The US's big three - FXCM, Oanda and Forex.com (Gain Capital) - each led the way picking up $10M+ in new client assets in July.
Read moreLeapRate has learned that the National Futures Association (NFA) has this week brought a series of administrative charges against FXDD, which range from alleged inadequacies in investigating what the NFA regards as being suspicious activity in several customer accounts and violations relating to the requirement to implement an adequate anti money laundering (AML) plan, as…
Read moreLeapRate Exclusive... LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD's US client assets was done for cash consideration of $4.4 million. It turns out that the assets acquired were a little less than previously advertised - FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM's…
Read moreCFTC data reveals that US Retail FX traders held less than $600M at regulated US brokers in April - their lowest level since records began being published in 2009
Read moreAs the retail FX exodus from the US market continues, FXDD has issued a letter to its entire North American client base today stating that FXCM will take over all existing accounts.
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