New Zealand’s FMA warns against FX Promax Limited and FXpromaxltd.com LeapRate

July 22, 2013 BY Gerald Segal

New Zealand's FMA warns against FX Promax Limited and FXpromaxltd.com

FMA believes that information on the FX Promax website is fictitious. New Zealand's financial regulator FMA has issued a warning against Forex broker FX Promax Limited, and its website at FXpromaxltd.com. According to the FMA, the Forex brokerage operating at the website FXpromaxltd.com is representing itself as being based at 350 Queen Street in Auckland, and as…

July 18, 2013 BY Gerald Segal

FXCM shares continue upward to cross $17 line for the first time

Stock market continues to like shares of Forex brokers. As the equity markets in the US continue to set new highs, shares of publicly traded Forex brokers have not been left behind. For the first time since going public in December 2010 (for $14 per share), FXCM saw its share price briefly hit $17 on…

July 18, 2013 BY Gerald Segal

SEC allows broker-dealers to do Retail Forex business for three more years

Dodd-Frank exception for SEC registered broker dealers was to expire July 16, 2013. The SEC has quietly extended by three years the exception provided to broker dealers to engage in what it terms 'retail forex transactions'. By the straight Dodd-Frank Act rules, all broker dealers in the U.S. were to cease Forex transactions with retail…

July 17, 2013 BY Gerald Segal

SpotOption opens Tokyo office in advance of Japan binary options market reopening

SpotOption also introduces Ladder Trading feature to its binary platform. Leading binary options platform provider SpotOption has announced that it has opened an office in Tokyo, in anticipation of Japan's JFSA and FFAJ (the Financial Futures Association of Japan) reopening Japan's binary market. As we reported back in November, Japanese authorities quietly instructed brokers to stop…

July 17, 2013 BY Gerald Segal

CySEC confirms binary options license to ZoneOptions

ZoneOptions becomes the third regulated binary options broker in Cyprus. As a follow-up to our recent article, in which we exclusively reported that CySEC had approved a third binary options broker by issuing a CIF license to Rodeler Limited, parent of ZoneOptions, comes word that CySEC has indeed added ZoneOptions to its list of regulated…

July 16, 2013 BY Gerald Segal

Gain Capital (Forex.com) volumes down 4% in June

Gain Capital sees similar slowdown in both its retail and institutional businesses. Forex broker Gain Capital saw a slight slowdown in its clients' forex trading volumes during June, with retail volumes coming in at $155 billion and institutional volumes at $367 billion. Both figures were down 4% from Gain Capital's record May figures. To see…

July 16, 2013 BY Gerald Segal

KCG makes second management change at Hotspot FX in less than six months

Ryan Primmer replaces Darren Mast as the newly renamed KCG's Global Head of Fixed Income, Foreign Exchange and Commodities. While these kind of leadership changes are not unusual following an acquisition -- especially when it is the merger of similar companies -- there has nevertheless been somewhat of a revolving door in the management suite…

July 16, 2013 BY Gerald Segal

EBS launches lower cost Internet access version of EBS Spot Ai

EBS Internet Ai allows customers affordable access to the EBS forex market, without circuit fees or data center costs. Forex ECN EBS, a unit of futures broker ICAP, is introducing a lower cost version of its EBS Spot Ai, with EBS Ai protocols now available over the internet via EBS Internet Ai. The new EBS Internet…

July 16, 2013 BY Gerald Segal

Hotspot FX reports all time best forex volumes in June

Hotspot FX reports its first volume metrics as a newly private company, and they are impressive. Although it may not remain a private company (or rather, part of a private company) for long, Forex ECN Hotspot FX seems to be doing just fine outside the limelight of the public markets. Now owned by Getco, Knight…

July 15, 2013 BY Gerald Segal

FXCM June volumes hold steady at $580 billion

Another record month for Retail forex volumes at FXCM. The good news from leading forex industry brokers just keep on coming.... Leading retail forex 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 June trading activity came in a total of…

Category: News