Is Your Broker Weathering the CHF Storm? Real Time Updates

Update: New Real Time Updates.

Thanks to a surprise shakeup from the Swiss National Bank (SNB), the FX industry has been placed into a state of flux with the playing field radically redrawn – consult 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 Magnates’ comprehensive broker list to see the state of each broker.

Amongst the speeding headlines, perhaps no two brokers received more attention than FXCM and Alpari UK that has announced it is reversed its own insolvency declaration and its board of directors are now "urgently" considering an imminent sale.

FXCM however, after facing losses in excess of $220 million, has received a $300 million Leucadia National bailout and confirmed that it has managed to ensure the full financial stability of all its client accounts. Meanwhile, the rest of the industry seems to be relatively intact – the following is a list of each broker at the time of writing along with the present state of their business: