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All news by Jonathan Smith

FinaCom warns of 247Options Trade binary options broker

Aug 11 2017 07:44:17 Jonathan Smith in Market

 The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers has added the binary options broker 247Options Trade to its warning list. Read more

Lion FX Trader EA Review - Is it scam or good forex system?

Aug 10 2017 10:49:33 Jonathan Smith in Ea

The Lion FX Trader automated system is a rather popular recent example of the dangers involved with grid-based trading strategies. We would advise you to read our basic explanation on the topic of grids, martingale and hedging, if you are not familiar with these terms. Read more

AxiTrader launches Tradency's Mirror Trader platform

Aug 10 2017 08:59:47 Jonathan Smith in Brokers

 AxiTrader, an Australian forex and CFD broker, announced it has teamed up with the fintech company Tradency to provide the mirror trading platform Mirror Trader to its clients. Read more

FXCM's quarterly results recover, monthly results decline

Aug 10 2017 07:50:49 Jonathan Smith in Brokers

  FXCM Group, the two remaining forex, CFD and spread betting units of Global Brokerage, reported total net revenues of $49.4 million for the second quarter of 2017, ending on June 30. This is 10.1% less than the same quarter of last year, but 7.6% more than Q1 2017. Read more

Ninja Trainer EA Review - Is it scam or good forex system?

Aug 09 2017 13:34:46 Jonathan Smith in Ea

The Ninja Trainer is a relatively popular system, which we would like to review. Read more

Italy's CONSOB warns of Iforex24 forex broker

Aug 09 2017 13:30:03 Jonathan Smith in Market

 Italy's financial markets and services watchdog CONSOB has issued a warning that the offshore forex broker Iforex24 is not licensed to provide services in Italy. Read more

Poland's KNF warns of Mib700 forex broker

Aug 09 2017 11:41:06 Jonathan Smith in Market

 The Polish Financial Supervision Authority (KNF) has issued a warning that the offshore forex broker Mib700 and its owner Blue Seal Limited are not registered in Poland.     KNF says it has filed the matter with the Regional Prosecutor's office in Warsaw. Read more

Gain Capital paid $7 mln for FXCM's US clients

Aug 09 2017 10:24:04 Jonathan Smith in Brokers

Gain Capital, owner of the leading US forex broker Forex.com, has paid $7 million for the clients of the now defunct US branch of Global Brokerage (FXCM), shows a regulatory filing with SEC. In Q1 2017 Gain Capital paid FXCM $5.1 million and the remainder was paid in the second quarter. Read more

Swissquote Bank boasts record results

Aug 09 2017 09:24:58 Jonathan Smith in Brokers

 Swissquote Bank, the parent of the forex broker Swissquote, reported its H1 2017 results and said it “breaks all records”.   The operating revenues rose 16.5% to CHF 90.5 million ($93.9 million), while the net profit rose 60.8% to CHF 17.9 million. Read more

IronFX gets $100 mln from a Middle Eastern family office

Aug 09 2017 08:00:52 Jonathan Smith in Brokers

 The forex broker IronFX announced it concluded an agreement for a strategic investment of $100 million from “a prominent MENA region family office investor”.   The sum will be transferred in tranches and will be used to fund the broker's growth capital needs. Read more

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