Tag Archives: Forex

Ava FX receives ASIC approval, launches Australian office

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Ava FX just announced that it was authorized by ASIC to start operating in Australia. Ava Capital Markets Australia will offer Ava’s trading services to local and Asian traders. Australia has quickly become a major center for forex brokers trying to tap the Asian markets.
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FXOptimax launches its own social network

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FXOptimax, a small broker based in New Zealand, just announced the launch of several interesting features. Most interesting of them all is its own light version of a social network called Pipsbook.
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Q4 2011 Forex Magnates Forex Industry Report is Available

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The Q4 2011 Report includes: 1. Q4 2011 Forex market overview and Q1 2012 forecast 2. Forex Volumes Survey 3. Media Forex Websites Traffic Survey Q4 2011 4. Articles: Overview of the Chinese forex market Japan in Q4 2011: Consolidation …
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Forex Magnates launches new design and a comprehensive Forex Directory

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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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Hotspot’s December 2012 volumes plummet, 2011 volume rose 60%

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As experienced by all brokers (Retail and Institutional) across the board HotSpot’s volumes too plummeted in December 2011. We’ve seen this reported by FXCM, CME and others.
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Forex Magnates is nominated in the FXStreet’s person of the 2011 Year shortlist

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It’s extremely exciting that the good people at FXStreet have marked Forex Magnates as one of their nominees for the Person of the Year 2011 award. Whether we win or not, we are still extremely honored! “Everyone knows TIME’s Person …
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US forex brokers profitability report for Q4 2011 shows steep drop in number of US accounts amid increase in traders’ profitability

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US retail forex industry is now showing obvious signs of slow down with number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206. This is the lowest count reported since Q3 2010 when first such report was released.
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BNY Mellon reaches partial settlement in its civil suit

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As was reported only a week ago BNY Mellon which was expected to settle has indeed partially settled the civil lawsuit launched against it by the NY States Attorney. As part of the settlement agreement BNY agrees to actually disclose how it executes transactions, refrain from certain representations and provide a comparison mechanism for pricing.
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FXCM reports December 2011 monthly metrics

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FXCM just reported its December 2011 metrics and also metrics for the full 2011 year. As expected volume in December was substantially lower than in November. The reason for this is both the holidays slowdown and relatively low volatility in the currency markets. December 2011 was more than 20% higher than December 2010 which shows FXCM’s year on year growth.
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Leverate obtains CySec license

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Just like Boston Technologies announced FSA license for its Boston Prime prime brokerage two weeks ago so just did Leverate with a CySec license. We announced that Leverate is about to obtain such a license on our Linkedin group few days ago.
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