Forex Market News
Forex scam: FCA warns against LevelTrade Ltd
Aug 11 2014 09:13:10 Yassen Vassilev in Market
The UK Financial Conduct Authority advises traders to stay away from LevelTrade Ltd (leveltrade.com) because the broker is not regulated by them but is offering services to UK citizens. We warn against their spreads.
Using an unregulated forex broker is a bad idea in general.
FCA upholds forex ads disclaimer in social media
Aug 06 2014 14:09:49 Yassen Vassilev in Market
FCA issued an official statement following complains from brokers that they find it difficult to advertise effectively in social media due to the need to put a long disclaimer in a limited space.
When brokers regulated by FCA advertise they need to put a disclaimer in the advert.
EU vows to facilitate CCPs application and certification
Aug 06 2014 12:38:12 Yassen Vassilev in Market
The European Securities and Markets Authority (ESMA) has issued its final report on the Guidelines and Recommendations regarding the implementation of the CPSS-IOSCO Principles for Financial Market Infrastructure by competent authorities regarding central counterparties pursuants.
Citibank Hong Kong offers 5x leveraged forex trading to existing bank accounts
Aug 05 2014 12:05:07 Yassen Vassilev in Market
Citigroup, a heavy weight champion forex liquidity provider, is announcing a relatively risk-low FX trading opportunity to their bank account holders in Hong Kong.
Bitcoin related BTC.com domain sold for $1.1 million
Aug 04 2014 15:07:28 Yassen Vassilev in Market
BTC.com domain was on sale for just few weeks before Mr Josh Garza from the bitcoin mining company GAWMiners acquired it for the stunning $1.1 million.
Bitcoin is a virtual currency which can be used as a real payment method.
Canada's financial regulator warns against NRGbinary and UFX Markets
Aug 01 2014 12:56:19 Stanimir Zhelev in Market
The Ontario Securities Commission (OSC), the authority regulating securities trading and investments in the province of Ontario, Canada, has issued warnings against two companies – NRGbinary (1) and UFX Markets (2).
Forex Scam: FCA Commences a Criminal Prosecution of Currencytrader
Jul 24 2014 07:48:37 Stanimir Zhelev in Market
Phillip Harold Boakes, a 54 year old owner of Currencytrader Limited, has operated an unauthorised investment scheme in UK for 9 years before get caught . On his site currency-trader.co.uk he is still promising to make money for his clients, fading breakouts just like the big market-makers do.
Forex Scam: FCA UK Warns of BPEFX
Jul 17 2014 09:19:22 Stanimir Zhelev in Market
Financial Conduct Authority (FCA) has issued a warning about BPEFX, another clone of UK regulated firm. The UK watchdog believes that the forex broker has been providing financial services or products in the UK without its authorization.
5 Forex Brokers Accepting US Clients and Offering Hedging and High Leverage
Jul 16 2014 14:49:56 Stanimir Zhelev in Market
Like most of you know, four years ago the Dodd–Frank Act limited the leverage offered by US forex brokers to 1:50, prohibited hedging and imposed the first-in-first-out (FIFO) rule. What's more, foreign forex brokers was prohibited from accepting US clients.
US Retail Forex Assets Finally Up in May
Jul 08 2014 08:17:56 Stanimir Zhelev in Market
According to data provided by CFTC, after hitting an all time low in April, customer assets held by US forex brokers has increased in May by $4.75 million, to almost $600 million.
FXCM remains the biggest US forex broker.
Forex vs. Binary Options: Industry Insights by Optimove
Jul 01 2014 13:27:22 Stanimir Zhelev in Market
Optimove, an Israel based developer of customer retention automation software, has examined 18 months of granular customer behavior data from a score of online Forex and Binary Option brokerages to find out that forex traders are less likely to convert initially, but are more likely to remain engage...
US Forex Traders' Assets Drop to an All Time Low
Jun 23 2014 13:46:20 Stanimir Zhelev in Market
Four years after Dodd-Frank Act came into force, limiting leverage and forbidding hedging all but the largest brokers to operate, US retail FX trading has dropped to an all time low.
ECB Meeting on June 5th - Scenarios, Targets and Impact on EURUSD
May 29 2014 11:49:48 Petar Momchev in Market
All around the globe investors and speculators are trying to figure out the next move of ECB on their next meeting. Consensus opinion indicates, that rate cut in all three rates ( including refi rate to 0,15 and deposit rate to -0,10% ) is with very high probability.