Tag Archives: FX Club
NFA Updates Enhancement Of FCM Monitoring and Increases Forex Capital Requirements
19
2012
The NFA has just announced that it has approved proposals for increased monitoring of FCM accounts that were proposed in its November 15th meeting. The new amendments will “require an FCM to instruct its depositories holding segregated, secured amount and …
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America loses another forex broker: Advanced Markets withdraws its RFED license
24
2012
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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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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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
9
2012
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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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, 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 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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Regulation and consolidation in the US market – number of brokers offering retail forex trading plummets 50% in 4 years
20
2011
Having seen two US brokers go public in the last 12 months and many more withdraw and being bought it’s time to see what happened to US retail forex industry sinc regulation became more stringent. Bottom line is that since …
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Forex Club has announced the appointment of Rafael Carrascosa is appointed as CEO of FOREX CLUB as of March 16th 2011. Forex Club is undergoing a major restructuring by consolidating all group’s activities under one umbrella and the new global CEO …
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