Visitors of the website of IBFX Australia were today greeted with a short notice announcing that the company has decided to halt forex operations. Ex-clients of the company are encouraged to contact the customer support service if they have any questions. The announcement comes less than a fortnight after OANDA said that it had agreed to…
Read moreHong Kong's Securities and Futures Commission (SFC) keeps updating its Alert List and today added one more unlicensed entity to it - Galaad Capital Group. Galaad Capital Group, operating from www.galaadcapitalgroup.com, is offering a range of trading services, including Forex services. The company provides the following address: 28th Floor, New World Tower, 16 Queen’s Road…
Read moreRussia's National Settlement Depository (NSD), part of the Moscow Exchange group of companies, has launched a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1). PVP is a cash settlement principle expanding the reliability of settlements and assuming that a participant’s cash transfer in one currency occurs if another participant’s…
Read moreJapanese FX and binary options broker Hirose, which is planning a public float of its shares later this month, has announced pending changes to the trading conditions for owners of corporate accounts for its LION FX platform. Effective April 11, 2016, the broker will be reducing maximum leverage for such accounts from 1:200 to 1:100. The…
Read moreAustralian retail Forex broker Pepperstone today announced that it has secured a major strategic investment from CHAMP Private Equity, one of Australia's leading PE firms. Melbourne-based Pepperstone founder is partnering with CHAMP in order to support the broker's expansion. Pepperstone intends to open offices in multiple new regions this year. In order to further boost their…
Read moreOperator of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) has earlier today posted its key operating metrics for February 2016, with Forex volumes continuing the slide exhibited in January 2016. Average daily volumes for FX&Credit exchange-traded contracts amounted to 33,000 contracts, down 15.4% from the result of 39,000 contracts registered in January 2016. The…
Read moreSwiss Forex broker Dukascopy today announces pending changes to trading conditions for USD/HKD (US dollar vs Hong Kong dollar). Dukascopy Bank and Dukascopy Europe will be reducing maximum leverage for exposures on USD/HKD to 1:10, effective March 9, 2016 (11:00 GMT). The move reflects the possibility of the abolishment of the USD/HKD peg and the…
Read moreFrance's financial markets regulator AMF today issued a warning concerning the growing trend of companies abusing the details (such as names, images, website details, etc.) of authorized providers of binary options services. The French watchdog notes that this practice has affected UK Forex and binary options brokers and that it is very hard to detect.…
Read moreRetail Forex broker EXNESS has stayed true to its transparency commitment and has just published its key operating metrics for February 2016. And although trading volumes fell in monthly terms, they staged a decent rise in annual terms. EXNESS registered monthly trading volumes of $192.4 billion, down 2.5% from the reading of $197.3 billion for January…
Read moreShortly after releasing a new build of its Trader Workstation (TWS) platform, online trading services provider Interactive Brokers Group, Inc. (NASDAQ:IBKR) is already working on further enhancements of the solution. Amid the improvements, currently available in the TWS (beta) build 956, are new alerts - Daily P&L Alerts on Positions. As the name of the new…
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