The story of Alpari UK continues. The troubled forex broker still says that it has not entered a formal insolvency process and that a sale is on the cards. After FXCM was reported to be a potential buyer and this was denied, there may be another buyer. Pepperstone, an Australian broker, is showing interest. Update, Monday 16:30 GMT: Alpari … “Alpari UK: Will Australia’s Pepperstone acquire the troubled firm?”
Category: Forex industry
Alpari: UK unit scrambling for sale (could be to FXCM);
Alpari’s story continues to fascinate: Alpari UK initially announced they have entered insolvency, then changed its position stating it has NOT entered a formal insolvency and is checking out the options, including a sale. And now there is more news from both the UK unit and the Japanese one: Forex Magnates now reports that Alpari UK is … “Alpari: UK unit scrambling for sale (could be to FXCM);”
Alpari UK sale possible: FXCM, Pepperstone potential buyer
Alpari UK has an updated statement up on its website saying it is not formally entered an insolvency process. A sale is considered. This is different than the previous decision. The story develops. Here is the statement: The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping … “Alpari UK sale possible: FXCM, Pepperstone potential buyer”
Swiss Shock – A test for forex brokers
The move by the Swiss National Bank was undoubtedly a huge surprise that caught markets unprepared. This kind of “Black Swan” event is not too common and has special implications. With scarce liquidity and fast moving markets, it certainly makes sense for spreads to widen and for brokers to decide on the suspension of trading … “Swiss Shock – A test for forex brokers”
Forex Crunch Key Metrics December 2014 and 2014 Roundup
2014 was a tale of two parts: the first 8 months which saw low volatility and consequently low traffic, and the last four months which saw new records. How will 2015 shape up? Hopefully this volatility is here to stay. All in all, 2014 saw stronger numbers than 2013. Here are the numbers: Website – … “Forex Crunch Key Metrics December 2014 and 2014 Roundup”
Adam Button wins FXStreet’s Person of the Year
And it’s certainly justified. The editor of Forex Live, which oversaw a takeover of the site by its forex analysts earlier this year, is FXStreet’s person of the year. I am very happy with this choice and I agree he has done a great job. There aren’t too many independent forex websites who provide high … “Adam Button wins FXStreet’s Person of the Year”
US forex traders banned from making credit card deposits
The CFTC has adopted a regulation banning the usage of credit cards and credit card funded accounts such as PayPal for depositing money into forex accounts. Debit cards are still accepted. The concern is that traders would borrow funds via their credit card and use it for trading. This is big news for the US forex industry. … “US forex traders banned from making credit card deposits”
5 Reasons Why Social Forex Trade Copying is Not For You
Much like Twitter and Facebook, social trading has grown exponentially in the last 5 years. In the past, traders relied on forums and discussion groups as their key source of trading ideas. These days, most decent traders would have their performance displayed for the world to see, and better yet, for anyone to copy. There … “5 Reasons Why Social Forex Trade Copying is Not For You”
Forex Crunch Key Metrics November 2014
The month of November 2014 saw a significant year over year growth but lower numbers than in October and September, which were record months. While there were quite a few interesting stories moving markets, extreme moves were somewhat missing from EUR/USD, the world’s most popular pair. Here are the numbers: Page Views: 574,887. Sessions: 223,831. Users: … “Forex Crunch Key Metrics November 2014”
Crypto Currencies Virtual Expo on Dec. 5-6 – Free
A virtual expo about Crypto Currencies will be held on December 5th and 6th, starting at 11:00 EST. The expo brings together bitcoiners and entrepreneurs of the crypto economy. The virtual expo allows anyone to participate, and registration is free. Participants will be able to present, speak and mingle, visit the live booths and engage in … “Crypto Currencies Virtual Expo on Dec. 5-6 – Free”