2009-08-07: Forex Magnates Weekly Updates – Alpari, MB Trading, more Ponzi scams

• FXwells is a new forex rebates program. Introduces Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com, ACM, NordMarkets, Dukascopy, City Credit Capital, Spreadco and GNI Touch.

• MB Trading Holdings, LLC announced that it has acquired ownership of The Wizetrade Group. The Wizetrade Group introduces novice investors to the basics of the markets and trading fundamentals using software products and hands on training. Wizetrade delivers much of this training through its crown jewel, Wizetrade TV(R). This dynamic, interactive online television network provides more than 11 hours a day of live expert training and personalized trade analysis, delivered in High Definition quality, through its four channels.

• Dozens of investors who have been frantically trying to withdraw their life savings from a controversial currency investment program promoted by some Twin Cities firms learned this week that the money trail may lead to Switzerland and the United Arab Emirates.

• Eldon "E.A." Gresham, a former standout football player for Texas Christian University, is accused by a federal agency of bamboozling dozens of people out of more than $15 million in a Ponzi scheme that relied on investors’ Christian faith and his long-standing friendships, according to court documents and information from a federal regulatory agency.

• Russian Alpari is rumoured to be controlled by the Russian government and there are links to the Russian president Medvedev (read in Russian)

• dbFX.com, the online retail foreign exchange (FX) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term of Deutsche Bank, announced it is holding a series of free webinars to help traders better understand the psychology of their trading.

• NFA:

CHRISTOPHER RYAN MULLANEY

ROBERT FRANCIS JR MONCKTON

NIK YARAK

DL GLOBAL FUTURES LLC