MetaQuotes blocking of Myfxbook on their servers had forced Myfxbook to stop offering an account Auto Update option. Forex social network and copy trading platform service Myfxbook has continued to defy MetaQuotes stated plan to ban third party copy trading software from accessing MT4 accounts. On its website blog, Myfxbook wrote that it was reinstating…
Read moreGain Capital institutional volumes now rival those of smaller Forex ECNs. Similar to what we've already seen at leading global FX brokers FXCM, Alpari, and GMO Click, Gain Capital (which as we reported earlier is now beginning to report its Forex.com monthly volumes) also registered solid numbers in May 2013. Retail volume came in at…
Read moreAston Markets, based in Bulgaria, claims to be licensed by CySEC but apparently isn't and never was. Cyprus financial regulator CySEC has sent out a release warning investors against Sofia, Bulgaria-based Aston Markets. On its website, Aston Markets claims that it is "licensed by CySEC, regulated under MiFID, as well as the FSA, BdF, CONSOB, CNMV, and BaFin. [Google translation…
Read moreFollowing a wild April, Bitcoin prices have retreated into a more moderate trading range in April and May. An interesting story which we and much of the FX brokerage world has been watching lately.... Bitcoin prices have stopped (at least for now) their wild roller coaster ride of up 100% one day and down 60%…
Read moreAlpari sees five consecutive months of FX volume trading records. Global FX broker Alpari has reported its best ever month in May, with total group volumes coming in at $260 billion -- eclipsing Alpari's April volumes of $245 billion and March's $238 billion. These stellar results come during a month when we have seen trading…
Read moreKnight Capital Forex ECN unit sees volumes rise 14% in May to $33.7 billion per day. Completing a mixed month volume-wise for the Forex ECNs, Knight Capital (NYSE: KCG) Forex ECN unit Hotspot FX reported that its May volumes rose nicely to average $33.7 billion daily -- up 14% from April and up 19% from…
Read moreLeverate Japan office head Kazuo Anzai was previously CEO at Alpari Japan and Chief Compliance Officer at CMS Japan. FX Platform provider Leverate has announced the opening of a new office in Tokyo, Japan, to be headed by Kazuo Anzai. Anzai was previously the CEO of Alpari Japan, and the CCO of CMS Japan. Japan…
Read moreFXCM, Oanda and Forex.com – the 'big three' – now account for 63% of US Retail FX assets, and rising. U.S. Retail Forex client asset data for April is now out, courtesy of the CFTC, and it shows a few interesting things -- all leading to the conclusion that the US Retail FX industry is becoming increasingly…
Read moreGain Capital (Forex.com) shares are now above where they were when FXCM made its bid to buy the company. U.S. FX broker Gain Capital has seen its shares steadily rise the past couple of weeks, with no new news out there, and this at a time when the overall equity markets have cooled off a…
Read moreAlpari Russia names its part-owner Andrey Dashin as Chairman, with an active role in management, despite his sole ownership of rival ForexTime. LeapRate Exclusive.... The relationship between global FX broker Alpari, and its former subsidiary ForexTime (also known as FXTM), has become even more complicated. It had seemed that the two co-founders of Alpari, Cyprus-based Andrey…
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