FXCM's November retail client deposits fall YoY
Jan 05 2017 09:29:51 Jonathan Smith in Brokers
The deposits of FXCM's retail clients in November 2016 amounted to $178,375,472, shows the latest CFTC data from US retail forex brokers. This is 1.6% more than in October 2016, but 5.3% lower than November 2015.
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%.
Client funds held at US forex brokers increase 2.8% m/m in September
Nov 11 2015 13:27:09 Stanimir Zhelev 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).
US broker MB Trading to stop providing forex trading services
Oct 14 2015 14:29:05 Stanimir Zhelev 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.
CFTC prohibits US forex brokers from accepting credit card deposits
Dec 02 2014 17:07:24 Stanimir Zhelev 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.