fxcm
FXCM Q3 Conference Call Review: CFDs, Forget about M&A, US Revival and FastMatch
- FXCM shares declined 5% following their earnings report last week. The bottom line from their conference call to analysts is that they can't forecast on future earnings but are expanding in existing markets.
Sunday, 09/11/2014 | 12:19 GMT by
Ron Finberg
FXCM Revenues Increase 3% YoY during the Third Quarter
- Leading multi-asset trading firm FXCM reported its third quarter earnings for 2014. The listed broker saw an uptake in revenues, however data for the first 9 months of the year was lower on a year-on-year basis.
Thursday, 06/11/2014 | 22:25 GMT by
Adil Siddiqui
Breaking: FXCM Reports October 2014 Metrics, Retail Volume Jumps to Record $509Bln
- Multi-asset brokerage firm, FXCM has just released its October 2014 operating metrics, highlighted by record retail customer trading volume of $509 billion, up 62% YoY from October 2013.
Thursday, 06/11/2014 | 21:27 GMT by
Jeff Patterson
FXCM Set to Benefit from Equinix's New $43Mln Data Center in Tokyo's Financial District
- The firm announced that over 60 financial services companies, including FXCM, have already expanded into Tokyo to connect to Equinix's established ecosystem. TY5 will have direct fiber connectivity to the TY3 center.
Thursday, 06/11/2014 | 09:26 GMT by
Avi Mizrahi
October Forex Industry Review: GAIN Capital Hunts, EBS Rebounds and Bitcoin Millionaires
- Rising volatility allowed ICAP's trading platform to fare exceptionally well, but there is no guarantee for a continued growth. Meanwhile, bitcoin-related investments may sow the seeds for a new financial world.
Sunday, 02/11/2014 | 12:58 GMT by
Ron Finberg
Which Broker Was Fined and Whose Traders are Most Profitable? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about: A $118 million acquisition agreement, major broker relaunching Bitcoin binary options and our exclusive US profitability report.
Sunday, 02/11/2014 | 11:45 GMT by
Avi Mizrahi
Exclusive: InteractiveBrokers' Customers Most Profitable in Q3 2014 US Forex Profitability Report
- The Forex Magnates Q3 2014 US Profitability Report showed an increase in active traders in the country. Overall customer performance declined, but customers at InteractiveBrokers did well in Q3.
Tuesday, 28/10/2014 | 14:37 GMT by
Ron Finberg
FXCM to Pay $180,000 Penalty for Unregistered Trades to Canadian Provincial Regulators
- The NYSE listed brokerage has agreed to pay a penalty of $180,000, of which $22,000 will be paid to the New Brunswick's Financial and Consumer Services Commission - recently established by the provincial government.
Monday, 27/10/2014 | 09:09 GMT by
Avi Mizrahi
Breaking: DMM FX Australia Adopts "Ultra-Low Fixed Spreads" on All Trading Pairs
- The move raises the question: did FXCM start a new price war between brokers in Australia last week when it switched to a raw spreads model and how low can profits go if brokers will be forced to compete on spreads?
Wednesday, 22/10/2014 | 16:21 GMT by
Avi Mizrahi
Strong Summer Trading Boosts Earnings at E*TRADE for Q3 Net Income at $86 Million
- Listed financial services provider, E*Trade, reports positive operating metrics for the third quarter of 2014. The brokerage firm announed strong figures in its net income and net revenue.
Tuesday, 21/10/2014 | 22:17 GMT by
Adil Siddiqui
Social Trading Portal Raises $260K in Seed Funding From Quantic’s Brokerage AFX Capital
- Quantic Asset Management & AFX Capital have joined the social trading phenomena by investing in TopTradr, the professional trading platform has raised $260,000 in seed capital as it aims to strengthen its business.
Thursday, 16/10/2014 | 18:02 GMT by
Adil Siddiqui
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
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
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
Who Jumped from FXCM to LCG and Which Platform Added CFDs? Read Our Best Stories of the Week
- Forex Magnates spotlights the recent industry’s news you must know all about, from one major broker dumping its own social trading offering to another major broker becoming a CFDs liquidity provider and more.
Sunday, 12/10/2014 | 09:11 GMT by
Avi Mizrahi
September Forex Industry Review – Draghi Picks up New Fans While FXCM and Monex Deal
- In this month's industry review we take a look at September's major headlines and some lesser known but important news points that took place in the period. Overall, everyone loved the ECB's Draghi.
Thursday, 02/10/2014 | 08:49 GMT by
Ron Finberg
Which Broker Cut Spreads and Whose Shares Dropped? Read Our Best Stories of the Week
- Forex Magnates brings you the highlights of the trading industry with trends every player should know about. This week on the agenda are some of the major brokers, and an in-depth look of Binary Option in Australia.
Sunday, 28/09/2014 | 16:01 GMT by
Avi Mizrahi
Exclusive Sneak Peek: NetDania’s Five Star HTML5 Chart & New Mobile Trading Platform
- NetDania is working on implementing live mobile trading with FXCM and CFH Clearing in the coming months, which will move the highest rated financial app to a whole new level as it will provide live trading.
Thursday, 25/09/2014 | 12:03 GMT by
Victor Golovtchenko
FXDD Slapped with Another $600,000 Related to More Undercapitalization Discoveries
- Forex Magnates reported earlier this month about a National Futures Association (NFA) complaint which was served to the company and its CEO Joseph Botkier, which was related to more undercapitalization occurrences.
Wednesday, 24/09/2014 | 18:40 GMT by
Victor Golovtchenko
Monex Expects $14 Mln Drop in US Income after Selling MT4 Business to FXCM
- The Japanese group explained most of the loss will be recorded in the 2nd quarter and it expects the "goodwill" of the U.S. segment to change from $97 million to a forecast of $83 million after the transfer.
Wednesday, 24/09/2014 | 06:34 GMT by
Avi Mizrahi
As FXCM Sweetens Pricing Terms of Former IBFX Customers, a Greater Industry Trend Emerges
- As IBFX US account holders are transferred to FXCM, they were greeted with a surprise yesterday of reduced trading fees. Monex's exit from MT4 and FXCM's actions portray an emerging trend in the industry.
Tuesday, 23/09/2014 | 12:04 GMT by
Ron Finberg
Breaking: FXCM Introduces Raw Spreads for US Clients, Adopts an Agency Pricing Model
- FXCM introduces a new pricing model offering raw forex spreads, reducing trading costs for its US customers on average by 50% on top 14 currency pairs, implementing tighter spreads and commission pricing.
Monday, 22/09/2014 | 13:12 GMT by
Victor Golovtchenko
Equity Investors Betting on Volatility Continuing as FXCM and GAIN Capital Shares Rallying
- Nothing like a little some volatility to raise the spirits of everyone in the forex industry. Investors have also jumped on the volatility bandwagon, having pushed up prices for FXCM and GAIN Capital.
Tuesday, 16/09/2014 | 13:51 GMT by
Ron Finberg
July CFTC FCM Data Reveals Retail Forex Funds Growing at GAIN Capital, OANDA and FXCM
- Total Retail Forex Funds rose by $41,413,312 in July when compared to the previous month, with the top three retail forex brokerages in the US GAIN Capital, FXCM and OANDA registering substantial rises.
Thursday, 11/09/2014 | 19:43 GMT by
Victor Golovtchenko
Robert Babich Joins FXCM as Director of Proprietary Trading
- Robert Babich, a senior currencies trader at Commonwealth Bank of Australia (CBA), has left the bank and joined NYSE-listed online retail FX broker FXCM. He previously worked as a managing director at HSBC and NAB.
Thursday, 11/09/2014 | 07:11 GMT by
Avi Mizrahi
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