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Tag Archives: forex trading

eToro raises more cash

Mar
11
2012
Posted by Michael Greenberg in Brokers
5 Comments

eToro completed another financing round just now. eToro’s latest round was in January 2011 when it raised $8.3 million from Spark Capital (and others) and simultaneously launched their Gurus program (called Market Leaders back then). eToro’s OpenBook is a pretty popular forex …
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Saxo Bank to open up in South Africa

Mar
9
2012
Posted by Michael Greenberg in Brokers
2 Comments

After reporting solid 2011 results and performing the first fx mobile trade while BASE jumping in South Africa, Saxo Bank will open its first office in the region. Our sources in South Africa tell us that Saxo Bank will use this weekend’s …
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Ava FX offers online trading course via Groupon

Mar
9
2012
Posted by Michael Greenberg in Brokers
3 Comments

Now this is some brilliant marketing. Ava FX offers a 96% discount on its Online Trading Course making it probably the first fx offering on Groupon. This way Ava FX taps the large Groupon clients base and also reaches completely …
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London Stock Exchange acquires majority stake in LCH, values it at €813 million

Mar
9
2012
Posted by Michael Greenberg in Executing Venue,Technology
0 Comments

LCH recently reported healthy 2011 results with net revenues up 16% to €387.2 million (2010: €335.0 million). LCH launched the much awaited ForexClear service at the end of 2011. LCH offers the service on nine currency pairs for interbank trades in currency options. …
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Saxo Bank reports 2011 results, revenues up but volumes are down

Mar
8
2012
Posted by Michael Greenberg in Brokers
0 Comments

Saxo Bank showed continuance of its impressive results from 2010. Although net profit was down by 4% and volume decreased by 14% (comparing H2 2011 to same period in 2010) its overall revenue was 6% higher and client assets have …
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Alpari FS celebrates the opening of new office in Alpari Tower

Mar
8
2012
Posted by Michael Greenberg in Brokers
6 Comments

Alpari FS, the Cyprus based subsidiary of the Alpari Group, threw a large party last week celebrating the expansion into Cyprus and the opening of its new eponymous office building  - Alpari Tower. Alpari were kind enough to invite me …
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Forex Magnates launches Latin America forex industry report

Mar
8
2012
Posted by Forex Magnates in Brokers
0 Comments

Forex Magnates just officially launched its Latin America forex industry report. The report is 160 pages of information of everything you need to know about the Latin America forex market broken down by countries. The report includes: Latin America Region …
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Windsor Brokers becomes the latest broker to settle with CFTC for accepting US forex clients

Mar
7
2012
Posted by Michael Greenberg in Brokers
0 Comments

The list is getting longer and longer: On February 29th 2012 Enfinium settled with the CFTC, FXOpen and InterForex did the same earlier this year. It seems there’s a clear distinction now between two types of firms sued by the CFTC: …
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First 3 brokers obtain a full forex license by CMB in Turkey

Mar
6
2012
Posted by Michael Greenberg in Brokers
0 Comments

Finally 3 brokers were granted full forex license to operate in Turkey. In August 2011 Turkish forex regulator CMB suddenly announced that forex brokerages are no longer allowed to operate in Turkey without a license. Such license however wasn’t even …
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MahiFX goes live, offers attractive proprietary platform

Mar
5
2012
Posted by Michael Greenberg in Brokers
8 Comments

MahiFX which has done a very good job in preparing the market for its launch has now official gone live. I’ve had the chance to get a sneak preview of the platform with the founders David and Susan Cooney who …
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