ILQ to Enter Futures Market? Takes Stake in Velocity Futures

Coming off a strong second quarter where ILQ grew its total account numbers as well as net customer deposit figures, the business to business 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 broker appears to be slated to expand its offerings. The firm recently acquired ASIC Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and has partnered with several foreign brokers, such as Axi Trader and eToro, to provide services for US based customer services under its NFA license.

Popping up recently under their NFA information page is the approval of becoming a greater than 10% owner and Principal of US based Velocity Futures. Velocity Futures is a registered FCM that provides futures trading brokerage services to retail and professional traders. For US based forex brokers, one of the disadvantages is the inability to offer CFD trading. By partnering with Velocity Futures, ILQ could be on its way to extending its product line to also include retail futures trading.

As we learn more about the recent ownership stake acquisition and possible entrance to the futures market, Forex Magnates will provide additional updates.