Your Weekly Trading Review by UFX.com – Sunday, November 5th, 2017 Here are some of the major financial events of the past week and how they affected the global financial markets: EUR/USD fell by 0.43%, closing at $1.1608. The GBP/USD rose by 0.14%, closing at a £1.3077 exchange rate. The Dow ended the week on a high…
Read more
The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, Many Forex and CFD traders try to apply the Elliott Wave Theory for a short while… but the majority quickly moves on to the next indicator or tool. Why does this happen? Most traders understand the theory…
Read more
Forex Industry News from the past week... Which EU country delayed plans to further limit leverage in Retail FX trading? Which longtime FX broker CEO jumped from one FCA regulated firm to another? Which leading FX affiliate group raised $10 million to pursue acquisitions? Why did shares of Gain Capital Holdings Inc (NYSE:GCAP) pop by 20%?…
Read more
Cyprus financial regulator CySEC has issued a notice to all CIF licensed brokers in the EU island country, regarding the targeting of Spain based retail traders. Spain's CNMV is one of the few major EU regulators which has not 'come down hard' on the online trading sector by issuing tighter leverage restrictions, or bans on…
Read more
In its worst trading day in nearly a decade, shares of online gaming and financial trading systems provider Playtech PLC (LON:PTEC) traded down by more than 22% on Thursday after reporting a surprisingly negative Trading Update for the second half of 2017 earlier in the day. Playtech shares closed Thursday at £7.68, down 22.2% from Wednesday's…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against the Morgan Stanley and Co. Incorporated unit of Morgan Stanley (NYSE:MS), a registered Futures Commission Merchant (FCM), for non-compliance with applicable rules governing Part 17 Large Trader reports to the CFTC spanning a ten-year period and affecting thousands…
Read more
Forex ECN FastMatch has announced that it has opened a sales office in Greenwich, CT. The company stated that high-quality level of service is one of the differentiating features contributing to FastMatch’s growth and success. In order to maintain this level of service, it is important for FastMatch to be located near its major customers.…
Read more
After we reported exclusively yesterday about the departure of longtime ETX Capital CEO Andrew Edwards, Copenhagen based multi asset broker Saxo Bank has announced that it has hired Mr. Edwards as the CEO of its FCA regulated UK operation, Saxo Capital Markets UK Ltd. Andrew Edwards effectively replaces the role of Matteo Cassina, who recently resigned as…
Read more
LeapRate Exclusive... LeapRate has learned that VC-backed Investoo Group, which has grown to become one of the largest affiliates to FX and cryptocurrency brokers, has secured a £7.5 million (USD $10 million) credit line, allowing it to pursue further acquisitions and diversify its business. We expect the company to make a formal announcement shortly. Investoo…
Read more
ASIC regulated Retail FX broker IC Markets has announced that it has added a range of Bond CFDs to its growing multi-asset offering. The addition of these fixed income products comes at a time when interest rates are normalising across the world’s major economies following years of record lows, providing IC Markets clients with new…
Read more