Author Archives: Guest Author

FXCM Reports Monthly Metrics for June 2011 – Retail Customer Trading Volume of $938 billion for Q2/2011 -Highest in FXCM History

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Overall the June 2011 metrics were lower compared to May 2011 metrics but higher than June 2010 metrics. Normally brokers expect lower volume in the summer months due to lower volatility, but the ongoing Greek debt crisis caused an increase …
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Gold-i Announces Partnership with Smart Live Markets and Swissrisk

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Recently Gold-i announced a partnership with Swissrisk Partners to offer a unique pricing index for Smart Live Markets. This announcement caught our attention for several reasons, so we reached out to Paul Hare, Director of Trading at Smart Live Markets and Tom Higgins, CEO of Gold-i.

Smart Live Markets is one of the first MT4 brokers that offers spread betting. The spread betting status gives a tax advantage to traders in the UK. Financial spread betting is free from capital gains tax and stamp tax.
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MIG Bank offers solution to US residents

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MIG Bank, a Swiss bank that will no longer be allowed to accept US clients after July 15th, has offered an alternative to their US clients. They have partnered with Penson Futures as their White Label partner in the US. …
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Exchanges still competing in the FX Space: Deutsche Börse moves into FX derivatives

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The growth of the FX OTC market has put pressure on recognised exchanges across the globe as volumes were shrinking in traditional products like equities and bonds. CME offers FX futures on around 50 pairs, including majors and emerging like the Korean Won and Russian Rubble, and a daily volume in the range $100 billion plus (notional value). Other leading exchanges like the SGX and Eurex also have some sort of FX offering.
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Available Gold and Silver trading choices for US traders

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The Dodd-Frank Act which passed past last summer in the US is continuing to affect the operations of US regulated brokers and the clients they serve. A provision which goes into effect on July 16th brings into question the ability …
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eToro launches CopyTrader

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eToro continues to innovate with CopyTrader, a new function in the OpenBook social networking platform. CopyTrader allows a user to follow other successful traders on the eToro social network. This is a bold move by eToro — they are one …
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FSA Bans And Fines Self Employed Trader Barnett Michael Alexander £700,000 For Market Abuse

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by Adil Siddiqui, Independent Financial Services professional. The FSA has been closely monitoring Financial Markets and the transparent functioning post Lehman. This the first time an individual has been fined such a harsh amount in the derivatives trading in particular …
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Analyzing public forex brokers – what analysts need to know

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On the heels of latest controversy surrounding the ostensibly low growth number of FXCM we at Forex Magnates decided to compile a short guide for capital markets analysts and hedge fund investors which will help them better understand how this …
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ForexClub releases Mirror Trader

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ForexClub has launched the Mirror Trader platform by Tradency. ForexClub advertises that they have the lowest spread on the Mirror Trader platform beating their competitors by anywhere from 0.2 to 1.1 pips on the major pairs. This is a great …
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CMS Forex launches infographic and social marketing initiatives

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CMS Forex launched a new marketing initiative for the summer centered on info graphics and social media. Info graphics or information graphics are graphic visual representations of information or data. Given that 70% of forex traders consider themselves beginners (trading …
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Mirror Trader
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