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.
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.
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.
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.
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.
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.
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%.
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.
US forex deposits in April: FXCM retains leader position, Gain Capital outshined by Oanda
Jun 14 2016 14:47:50 Stanimir Zhelev in Brokers
The latest US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs) reveals a shrinking retail forex market and a swap of places between leading brokers Gain Capital (doing business as Forex.com) and Oanda. Gain Capital`s client obligations fell by 8.
US forex deposits in March: FXCM is still number one, Gain Capital remains a solid second
May 12 2016 13:28:57 Stanimir Zhelev in Brokers
According to the US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs), FXCM and Gain Capital continue to lead the ranking of retail client deposits, registering $168.2 million and $137.3 million, respectively.
US forex client deposits: FXCM retains leader position, followed by Gain Capital
Apr 05 2016 12:48:18 Stanimir Zhelev in Brokers
According to the US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs), FXCM retained its leader position, registering $176.5 million retail forex client deposits.
US FINRA Warns of Bitcoin, Says It's More than Bit Risky
Mar 12 2014 07:33:11 Maria Nikolova in Market
The Financial Industry Regulatory Authority (FINRA) – a non-governmental organization in the United States that provides oversight of the securities sector and Forex too, on Tuesday issued an alert about the risks associated with Bitcoin and the other digital currencies.
Phillip Futures Prepares to Enter US Forex Market
Feb 25 2013 12:31:33 Miloslava Dimova in Brokers
With all the turmoil the National Futures Association (NFA) caused in the USA this year and companies like FXSolutions now starting to pull away from US Forex trading, it comes as a surprise that anyone actually wants to enter and develop that market.