CySEC License to Provide Financial Services in Cyprus
- Following an exclusive report on the broker opening office on Cyprus in August, Plus500 has been officially approved by the CySEC watchdog as an investment firm, following the assistance of consultant Map S.Platis.
Tuesday, 14/10/2014 | 09:22 GMT by
Adil Siddiqui
Exclusive: London Capital Group Holdings Details Its Market Share Expansion Plans
- Forex Magnates reporters spoke exclusively with LCG’s new Executive Chairman, Charles-Henri Sabet, and the company’s new Head of Sales and Trading, Francois Nembrini, about the new market niche on which LCG is focusing.
Monday, 13/10/2014 | 10:16 GMT by
Victor Golovtchenko
FCA Issues Warning Against 'B2S Forex' and Encourages Investors to Avoid Unregulated Entities
- The FCA issues a new warning against another start-up FX broker operating without a license. This time, the perpetrator is not camouflaged in the City of London, but rather a leafy village in Leicestershire.
Monday, 13/10/2014 | 06:06 GMT by
George Tchetvertakov
Monarch FX and Quinten Hunter Banned From FX Crucible as ASIC Calls Foul and a Miss
- 'Wizard of Oz' Quinten Hunter temporarily banned by ASIC as the regulator starts court proceedings against Monarch FX for offering inappropriate advisory services and operating without a suitable license.
Monday, 13/10/2014 | 03:18 GMT by
George Tchetvertakov
Breaking: FXCM Australia Introduces Raw Spread Forex Pricing Model
- The new raw spread and commission model introduced by FXCM aims to reduce retail trading costs by more than 50%. The switch underlines just how compressed FX pricing has become in a fiercely competitive market.
Monday, 13/10/2014 | 00:23 GMT by
George Tchetvertakov
Exclusive: Bulgarian FX Broker Trading 212 Aka Avus Capital Lands UK Authorization
- Avus Capital, a Bulgarian-origin multi-asset brokerage firm has extended its global network by setting-up a UK regulated firm. The broker that operates Trading 212 is authorised by the Financial Conduct Authority.
Friday, 10/10/2014 | 17:56 GMT by
Adil Siddiqui
September Trading Activity on the Rise at GAIN Capital, Retail & Institutional up 30%
- Listed broker dealer, GAIN Capital, has seen a surge in activity in its retail FX unit in September on a YoY basis. Overall volumes in both the retail and institutional division were up 30% and 28% respectively.
Thursday, 09/10/2014 | 20:37 GMT by
Adil Siddiqui
FXPRIMUS September Volumes Jump 130% YoY, Yields $40.02Bln in Transactions
- Mauritius-based FXPRIMUS Ltd has reported its trading volumes for the month ending September 2014 (130% growth YoY), topping of what has been an incendiary Q3 to the tune of a 25% YoY growth.
Thursday, 09/10/2014 | 20:17 GMT by
Jeff Patterson
Breaking: OANDA Shuts down Currensee's Trade Leaders Program Amid Strategic Review
- FX brokerage firm, OANDA, will be terminating its copy trading offering, the Trade Leaders Program, at the end of this month. The firm entered the world of social trading after acquiring Currensee thirteen months ago.
Thursday, 09/10/2014 | 18:31 GMT by
Adil Siddiqui
Boston Technologies Launches CFD Trading on FIX API 4.4, Adds Support for XW Trader
- The company has also fully integrated Forexware's XW Trader solution and added support for fill-or-kill orders used by professional investors to get complete fills on large ticket sizes instead of partial execution.
Wednesday, 08/10/2014 | 23:07 GMT by
Victor Golovtchenko
Exclusive: BCS Integrates Binarystation’s Platform, Launches New Binary Options Offering
- BCS has launched a new binary options trading offering, integrating the Binarystation platform and helping cement the relationship between the Russian financial institution and Binaryware LLC.
Wednesday, 08/10/2014 | 14:51 GMT by
Jeff Patterson
cTrader Becomes Multi-Asset Platform as Spotware Partners with GAIN Capital to Offer CFDs
- Brokers using cTrader will now be able to offer their customers prices on sixteen cash index CFDs, and the platform provider says there are already plans to expand the range to Equity and Futures CFDs.
Wednesday, 08/10/2014 | 10:17 GMT by
Avi Mizrahi
Armada Markets Reports Record Trading Volume of $20.5 Billion in September
- The broker additionally claims that during 2014 it has continued to grow rapidly in terms of client numbers, average monthly trading volumes and active markets where it participates but did not provide any figures.
Wednesday, 08/10/2014 | 08:33 GMT by
Avi Mizrahi
Traders Aim to 'Sqore' Wins under News & Analysis Service Launched by Swissquote
- Swissquote is the latest financial services provider of currencies and CFDs to launch a dedicated information service. The new solution, Sqore, offers institutional level trading ideas in major financial instruments.
Tuesday, 07/10/2014 | 21:26 GMT by
Adil Siddiqui
Where Is My Money? Shunned Investors Search for Relief - CollectiveFX Goes AWOL
- Distraught clients of CollectiveFX have taken it upon themselves to reclaim funds held at the dissolved firm. Investors have started an online-vigilante to recover money believed to be in the millions of dollars.
Tuesday, 07/10/2014 | 18:51 GMT by
Adil Siddiqui
Saxo Bank “Likes” TradingFloor as Visitors up over 150% since Launching Social Trading
- Since launching TradingFloor as a social trading platform, Saxo Bank has experienced 150% growth of monthly visitors on the platform illustrating the product's rising interest among the broker's customers.
Tuesday, 07/10/2014 | 16:43 GMT by
Ron Finberg
You Were Warned! Ukrainian Broker MMCIS Limits Withdrawals as Part of Anti-Crisis Measures
- After reported allegations against the broker it issued an emergency anti-crisis program to "stabilize the company under a raider attack and eliminate panic" including increasing its number of lawyers and security.
Tuesday, 07/10/2014 | 15:28 GMT by
Avi Mizrahi
FXTM Expands Range of Trading Instruments; Focuses on Yuan and Gold
- FXTM expands its product range to appeal to clients' changing tastes and preferences, driven by macroeconomic developments worldwide.
Tuesday, 07/10/2014 | 11:03 GMT by
George Tchetvertakov
IFC Markets Launches New Gold Linked Products on NetTradeX
- IFC Markets launches a brand new set of Gold markets linked to the Australian Dollar, Chinese Yuan and Japanese Yen. Gold traders now have an extended list through which to speculate on the value of yellow metal.
Tuesday, 07/10/2014 | 10:18 GMT by
George Tchetvertakov
NYSE Integrates Cinnober for Its Regulatory Technology Provisions
- The NYSE Group has announced that its NYSE Regulation operations has selected Cinnober for its technology provisions as it looks to expand its market surveillance and enforcement program for its exchanges.
Tuesday, 07/10/2014 | 09:34 GMT by
Jeff Patterson
Leverate Partners with CWM FX to Provide Brokerage Services to B2B Clients
- Partnering with CWM FX to create a new Cyprus broker, Leverate will be expanding its services to B2B customers to include licensing, compliance, payment processing and risk management solutions.
Monday, 06/10/2014 | 14:29 GMT by
Ron Finberg
Maltese Financial Services Authority Issues Public Warning Regarding Ukrainian Broker MMCIS
- Following on from last week's 'Information War', this week MMCIS faces a public warning from the Maltese Financial Services Authority (MFSA). When it rains, it pours.
Monday, 06/10/2014 | 12:50 GMT by
George Tchetvertakov
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