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Tag: us forex

Client funds held at US forex brokers increase 2.8% m/m in September

Nov 11 2015 13:27:09 in Market

The total amount of retail forex obligations held at brokers active in the US was $568.3 million in September, according to data from the Commodity Futures Trading Commission (CFTC). Read more

US broker MB Trading to stop providing forex trading services

Oct 14 2015 14:29:05 in Brokers

MB Trading, a California-based forex and futures broker, has announced that it will stop offering forex trading services to retail clients. The news comes a couple of months after MB Trading agreed to be acquired by TradeKing group. Read more

TradeKing to acquire US forex broker MB Trading

Aug 26 2015 15:02:23 in Brokers

In a move to further extend the scope of its online brokerage offering, TradeKing Group announced today that it has entered into an agreement with California-based MB Trading to acquire all of the firm’s assets. Read more

CFTC prohibits US forex brokers from accepting credit card deposits

Dec 02 2014 17:07:24 in Market

As of January 31, 2015, US forex brokers will no longer be able to accept credit card payments. Online money transfer systems like Paypal will be also prohibited as account funding method. Read more

US Forex Traders' Assets Drop to an All Time Low

Jun 23 2014 13:46:20 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. Read more

FXCM to Acquire FXDD's US Forex Business

May 07 2014 19:49:45 in Brokers

FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange trading and related services worldwide, today announced that its U.S. subsidiary, Forex Capital Markets LLC ("FXCM U.S."), has signed a definitive agreement with FXDirectDealer LLC (FXDD) to acquire their U.S. Read more

GAIN Capital's GTX Gets Temporary Registration as SEF

Apr 17 2014 19:53:10 in Market

Only a couple of hours ago, the Commodity Futures Trading Commission (CFTC), the big-teeth watchdog of the United States, announced that it had granted a temporary registration as a swap execution facility (SEF) to GTX, a subsidiary of Forex major GAIN Capital. Read more

ILQ Issues Notice to Clients on Business Liquidation

Apr 10 2014 07:19:08 in Brokers

Institutional Liquidity (ILQ) LLC, the US futures commission merchant (FCM) which a couple of days ago stunned the trading community by announcing the transfer of its US futures business to rival Advantage Futures, has just published a notice to its clients concerning the liquidation of the b... Read more

US Court Slaps $2.2M in Penalties for Forex Ponzi Scheme

Mar 24 2014 08:14:05 in Market

A district court in Ohio, the United States, has imposed financial penalties of more than $2.2 million on the defendants in a Forex fraud case brought up by the Commodity Futures Trading Commission (CFTC). Read more

CFTC Takes Action against $1.15M Fraudulent Forex Scheme

Mar 21 2014 07:00:03 in Market

The United States Commodity Futures Trading Commission (CFTC) announced on Thursday that it had taken enforcement action against Dallas citizen Steven Lyn Scott over soliciting clients to pump funds into a fraudulent Forex scheme. Read more

Retail Assets at US Forex Brokers Finally Grow in Jan'2014

Mar 14 2014 19:07:52 in Brokers

After seeing a couple of months of declines in the amount of retail assets under custody of US Forex brokers registered as futures commission merchants (FCMs), we were happy to note that in January 2014 the fortunes in this respect finally brightened. Read more

GAIN Capital Acquires Majority Stakes in GAA, Top Third

Mar 13 2014 06:24:27 in Brokers

GAIN Capital, the US online trading expert which we know for its ownership of retail Forex brand FOREX. Read more

Misleading Forex Lessons Lead to Charges by CFTC

Feb 28 2014 07:51:00 in Market

The United States Commodity Futures Trading Commission (CFTC) definitely has an eye to detect scams in the Forex sector and its latest actions against a California citizen and her companies  reiterate this ability of the regulator. Read more

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