Tag Archives: Gain

Forex Magnate of the Month™ for May 2009: FXCM

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Announcing the winner of the first ever “Forex Magnate of the Month” award: Drum roll please….and the winner is… FXCM! Forex Magnate of the Month™ (™ makes it look so much more official doesn’t it?) – is a completely subjective award …
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Gain (Forex.com) charged with fraud, false reporting or deception (market making)?

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In a typically laconic statement CFTC has announced that it established that Forex.com violated Section 4b(a) ofthe Commodity Exchange Act, and that this violation caused $22,231 in damages. 1 Accordingly, Gain Capital Group LLC, d/b/a Forex.com is ordered to pay to David Ni …
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Top Forex Brokers report over $105B in daily traded volume

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I know you’ve been expecting it so here it is: The largest and most up-to-date report detailing the average trading volumes by retail Forex brokers. The report shows that all prior estimates were far from the actual figures. Retail forex …
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Dirty Tricks in London Town

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Just to introduce myself, I am Jim Hunt and I am very pleased to have been invited by Michael to be your Forex Magnates roving reporter in the United Kingdom. You are probably aware by now that the new NFA …
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Survivor ’09 – Last US Forex broker standing

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When you hear the word ‘regulation’ what immediately comes to your mind? Is that something good or bad? To me, that is always something grey, bureaucratic, NFA, cumbersome, rigid, etc. Now we have one more reason to frown when we …
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China: NOT the next Forex destination

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  Couple of weeks ago I covered the developing Dubai Forex scene with several large brokers (FXCM and GFT) operating regional offices on the ground. I argued that Dubai (UAE) and the Middle East in whole is a lucrative destination …
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Is Oanda the largest Forex broker in the world? It certainly has much more money than FXCM

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Forex Brokers need to register as FCMs with the NFA and they also have to file monthly statements detailing certain business aspects. There’s nothing more that brokers hate than disclosing financial information – but for us it’s a chance to …
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Saxo Bank announces plans to expand, is it too late?

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Wall Street Journal interviewed Saxo Bank’s co-CEO Lars Seier Christensen who claims that Saxo intends both to establish new European offices and acquire other businesses. This follows the previous announcement when Saxo claimed they intended (how about actually doing something?) to …
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