Forex Brokers News
Plus500 boasts record revenue, new customers in 2016
Feb 07 2017 10:09:08 Jonathan Smith in Brokers
Plus500, one of the leading European forex and CFD brokers, reported record revenue and numbers of new customers in 2016.
According to the preliminary unaudited report for the year, the broker had a net profit of $117.2 million, up 21% from 2015 and revenues of $327.
FXCM gets $7 mln fine from CFTC, sells US business to Gain Capital
Feb 07 2017 08:31:03 Jonathan Smith in Brokers
In a surprising twist of regulatory fate, FXCM – the largest US retail forex broker – got banned from doing business there and was fined $7 million by the CFTC, all in the fateful afternoon of February 6, 2017. The reason: misleading customers and regulators.
FXTM’s clients can now use Gold as trading collateral, with optional physical delivery
Feb 07 2017 08:07:35 Jonathan Smith in Brokers
Global awarding-winning broker FXTM announced on Monday it now offers its clients the opportunity to buy, sell and store physical gold. Furthermore, the monetary value of the gold in a client’s FXTM account can be converted into tradable credit.
FXTM improves margins for Indices and Commodities CFDs on ECN accounts
Feb 06 2017 12:32:19 Jonathan Smith in Brokers
Cypriot forex and CFD brokerage FXTM announced amendments to trading conditions of certain instruments previous week. The broker alters margin requirements for Indices and Commodities CFDs on its ECN server as of today, February 6.
Quebec to ban binary options?
Feb 02 2017 15:20:19 Jonathan Smith in Brokers
Quebec, the mainly French-speaking Canadian province may become the first region in the country to ban the offering of binary options to its residents altogether.
Exness and Leverate’s VinciCM set default leverage to 1:50 in line with CySEC’s requirements
Jan 30 2017 08:49:15 Jonathan Smith in Brokers
In order to be in line with the new requirements introduced by the Cyprus Securities and Exchange Commission (‘the CySEC’), several Cypriot brokerages announced amendments to their trading conditions.
GMO Click Securities to launch virtual reality forex trading app
Jan 27 2017 08:49:21 Jonathan Smith in Brokers
GMO Click Securities, Japan's largest forex broker, announced the launch of its virtual reality forex trading app for smpartphones GMO-FXVR Trade.
CMC Markets reports more clients, braces for hard regulatory times
Jan 26 2017 14:05:28 Jonathan Smith in Brokers
CMC Markets, one of Europe's leading forex, spread betting and CFD brokers, has reported a 13% increase in its client numbers in Q4 2016 and “net operating income for the period in-line with the same period last year”.
XTB reports 33.8% drop in 2016 net profit
Jan 26 2017 08:45:16 Jonathan Smith in Brokers
XTB, a European forex and CFD broker regulated in Poland and the UK, has reported a 33.8% decline in its net profit for 2016, in comparison to 2015.
According to the preliminary data of the company, the net profit in 2016 was a little over PLN 78.7 million ($19.
OANDA broadens global technology footprint with Equinix in Singapore
Jan 25 2017 11:12:49 Jonathan Smith in Brokers
Canada-based forex broker Oanda has further demonstrated their commitment to providing clients with ultra-low latency by extending their global partnership with interconnection and data centre provider Equinix, to Singapore.
IG kills binary options for new clients, reports record H1 FY17 revenue
Jan 24 2017 10:53:21 Jonathan Smith in Brokers
IG, one of the largest forex, CFD and spread betting (UK only) brokers, announced it stops offering its binary products across the world, except in the US and Japan.
Saxo Bank adds Autochartist tools, live signals to SaxoTraderGO
Jan 23 2017 15:29:03 Jonathan Smith in Brokers
Saxo Bank, the Denmark-based global forex broker and bank services provider, announced it has made the Autochartist automated technical analysis tools and live trading signals available in its proprietary trading platform SaxoTraderGO.
BDSwiss binary options broker pays €150 000 in settlement
Jan 23 2017 14:22:35 Jonathan Smith in Brokers
The Cyprus Securities and Exchange Commission (CySEC) said it has reached a €150 000 settlement with the forex and binary options broker BDSwiss. The sum has already been paid to the coffers of Cyprus.