brokers
Saxo Bank February Trading Volumes down 13% Despite Rise in Deposits
- Total monthly volumes came in at just $264 billion for February, down 13.2% from the January's total of $304 billion. The lower number of business days played a role in the decrease of the monthly figures.
Monday, 03/03/2014 | 10:18 GMT by
Avi Mizrahi
Lower Margin Requirements with FXCM's New Micro CFDs
- FXCM has reported that it has expanded its CFD product range to accommodate traders looking for low cost margins. The listed broker has launched micro CFDs on a range of instruments including equity indices and commodity contracts.
Monday, 03/03/2014 | 00:40 GMT by
Adil Siddiqui
IFC Markets Adds Hybrid Tool for Traders to Create CFD-Like Indexes
- With various regulated brands under the UK-based IFCM Group, the latest subsidiary - IFC Markets - has announced a major upgrade to its NetTradeX Platform with a unique tool: the Personal Composite Index (PCI).
Friday, 28/02/2014 | 13:57 GMT by
Steven Hatzakis
GAIN Capital Released Q4 Metrics, Net Revenue Increased by 37% over Q3
- The retail OTC FX trading volume reached $508.0 billion for GAIN Capital in the fourth quarter of 2013, a considerable increase of 28.7% from the third quarter's retail trading volume of $394.8 billion.
Thursday, 27/02/2014 | 13:20 GMT by
Avi Mizrahi
17.4% of Plus500 Shares up for Sale as Founders Propose Secondary Offering
- With shares of CFD broker Plus500 at an all-time high, the company has announced a proposed secondary offering by founders. Up for sale will be 20 million shares are 500p, for a total of £100 million.
Thursday, 27/02/2014 | 08:11 GMT by
Ron Finberg
Exclusive: OANDA’s CEO Eger Wants to 'Disrupt' Forex Market with Innovative Technology
- Forex Magnates interviews the former head of PayPal's North American business, previously CEO of Citibank's International Cards business, with an exclusive insight into his new role as CEO of a global retail Forex broker.
Wednesday, 26/02/2014 | 14:13 GMT by
Steven Hatzakis
FXCM UK Announces $16.9 Million Settlement with FCA for Asymmetric Slippage
- Following the reporting of a loss reserve of $15 million in relation to FCA investigation during its Q3 2013 financials report, FXCM has announced that they have reached a $16.9 million settlement with the regulator.
Wednesday, 26/02/2014 | 11:09 GMT by
Ron Finberg
OANDA Expands UK Operation
- After three years of changes at the highest levels, OANDA now reports that the time is right to execute its new strategy at its London office, and confirms that it is employing a number of new business development staff members.
Tuesday, 25/02/2014 | 20:10 GMT by
Adil Siddiqui
Financial Commission Releases Semi-Annual Report on FX, Expansion Eyed in 2014
- The Financial Commission, a third-party dispute and resolution entity specializing in forex, has released its semi annual report, highlighted by a growing list of members and expansionary initiatives.
Tuesday, 25/02/2014 | 17:51 GMT by
Jeff Patterson
Swiss Finance Corporation Partners with Ariel to Offer Spread Betting and Retail FX Trading
- The institutional currency broker which until now have focused exclusively on "tier one clients," like FX funds and small banks, is now aiming at the global retail Forex market for growth and expansion.
Tuesday, 25/02/2014 | 12:34 GMT by
Avi Mizrahi
Monex Net Revenues Drop 14.3% in January, Expenses Skyrocket 43.4%
- Despite the fact that the Japanese Monex Group's January FX Volumes have been the highest in six months, the financial results for the group were disappointing with operating revenues down 9.3% M-o-M.
Tuesday, 25/02/2014 | 10:41 GMT by
Avi Mizrahi
Maltese Regulatory Watchdog Warns That Merex Markets Not Licensed with MFSA
- The Malta Financial Services Authority warns against MerexMarkets.com, an apparently unregulated broker with offices in Cairo and Tbilisi, advising the public that the firm is neither registered nor regulated in Malta.
Monday, 24/02/2014 | 11:34 GMT by
Steven Hatzakis
Canada’s FINTRAC Imposes Fine on Questrade for Serious AML Breaches
- Canada’s regulatory authority that governs money laundering has reported details of a fine it imposed on Toronto based broker, Questrade, in 2011. The broker was found guilty of breaching nine serious rulings.
Saturday, 22/02/2014 | 19:33 GMT by
Adil Siddiqui
AvaTrade Launches HushTrade.com Portal, and New Binary Options Offering Is Live
- The educational website employs experienced traders to teach their methods in a forex blog style dedicated offering, and Ava Trade's PowerTrade.eu website is live for its binary options offering, following prior reports.
Thursday, 20/02/2014 | 21:40 GMT by
Steven Hatzakis
Fidessa Group Co-Locates with SGX Data Center, Adds First Vietnamese Broker
- Global investor and buy-and sell-side solutions specialist Fidessa Group has opted to co-locate with SGX – furthermore the group has fortified its network by adding its first Vietnamese Broker, VN Direct.
Thursday, 20/02/2014 | 00:58 GMT by
Jeff Patterson
Royal Mail IPO Boosts Activity in the UK Market
- Investors in the UK welcomed the recent Royal Mail IPO which saw an influx of activity during the former government-owned firm’s listing. The IPO of the UK’s main postal provider is the largest since the 2008 global recession.
Wednesday, 19/02/2014 | 19:25 GMT by
Adil Siddiqui
XM.com Gains ASIC Authorization Under a Subsidiary in Its Parent Company Structure
- The trading name XM.COM, belonging to Trading Point Holdings Ltd, which wholly owns several regulated entities offering online retail brokerage services around the world, just added an ASIC-approved entity to its list.
Wednesday, 19/02/2014 | 14:44 GMT by
Steven Hatzakis
Alpari RU Sees January Volumes Hit $136.6 Billion, up 4.1% from 2013 Monthly Average
- With a key share of volumes among the Alpari group of companies, from its clients across Russia and the Commonwealth Independent States (CIS) region, Apari RU reports January up $5.4 billion over its 2013 monthly average.
Wednesday, 19/02/2014 | 08:35 GMT by
Steven Hatzakis
Plus500 Crushes Q4 Financial Results, Shares Higher, Considers Main Market Listing on LSE
- Plus500 shares are at an all-time high this morning as the broker has posted full year revenue of $115.1 million and net profit of $50.6 million, which were higher by 105% and 196% respectively from 2012.
Wednesday, 19/02/2014 | 08:23 GMT by
Ron Finberg
OANDA Adds Chinese Language Support to fxTrade Mobile App as Usage Increases
- The global broker operating under the OANDA brand, has added Chinese language support to its fxTrade mobile platform app, in response to a higher percentage of Chinese speakers logging in to its mobile platform.
Wednesday, 19/02/2014 | 07:51 GMT by
Steven Hatzakis
CySEC Addresses FX Inconsistencies with EMIR Reporting, Temporary Lapses
- CySec has released a statement to Cyprus Investment Firms and UCITS Management Companies regarding the inconsistencies of EMIR regulatory matters with regards to fx, coupled with trade repository lapses.
Tuesday, 18/02/2014 | 18:39 GMT by
Jeff Patterson
Invast Securities Focuses on Risk Management with Launch of TriAuto
- Do retail forex traders need to be forced to apply risk management rules to become more successful? Japanese Invast Securities thinks so as they launch a new risk management focused trading platform called TriAuto.
Tuesday, 18/02/2014 | 09:35 GMT by
Ron Finberg
Ready, Set, iFX EXPO! Cyprus Set to Welcome the Biggest B2B Event in FX, Find Out When
- After numerous successful events hosted across the globe, iFX EXPO International returns to Cyprus for the 3rd time, where some 1,500 Forex brokerage industry representatives will converge, and meet with exhibitors.
Monday, 17/02/2014 | 17:57 GMT by
Steven Hatzakis
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