traders

Forex Factory is stepping up its development efforts lately in order to regain its status as world's largest forex website. In Q2-3 2011 FF suffered from decline in traffic however managed to regain most of the drop in Q4 as seen in the latest media survey published in the Forex Magnates Q4 2011 Industry Report.

Wednesday, 25/01/2012 | 10:17 GMT by Michael Greenberg

Analysis

Forex Magnates launches new design and a comprehensive Forex Directory

Monday, 23/01/2012 | 11:36 GMT by Michael Greenberg

Brokers

Plimus to stop processing forex related products

Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products like ebooks, games, mobile apps and more. Those networks rival the large number of affiliate that use their services to further promote products offered through their sites.

Monday, 16/01/2012 | 13:04 GMT by Michael Greenberg

Analysis

Who wants to be a Forex Millionaire

Trading Point, a Cyprus based broker claims they have paid out $1 million to a client who deposited $25,000 a couple of months earlier. It is apparent that trader Chris Wheeler an experienced trader started trading with the broker with twenty-five thousand dollars in July 2011, and made request for a withdrawal of one million US dollars in September.

Thursday, 12/01/2012 | 07:14 GMT by Adil Siddiqui

Analysis

myfxbook launches a spreads comparison engine

We reported about this trend almost two years ago here as we've noticed an influx of sites with various spread comparison engines. One of the first to enter the market was FX Intelligence which managed to place itself on several broker websites like MB Trading's and others. The conclusion two years ago was this:

Tuesday, 10/01/2012 | 14:11 GMT by Michael Greenberg

Analysis

Japan: Tokyo Financial Exchange volumes Dec and total year volumes 2011

The total trading volume of Exchange Forex Margin contracts (Click 365) was 7,233,569 decreasing 24.8% in comparison to that of the prior year comparable month, and decreasing 31.3% in comparison to that of the prior month, and the average daily trading volume was 328,878.

Sunday, 08/01/2012 | 15:49 GMT by Adil Siddiqui

Technology

Turkish central bank intervenes in Lira

Tuesday, 03/01/2012 | 20:22 GMT by Adil Siddiqui

Analysis

Cymba Technologies offers FXall to Investment Management Industry

FXall offers trade execution services to buy and sell side firms, pooling liquidity form the major banks and financial institutions. Cymba Technologies provides real-time portfolio analysis tools to money managers in FX, Equities, Fixed Income and Futures.

Sunday, 18/12/2011 | 00:55 GMT by Adil Siddiqui

Analysis

Logiscope partners with TwoFour for FX Post Trade

Logiscope a leading player in deal notification and integration for financial markets has formed a partnership with TwoFour a global technology solutions provider for financiall institutions in capital markets. The partnership enhances the renowned TradeSTP product developed by Logiscope for the institutional FX markets.

Tuesday, 13/12/2011 | 19:43 GMT by Adil Siddiqui

Analysis

China extends trading with Yuan against AUD & CAD interbank market

Thursday, 24/11/2011 | 21:31 GMT by Adil Siddiqui

Regulation

Vietnam Central Bank fines FX & Gold Trading Companies

Vietnam’s central bank has imposed stiff penalties on two companies and a university in Hanoi for violating regulations on U.S. dollar trading and illegally listing prices in the foreign currency.

Thursday, 24/11/2011 | 17:47 GMT by Adil Siddiqui

Analysis

FXStreet launches a fully customizable My Forex Studies page

As announced here last week FXStreet just launched the beta of its Forex Studies page. The page is fully customizable so if you have an accounts with FXStreet you can play around with it and save your preferred look. You can access it here: https://www.fxstreet.com/forex-studies/demo.aspx

Thursday, 24/11/2011 | 11:47 GMT by Michael Greenberg

Analysis

Overview of Forex in the Middle East

The oil rich Middle East has been a market most FX brokers want to capture, with stong economic growth, per capita incomes and cash to play with! The region has a very diverse uptake in financial markets; some countries have been pioneers in the field since the 70's whereas other nations are finally entering electronic trading.

Wednesday, 23/11/2011 | 19:40 GMT by Adil Siddiqui

Analysis

NFA files complaint against Tracy Morgan Spaeth charging him with multiple misleading forex practices

One of the webinars that Spaeth used to solicit customers promoted a computerized forex trading system, known as Tradestar, that the webinar claimed was almost risk-free and consistently profitable. The Tradestar trading system was developed and/or owned by Trade Star Incorporated, a company controlled by a convicted felon named Robert Mihailovich (Mihailovich), who, in July 2010, was charged by the Commodity Futures Trading Commission (CFTC) with fraudulently soliciting over $30 million from customers for forex and futures investments.

Wednesday, 23/11/2011 | 08:49 GMT by Michael Greenberg

Analysis

David Lewalski of Botfly LLC sentenced to 20 years in jail for forex scam

According to a federal criminal Complaint filed in U.S. District Court in the Middle District of Florida, David R. Lewalski, 47, formerly of Gainesville, FL, and his co-conspirators allegedly solicited money about $30 million from hundreds of investors based on false statements that Lewalski could earn the investors up to 10 percent interest per month by trading on the foreign currency (FOREX) market.

Monday, 21/11/2011 | 08:31 GMT by Michael Greenberg

Brokers

ACM Gold expands to Nigeria with a new local office and a trading floor

ACM Gold just announced that it opened an office in Nigeria which signals a very interesting move for this unique broker - it operates mostly through local offices and branches rather than online marketing. By doing this ACM is able to generate better market position in those jurisdictions where online marketing is not as prevalent as in US or Europe. Nigerian clients specifically require more personal touch and attention - hence ACM opened not only an office for support but also a trading floor. Trading floor model allows anyone to come and trade whether they have equipment and experience or not, thus generating new forex clients instead of competing for existing ones.

Monday, 14/11/2011 | 11:10 GMT by Michael Greenberg

Analysis

Forexmagnates team presents exclusive coverage from the World Money Show London 2011

Forexmagnates' team visited the infamous World Money show which took place in the heart of London's historic circle, surrounded by the striking rings of Big Ben, the spirituality of Westminster Abbey and breathtaking views of the London Eye.

Sunday, 13/11/2011 | 15:41 GMT by Adil Siddiqui

Analysis

American forex traders lose $20 million in September

Every month CFTC publishes Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) financial data. Amongst other things CFTC also discloses Total Amount of Retail Forex Obligations - which is basically the total equity of retail forex traders that broker holds.

Friday, 11/11/2011 | 06:49 GMT by Michael Greenberg

Analysis

CFTC Charges Nicholas Trimble and His Two Companies with Million Dollar Forex Scheme

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a civil injunctive complaint charging defendants Nicholas Trimble and his companies, Capstone FX Quantitative Analysis, Inc. (Capstone) and Beekeepers Fund Capital Management, LLC (Beekeepers), all of Denver, Colo., with fraudulently soliciting at least $1.1 million from customers to trade foreign currency (forex) through pooled and managed trading accounts using a proprietary forex trading system.

Wednesday, 09/11/2011 | 17:03 GMT by Michael Greenberg

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