Let's begin this article with what we wrote over the weekend when word broke of Global Brokerage Inc (NASDAQ:GLBR) filing for a "Chapter 11" bankruptcy reorganization - this isn't your typical bankruptcy filing. And, the effects of the filing (if any) on Retail FX broker FXCM, in which Global Brokerage holds a 50% interest, have been…
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Shares of leading FCA regulated, publicly traded online brokers were under pressure on Monday, after word broke in the Polish press that Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, was under investigation in its home country for fraud. XTB shares…
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Shares of Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, tumbled Monday by more than a third before being halted outright, after word broke in the Polish press that a lengthy regulator investigation had uncovered years of fraudulent treatment…
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Retail Forex broker Alpari Limited just informed that from the 20th of November, 2017, on all nano.mt4, standard.mt4, and standard.mt5 accounts, trading will only be available in “Close Only” mode on the following instruments: EURDKK, EURNOK, NZDSGD, USDCNH, USDMXN, USDNOK, USDPLN, USDSEK, USDZAR, EURSEK, EURSGD. Additionally, from the 20th of November, on all ecn.mt4, pro.ecn.mt4,…
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Tools for Brokers, a Forex technology company providing integrated solutions for brokerage businesses, announced the launched of its new Broker Business Intelligence solution for MetaTrader 5 brokers. The module visualizes trading information allowing to monitoring server events, make informed decisions and control risks, as well as helping brokers to prepare regulatory reports. Tools for Brokers'…
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FCA regulated retail forex broker ICM Capital has announced that it has launched trading on the cryptocurrency, bitcoin. Confirming the move on Monday (3th November), ICM Capital said trading had commenced on Bitcoin CFDs, a widely traded cyptocurrency. The move would enable traders to take a position on whether the value of the cryptocurrency will…
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Following the close of equity markets in the US on Friday afternoon, Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, announced that it will be filing for "Chapter 11" protection under the United States Bankruptcy Code, as part of a planned reorganization of the company. Global Brokerage's main asset is its 50.1% holding in FXCM…
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Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its third quarter financial report, with the company seeing record Revenues and significantly improved profitability so far in the second half of the year. In Q3, KVB Kunlun reported total Revenues of HK$181.5 million (USD $23 million), up 38% from Q2's HK$131.5 million.…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced the launching of a new office in Prague, Czech Republic, where it will welcome new clients from the region, as well as from Slovakia. Mohamed Hassan, JFD’s Chief Business Development Officer, who has been leading the company’s international growth, said: The opening of our…
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After seeing fairly strong trading volumes during the (normally slow) summer months of July and August, retail forex broker FXCM has had a fairly slow fall season, reporting a 2% MoM decline in volumes during October after a 12% drop in September. FXCM volumes were $192 billion in October, down 2% from September's $196 billion. Average…
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