Daily FX Brokers’ News: Darwinex, XTB and IG Group
Friday,04/09/2015|19:21GMTby
Andy Traveller
In addition to altered trading schedules stemming from the U.S. Labor Day, several brokers have made changes to their products and offerings.
As the week draws to a close, we bring you the latest daily roundup of changes to the products and offerings of Forex brokers around the world.
While the upcoming U.S. Labor Day on Monday has prompted Alpari, FXOpen and Hirose to update customers on affected trading schedules, Darwinex, XTB and IG have made changes to their trading environments and technology.
DARWIN Correlation Now Live
The UK regulated trading firm, Darwinex, today announced the launch of the DARWIN portfolio correlation engine.
The launch of DARWIN Correlation draws on the company’s historical legacy of providing trader performance evaluation tools. The new technology means that:
DARWIN Portfolio equity at risk is no longer the simple sum of individual DARWIN equity at risk (which would imply 100% correlation);
Rather, DARWIN Portfolio equity at risk accounts for diversification by analysing the correlation between DARWINs in a portfolio;
Correlations are available at all times.
Correlation ranges are colour-coded according to the following definitions:
Green (high diversification / low overlap) -> correlations of 0.2 or lower (including negative ones);
Orange (medium diversification / overlap) -> correlations higher than 20% (0.2) but lower than 50% (0.5);
Red (significant overlap) -> correlations higher than 70% (0.7).
Since becoming a licensed advisor in 2013, Darwinex has made clear its intention to offer both money management products and trader evaluation.
XTB Amends Fees and Commissions
Meanwhile, the British arm of Polish online broker, XTB, has advised clients to take a look at its revised Fees and Commissions Table. The company has made a number of amendments which have already come into effect.
Specifically, traders with XTB can expect a decrease of minimum Equity CFD commission on CZK from 400 to 300.
Finally, IG Group (LSE: IGG), the UK-based broker, presented a number of changes to its trading environment today, including adding new features to its Trading Platform.
Specifically, the firm’s online trading has undergone some changes. Traders can now:
Tab different panels into the same window for watchlists and charts;
Drag and drop individual markets into their watchlists or charts;
Select their favourite options more quickly with an improved drop-down list;
Click on the top-navigation to bring the corresponding panel to the front.
Correspondingly, the mobile app has also been under development, with users now able to access free, interactive and customisable charts from their mobile devices.
Finally, IG rounded out its new offerings by announcing that traders can gain even more control over their order execution, with the "partial fills" and "points through current" features having been added to the trading platform and the latest version of the IG mobile trading app.
In July, IG Group made headlines after it announced its preliminary results for the 2014 fiscal year. Despite the Swiss franc turmoil back in January, which saw the broker sustain heavy losses, the company registered a respectable growth rate in underlying revenues, up by 8% to $622 million (£400 million).
As the week draws to a close, we bring you the latest daily roundup of changes to the products and offerings of Forex brokers around the world.
While the upcoming U.S. Labor Day on Monday has prompted Alpari, FXOpen and Hirose to update customers on affected trading schedules, Darwinex, XTB and IG have made changes to their trading environments and technology.
DARWIN Correlation Now Live
The UK regulated trading firm, Darwinex, today announced the launch of the DARWIN portfolio correlation engine.
The launch of DARWIN Correlation draws on the company’s historical legacy of providing trader performance evaluation tools. The new technology means that:
DARWIN Portfolio equity at risk is no longer the simple sum of individual DARWIN equity at risk (which would imply 100% correlation);
Rather, DARWIN Portfolio equity at risk accounts for diversification by analysing the correlation between DARWINs in a portfolio;
Correlations are available at all times.
Correlation ranges are colour-coded according to the following definitions:
Green (high diversification / low overlap) -> correlations of 0.2 or lower (including negative ones);
Orange (medium diversification / overlap) -> correlations higher than 20% (0.2) but lower than 50% (0.5);
Red (significant overlap) -> correlations higher than 70% (0.7).
Since becoming a licensed advisor in 2013, Darwinex has made clear its intention to offer both money management products and trader evaluation.
XTB Amends Fees and Commissions
Meanwhile, the British arm of Polish online broker, XTB, has advised clients to take a look at its revised Fees and Commissions Table. The company has made a number of amendments which have already come into effect.
Specifically, traders with XTB can expect a decrease of minimum Equity CFD commission on CZK from 400 to 300.
Finally, IG Group (LSE: IGG), the UK-based broker, presented a number of changes to its trading environment today, including adding new features to its Trading Platform.
Specifically, the firm’s online trading has undergone some changes. Traders can now:
Tab different panels into the same window for watchlists and charts;
Drag and drop individual markets into their watchlists or charts;
Select their favourite options more quickly with an improved drop-down list;
Click on the top-navigation to bring the corresponding panel to the front.
Correspondingly, the mobile app has also been under development, with users now able to access free, interactive and customisable charts from their mobile devices.
Finally, IG rounded out its new offerings by announcing that traders can gain even more control over their order execution, with the "partial fills" and "points through current" features having been added to the trading platform and the latest version of the IG mobile trading app.
In July, IG Group made headlines after it announced its preliminary results for the 2014 fiscal year. Despite the Swiss franc turmoil back in January, which saw the broker sustain heavy losses, the company registered a respectable growth rate in underlying revenues, up by 8% to $622 million (£400 million).
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🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!