Author Archives: Michael Greenberg

CFTC Sues 14 Foreign Currency Firms in Nationwide Sweep

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CFTC SUES 14 FOREIGN CURRENCY FIRMS IN NATIONWIDE SWEEP Action represents first use of new authority under the 2008 Farm Bill and Dodd-Frank Act to regulate foreign exchange dealers. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today …
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Forex Pros adds new mobile site for touch-screen phones

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Fxstreet and Mataf have both recently launched their own mobile versions of their respective websites and report astonishing success. I guess mobile forex content is as popular, if not more, than mobile forex trading right now. ForexPros too picked up this trend …
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Alpari launches QuantumFX (a Currenex platform)

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Alpari who were gearing for this launch in the past months have finally announced the release of what they call the QuantumFX platform, which in essence is a fancy name for Currenex platform. Alpari are heavily investing in becoming a …
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eToro Completes $8.3 Million funding, launches Market Leaders program

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Now that’s a warchest! Interesting to note is that when Currensee raised its own warchest about a year ago the funding round too immediately preceded an announcement about the launch of the Trade Leaders/Market Leaders programs. I guess the investors …
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MB Trading to pay for Limit Orders on its ECN

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Manhattan Beach Trading Financial Services, Inc. (“MBTFS”) and MB Trading Futures, Inc. (“MBTF”) (collectively “MB Trading”), which is a technology-driven, low-commission brokerage specializing in order routing in FOREX, Equities, Futures, and Options through various global exchanges and electronic networks, announced …
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Metaquotes releases iPhone app for MT5

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Metaquotes just announced the release of its Metatrader 5 mobile app. The app is available for iPhone, iPod and iPad. This is an interesting move as for the first time Metaquotes releases not only just its platform (which is obviously …
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CFTC Charges Anthony Eugene Linton with Operating a Forex Ponzi Scheme

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Federal court issues emergency order freezing Linton’s assets and preserving books and records. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained an emergency federal court order freezing the assets of defendant Anthony Eugene …
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Gain Capital launches VT Trader

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Gain Capital has finally completed the integration of VT Trader and will soon launch it. Gain Capital has acquired CMS Forex’s retail business and migrated all its clients to its proprietary platform and MT4. At the time CMS Forex’s clients …
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A Million Dollar Ponzi Lady Charged with a Forex Ponzi Scheme

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Malaysia has been blessed with a very active forex trading crowd, this unfortunately always attracts scammers: The Securities Commission Malaysia (SC) today secured a deterrent sentence against Raja Noor Asma Raja Harun, the director of FX Capital Consultant and FX …
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NFA to investigate all forex brokers for unfair trading practices

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NFA says it is about to launch an investigation involving all US forex brokers in order to find out whether they cheat their clients. The National Futures Association says it will begin analyzing trades executed by its 16 member forex …
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