Forex Magnates is the home of the Forex Elite providing up to date industry news coverage, commentary and scoops

Looks like the opposition to the CFTC rules is picking up: Following the creation of Forex Dealers Coalition (www.fxdc.org) by most of US forex brokers, Introducing Brokers, who are expected to be severely hit by the new rules as well, are forming a coalition of their own.
Today, a group of leading Forex Introducing Brokers (IBs) announced the [...]

With all the 1:10 leverage turmoil happening lately we shouldn’t forget that NFA/CFTC are the only retail forex watchdogs in the US. From time to time the agencies perform well in uncovering forex frauds and in shutting down problematic businesses.
A few days ago NFA cracked on quite a few CTAs which lost millions of clients [...]

January 4, Chicago – National Futures Association’s (NFA) has permanently barred Parman Financial (Parman) and its principal, Lyndon L. Parrilla, from NFA membership. Parman is a Commodity Trading Advisor located in Woodland Hills, California. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in June 2009.
The Panel found that [...]

“Canary Wharf, London (PRWEB) December 6, 2009 — Saxo Bank, the specialist in online trading and investment, has announced that it has entered into a definitive agreement to acquire E*TRADE International’s local Nordic online trading business and online bank from E*TRADE Nordic AB, an indirect subsidiary of US-based financial services company E*TRADE FINANCIAL Corporation. The [...]

So, a few days ago, ActForex came out with a new Platform, simply dubbed : “the new ActForex Trader”. Fair enough.
Recently I decided to download a demo copy of their new platform, just to see how it works and what are it’s useful and defining features. Please note this is not an in-depth review of [...]

The current retail Forex market is an ambiguous one to say the least, and new traders are immediately overwhelmed with various terminology, personal opinions, conflicting reviews, and sometimes downright arrogance from more “senior traders”. This often leads to confusion, uneducated decisions, equity losses, and ultimately, a feeling of helplessness.
Welcome to the new home of getting [...]

Dear Readers,
Many of you have been avidly following this blog and the numbers grow every month. You have probably noticed by now that this blog is unlike any other. This is why it is a first read material for brokers, IBs and CTAs, traders and others curios to know the real, behind the scenes happenings [...]

Asset management firm selects Zurich based securities house as prime broker for segregated FOREX accounts.
Since inception Polaris Trading Partners have provided clients with a liquid and transparent investment opportunity. Which of course is paramount in current economic climates.
FX funds have seen a massive increase in their AUM in recent months due to a volatile market [...]

Dear Reads, Forex Magnates is looking to grow its offering to Traders and IBs and right now is looking for Forex Analysts who will provide content to the Traders section and Experts in the Introducing Brokering business to provide reviews and recommendations to the IBs and Affiliates section and Software Development Experts to manage the [...]

Hello Dear Readers,
Following much larger than expected traffic and multiple requests I have redesigned the site to answer all demands: from now on you’ll be able to read all Forex related news in one centric Forex hub.
As you might have noticed the site is now divided into four different sections: Traders, Brokers, IBs/Affiliates, and Software [...]