The following article is courtesy of Konstantin Rabin of ForexBonusLab.com -- Even though many people feel that retail FX sector is over saturated, we still see new brokers popping out every day. The reason for this is simple. FX still remains an over profitable industry. Nevertheless, the competition is severe and today it is as…
Read moreLeading Australia-based retail forex broker AxiTrader quietly let it slip out that it has hired a new CEO, former OANDA Head of APAC Rajesh Yohannan (pictured at left). Yohannan will actually act as CEO of AxiTrader's parent company AxiCorp Financial Services Pty Ltd, which incorporates both its retail and institutional trading arms that operate mainly under the…
Read moreContinuing a major changeover in senior management worldwide, Denmark-based retail forex broker Saxo Bank has announced that Thomas Jegu (pictured at left) will replace Pierre-Antoine Dusoulier as head of Saxo Bank’s office in France. Dusoulier had been CEO of Saxo Banque France since 2008, and Head of Western Europe for Saxo Bank since 2011. New France…
Read moreThe U.S. Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a…
Read moreFXCM Inc. (NYSE:FXCM) today announced key forex trading metrics for May 2016 for its retail and institutional business. May 2016 Customer Trading Metrics: Retail Customer Trading Metrics Retail customer trading volume of $280 billion in May 2016, 2% lower than April 2016 and 15% lower than May 2015. Average retail customer trading volume per day of $12.7 billion…
Read moreTier1FX, a Malta Financial Services Authority regulated forex brokerage announced this week in order to prepare for the expected increase in volatility surrounding the June 23rd “Brexit” referendum in the UK, as well as to offer better protection of client’s assets, Tier1FX will temporarily adjust the margin requirement for the all GBP FX pairs, as…
Read moreToday globally regulated brokerage firm Admiral Markets announced they will issue temporary changes in its trading terms regarding GBP currency pairs and FTSE100 instruments, lasting from the session opening Monday, 20 June until 12:00 pm EET, 27 June. Margin requirements for all currency pairs with the pound sterling (GBP) and FTSE100 index CFD will increase by five times…
Read moreThe Australian Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down…
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Ads by Retail Forex brokers will remain for now on Baidu, but CPL rates are likely to rise significantly.
Read moreThe U.S. Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC, a division of Morgan Stanley (NYSE:MS), has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online. The SEC issued an order finding…
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