Tag Archives: forex trading

Swissquote releases financial report for Q1 2011 – ACM volumes and accounts are up over 30%

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Swissquote Bank, the Swiss bank which acquired ACM in December 2010, has published its financial report for the first quarter of 2011. For the first time ACM’s results are now made public, although not too many details are out there. …
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Saxo Bank emerges as the biggest winner of Euromoney 2011 awards

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I’ve had my share of criticism in the past over Euromoney’s methodology and I still think it’s flawed, but perhaps it’s the only possible method right now. Still, one cannot ignore the hype these awards generate. Please refer to the …
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CFTC Charges Jeffrey Groendyke with Operating a Forex Ponzi Scheme

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Federal court issues order freezing assets held in Groendyke’s trading accounts and preserving books and records. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the filing of an enforcement action charging Jeffrey L. Groendyke of Middleville, …
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Saxo Bank first to publish FX Options OTC market and client position data

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Saxo Bank just announced that it is going to publish market data from the FX Options OTC market data and it’s interesting because FX Options market is still an unchartered territory for many traders. Publishing market data will surely attract …
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Trading Symposium: Fundraising for NZ and Japan

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Trading Symposium is raising funds for the 2011 earthquake victims in New Zealand and Japan and we at Forex Magnates are joining its efforts. Japanese Earthquake facts: On March 11th, 2011 – a 9.0 earthquake hit the North of Japan, …
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E*Trade fined up to $300,000 by Dubai FSA for AML failings

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Much like Saxo being ‘censured‘ by the Dubai FSA for similar procedural deficiencies DFSA just announced that it settled a case with E*TRADE which agreed to pay a $300k fine. It’s odd that both cases, though seemingly identical at first …
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Pepperstone Announces New ‘Razor’ ECN Account for Forex Traders

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Australia in the past year or so has been the ‘next thing’ for forex brokers with many US and European brokers entering the growing Asian Pacific market through this convenient gateway. In general, while ASIC does have mid-high minimal capital …
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Interview with Metaquotes – Lenar Fatkhullin

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I recently had a chance to interview Lenar Fatkhullin, the Marketing Manager of Metaquotes Corporation – the developer of world’s most popular forex trading platform. I wanted to discuss several things with Lenar – specifically the introduction of MT5 and its …
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Currensee and FXDD Working Together

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by Nash Wadud. Forex social networking site, Currensee, has announced a joint webinar with FXDD to promote their Currensee Trader Leaders Investment program. This is a good move by FXDD to promote a version of managed accounts to their clients …
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OptionsXpress to enter the retail forex market

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WSJ Reports: OptionsXpress Holdings Inc. (OXPS) is developing a new currency-trading offering that will give the derivatives-focused online brokerage an entry point to the $313 billion per day retail foreign exchange market. The move makes the Chicago-based firm the latest major retail …
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