IBs and Affiliates
In what seems like a first, popular trading site myfxbook has cancelled its monthly Demo Trading contest due to concerns about the contest’s sponsor. The monthly trading contest is based on having a revolving broker sponsor. Traders open demo accounts …
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In a case submitted to the United States district court for the eastern district of Tennessee the group of 12 Plaintiffs claims that it was defrauded by IBFX (now subsidiary of TradeStation) and a money manager named Luis H. Rivas for about $25 million. The Plaintiffs claim two things – that …
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Forexmagnates Live and Exclusive report direct from London’s prestigious Old Billingsgate. The venue was host to the much-anticipated London Affiliate Conference (LAC) 2012. The London Affiliate Conference is one of the most recognised events for Affiliate operators in the world. …
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Forex Magnates has gone through a major change over this weekend with the launch of its new design, the launch of Forex Magnates Directory and migration to new servers. This represents perhaps the biggest change Forex Magnates has undergone since …
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Plimus is one of the largest processing and affiliate networks on the internet. Plimus rivals Clickbank, the biggest affiliates processing network, in processing various e-commerce digital products like ebooks, games, mobile apps and more. Those networks rival the large number of affiliate that use their services to further promote products offered through their sites.
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2011 was a very eventful year in the retail forex market. If anything, 2011 was the year of the regulator.
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NFA files complaint against Tracy Morgan Spaeth charging him with multiple misleading forex practices
23
2011
One of the webinars that Spaeth used to solicit customers promoted a computerized forex trading system, known as Tradestar, that the webinar claimed was almost risk-free and consistently profitable. The Tradestar trading system was developed and/or owned by Trade Star Incorporated, a company controlled by a convicted felon named Robert Mihailovich (Mihailovich), who, in July 2010, was charged by the Commodity Futures Trading Commission (CFTC) with fraudulently soliciting over $30 million from customers for forex and futures investments.
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Currensee which until now was a hub for retail forex traders looking to follow credible traders has now expanded into the institutional forex market. The move makes sense for Currensee for two reasons: first is that it still has not gained much traction in the retail forex market, the other is that Currensee has institutional investors which were probably instrumental in making this deal with HedgeCo happening. Institutional volumes are typically much higher than the retail ones and hence may be much more profitable for Currensee.
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ZuluTrade will pay signal providers only for profitable months, charged by NFA
18
2011
ZuluTrade finally made an important update to how it compensates signal providers – from now on those providers will be paid for volume made by their followers only if the month was profitable. This means that if signal provider lost money in a given month – it won’t get compensated by Zulu.
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ForexFolio, A New Introducing Broker, Makes Its Global Debut; Provides turnkey solutions for the Forex Market in 7 languages
9
2011
I’m very excited to see my good friend and colleague Jeff Baskin launching his new IB service and website. Jeff is a well known and respected figure in the forex market and is trying to deliver more honesty and transparency into this market. I’m sure Jeff’s existing and future clients will be more than happy with his service.
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