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Retail FX

After 6 Years Global Brokerage Settles for $6.5m in Class Action

Global Brokerage's case against its former investors began in 2017.
After six years, the brokerage decided to settle for 37% of the potential damage suffered by traders.

Monday, 06/02/2023 | 12:06 GMT by Damian Chmiel

Executives

FXCM CIO, Ryan Leonard, Departs After 18 Years

Leonard started his professional career at FXCM.
Now he wants to try his hand at independent consulting.

Wednesday, 18/01/2023 | 10:18 GMT by Damian Chmiel

Executives

OANDA Onboards FXCM’s Jessica Beckstead as MD, North America; CEO, US

Beckstead left FXCM after 18 years to take up the role.
She was previously FXCM’s MD of Global Head of Sales & Customer Success, and the CEO of Australia.

Monday, 12/09/2022 | 18:58 GMT by Solomon Oladipupo

Brokers

Global Brokerage’s Net Revenue Surges 22% to $37.8 Million in Q2 2022

The company recorded $31.1 million in net revenue during Q1 2022.
Global Brokerage posted a big collapse in net loss during the past quarter.

Friday, 12/08/2022 | 22:33 GMT by Solomon Oladipupo

Retail FX

FXCM Decreases Spreads on Major Currency Pairs, AUD/USD Down by 54%

New pricing is geared at making FXCM 'more competitive than ever before'.
GBP/AUD and EUR/JPY pairs got the smallest reductions.

Monday, 25/07/2022 | 16:38 GMT by Solomon Oladipupo

Executive Moves

FXCM Hires Paul Gyles as Chief Marketing Officer

He previously worked with IG as the Global Marketing Director.
He will focus on the broker’s branding and marketing strategies.

Monday, 18/07/2022 | 09:37 GMT by Arnab Shome

Retail FX

Global Brokerage Sees Total Net Revenues of $31.11M during Q1 2022

The company is the owner of FXCM.
The report is an unaudited consolidated statement of financial condition.

Thursday, 05/05/2022 | 01:13 GMT by Felipe Erazo

Executive Moves

Zenfinex Has Chosen Jeffrey Navarro as Its Head of LATAM

Navarro brings around twelve years of financial experience to the role.
He is proficient in negotiations, sales and derivatives trading and more.

Thursday, 17/03/2022 | 08:17 GMT by Tom Hazan

Executive Moves

ROSTRO Appoints John Murphy as Global Head of Retail Operations

Murphy brings around fifteen years of sales experience from senior executive roles.
In the new placement, he will be located in London, UK.

Tuesday, 01/03/2022 | 12:29 GMT by Tom Hazan

Thought Leaders

FXCM Pro Focusing on Future as Innovation Drives FX industry in 2022

FXCM’s innovation has established itself as a leading provider of FX and CFD trading.

Thursday, 17/02/2022 | 12:42 GMT by FXCM Pro

Executive Moves

Zenfinex Has Recruited Michel Chabbouh as CEO MENA to Head Its UAE operations

Chabbouh brings more than fourteen years of experience in Forex and banking.
He will head the company’s UAE-based operations as the new CEO MENA.

Wednesday, 16/02/2022 | 11:47 GMT by Tom Hazan

Executive Moves

GKPro Appoints Adam Dougali as New Chief Executive Officer

GKPro names a new CEO as the firm looks to deliver better.

Thursday, 09/12/2021 | 08:56 GMT by Finance Magnates Staff

Brokers

FXCM Reports Total Net Revenues of $24.40M during Q3 2021

For a nine-month period, Global Brokerage, Inc. (FXCM) reported a comprehensive loss of $28.10 million.

Friday, 12/11/2021 | 23:13 GMT by Felipe Erazo

Executive Moves

Advanced Markets Hires Jack Saidy as its Partnership/Retention Sales Director

Saidy brings almost a decade of experience in forex and fintech companies.

Thursday, 11/11/2021 | 14:54 GMT by Tom Hazan

Prime Brokerage

FXCM Pro and Integral Launch a Centrally Cleared CFDs Platform

Both the companies are integrating their services for the new platform.

Wednesday, 10/11/2021 | 09:31 GMT by Arnab Shome

Executive Moves

Tim Rudland Announces Departure from FXCM Pro

The former Vice President Institutional Sales at FXCM Pro has joined Liquidity.net.

Tuesday, 02/11/2021 | 06:50 GMT by Bilal Jafar

Brokers

FXCM Announces the Expansion of Its CFD Offering

The broker has increased its French, German and UK CFD share offerings.

Monday, 18/10/2021 | 11:46 GMT by Bilal Jafar

Brokers

FXCM Broadens Product Line Adding Australian Share CFDs

The broker will not charge any commission or market data fee for trading with these instruments.

Wednesday, 25/08/2021 | 06:32 GMT by Arnab Shome

Brokers

FXCM UK Generates $4.9 Million Profit in 2020 with Volatility Boost

The revenue of the broker in the period came in at $15.46 million

Monday, 26/07/2021 | 06:23 GMT by Arnab Shome

Brokers

FXCM Expands Product Offering with Social and Copy Trading Services

The broker has formed a partnership with the ZuluTrade platform.

Thursday, 01/04/2021 | 09:01 GMT by Bilal Jafar

Brokers

Bitcoin Spread on FXCM Soars as Market Remains Volatile

The average spread offered on BTC/USD doubled in a month.

Thursday, 11/03/2021 | 16:07 GMT by Arnab Shome

Trading

Crypto Spreads Increase on FXCM Platform as Bitcoin Skyrockets

FXCM Group charged its traders on average 53.2 pips on the BTC/USD pairing, which is up from 33.9 pips in December 2020.

Wednesday, 24/02/2021 | 17:11 GMT by Aziz Abdel-Qader

Products

FXCM Adds Seven More Stock Tracking Baskets

The broker first launched such products in May 2020.

Tuesday, 02/02/2021 | 10:50 GMT by Arnab Shome

Trading

FXCM’s Bitcoin Spreads Rise Slightly Amid Price Volatility

Price volatility led to much wider spreads than usual while margin requirements increased on trading platforms.

Wednesday, 27/01/2021 | 20:21 GMT by Aziz Abdel-Qader

Brokers

FXCM Chats with Clients Compromised in Cyber Attack

FXCM CEO told Finance Magnates that company is examining the sources of the hack and the scope of the information leaked.

Wednesday, 13/01/2021 | 16:52 GMT by Aziz Abdel-Qader

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