BVI cease trading order, funds frozen, kicked out of FMRRC, phones go unanswered.... LeapRate Exclusive... It seems as though retail forex broker 4XP is no longer operating, at least as far as money-in money-out is concerned. LeapRate has been contacted by (former) 4XP clients who have been unable to withdraw funds, a theme which we've…
Read moreRussia's leading exchange has been focusing on increasing its business with Far East traders and investors. Moscow Exchange has announced the launch of trading in the FinEx MSCI China UCITS ETF (ticker FXCN). The FXCN tracks the MSCI China Index, which comprises 138 Chinese securities. The fund's shares will be traded on Moscow Exchange's securities…
Read morePowerOption will be regulated by both CySEC (Cyprus) and ASIC (Australia). Ireland based retail forex broker AvaTrade has just launched its own Binary Options brand, called PowerOption. PowerOption will be based on the MarketPulse platform. AvaTrade had previously worked with Marketpulse on its Japanese binary platform, although that business had to be halted when the…
Read moreOverall, FxPro SuperTrader strategies have shown an average annualized return of 23%. Retail forex broker FxPro is pouring much of its efforts and marketing budget lately into promoting its proprietary version of social and copy trading called SuperTrader, with the results being pretty good so far. As an STP broker, FxPro is heavily incentivized to…
Read moreOanda also engages BeeksFX VPS solution to lower latency. Retail forex broker Oanda has launched its own version of an appstore, called Oanda Marketplace. Oanda Marketplace includes a directory of tools, software, and products for Oanda traders, and will also act as a distribution channel for developers building their products on the Oanda API. Historically strong…
Read moreCiti's revenue from fixed income, currencies and commodities trading fell 7% last year. Global commercial bank Citigroup has announced that its Head of FX, Anil Prasad, is leaving the company effective March 31, with no replacement set yet. Prasad joined Citi in the mid 1980s, although he left the bank for a spell to work…
Read moreStill markedly lower by more than a third from a year ago levels, best number since July According to data released by ICAP, volumes on their EBS platform have risen substantially from December marking the first substantial increase we have seen in a while. Traded forex volumes have reached $87.5 billion from $71 billion a…
Read moreCarry trade unwinding leads to a substantial increase in volumes at the leading Japanese brokerage The leading Japanese forex trading brand GMO Click has announced its volumes numbers for the month of January and we are seeing a dramatic increase in trading volumes. The firm announced that monthly FX volumes have totaled almost ¥83 ($820 bln)…
Read moreMonex nails a great start to the year continuing solid rebound since October 2013 Monex Group has just published January trading volumes on its website and the results are promising - activity has picked up by 20% on last month's already impressive rebound. The amount of average daily transactions has reached ¥167 billion ($1.65 billion) in…
Read moreEXNESS also set a one-day volume record of $10.8 billion on January 23rd Volume numbers at New Zealand registered and CySEC regulated upcoming brokerage EXNESS have surprised to the upside with a record rise to $150 billion - way over December's figures. Thats a whopping spike by more than a third and it seems to…
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