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All Ponzi schemers are disgusting thieves, but some are even worse than that: Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained more than $6.2 million in disgorgement and civil monetary penalties in a federal court summary judgment against defendants Marvin Cooper and his company, Billion Coupons, Inc. (BCI), [...]

In order to get things going NFA will start accepting new applications today and which is only 6 weeks before the CFTC deadline. Good luck to all new registrants who will have to stop doing business after October 18th until they get the approval which is expected to take a while due to massive amount of [...]

FXCM just released its formal statement on the new CFTC rules and it seems they are pretty worried about the possibility of not being able to accept US clients in their own non-US subsidiaries. Potentially this means that US based brokers will have to terminate all accounts in their foreign subsidiaries belonging to US residents. [...]

There’s a heated debate across many websites whether the new rules mean that non-US brokers will be able to accept US clients or not. It seems that the majority of people (check Francesc and Bart’s websites) believe that foreign brokers will stop accepting US clients, even meaning that subsidiaries/affiliates of US brokers themselves will not [...]

I would like to welcome to new long term advertisers who found Forex Magnates attractive enough for their business models.  Boston Technologies is taking the 728×90 leaderboard and Tradency takes the central 468×60 banner. Boston Technologies is a large forex software providers and the biggest provider of liquidity bridges to US brokers. It also provides [...]

The CFTC has finally released its final regulations concerning off-exchange retail foreign currency transactions. The rules implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Food, Conservation, and Energy Act of 2008, which, together, provide the CFTC with broad authority to register and regulate entities wishing to serve as counterparties [...]

Better enforcement of high-frequency and algorithmic trading is required, said a commissioner at the Commodity Futures Trading Commission, The Wall Street Journal reports. More appropriate rules and regulations need to be developed to police the high-speed nature of computer-aided trading styles, added Scott O’Malia. New rules are needed instead of conforming pit trading enforcement methods [...]

Interbank FX just announced that its Australian subsidiary obtained an ASIC license and will shortly start operation in Australia. This signals what everybody knows by now – Australia is the next hot spot for retail forex. SALT LAKE CITY, UT, USA—August 25, 2010— IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (forex) broker [...]

Real-time Forex quotes from TrueFX; This sidebar gadget was developed to be a small tool that will allow you to view real-time Forex quotes from TrueFX. The main window will display quotes for various currencies. The install takes about 1 second, although Integral should make sure that their name appears when clicking install because it [...]

Inc. 500 magazine announced that Forex Club Financial has been admitted into their ranking of the fastest growing private companies in America. This year FX Club is snatching the title of the fastest US growing retail broker from Interbank FX which held it for the last couple of years. Although one must note that FX [...]