Forex

Tag: US

FXCM Group reports declining February metrics

Mar 15 2017 09:00:35 Jonathan Smith in Brokers

FXCM Group, which now contains all FXCM subsidiaries, except the US, has reported a decline in its February retail and institutional customer trading metrics.    According to the document, the customer trading volume in February amounted to $201 billion. Read more

FBI: Losses from binary options fraud run into the millions

Mar 14 2017 13:02:11 Jonathan Smith in Market

 It seems that the regulators and law enforcement agencies across the world are finally becoming aware of the risks of trading in binary options. Read more

FXCM has $155 million left to repay to Leucadia

Feb 28 2017 13:24:05 Jonathan Smith in Brokers

After having made payments in the amount of $238 million to Leucadia National Corp., Forex Capital Markets (FXCM) has $155 million left to repay to its US lender, Leucadia National Corp. Read more

Gain Capital gains 47 000 ex-FXCM US clients with $142 mln. in assets

Feb 28 2017 13:03:25 Jonathan Smith in Brokers

Major US forex broker Gain Capital, announced it has successfully migrated the accounts of 47 000 retail US clients of FXCM to its Forex.com retail brokerage brand. They have approximately $142 million in assets. Read more

FXCM expects its US exit to trigger international growth

Feb 13 2017 10:10:07 Jonathan Smith in Brokers

A couple of days after the news about FXCM [NASDAQ:FXCM] leaving US forex market and selling its client base to peer Gain Capital broke, the top forex broker announced key metrics for the nine months, ended 30 September, 2016. According to the data disclosed, FXCM generated a net loss of $13. Read more

Gain Capital to pay up to $500 for each FXCM client, conditions apply

Feb 10 2017 08:49:12 Jonathan Smith in Brokers

Following the regulatory penalties and dramatic exit of the largest US forex broker FXCM from the country and the subsequent announcement that Gain Capital is buying off FXCM's retail forex clients, new details are emerging about the deal. Read more

It's finalized: Gain Capital gets FXCM's US retail forex clients

Feb 08 2017 08:46:16 Jonathan Smith in Brokers

Just a day after FXCM – the largest retail forex broker in the US – lost its NFA and CFTC licenses and got fined $7 million for misleading clients and misinforming the regulators, its main competitor Gain Capital confirmed it is acquiring FXCM's US retail clients. Read more

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. Read more

Interactive Brokers’ income before taxes increases by 66.2% in 2016

Jan 18 2017 08:39:23 Jonathan Smith in Brokers

Multi-asset automated brokerage Interactive Brokers (NASDAQ GS: IBKR) announced key financial and trading metrics for 2016 on Tuesday.  Leading US broker and a market maker reported its income before taxes for 2016 came in at $761 million, which is a growth of 66.2% compared to 2015. Read more

US forex traders to have greater transparency with respect to execution data

Jan 06 2017 08:34:24 Jonathan Smith in Market

The National Futures Association (NFA), the self-regulatory organization overseeing the activities of the US forex brokers, said its new rules on disclosure of transaction data have been approved by the Commodity Futures Trading Commission (CFTC) and will come into effect as of March 31, 2017... Read more

Forex.com launches new premium account for high-volume traders in US and Canada

Nov 15 2016 09:06:08 Stanimir Zhelev in Brokers

The operator of Forex.com - GAIN Capital (NYSE: GCAP) - announced a new type of premium account on Monday. Designed for high-volume traders the new premium account will offer spreads as low as 0. Read more

NFA orders US forex brokers to raise margin requirements for GBPUSD

Nov 07 2016 15:27:54 Stanimir Zhelev in Market

The US National Futures Association (NFA), the self-regulatory organization overseeing the activities of the US forex brokers, said it is raising the required minimum security deposit for transactions with the GBP from 2% to 5%. Read more

US forex deposits in May: FXCM retains leader position, Gain Capital outstrips Oanda

Jul 12 2016 15:13:57 Stanimir Zhelev in Brokers

The US retail forex market slightly grew in May 2016 from the previous month in terms of client forex deposits, the latest futures commission merchants (FCMs) report of the US Commodity Futures Trading Commission (CFTC) indicated. Read more

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