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Latest Forex News

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01, Jonathan Smith in Brokers

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones.   This news comes just a couple of months after FXTM has become an official partner of the Sahara Force India Formula One racing team, so the broker the broker takes a prominent role in two of the most iconic motorsport events of the season. Read more

CySEC considers banning binary options altogether

May 25 2017 14:30:53, Jonathan Smith in Market

The Cyprus Securities and Exchange Commission (CySEC) considers banning binary options trading altogether, reported Finance Magnets. The online media cited CySEC Head, Demetra Kalogerou, who delivers a speech at the iFX Expo International 2017 on Thursday.   The Cypriot financial watchdog is still conducting consultations on the matter, but highlighted the main problems with binary options: non-transparent pricing and conflict of interest. That is why the commission considers that probably “It will be more appropriate to suggest binary options only to professional traders,” as stated by Demetra Kalogerou. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15, Jonathan Smith in Brokers

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD.   The programme consists of five tiers and all clients of the broker with Pro accounts are automatically enrolled:     The aim of the programme is for traders to work their way up the tiers and as they do so, their trading commissions decrease. Clients can upgrade their status by increasing their turnover volume or by depositing significant equity with the broker. Read more

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40, Jonathan Smith in Brokers

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Through the acquisition, the broker will connect its trading infrastructure to the app, thus offering users the ability to analyze and trade from a single platform, with no loss of functionality.   Given the rapid growth of the mobile trading market, the deal marks a major step forward for ThinkMarkets. Trade Interceptor has been downloaded almost half a million times to-date and is ranked in the top three on app stores (including iOS, Android, Windows Mobile, Amazon’s FireOS and Blackberry) around the world. Read more

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34, Jonathan Smith in Brokers

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option.com), 53CapitalTrade (53capitaltrade.com), PrimeFX (pfx-bank.com) and ArcTrader (arctrader.es).   According to the public warning notice, TradeV, operated by TradeV Ltd., is not authorized to provide investment services or investment advice and auxiliary services, including foreign currency transactions in Spain. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31, Jonathan Smith in Brokers

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex.com joining later in 2017.   GAIN Affiliates' services include on-demand banner adverts, content and videos available through its self-service portal, as well as on-demand performance reporting with multilingual support.   "Our new affiliates offering expands on our very successful Introducing Broker program, which has been in place now for well over a decade. Read more

WallStreet 2.0 EA Review - Is it scam or reliable forex trading system?

May 16 2017 11:50:45, Stanimir Zhelev in Expert Advisors

In this review we will showcase the wallstreet-forex.com automated trading system. You may have recently heard about them and be deliberating an investment. Be sure to read this review before making an informed decision.    It is worth mentioning, the company was offering different services in the past, which we have previously reviewed. This article will be based on their 2.0 services.   Strategy   The full package offered by wallstreet-forex.com contains three expert advisors. In terms of strategy they offer three different ones: The Forex Robot 2.0 Evolution appears to be a scalper. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39, Jonathan Smith in Brokers

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. More importantly, the market value of Global Brokerage’s publicly held shares does not meet the requirements of Nasdaq, which could lead to its eventual delisting from the exchange, by October 30, 2017.   Global Brokerage’s U.S. GAAP trading revenue from continuing operations amounted to $45.1 million for the quarter ended March 31, 2017, down by 23.4% compared to Q1 of 2016. What is more, in Q1 of 2017 the company turned to net loss of $24. Read more

Online investment scams in Australia mark a 130% increase YoY

May 15 2017 13:26:28, Jonathan Smith in Market

The report of the Australian Competition and Consumer Commission (ACCC) for 2016 revealed that Investment scheme scams caused the greatest losses to Australians, after romance and dating frauds. According to the report, online Investment scams in Australia increased by 130% YoY, and the highest reported losses for phone based scams amounted to AUD $11.5 million, most of which involved binary options.   Online scams (delivered via the internet, email, social networks and mobile apps) collectively outnumbered phone based scams. Read more

Forex Real Profit EA Review - Is it scam or good forex system?

May 15 2017 11:53:10, Stanimir Zhelev in Expert Advisors

You may have heard about Forex Real Profit EA and decided to get more info on them. In this review we will give our honest opinion of their system, their results and most importantly whether we would recommend dealing with the company.    Strategy   The strategy applied by Forex Real Profit EA is rather risky in hour opinion. They describe it as six separate robots, with tow of them scalping during the Asian Session, 2 scalping on trends, throughout the day and two breakout strategies. This may appear to be a diversified approach, but in this case we believe looks to be deceiving. Read more

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Bonuses

Free Live Webinar on French Presidential Elections by Windsor Brokers

As all eyes are now on the French Elections, Cyprus-regulated forex and CFD broker Windsor Brokers invites all interested parties to join its Free Live Webinar on French Presidential Elections on Monday, April 24 to analyze the market impact after the 1st vote round.   France will elect a new president after two rounds of voting on 23 April and 7 May 2017. The French Elections are expected to cause high market volatility and a number of brokers have temporarily changed their trading conditions to mitigate the risks. All traders wonder how would EUR/USD be influenced by the results from the first vote round. Read more

40% Bonus on Each Deposit by Grand Capital

   Who grants it? Grand Capital – a broker that is originally from Russia and registered in the Seychelles. Operating since 2006, the brand is owned by Grand Capital ltd, a company that is also regulated by the Financial Commission (FinaCom), a Hong Kong-based external dispute resolution (EDR) organization.   Who can get it? Entitled to receive 40% bonus on each deposit (up to $20 000) are Standard, Swap Free, Investor, Master account holders with Grand Capital who have passed verification (of their mobile numbers). The broker reserves the right to require additional documents for identification. Read more

$88,8 Welcome No-Deposit Forex Bonus by FBS (available to clients from Malaysia)

Who grants it? FBS - an award-winning broker licensed in Belize, that has more than 8 years of experience in the forex industry. It offers its clients competitive trading conditions, wide range of trading accounts, payment methods, several trading platforms, as well as various promotions.   Who can get it? The lucky bonus $88,8 is a special offer to Malaysian traders who open new accounts. Each new client from Malaysia can get the $88,8 no-deposit bonus after opening a special account and verification of his or her e-mail and phone number.   What’s the catch? Everything about this bonus is somewhat related to the number 8. Read more

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