Leverage limited to 4x. Plus500 joins IG as the only 'real' online brokers offering leveraged Bitcoin trading. After we reported last week that IG Group became the first online broker to offer binary options trading on Bitcoin, now comes word that Plus500, a medium-sized UK-based Forex broker, is becoming the first Forex broker to offer…
Read moreEBS's move is meant to remove advantages enjoyed by high-speed, high-frequency traders. The Forex ECN wars are officially on! Just a few days after we reported the launch of Tradition's new Forex ECN called ParFX, comes word that ICAP's EBS is making a major change to the way it handles incoming orders. The change --…
Read moreStock market not exactly pleased with the Gain-GFT deal, nor with FXCM's withdrawal of its offer to purchase Gain Capital. The saga of the Gain Capital (NYSE:GCAP) vs. FXCM (NYSE:FXCM) takeover battle culminated late last week with Gain Capital (Forex.com) announcing they were rejecting FXCM's bid, and instead were themselves buying rival GFT. And of course…
Read moreThe Moscow Exchange set yet another new trading record for FX turnover. The Moscow Exchange’s FX market has reported a new daily trading record for FX turnover, as volumes reached reached $29.66 billion (RUB936.88 B) on Thursday. Of this total about 42% was spot and 58% was swap trades. This gives the Moscow Exchange a…
Read moreMarketsPulse’s new "Spread High Low" gives binary options brokers ability to give high payouts with safety. MarketsPulse, a leading supplier of Binary Option platforms, is now offering brokers a way to offer clients a better than 100 percent payout and a wider range of features with the new “Spread High Low” option. The feature supports high…
Read moreGain Capital management has succeeded, it seems, in scaring off FXCM by using its cash to buy GFT. When we first reported that Gain Capital was buying GFT and rejecting FXCM's hostile bid, we stated that there were two likely outcomes. Either FXCM (along with certain Gain Capital shareholders, wanting a sale of the company)…
Read moreAudit by Deloitte certifies Leverate as exceeding banking standards in data security. Leverate, a leading provider of technology solutions for the Forex industry, has announced that they have completed an 18 month long audit project with Deloitte showing that they are certified as “ISAE 3402 Type II complaint and effective.” ISAE Level II demonstrates that Leverate…
Read moreEmboldened by much better Q1 results, Gain Capital (Forex.com) is going it alone. Well, it seems as if the letter written to the Gain Capital Board by shareholder Springhouse Capital -- warning Gain not to make any acquisitions or do anything else to ward off a takeover of Gain -- wasn't written in a vacuum.…
Read moreIt is beginning to look very unlikely that Gain (Forex.com) will survive as an independent company. In a very strongly worded letter to Gain's Board of Directors, Springhouse Capital urged that the Gain Board work to maximize value by pursuing a sale of the company -- by shopping it around to other potential buyers, and/or…
Read moreCyprus crisis -- What crisis??? FX brokers continue to look to operate out of Cyprus. [Correction dated May 1, 2013. As per our updated article, it was not Monex of Japan, but rather Monex of Indonesia -- an unrelated retail FX broker -- which received CySEC licensing. To see the corrected article click here]. LeapRate…
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