Banc de Binary, one of a handful of CySEC-regulated binary options brokers, has been charged with taking US clients. LeapRate Exclusive.... Assuming the charges stick, it will be interesting to see if the EU regulators involved -- Cyprus' CySEC and the UK's FCA -- cooperate with the CFTC in the US, and enforce whatever penalties…
Read moreDukascopy is clearly targeting an interesting vertical – young women – but also the young men who will want to follow proceedings. Recently we've been writing about interesting and unique promotions that FX brokers come up with, in an increasingly crowded world of FX marketing, bonuses and promotions. We covered the IronFX win-a-trip-to-Vegas contest, and the Liquid…
Read moreSpotware also advancing plans to allow other mirror trading platforms to integrate with the cTrader suite. FX platform provider Spotware has announced plans to introduce a new platform, cMulti, into its line of STP and NDD spot trading platforms. The new mirror trading platform, to be offered to Spotware clients at no additional cost, allows users…
Read moreRetail FX volumes $390 billion and Institutional volumes $191 billion for the month of May at FXCM. The good news from leading FX brokers just keep on coming.... Leading retail FX firm FXCM, the world's largest online global FX broker (and a member of LeapRate's Approved List of regulated FX brokerage firms), announced that May trading…
Read moreAll of ICAP's electronic brokering businesses slowed in May, except US Treasury trading, which was up a whopping 58%. ICAP's Forex ECN unit EBS reported May FX trading volumes at $126.0 billion (average daily volume for the month), down 2% from April and down 4% from last year May. After two strong months to start the…
Read moreBut in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April. Mid-size Japanese retail forex broker Monex Group reported that its May FX volumes dropped by 11%, to ¥216 billion per day (which works out to about $48 billion in volume for the month). Monex had its best-ever month in…
Read moreBitcoin prices and volumes on Mt Gox showed very strange patterns at a normally slow time. Another reason why FX brokers are still generally reluctant to add Bitcoin trading... Coinsetter Blog pointed out a very interesting phenomenon, whereby it questioned whether Bitcoin prices were being manipulated this past Sunday, June 2. After several weeks of relative stability…
Read moreFX futures volumes at CME Group up 15% from April, but that's mainly becuase April was slow. CME Group, which runs the world's largest derivatives marketplace, announced that May FX futures volumes increased by 15% from April (and by 9% from last year May) to 1,031,000 contracts. The CME attributed the increased volume mainly to…
Read moreOpening of MIG Capital Asia Limited comes more than a year after we reported MIG opening a Hong Kong rep office. Leading Swiss Retail FX brokerage MIG BANK, a member of LeapRate's Approved List of global regulated FX brokers, announced that it has formally launched its Hong Kong subsidiary, MIG Capital Asia Limited, and a new office…
Read moreJapan Retail FX market continues to be red hot. With the Japanese Yen finally crossing through the USDJPY 100 barrier during May for the first time in more than four years, Japan's Retail FX sector continues to generate record trading volumes, and record interest among Japanese retail FX traders. The proof? GMO Click, Japan's largest…
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