Forex Broker News Archive - Jan to Mar 2015

HotForex Launches HF Social, an Advanced Social Trading Service

30 Mar 2015, Port Louis, Mauritius - PRNewsWire - The new HF Social Traders Network is the latest release from award-winning online broker HotForex, offering clients the flexibility to follow, copy and connect with other traders via a highly intuitive social trading interface. HotForex announces the launch of HF Social, an innovative social trading service that gives clients access to the trading portfolios of more than 250K traders. HF Social . . .

FxPro Releases SuperTrader App for iOS Devices

27 Mar 2015, Limassol, Cyprus - LeapRate - FxPro, the retail Forex and CFD broker, has been on a roll lately if it comes to launching new services and improving trading conditions. The broker's commitment to providing its clients with cutting-edge services has manifested itself in the launch of an iOS application for mobile trading on its award-winning investment platform SuperTrader. Those among LeapRate's readers who have a passion for social . . .

ETX Capital Acquires Alpari UK Client Base

26 Mar 2015, London, UK - AtoZ Forex - The latest news on Alpari UK comes as a rather warm surprise. KPMG's appointed special administrators of the broker are spear headed by Richard Heis, Samantha Bewick and Mark Firmin. Reportedly, they are certainly making heads way, as it announced the confirmation of sale of about 160,000 client data for an undisclosed amount to ETX capital.

Alpari , the Largest Forex Broker in Russia, Registers 1,000,000th Client

25 Mar 2015, Russia - Market Leader - These days a historical event happened at Russian Forex market largest Forex broker in Russiaand CIS Alpari has officially registered a millionth client. Therefore, the company has set another record, which, judging by dynamics of its development, will not be beaten soon by its rivals. As stated by representatives of Alpari, a trader from Vologda Leonid Lemeshev has become the company's millionth client. He . . .

ADS Securities Adds New Suite of Post Trade Services to OREX Platform

24 Mar 2015, Abu Dhab, UAE - LeapRate - In addition to the new "plug and play" interfaces which comprise the upgrade to the OREX platform, a new FIX Drop Copy Feed for clients looking to service their complex risk management and back office functions has been added. Abu-Dhabi based global brokerage ADS Securities has upgraded all of its FX post trade services. The latest release of its proprietary trading technology, OREX, now offers full front to . . .

ThinkForex Acquires Admiral Markets' Dubai Office

24 Mar 2015, Dubai, UAE - LeapRate - ThinkForex, a global leader in forex, metals and CFD trading, announces the acquisition of a new office in Dubai to service the Middle East region. The Dubai office will be led by Mahmood Allaham, who will be taking on the role of Managing Director MENA. The new office will be planning to provide information services to existing and new clients in the MENA region, whilst being a member of the DGCX.

DMM FX Neglects ASIC and Launches Higher Leverage Options

23 Mar 2015, Sydney, Australia - AtoZ Forex - In contradiction with the morning's news item of ASIC, where the regulatory body is contemplating to reduce the FX Leverages down to an undisclosed maximum, along with the restricting more license applicants that offer extremely high leverage amounts. One of Australia's largest forex brokers, DMM FX has just recently announced a contrasting message, since the brokerage introduced a wide range of new . . .

FXCM Updates Negative-Balance Policy to Cover First $50,000

20 Mar 2015, New York, NY, USA - Wall Street Journal - Foreign-exchange broker to offer clients protection for the first $50,000 of losses over a 24-hour period. FXCM Inc. on Friday updated its negative-balance policy, offering clients protection for the first $50,000 of losses over a 24-hour period. Clients will be responsible for negative balances-aggregated across all FXCM accounts-above that amount, regardless of market conditions. A . . .

Singapore's TradeHero Partners with Global Forex Broker OANDA

19 Mar 2015, Singapore - PRNewsWire Asia - TradeHero partners with OANDA to launch virtual currency and precious metal trading. Trade 10 major currencies, gold and silver virtually. TradeHero, the world's leading financial learning and stock market simulation app, has linked platforms with OANDA, a leading online forex broker and provider of innovative forex exchange services, to bring virtual currency and precious metals trading to . . .

IKON Upgrades Proprietary Platform "One for All"

19 Mar 2015, Hong Kong - AtoZ Forex - The leading FX and CFD products provider, IKON, has notified the public of their recent product release. Namely, a new version of its prodigy platform, as many firms are now laying emphasis on developing proprietary platforms. The new version of this platform is of great benefit to multi-asset FX traders, since it offers traders different trading products ranging from spot market to Forwards, Bullion, Options . . .

IG Under Fire from Clients with Huge Negative Balances

19 Mar 2015, London, UK - FX-Week - Customers log complaint with Financial Conduct Authority and hire legal counsel in EUR/CHF case. IG has come under attack from a group of clients who claim their "disastrous" losses on EUR/CHF are the result of the retail FX broker's trading platform failing and its inability to provide best execution to everyone. The allegations centre around the 30% drop in EUR/CHF on January 15, after the Swiss National Bank . . .

City Of London Wealth Management Awards Recognises FxPro as Best FX Service Provider

18 Mar 2015, London, UK - PRNewsWire - For the second year running FxPro has been recognised as Best FX Service Provider at the prestigious City of London Wealth Management Awards (COLWMA). The ceremony was hosted by Natasha Kaplinsky at London's Guildhall in the heart of the City and attended by some of the leading names in wealth management and finance. . . .

ACFX Wins FxCuffs "Most Innovative Broker" Award

18 Mar 2015, Limassol, Cyprus - PRNewsWire - ACFX has been awarded the "Most Innovative Broker" Award at the closing ceremony of the Prestigious FxCuffs Forex Expo held at the ICE KRAKOW Congress Centre. FxCuffs is the biggest Forex Expo held in Poland bringing together some of the best known names in Forex Industry. . . .

Hirose Japan to Raise up to $135.5 million in JASDAQ IPO

17 Mar 2015, Osaka, Japan - Finance Magnates - The company has priced its offering at a mid range of 830 yen per share. Osaka based Japanese forex and binary options broker Hirose Tusyo Inc. , which also has a UK subsidiary, has announced that it is aiming to raise up to $135. 5 million as it gets listed in Japan. The company has been authorized to issue up to 18,124,000 shares and will be trading on the Japanese Stock Exchange starting from . . .

FCA and IG Group Discuss Post SNB Actions Due to Abundant Complaints

17 Mar 2015, London, UK - AtoZ Forex - The Financial Conduct Authority, UK's watchdog, have been in discussion with IG Group Holdings Inc. , upon the measures and handlings the broker took in the reluctant aftermath of the SNB Black Swan. IG Group CEO, Mr. Tim Howkins made it publicly known that the discussions with the UK FCA commenced recently and that it is still in the initial phase.

Interactive Brokers Rated #1 Online Broker by Barron's for the Fourth Year in a Row

12 Mar 2015, Greenwich, CT, USA - Interactive Brokers Press Release - Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) was awarded top honors in Barron's 20th annual ranking of Best Online Brokers, rated number one for the fourth year in a row. In the 2015 review, Barron's compared 18 online brokers, evaluating participants from the viewpoint of the wealthy, active trader across eight categories of service including Trading Technology, . . .

EXNESS Calls for Greater Transparency in the Retail Forex Industry

11 Mar 2015, Limassol, Cyprus - LeapRate - EXNESS has today called on the retail Forex industry to become more transparent regarding broker funds and trading volumes, so that traders can assess the financial strength of brokers and their ability to withstand market shocks. George Tsaparillas, Director of Global Strategy and Business Development, comments: "This year has already been a testing time for retail Forex brokers, with many suffering . . .

Windsor Brokers Ltd launches Live Forex Newsfeeds

11 Mar 2015, Limassol, Cyprus - PRWeb - Following the Black Thursday event, Windsor Brokers decided to launch a new service that would offer traders an additional option of staying up to date with developments in the financial markets. Windsor Brokers have just launched a brand new service called Live Forex Newsfeeds. Live Forex Newsfeeds is an online radio service, provided by a third party that is currently offered to all clients of Windsor . . .

IAIR Awards NordFX as Best Forex Broker India

10 Mar 2015, Hong Kong - NordFX - On 10 March 2015, IAIR Awards held its annual victory ceremony in Hong Kong. NordFX is pleased to have won Best Broker / Forex Trading India. As the awards accolades put it, "For its leadership in making trading in financial markets more comfortable, convenient, effective and easy. Consistently meeting the strictest standards of financial stability and proper handling and providing its clients with . . .

Traders Trust Fined 5,000 Euros by CySec for Providing Misleading Information

10 Mar 2015, Nicosia, Cyprus - LeapRate - Cypriot regulatory authority CySec has imposed a 5,000 euro administrative penalty on Traders Trust over misleading information with regard to the increasing of equity. The Cyprus Securities and Exchange Commission (CySec) has issued an administrative fine of 5,000 euros to Traders Trust Capital Markets Ltd ('The Company') for violation of Article 41 of the Cyprus Securities and Exchange Commission Of Law . . .

Forex Brokerage AForex Rebrands to AMarkets as it Expands into Asia

10 Mar 2015, Moscow, Russia - Finance Magnates - The company is aiming to position itself as a multi-asset financial services provider as traders look away from forex to additional asset classes and the broker diversifies its exposure to foreign exchange volatility. One of the brokers well represented on the Russian market, AForex, changed its logo and rebranded to AMarkets. The company is aiming to continue expanding its services geographically, . . .

Broker-Dealer WhoTrades, Inc. Acquires Just2Trade & LowTrades Brands

6 Mar 2015, New York, NY, USA - iReach Press Release - Privately-held WhoTrades, Inc. , a global broker-dealer, has acquired the Just2Trade and LowTrades brands from Washington, D. C. -based online securities broker Success Trade Securities, Inc. for an undisclosed amount. Through the acquisition, WhoTrades strengthens its role in the online deep discount brokerage space. . . .

GMO Click Approved for Public Listing on Tokyo Stock Exchange on April 1st

2 Mar 2015, Tokyo, Japan - Finance Magnates - The Stock Swap agreement enabling the IPO was approved by extraordinary stockholders meetings convened by GMO CLICK Holdings and FX Prime by GMO on December 24, 2014, with an effective date of April 1, 2015. One of Japan's giant forex brokers, GMO CLICK Holdings, has progressed with a public listing application for the Tokyo Stock Exchange and today received approval to be listed on the JASDAQ market.

GMO Click's Z.com Trade UK Launches Proprietary Trading Platform Today

2 Mar 2015, London, UK - Finance Magnates - The GMO CLICK Group proclaims it "looks for continued growth in both Europe and Asia," which explains its expensive Z.com venture outside of Japan. The FCA-regulated broker is available in English and Chinese. GMO-Z.com Trade UK Limited ("Z.com Trade"), part of the Japan-headquartered GMO CLICK Group, officially launched an independenly developed trading platform today. The London-based branch of GMO . . .

OctaFX Receives the Title of Most Reliable Forex Broker in FX Empire Awards 2014

27 Feb 2015, Kingstown, St Vincent and the Grenadines - OctaFX - OctaFX is proclaimed Most Reliable Forex broker 2014 by FX Empire! The voting took place at FX Empire website and lasted for one month! We would like to thank FX Empire readership and our clients for the support shown. In FX Empire words, "reliability is paramount in online retail trading. This award marks security, platform performance and general reliability and trustability".

ICM Capital Awarded Best Rebate Provider

24 Feb 2015, London, UK - ICM Capital - ICM Capital one of the fastest growing global providers of Forex and Contract for Difference (CFD) trading has been named the 'Best Rebate Provider 2015'. This award, which was announced during the FIMENA Expo 2015 in Dubai, UAE, recognises the exceptional rebates ICM Capital provides its retail clients and marketing agents. Co-founder and Director at ICM Capital Shoaib Abedi said: "The award . . .

Investment Trends Australia Report OANDA and AxiTrader Continue to Lead Retail Forex Customer Service

18 Feb 2015, Australia - LeapRate - Australia based research firm Investment Trends has published an updated report on FX and CFD trading in its home market. Overall, FX trading has dipped slightly down under (in the 12 months leading up to November 2014), with 49,000 investors placing at least one FX trade through an Australian provider, down from 51,000 in 2013 in line with what's been seen in other geographies as low volatility was the rule of . . .

CySEC Suspends Financial Services License of FxPulp on Two Counts

18 Feb 2015, Nicosia, Cyprus - Finance Magnates - The Cypriot watchdog has raised its concerns about the client funds at the company and the compliance with the practice of client funds segregation, while also being alarmed about anti-money laundering procedures. The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement highlighting that the financial services company license of the entity behind the FxPulp brand has been suspended.

Following Warning from Alpari, Russia's CRFIN Blacklists Forex Trend

16 Feb 2015, Moscow, Russia - LeapRate - Forex Trend, the retail Forex brokerage registered in New Zealand, seems to be the focus of negative publicity lately, with Russia's Forex self-regulatory organization CRFIN adding its voice to the chorus of warnings against the company. Earlier today, the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) added Forex Trend (http://fx-trend.com/home), a retail Forex brokerage with . . .

GO Markets Extends Reach to UK as It Partners with Vantage FX UK

16 Feb 2015, London, UK - Finance Magnates - Vantage FX UK, a London-based financial derivatives broker will be rebranding as GO Markets. The firm reported that it will be merging with the Australian regulated broker with changes expected to take place in March, clients are unaffected. Consolidation continues in the vibrant forex and CFD markets as Vantage FX UK becomes the latest firm to alter its existence. Forex Magnates reports that FCA . . .

IronFX's Johannesburg Office is Open for Business

16 Feb 2015, Johannesburg, South Africa - Gold News - IronFX Global has announced that its new landmark global office in Johannesburg is now officially open for business. With this global office in the economic and financial hub of South Africa, IronFX Global commits to providing an individualized, award-winning, global service, to a local client base, Markos Kashiouris, Chairman and CEO of IronFX Global, has affirmed.

One Financial Markets Opens for Business in Saudi Arabia

12 Feb 2015, London, UK - Business Wire - Global award-winning online broker One Financial Markets is pleased to announce the opening of its new support office in Jeddah. The new office in Saudi Arabia is part of One Financial Markets' expansion plans across the Middle East and a sign of the organisation's commitment to the Kingdom of Saudi Arabia and the wider GCC region. With established offices in Dubai and Abu Dhabi, the rapidly growing . . .

Blackwell Global Named Best Cyprus Forex Brokerage

6 Feb 2015, Limassol, Cyprus - Gold News - The online trader was named Best Forex Brokerage and Best for Innovative Online Trading Solutions in Cyprus. Online trading solutions provider Blackwell Global received the highest recognition in two separate categories at the 2014 Finance Awards, organized by Wealth & Finance International magazine. The firm was named both Best Forex Brokerage Cyprus and Best for Innovative Online Trading Solutions . . .

IC Markets Covering 90% of Client Negative Losses from Swiss Franc Volatility

5 Feb 2015, Sydney, Australia - Finance Magnates - IC Markets has revealed to Forex Magnates that they have decided to forgive negative balances from the Swiss franc volatility. IC Markets has become the latest broker that has decided to cover client negative balances. The decision to absolve clients who sustained negative balances from losses due to the Swiss franc's volatility earlier this month has become a heated industry topic. On one hand, . . .

Traders' Tears Put the Salt in FXSalt as BT Prime Client Shuts Down

5 Feb 2015, British Virgin Islands - Finance Magnates - The brokerage has announced to its clients that it is suspending its services in the aftermath of the Swiss franc disaster, stating that a partner of the firm entered into bankruptcy proceedings last week. Shockwaves from the Swiss National Bank's surprise decision on the 15th of January continue resonating across the industry. A small broker focused specifically on the Polish market, FXSalt, . . .

DMM Becomes Top Japanese FX Broker by Volume, Surpasses GMO CLICK with New High

5 Feb 2015, Tokyo, Japan - Finance Magnates - The total client FX trading volume for DMM was an incredible $1. 3 trillion. GMO CLICK's figures fell short of DMM in January - ceding the title of the number one retail FX broker by volume in Japan to DMM. One of Japan's top two largest retail Forex broker by volume, DMM Securities, has just released its January 2015 volumes showing continued positive month-on-month figures after six straight months . . .

Synergy FX Responds to Traders, First to Market with Highly Anticipated "Hybrid Execution" Model

5 Feb 2015, Sydney, Australia - PRNewsWire - Leading Australian Forex broker Synergy FX (synergyfx.com. au) announced today that it is now accepting client applications for its new "SynergyHybrid ECN" account type, less than 2 weeks after the market-shaking events of "Black Thursday". Swiss National Bank intervention that day caused independent currency traders from around the globe to begin demanding some sort of protection from the very . . .