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Tag Archives: Forex Club

NFA Announces June 30 Date for New Capital Requirements of FCMs Acting as a Counterparty to Forex Transactions

Apr
11
2013
Posted by Ron Finberg in Regulation
2 Comments

Announced in November of last year, the NFA has decided on a June 30, 2013 date for FCMs acting as counterparties to forex transactions to maintain a minimum capital requirement of $20,000,000. The rule is aimed at RFEDs that downgraded …
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America loses another forex broker: Advanced Markets withdraws its RFED license

Oct
24
2012
Posted by Michael Greenberg in Brokers
2 Comments

Updated with Advanced Market’s official response, below. The number of US retail forex brokers keeps plummeting with Advanced Markets, aka AMIFX, becomes the latest to withdraw its retail (RFED) license. The firm was today put on what NFA calls a …
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Forex Club officially starts cooperating with FXCM on its retail clients base

Oct
15
2012
Posted by Michael Greenberg in Brokers
0 Comments

As we wrote back in August – Forex Club, which downgraded its US RFED license to FCM and is no longer able to take on retail clients, is now passing them to FXCM. Both firms wouldn’t confirm this back when …
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Change at Forex Club Continues, Vladimir Kozlov Appointed New CEO

Sep
10
2012
Posted by Ron Finberg in Brokers,Retail Forex
0 Comments

Forex Club has just announced that Vladamir Kozlov has been appointed CEO of the company. The change in management continues an active several weeks for the broker which included downgrading its regulatory status in the US as well as partnering …
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FXCM to partner with Forex Club on its US clients base

Aug
26
2012
Posted by Michael Greenberg in Brokers
0 Comments

While nothing is public yet and the deal may not have been even signed yet, it seems that FXCM is about to either partner or acquire Forex Club’s US clients base. Forex Club recently announced that it will downgrade its …
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America loses another retail forex broker – Forex Club to focus on institutional business

Aug
9
2012
Posted by Michael Greenberg in Brokers
10 Comments

Thanks to considerable regulatory efforts making it extremely difficult for forex brokers to operate in the US the number of forex brokers keeps going down. Forex Club today announced to its employees that it is going to downgrade its license …
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First Derivatives signs up Forex Club as its first client in Eastern Europe

Jun
12
2012
Posted by Michael Greenberg in Software Developers
0 Comments

Forex Club is going to be the second retail forex broker utilizing First Derivatives’s technology, Real Forex being the first one. First Derivatives has one of the most sophisticated and advanced trading engines in the market having acquired Cognotec’s fx technology back …
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Forex Club is on the move – appoints a new US CEO Michael Klena

Mar
27
2012
Posted by Michael Greenberg in Brokers
2 Comments

Forex Club, one of the largest brokers in Eastern Europe, is in a restructuring and expansion frenzy – after taking a major investment from a private equity fund it announced the appointment of a new US CEO. Michael Klena (who was in fact …
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Forex Club sells minority stake to Quadro Capital Partners, plans an IPO

Mar
22
2012
Posted by Michael Greenberg in Brokers
0 Comments

Forex Club just announced that it sold a minority stake (believed to be in the region of 5-10%) to Quadro Capital Partners, a Moscow based private equity firm. Forex Club is one of the largest and oldest brokers in the …
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US Forex Brokers – Ikon GM out, Tradestation Forex in

Apr
5
2011
Posted by Michael Greenberg in Brokers
10 Comments

And then there were thirteen… Actually twelve as CMS Forex is phasing out. Ikon GM is out (since October 2010, Francesc thanks for the tip) and Tradestation formed a new entity – Tradestation Forex which received an RFED status in January …
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Bitcoin

Executive Moves

Startups & New products
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Want a Plane? Do You Have Bitcoins? BitPremier & BitPay Raising the Bar

After bringing to the bitcoin marketplace million dollar apartments and sports cars, luxury bitcoin retailer, BitPremier is offering what is most likely the first airplane...

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Sneak Peak: Crypto St, Blending Bitcoin & Forex Trading Together

Innovation in the bitcoin sector continues to take place. Forex Magnates takes a look at Crypto St, a soon to launch bitcoin trading platform...

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DHS, Dwolla, Google Wallet & Bitcoin Prices Still Strong

US Feds Attacking Bitcoin! Bitcoin Getting Shut Down Is this the End of Bitcoin There have been some strong titled headlines since Tuesday evening about...

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New Blood at Integral’s Top Level – A Further Two Senior Executives Appointed As David Faulkner and Thomas F Koslowske Assume Office

Integral's management team expands rapidly as part of growth plan to streamline go-to-market process and keep abreast of market share gain of open FX platform.
...

Ian Doull Joins Integral in Global Product Role

Technology provider Integral has announced today that Ian Doull is joining them as Managing Director of Product Marketing. Integral stated that “In this newly created...

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Exclusive: OANDA Appoints Global Mobile Banking Head Citibank as New Head of Singapore

Management changes at OANDA continue with the appointment of Rajesh Yohannan as the new Managing Director & CEO, OANDA Asia Pacific, to be based in Singapore....

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Trading in the Cloud with cTrader & ChartIQ

The rise of mobile trading on tablets and smartphones has led brokers and technology providers to launch products that allow customers to access market data anywhere, and on any device. On this note, two cloud based products were released this week.
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Sneak Peak: Crypto St, Blending Bitcoin & Forex Trading Together

Innovation in the bitcoin sector continues to take place. Forex Magnates takes a look at Crypto St, a soon to launch bitcoin trading platform that combines elements of the forex trading brokerage model with digital currencies.
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