Federal Court Freezes Assets of Texas Trading Firm M25 Investments Charged by the CFTC with an $8 Million Forex Fraud
Court appoints a receiver to indentify assets and funds owed customers
Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained an emergency court order freezing assets held by defendants M25 Investments, Inc., M37 Investments, LLC, Scott P. Kear, Sr., Jeffrey L. Lyon, all of Waxahachie, Tex., and David G. Seaman, of [...]
Integral Introduces TrueFX – Free Real-time Interbank Rates For All
September 30, 2009
*Integral Delivers Clean, Dealable Liquidity And Free Market Data *
- *Provides Retail Brokers With Direct Market Access To The Interbank FX
Market*
- *Free Historical and Real-Time Tick-by-Tick Data Available On
TrueFX.com *
- *Provides Safety and Auditability to the FX Market*
MOUNTAIN VIEW, Calif.– Signaling a dramatic shift in how foreign exchange market participants gain visibility into [...]
What Currency Pairs To Trade? (II)
People who dip into the waters of forex trading deliberate on which pairs to trade. While EUR/USD is usually the first choice, it isn’t the most predictable currency pair, and the noise around it can be very confusing.
Guest Post by Yohay Elam of Forex Crunch – Forex Trading Blog.
New forex traders are usually given the [...]
Forex MegaDroid Finally Understands FIFO
You may well remember that when the forex markets opened on August 3rd the controversial new NFA First-In First-Out regulations came into force. You may well also remember some publicity about a MetaTrader 4 “robot” called Forex MegaDroid, which according to it’s website has still had “No Losing Trade Since 20th March 2009!” If you’ve got a [...]
EUR/GBP Continued Strength
Sorry all for the delayed upload. There were technical issues yesterday so that we could not post here in a timely manner. Original posting was from yesterday as seen at www.backbayfx.com/blog.php
24 September, 2009 by Stephen Leahy
Boston September 24, 08:56 EST
EUR/GBP (current bid .9131) keeps moving relentlessly higher. It is one of our [...]
Saxo pull the plug on TradeCommander
On 1 October 2009 TradeCommander will be suspended indefinitely and removed from Live and Simulation SaxoTrader platforms.
Quoting Saxo, “At 0800 GMT (1000 CET) on 1 October, all running systems will be stopped. Therefore Clients with active trading systems should stop these systems (and if they wish, export/save/print them) before the end of September 2009. Open [...]
U.S. District Court Issues Orders Against Four Defendants
U.S. District Court Issues Orders Against Four “Operation Wooden Nickel” Defendants for their Roles in Defrauding Investors and Banks in Illegal Foreign Currency Schemes
Vito Napoletano and Boris Shuster, of New York, and Patrick Sweeney and Joseph Torre, of New Jersey, ordered to pay more than $7.6 million in restitution and penalties.
Washington, DC — The U.S. [...]
Forex brokers – Can we trust them?
One question that I get asked all the time is, how do we trust Forex brokers? And if so, which ones?
The first thing I would say is, in this world and climate, have your wits about you. Remember the X-Files? “Trust no-one” was one of Mulder’s mottos. So first things first, do your research. Even [...]
What Currency Pairs To Trade?
Many forex brokers advertise themselves by boasting very low spreads. While this may be appealing to some forex traders, they shouldn’t turn a blind eye to other characteristics of the broker.
Guest Post by Yohay Elam of Forex Crunch – Forex Trading Blog
.Advertisements across the web flaunt very narrow spreads between the Ask and Bid prices. [...]
eToro Partners With U.S. Broker And Launches U.S. Subsidiary – eToroUSA
Up until recently, the eToro platform, which has taken the international online forex trading industry by storm, has had to refuse the thousands of U.S. based traders knocking on its door. You see, Etoro is not actually licensed with the NFA, hence has to use a licensed broker to introduce its trading platform to US [...]
